• Reuters

    Inflation up in three German states, pointing to slight national rise

    Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe's biggest economy may rise slightly, although price growth did decline in one state. Economists will pay close attention to the national data later on Wednesday, as Germany publishes its figures before a euro zone inflation data release expected on Friday. The inflation rate in North Rhine-Westphalia, Germany's most populous state, rose to 2.5% year-on-year in May from 2.3% in April.

  • Associated Press

    Olympic boxing medalists in Paris promised cash prizes by rogue governing body

    The boxing governing body declared rogue by the International Olympic Committee said Wednesday it will pay $50,000 in prize money to each gold medalist at the Paris Games. The cash promise is doubly confrontational for the IOC, which has severed ties with the International Boxing Association and does not approve of governing bodies paying prize money to Olympic medalists. The IBA said it has a $3.1 million prize money fund for each male and female boxer who reaches the quarterfinals in 13 total weight classes, plus their coaches and national teams.

  • The Telegraph

    Steven Gerrard interview: Money is not the only reason I took a job in Saudi Arabia

    As always, Steven Gerrard is refreshingly candid. “I was financially secure a long time ago,” he says. “So, I would not come to Saudi for money. Was it part of it? Yes. Was it the only thing that made me do it? One million per cent, no.”