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☆ International buyers of US homes have fallen to the lowest since 2009, the National Association of Realtors says
▼ + stars: | 2023-08-02 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Fewer foreign buyers are entering the market than ever, according to a report by the National Association of Realtors. A supply shortage, dollar strength, and difficulties in obtaining financing are among reasons cited for the decline. A supply shortage has had significant knock-on effects for foreign buyers of American homes. Buyers from abroad have declined to the lowest level since records began in 2009, according to a report published by the National Association of Realtors. Per the data, the number of existing homes purchased by foreign buyers from April 2022 to March 2023 fell by 14% to around 84,600.

Persons: – Organizations: National Association of Realtors, Service Locations: Wall, Silicon, America

☆ UK lender Virgin Money sticks to annual outlook despite mortgage pressures
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

Signage on display outside of a Virgin Money store in central London, Britain, July 27, 2021. REUTERS/Henry Nicholls/File PhotoAug 2 (Reuters) - British challenger bank Virgin Money UK (VMUK.L) on Wednesday maintained its full-year outlook and reported stable net interest margin (NIM) in the third quarter despite pressure from its mortgages business. Virgin Money has been restructuring itself as it grapples with a drop in footfall and transaction volumes. Virgin Money said higher interest rates were offset by spread pressure in mortgages and continued deposit migration. The London-listed lender also announced its plans to buyback shares worth 175 million pounds ($159.58 million) in fiscal year 2023 and more in 2024.

Persons: Henry Nicholls, Yadarisa, Rashmi Organizations: Virgin, REUTERS, British, Virgin Money, Thomson Locations: London, Britain, Bengaluru

☆ Russia's outdated boom defenses will prove useless if Ukraine counters with a double-drone strike, expert says
▼ + stars: | 2023-08-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

In response, Russia has put up boom defenses to protect bridges or ships. But Ukraine can easily overcome those by launching a double-drone strike, an expert told Insider. However, the outdated defenses, which have been around since World War II, will prove useless if Ukraine decides to counter with a double-drone strike, Stephen Wright, a drone technology developer told Insider. The defenses were deployed after Ukraine unveiled a new sea drone that is designed to attack ships in Russia's Black Sea fleet. Wright told Insider that Ukraine can easily counter the boom defenses by launching a formation attack.

Persons: Stephen Wright, Wright, you'd Organizations: Service, Russia, CNN Locations: Ukraine, Russia, Wall, Silicon, Ukrainian, Kerch, Crimea, Moscow

☆ Britain agrees deals on clean energy, critical minerals with Zambia
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alaa Al SukhniLONDON, Aug 3 (Reuters) - Britain on Thursday said it had agreed deals with Zambia on clean energy and critical minerals as foreign minister James Cleverly ends a four-day visit to Africa to deepen ties. "The UK-Zambia Green Growth Compact and our landmark agreement on critical minerals will support investment between UK and Zambian business, creating jobs in both countries," Cleverly said. Zambia is a major copper producer, and also has deposits of critical minerals such as cobalt, manganese and nickel. Last year Britain emphasised the importance of diversifying its supply chains in a critical mineral strategy. Britain has agreed to deepen collaboration on critical minerals with other countries such as the United States, Japan, Australia, Kazakhstan and Saudi Arabia.

Persons: James, Ayman Safadi, Sukhni, Alistair Smout, William James Our Organizations: British, Jordan's, REUTERS, Sukhni LONDON, Thomson Locations: Amman, Jordan, Britain, Zambia, Africa, Niger, Zambian, United States, Japan, Australia, Kazakhstan, Saudi Arabia

Whatever your muse, you should not go a step further in your purchase journey without considering this rare gaming laptop deal on the ASUS ROG Flow X16. It came to market at around $2,000 and has hovered between $1,400 and $1,600 in recent months, but Best Buy has it down to $1,100 right now. A gaming laptop deal too good to pass upDeal icon An icon in the shape of a lightning bolt. Great Price ASUS ROG Flow X16 The ASUS ROG Flow X16 is a 2-in-1 gaming laptop that can double as a tablet. Grab yours at Best Buy with the link ahead.

