BEIJING Revenues at China's Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8

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Premier League clubs have spent a fraction under £2billion in this summer’s transfer window already – with a week of business still to go. Data released by financial services firm Deloitte showed that as of 12pm on Friday top-flight teams’ spending had reached £1.95bn. That is already higher than the total, record figure calculated by Deloitte for last summer – £1.92bn. Deloitte said spending was £500m higher this summer compared to the same point last year, suggesting the final total could be around £2.5bn. Two of this summer’s deals so far have been worth over £100m – Arsenal’s signing of Declan Rice from West Ham and Chelsea’s recruitment of Moises Caicedo from Brighton. Premier League clubs’ net spend is calculated at £825m by Deloitte, 25 per cent lower than last summer (£1.1bn), which the firm attributes to a more active global transfer market. Calum Ross, assistant director in Deloitte’s Sports Business Group, said: “For the second year in a row, the summer transfer spending by Premier League clubs has surpassed the previous record and looks set to rise above £2bn for the first time before the window closes on September 1. “This sensational level of spending appears to be the new norm for Premier League clubs. They are generating unprecedented levels of revenue, which for some clubs is combined with the receipt of significant investment from new ownership. “As we approach the end of the transfer window, it remains imperative that clubs manage the buying and selling of players carefully and remain compliant with relevant financial regulations. “Sustainable business plans are essential to support continued competitiveness and long-term growth.” Chelsea’s spending in the last three windows – since a consortium led by American businessman Todd Boehly took charge – is believed to be edging close to the £1billion mark.

Russian troops and security forces quashed an alleged cross-border raid from Ukraine in what appeared to be one of the most serious cross-border attacks since the war began

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Asian shares are trading mixed as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty

Austrian company Doppelmayr is well known for making gondolas for ski resorts, but its workshop is increasingly building cable cars for congested cities as climate...

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The New York Yankees are the latest MLB team to add a jersey patch to their noted pinstripes courtesy of Starr Insurance, though it won't help them afford Shohei Ohtani.There's something about advertisements on jerseys that bothers the old heads like myself (okay, I'm only 30), es...

By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China's economy grew at a faster-than-expected clip in the third quarter, while

LONDON & NEW YORK--(BUSINESS WIRE)--Oct 11, 2023--