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Inflation deterring shoppers from spending, especially in the US, says sportswear fashion chain Sports fashion retailer JD has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers.JD Sports, which sells a range of sports brands including Nike and Adidas, said widespread inflation had hit shoppers’ wallets, resulting in falling sales across important markets such as the US, where it struggled to quickly shift trainers and other footwear. Continue reading...

• The U.S. Department of the Treasury is increasing the size of its liquidity support buyback operations for longer-dated nominal coupon securities starting September 9. • The operations will target the 10-year to 20-year and 20-year to 30-year sectors, raising the maximum size per operation from $2 billion to at least $4 billion. • This move is designed to enhance market liquidity and stability for long-term government debt by doubling the available support.

• Premier League clubs have spent £2.14bn on transfers this summer, surpassing previous spending totals from 2024, 2022, 2021, and 2020. • Data provided by Paul Macdonald of FootballTransfers.com indicates that a significant portion of these funds has been exchanged between top-flight rivals. • This surge in investment highlights the league's immense financial power and the ongoing trend of escalating player valuations.

• Major European stock indexes opened with mixed results on Wednesday as investors reacted to new inflation data. • Market participants are specifically analyzing the latest consumer and producer price index (CPI) reports from the United Kingdom and the broader Eurozone. • These reports are critical as they influence central bank decisions regarding interest rate hikes or cuts to combat inflation.

• Sheikh Sultan Bin Khalifa Bin Sultan Bin Shakhbout Al Nahyan, President of the Asian Chess Federation, has concluded a diplomatic tour of East Asia, visiting China and Hong Kong. • The visit focused on meeting with sports officials and chess federations to strengthen institutional relations and expand cooperation across the continent. • These efforts aim to enhance the development of the game of chess, improve existing programs, and elevate the quality of Asian championships.

Officers reportedly believed invitees were trying to make unauthorized entry on to Vandenberg base in CaliforniaFive news reporters and two members of the military who were invited to an event at Vandenberg space force base in California were briefly detained at gunpoint by security officers who thought they were gatecrashers, according to local news reports.The incident happened Monday ahead of an invitation-only groundbreaking for a new training facility for missile operators at the federal airfield near Santa Barbara, California. Reporters from Noozhawk and KEYT were among those detained, and both outlets published articles detailing the detainment. Continue reading...

• Sports Illustrated is providing updated soccer coverage, including the latest scores, standings, and expert analysis. • Recent reporting highlights Manchester United's uncharacteristically disciplined approach to transfer spending during the current summer window. • The publication also features a retrospective analysis identifying Lionel Messi, Pele, Cristiano Ronaldo, and Diego Maradona as the greatest players in history.