Persons: It's Organizations: ASUS, NVIDIA

☆ Britain to create new regime to deal with insurance company failures
▼ + stars: | 2023-08-02 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

REUTERS/Hollie Adams/File PhotoLONDON, Aug 2 (Reuters) - Britain said on Wednesday it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system. But no such specifically tailored regime currently exists in Britain to deal with failures in the country's insurance industry, which is the fourth largest in the world. The European Union is in the process of approving its own set of rules for handling insurance company failures. In Britain, insurance company collapses currently come under modified UK company insolvency arrangements, which the finance ministry said may be less effective for an industry with 2.7 trillion pounds ($3.45 trillion) in assets. The timing of the new regime is unclear given that legislation is needed and Britain is likely to face national elections next year.

Persons: Hollie Adams, Huw Jones, Jane Merriman Organizations: Bank of England, City of, REUTERS, Regulators, Bank of, European, Shareholders, Thomson Locations: City, City of London, Britain, Silicon, Gibraltar, London

☆ A Florida steakhouse is selling a plant-based steak for a whopping $69
▼ + stars: | 2023-08-02 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

A Florida steakhouse chain is joining the fray by selling a $69 plant-based steak by Chunk Foods. Charley's Steak House is billing itself as the first steakhouse chain in the US to add a plant-based steak to its menu. The plant-based steak is so good that some staffers were fooled during blind taste tests, company Executive Vice President Clark Woodsby told Insider. Last year, Beyond Meat's sales slumped as consumers turned away from plant-based meat substitutes. To date, restaurant diners have experienced plant-based foods at fast-food chains like KFC, Pizza Hut, McDonald's, and Chipotle.

Persons: mignon, Charley's, Clark Woodsby, Mignon, Woodsby, Seth Miller, Miller, Amos Golan, Golan Organizations: Chunk Foods, Service, Chunk, Town, Texas Cattle Company, Foods, Steak, Foods Chunk Locations: Florida, Wall, Silicon, Central Florida, FishBones, Texas, Charley's

London CNN —A barge on which the United Kingdom government plans to house hundreds of asylum-seekers has been described as a “death trap” by the country’s Fire Brigades Union. Yui Mok/WPA Pool/Getty Images/FileThe Fire Brigades Union (FBU) said it will write to the UK Home Office on Wednesday to set out its safety concerns. The government’s plans to house migrants on the barge has been widely criticized by human rights groups. “We’ve got British taxpayers stumping up millions of pounds a day to house migrants in hotels.”Rival protesters argue in Portland, Dorset, where the Bibby Stockholm docked on July 18, 2023. Ben Birchall/PA/APThe Home Office announced plans to house around 500 single adult males on the barge in April.

Persons: Rishi Sunak, Bibby, it’s, ” Sunak, hasn’t, ”, Sunak, Yui Mok, Ben Selby, ” Selby, Selby, ” Natasha Tsangarides, “ We’ve, Ben Birchall Organizations: London CNN, country’s Fire Brigades Union, LBC, Channel, Fire Brigades, Office, Sky News, CNN, “, ”, Home Office, United Nations Locations: United Kingdom, Portland, Dorset, England, Bibby Stockholm, “, Britain, Australian, Dover, London, Portland , Dorset, France

☆ I return already-worn clothes to Target and don't feel bad about it. The return policy has made me a customer for life.
▼ + stars: | 2023-08-02 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +4 min

Target has a one-year return policy where it accepts store-brand items with or without a receipt. Bryan Tate tried the return policy and shared his experience on TikTok. Because of Target's return policy, I'm a lifelong customerI've used the policy about six to eight times now and I've never used a receipt to return an item. For those who are on the fence about the return policy, understand you aren't taking advantage of a system. If you have ever tried a store's return policy and would like to share your story, email Alyshia Hull at ahull@insider.com.

