Infantino facing IOC probe after complaint lodged over Trump’s Balogun intervention Sport Business Fifa boss Gianni Infantino is facing an International Olympic Committee investigation after an official complaint was filed following US President Donald Trump’s intervention to block Folarin Balogun’s ban. The decision to suspend Balogun’s ban – enabling the USA’s best player to continue playing in the World Cup after he was sent off against Bosnia and [...]
As it happened: FTSE 100 recovers after oil surge dampens mood; Strikes in the Strait of Hormuz Markets Welcome back to the City AM liveblog. Oil prices are marching higher after the latest wave of military action in the Middle East following the US reinstating its blockade on imports from Iran. Brent crude – the international benchmark for oil prices – surged above $84 per barrel on Tuesday, bringing gains for the week [...]
Trump reinstates US blockade of Strait of Hormuz Markets Donald Trump said the United States has restored its blockade of Iranian ships in the Strait of Hormuz and would demand a 20 per cent fee on all other cargo transiting the shipping lane. In a further breakdown of relations with Iran, the President said the US Navy would stop “Iran’s ships entering or leaving” [...]
Plus500 revenue surges as US prediction markets drive growth July 13, 2026 Plus500 reported a rise in revenue after the trading platform pushed into the surging US prediction markets. Revenue reached a three year record high, increasing 12 per cent year on year to $462.9m (£346m). The firm also pinned the performance on “heightened market volatility”. Earnings before tax remained flat at $187.5m, after growth was offset [...]
Strait of Hormuz ‘closed’ as Iran and US exchange strikes July 12, 2026 Iran has declared the Strait of Hormuz closed as it trades fresh strikes with the US over the alleged unauthorised passage of a ship through the vital trade route. The Islamic Revolutionary Guard Corps said on Sunday morning that the waterway, which usually accounts for a quarter of the world’s maritime oil trade, will be [...]
As it happened: Stocks rises as oil eases but Strait of Hormuz concerns ramp up July 10, 2026 Welcome back to the City AM liveblog. Markets are set to make a loss for the week after the conflict in the Middle East returned to full-blown military action this week. The FTSE 100 has shed over one per cent and is on course to close in the red for the week, even after breaking [...]
Rachel Reeves’ legacy of tinkering with the City is not enough, says Mel Stride July 9, 2026 Sir Mel Stride has branded Rachel Reeves’ legacy in government as mere “tinkering” with City reform as the top Tory predicted her successor will create a “hostile” environment for the banking sector. In an interview with City AM, the shadow Chancellor branded Reeves’ two-years in the Treasury as “managerial incrementalism,” adding it was “not enough”. [...]
Fifa hits back at Trump and Egypt over refereeing bias claims July 9, 2026 Fifa’s referees’ chief Pierluigi Collina has hit back at critics of officiating at the World Cup after President Trump and the Egypt team made allegations of bias. Trump said Raphael Claus, the Brazilian ref who sent off USA’s Folarin Balogun, “was a little bit suspect” and later claimed his pressure had resulted in Fifa suspending [...]
Ed Warner: Why I’m optimistic about the future for Sussex Cricket July 9, 2026 ‘What will you do about your blog?’ was one question at interview, repeated a number of times since I was announced as the chair of Sussex Cricket last week. What of my trenchant criticisms of cricket’s leadership, the sport’s confused calendar and the divide between its haves and have nots? For now, this column and [...]
Trump and Infantino: The venomous relationship between sport and politics July 7, 2026 The debacle between Donald Trump and Gianni Infantino proves beyond doubt sport and politics are intertwined, Matt Hardy writes. “I feel disappointed with too many people. They put politics and manipulation, talk about ethics and integrity [first]. If we talk about the history of this game, I am disappointed in a personal way.” Those were [...]