China’s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China’s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday. The fintech affiliate of Alibaba Group Holding Ltd has submitted an outline of a restructuring plan, which could be finalised before China goes into the week-long lunar new year holiday in mid-February, the Wall Street Journal said, citing sources. Chinese regulators had asked Ant to consider folding up most of its financial businesses into a holding company that would be subject to more stringent capital requirements, two sources told Reuters in December. The country’s central bank, People’s Bank of China, has said Ant controls a range of financial institutions, including sec...
Arsenal boss, Mikel Arteta, is delighted with the imminent arrival of new football chief Richard Garlick. Arteta has revealed his excitement at the appointment of Richard Garlick as the club’s director of football operations. Garlick, who currently holds the role of the Premier League’s director of football, will replace Huss Fahmy, who left the Gunners board in November. “We lost Huss at the start of the season,” said the Spaniard. “He had a really important role because it is a very important link between myself, Edu the technical director, the board, Vinai [Venkatesham]. “We needed a person with a lot of experience, who knows the job really well, has all the connections in English and international football. “As well, someone that can bring some ideas and some qualities that we believe ...
<img width="696" height="464" class="entry-thumb" src="https://www.today.ng/wp-content/uploads/2021/01/13125818-696×464.jpg" srcset="https://www.today.ng/wp-content/uploads/2021/01/13125818-696×464.jpg 696w, https://www.today.ng/wp-content/uploads/2021/01/13125818-300×200.jpg 300w, https://www.today.ng/wp-content/uploads/2021/01/13125818-630×420.jpg 630w, https://www.today.ng/wp-content/uploads/2021/01/13125818.jpg 699w" sizes="(max-width: 696px) 100vw, 696px" alt="(FILES) In this file photo taken on November 14, 2018 Wyoming US Representative Liz Cheney speaks following the House Republican leadership vote at the Longworth House Office Building on Capitol Hill in Washington, DC. – Senior Republican Con...