Persons: Bryan Tate, He's, he's, it'd, It's, they'd, Jack, Target's, I'm, I've, it's, Alyshia Organizations: Service, Target, Alyshia Hull, ahull Locations: Wall, Silicon, Los Angeles , California

☆ Toymaker Mattel says it will pay someone nearly $18,000 to play and promote its new Uno game
▼ + stars: | 2023-08-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Mattel is hiring a "chief Uno player" to promote its new game, Uno Quatro. The job involves starring in social media content and teaching the game to others in New York. Its main task is to promote Uno Quatro, a variation on the original card game which involves trying to match four-in-a-row using plastic tiles on a grid. It's not just the new Quatro game though, as the chief Uno player will also have to help create social content for "various Uno games." It involves filming yourself answering four simple questions, like your favorite reverse card moment – a move you can make when playing the Uno game.

Persons: Uno Quatro, They'll, It's, Quatro, Uno Organizations: Mattel, Service, Privacy, New, Uno, Seaport Locations: New York, Wall, Silicon, New York City, livestreams

FILE PHOTO-People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. REUTERS/Cheney Orr/File PhotoSummaryCompanies First-half EPS up 17%Sees full-year EPS 10%-12% higher, previous forecast 5%-7%Lifts interim dividend by 11%Shares up 5%LONDON, Aug 2 (Reuters) - Britain's biggest defence company BAE Systems (BAES.L) upgraded its guidance for 2023, forecasting annual earnings growth of 10%-12%, as governments spend more on military equipment in "an increasingly uncertain world". BAE Systems said its good operational performance plus the demand from its customers, the biggest of which are the United States, Britain, Saudi Arabia and Australia, meant its full-year results would be better than expected across the board. Shares in BAE Systems jumped 5% in early deals. For 2023, BAE said earnings per share would grow 10%-12%, compared to the 5%-7% increase it had forecast in February, while it also lifted sales guidance to 5%-7% growth from 3%-5%.

Persons: Cheney Orr, Charles Woodburn, Woodburn, Hargreaves, Aarin, Sarah Young, Paul Sandle, Kate Holton Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, BAE, Thomson Locations: Huntsville , Alabama, U.S, United States, Britain, Saudi Arabia, Australia, Russia, Ukraine, Asia, Pacific, Europe, Czech Republic, Poland, Qatar, Christian

☆ The partial skeleton of an ancient whale shows it could've weighed nearly as much as a Boeing 747, making it one of the heaviest animals ever
▼ + stars: | 2023-08-02 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

It may have weighed twice as much as a blue whale because of its dense bones. That's nearly as heavy as a Boeing 747 or twice as much as a blue whale, which typically weighs between 72 and 180 tons. That means the other fossils retrieved from the area may not offer clues to how P. colossus lived. A 3D model shows what a complete skeleton of Perucetus colossus would look like, above a blue whale and smaller Cynthiacetus peruvianus skeletons. No limbs were found near the P. colossus skeleton, but fossilized evidence suggests it likely had both front and back legs.

Persons: Mario Urbina, Olivier Lambert, Giovanni Bianucci, Cynthiacetus, colossus, colossus isn't, Lambert, Florent Goussard, Marco Merella Organizations: Service, Boeing, Santa Barbara Museum of, History Locations: Wall, Silicon, Pisco, Peru, London

☆ Whale fossil may be the heaviest animal ever
▼ + stars: | 2023-08-02 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —A colossal ancient whale discovered in Peru might be the heaviest animal on record, according to a new study. What’s more, Perucetus likely weighed two to three times more than the blue whale, which today weighs a maximum of 149.6 metric tons (330,000 pounds). Giovanni Bianucci“Discoveries of such extreme body forms are an opportunity to re-evaluate our understanding of animal evolution,” wrote J.G.M. “It seems that we are only dimly aware of how astonishing whale form and function can be,” they added. The lifestyle of a colossal whaleThe findings suggest that gigantism or peak body mass among cetaceans had been reached around 30 million years earlier than previously thought, according to the study.

