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China took steps to slow a decline in the yuan for a fourth time this week, as its

Allianz SE Chief Executive Officer Oliver Baete plans to push deeper into alternative asset classes such as real

Sri Lanka is seeking to restructure about $19.8 billion of local bills and bonds, equivalent to half of

Football must be held accountable for how it tackles discrimination by the new independent regulator, a key parliamentary committee has said. In the week where an independent report found evidence of “deep-rooted” discrimination in cricket, the Culture Media and Sport (CMS) committee insists football cannot be relied on to get its own house in order on equality, diversity and inclusion (EDI). It called for EDI measures to be included in a new code for football governance, and for the regulator to have powers to mandate and assess EDI action plans put together by clubs. The Government is committed to legislating for an independent regulator for English football (IREF), with Sports Minister Stuart Andrew telling supporters in Manchester last weekend that it would be one of the first bills to progress after the King’s Speech in the autumn. However, the Government said in its white paper on football governance published in February that it did not believe EDI matters should fall within the immediate scope of the regulator, something which frustrated anti-discrimination charity Kick It Out, particularly given the fan-led review had recommended EDI be in the regulator’s remit. The CMS committee says it is “sceptical” football will come up with suitable collective standards by itself, given the “limited progress” it has observed. A report from the committee, which recommended the Government set up the regulator in shadow form by the end of the year, stated: “We are concerned that the Government has ignored recommendations to include EDI Action Plans for clubs and oversight of these plans within IREF’s remit. “We believe that IREF would be well placed to receive and publish standardised data on compliance with EDI requirements in football, as well as monitoring and enforcing compliance with equality standards through EDI Action Plans. “We recommend that the Government should give IREF the authority to mandate EDI Action Plans as part of its threshold licence conditions for clubs. Clubs’ performances against these Action Plans should be assessed regularly by IREF as part of its routine licence reviews.” Kick It Out chief executive Tony Burnett welcomed the committee’s recommendation and added: “Football has dragged its heels for too long when making the change needed to make it a more welcoming sport. “There is still a lack of diversity in boardrooms, coaching and refereeing, while players and fans suffer from discrimination from the professional game down to grassroots. There has been progress, but a lack of collaboration and few solid outcomes over the past decade mean it’s time for the process to be accelerated. “That is why we endorse the recommendations, already made in the fan-led review, that EDI measures are included in the new Code for Football Governance, and that action plans are part of a club’s licensing conditions. “Placing equality, diversity and inclusion at the heart of football’s governance will help the game grow, therefore safeguarding it for future generations.” The Government will hold roundtable meetings over the coming months to drive forward EDI initiatives across the football pyramid as it continues to engage with the FA, leagues, fan representatives and civil society organisations. The regulator should also set “substantially higher” fan engagement standards rather than accepting existing Premier League standards as the baseline, the committee said. Football’s authorities were also warned to “get their act together” on a new financial agreement between the Premier League, the EFL and the FA, with the new regulator set to be given backstop powers to impose a solution via arbitration if one cannot be reached amongst themselves. However, the PA news agency understands talks over the ‘New Deal For Football’ are progressing well, with regular talks taking place between the three bodies. Read More Football rumours: West Ham delay Declan Rice deal as Pau Torres set for Villa I’d give my other ACL for England to win the World Cup – Leah Williamson Liverpool share first view from very top of new Anfield Road stand Football rumours: West Ham delay Declan Rice deal as Pau Torres set for Villa I’d give my other ACL for England to win the World Cup – Leah Williamson Liverpool share first view from very top of new Anfield Road stand

China’s leading steelmakers warned the industry faces a very challenging second half as demand disappoints, profitability lags, and

It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back

Nigel Farage, the former leader of the pro-Brexit UK Independence Party, said his bank accounts are being closed

South Korea approved its first standalone digital-asset bill to boost investor protection just over a year after the

Volkswagen AG replaced the chief executive officer of its flagging premium brand Audi as Europe’s biggest carmaker seeks

A man who took part in the Jan. 6 attack on the US Capitol was arrested Thursday night

The World Health Organization will declare one of the world’s most widely used artificial sweeteners, found in thousands

China’s sweetener producers gained after a report said the World Health Organization is set to decide on the