Persons: Giovanni Bianucci, “, ” Bianucci, Perucetus, ”, ’, Bianucci, pacificus, Mystacodon selenesis, Mario Urbina Schmitt, Schmitt, Thewissen, David A, Waugh, weren’t, Ingalls, Brown, ” Thewissen Organizations: CNN, University of Pisa’s, sirenians, Peru “, National University of San, Ohio Medical University Locations: Peru, Italy, Ica, Peruvian, National University of San Marcos, Lima

☆ I work at Microsoft full-time from my narrowboat. There are downsides to living on the water, but I'm happier than I was in a 3-bedroom house.
▼ + stars: | 2023-08-02 | by ( Brooke Morton | ) www.businessinsider.com time to read: +6 min

I'd always harbored a dream of living on a canal boat. Remote work is easy from a narrowboatI work full-time for Microsoft as a partner manager and support the Nordic region. Boats need a lot of maintenance, but they can appreciate in value, especially if you're diligent about upkeep. You can buy a shorter canal boat, but then obviously you lose space. There are some downsides of living in a canal boat, but I'm happier overallThe hardest part is planning.

Persons: Marius Blauuw, Blauuw, I'd, Marius Blaauw, it's, narrowboat, Blaauw Organizations: Microsoft Locations: Northampton, England, Nordic, Reading, London, Crick

☆ UK's Domino's Pizza unveils $90 mln share buyback, raises profit forecast
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Britain's Domino's Pizza Group (DOM.L) announced a 70 million pound ($89.78 million) share buyback programme on Tuesday and raised its annual profit forecast range helped by higher orders and sales in the first half of the year. Resilient customer spending has helped the UK hospitality slowly recover from pandemic lows amid pressures from high costs. In the first half of the year, total orders increased 2.8% to 35.4 million, helping the company to post an 8.2% rise in underlying core profit. The company, a franchisee of U.S.-based Domino's Pizza Inc (DPZ.N), said it now expects an underlying core profit of about 132 million pounds - 138 million pounds for the year. Analysts on average had expected 127.6 million pounds, according to a company-compiled consensus.

Persons: Elias Diaz Sese, Radhika Anilkumar, Subhranshu Sahu Organizations: Thomson Locations: U.S, Bengaluru

☆ A Stairway to Nowhere Sells for $32,000 in London
▼ + stars: | 2023-08-01 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: 1 min

Even by the standards of London’s white-hot real estate market, it was a property with seemingly limited appeal: an unused stairwell, attached to the back of a suburban building, next to a parking garage. Nevertheless, the four-story metal stairwell, enclosed by translucent panels, sold at auction on Tuesday morning for 25,000 pounds (about $32,000), 20 percent more than the starting bid. Simon Squibb, the longtime entrepreneur who bought the stairwell, said he saw what the property listing called its “development potential.”Mr. Squibb recently co-founded HelpBnk, a company that supports budding entrepreneurs, possibly with the help of his new stairwell.

Persons: Simon Squibb, Squibb

☆ UK's Metro Bank posts first-half profit on tight cost controls, rate hikes
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKayAug 1 (Reuters) - Metro Bank Holdings (MTRO.L) on Tuesday reported a first-half profit compared with a year-ago loss, helped by the British mid-sized lender keeping a tight rein on costs and benefiting from interest rate hikes. Bank profits have been lifted by successive rate increases by the Bank of England, enabling lenders to make more money on borrowing despite the threat to the economy posed by rampant inflation. The bank posted an underlying pre-tax profit of 16.1 million pounds ($20.65 million) for the six months ended June 30, compared with a loss of 48 million pounds a year earlier. Metro Bank, which was set up more than a decade back to challenge the dominance of mainstream lenders, reported total deposits of 15.53 billion pounds, down from 16.01 billion pounds as on Dec. 31.

Persons: Hannah McKay, Eva Mathews, Rashmi Organizations: Metro Bank, REUTERS, Metro Bank Holdings, Bank of England, Thomson Locations: London, Britain, British, Bengaluru

☆ Pound's mini-budget dip made UK's Brexit bill dearer
▼ + stars: | 2023-08-01 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

In previous years, the Treasury's "reportable losses" have ranged between zero and a few million pounds. This 855 million-euro payment cost Britain 764 million pounds on a day when 1 pound would buy only 1.12 euros. Back in April 2022, when the EU updated Britain's payment schedule for June through September, it assumed an exchange rate of around 1.18 euros per pound - equating to monthly payments of 719 million pounds rather than 764 million pounds. Still, that small net gain represents a sharp drop from March 2022 when it stood at 91.2 million pounds - with the payment on Sept. 30 a conspicuous loss-maker. Economists put the broader costs of the mini-budget episode - stemming from loss of investor confidence and higher market interest rates - in the billions of pounds.

Persons: Dado Ruvic, Liz Truss's, James Murray, Kwasi Kwarteng, Mark Potter Organizations: REUTERS, European Union, Britain, Treasury, Labour Party, Reuters, Thomson

☆ Ex-NatWest banker awarded $115,400 after cancer-related discrimination
▼ + stars: | 2023-08-01 | by ( Kirstin Ridley | ) www.reuters.com time to read: +2 min

Signage at a branch of NatWest Bank pictured in central London, May 21, 2008. Cancer is listed as a disability under the UK Equality Act 2010, protecting sufferers from discrimination. NatWest was ordered to pay almost 87,700 pounds, including 35,000 pounds for injury to feelings and aggravated damages for Willis's losses until December 1, 2020. A NatWest spokesperson said the bank was pleased the case had been resolved and apologised for falling short of expected standards. "We recognise the extremely difficult personal circumstances in this case and have taken steps to ensure this cannot happen again," the spokesperson said.

Persons: Luke MacGregor, Adeline Willis, Willis, Kirstin Ridley, Angus MacSwan Organizations: NatWest Bank, REUTERS, NatWest, Cancer, Thomson Locations: London

☆ A Soup and Salad That Beat the Heat
▼ + stars: | 2023-08-01 | by ( David Tanis | ) www.nytimes.com time to read: +1 min

Right now, at the market, you’ll probably find fresh shelling beans piled high in their pods. While you’re at it, scout the market for ribbonlike Romano beans, also called runner beans or flat beans. Then you’ll need some tender green beans, which can sometimes be a problem. Cooked to perfection, these seasonal treats need only a zesty vinaigrette. For me, the beans are the stars, though for all intents and purposes, this is a vegetable version of salade niçoise.

Persons: you’ll, Romano, I’d

☆ Aston Martin flips from cash-guzzler to carmaker
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, Aug 1 (Reuters Breakingviews) - Aston Martin Lagonda (AML.L) is making a painful transition from cash-guzzler to viable carmaker. A 216 million pound cash call on Monday brings its total capital raised since 2018 to just under 1.8 billion pounds. By this year, Aston Martin will have grown revenue by 13% per annum since 2019, according to Refinitiv data, thanks to new models like the DB12 and higher prices. Aston’s current enterprise value is just under 2 times forecast 2024 sales, a discount to Porsche, and far below Ferrari’s (RACE.MI) more than 8 times multiple. Yet Aston still needs to show it can make an electric vehicle, with the first due in 2025.

Persons: Aston Martin Lagonda, James Bond, Lawrence Stroll’s, Aston Martin, Aston, Neil Unmack, Steve Cohen, Liam Proud, Oliver Taslic Organizations: Reuters, Public Investment Fund, Porsche AG, Porsche, Twitter, Sequoia, Thomson Locations: Japan, India

In a statement written from the perspective of a sun bear named “Angela,” officials from Hangzhou zoo said people “didn’t understand” the species. In 2013, a city zoo in the central Henan province angered visitors by trying to pass off a Tibetan Mastiff dog as a lion. Visitors at another Chinese zoo, in Sichuan province, were shocked to discover a golden retriever sitting in a cage labeled as an African lion enclosure. World’s smallest bears under threatNative to the tropical forests of Southeast Asia, sun bears are the world’s smallest bear species. Sun bears are listed as vulnerable by the International Union for Conservation of Nature (IUCN).

Persons: “ Angela, I’m Angela Organizations: CNN, Wildlife Fund, Sun Bear Conservation Center, International Union for Conservation of Nature Locations: China, Hangzhou, Weibo, Henan, Sichuan, Southeast Asia, Malaysia, Indonesia, Sabah

Sun, moon, grizzly, black, spectacled, sloth: Bears all over the world can stand, shuffle, totter and walk on two legs, though they usually prefer four. But a zoo in Hangzhou, China, decided that the best way to clear up a conspiracy theory about one of its bears was to release a statement in the bear’s voice. The confusion appeared to begin in late July, when a video surfaced on the Chinese social media site Weibo of a sun bear named Angela standing on a rock in its zoo enclosure, with ramrod posture on its hind legs. Some Weibo users began to cast doubt on the ursine truth of the bear. Some accused the zoo of using a dog impostor — sun bears can grow to the proportions of a large dog, about four and a half feet long and up to 145 pounds.

Persons: Angela Organizations: Weibo Locations: Hangzhou, China

☆ What happened when the Trinity test bomb detonated, from the creation of green glass to fallout that drifted over 1,000 miles
▼ + stars: | 2023-08-01 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +14 min

Scientists set off the Trinity test atomic bomb on July 16, 1945. Base camp (9.5 miles away): Through his dark glass, Fermi had the impression the desert was suddenly brighter than day. Chupadera Mesa (30 miles away): Fallout rained on cattle near Chupadera Mesa, giving them serious beta burns, which appear similar to a sunburn. Over 1,000 miles away: In August 1945, Kodak customers complained that their X-ray film, sensitive to radiation, was ruined. The Trinity test fallout had reached the Midwest.

Persons: Trinity, McAllister Hull, Hans Courant, Enrico Fermi, Oppenheimer, Bruce Cameron Reed, Val Fitch, Warren Nyer, General Thomas F, Farrell, Fermi, Rabi, Campañia, Edward Teller, William Spindel, Hans Bethe, Leslie Groves's, Janet Farrell Brodie's, Lilli Hornig, Norris Bradbury, Fitch, Spindel, Hornig, Brodie, Schmidt, McDonald, Reed, sheepherder Jack Denton, Los Alamos Louis Henry Hempelmann, James L, Nolan Jr, Jennet Connet, Bingham, Chupadera, Nolan, Ruidoso, Henry Herrera, Sébastien Philippe, Susan Alzner, Gilbert P, Compo, Mason Grimshaw, Megan Smith, Julian Webb Organizations: Trinity, Service, Manhattan, National Security Research, Geographic, Atomic Energy, Hans, Atomic Heritage Foundation, Base, Manhattan Project, SED, Alamogordo Air Base, Alamos, McDonald, House, Fitch, Silver City, New York Times, Los Alamos, Centers for Disease Control, Princeton University, Consortium, Kodak, Princeton Locations: Wall, Silicon, New Mexico, Sandia, Amarillo , Texas, Albuquerque, Fitch, Los, Bingham, Chupadera Mesa, Nevada, Indiana, Canada, Mexico

☆ Manchester United sign $1.1 bln Adidas kit deal for 10 years
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] Manchester United's Mason Mount in a preseason friendly, Manchester United v Olympique Lyonnais, in Murrayfield Stadium, Edinburgh, Scotland, July 19, 2023 Action Images via Reuters/Lee SmithJuly 31 (Reuters) - Manchester United (MANU.N) signed a 900 million pound ($1.1 billion) deal with Adidas (ADSGn.DE) on Monday, renewing the English soccer club's partnership with its official kit supplier for 10 more years. Manchester United, whose U.S. owners have been considering selling the Premier League club, will return to the lucrative UEFA Champions League this year after securing a top-four finish in the domestic league last season under manager Erik ten Hag. "The new deal increases the focus on the Manchester United women's team since their reintroduction in 2018," United said in a joint press release with Adidas. The new deal with Adidas, ahead of the 2023/24 Premier League season starting next month, will continue the partnership until June 2035, the northwest England-based club said. The original agreement with Adidas links a part of the yearly payments to the club's participation in the Champions League, according to the company's latest annual report.

Persons: Manchester United's Mason, Lee Smith, Erik ten Hag, Glazer, Qatar's Sheikh Jassim bin Hamad, Jim Ratcliffe, Bjorn Gulden, Yadarisa, Nivedita Bhattacharjee, Mark Potter Organizations: Manchester, Manchester United, Olympique Lyonnais, Adidas, soccer, Premier League, UEFA Champions League, Nike, Manchester United women's, Champions League, Champions, United, Thomson Locations: Murrayfield, Edinburgh, Scotland, Thani, British, England, Bengaluru

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