International News
USA: Trump Raises Fresh Conflict Of Interest Concerns

Donald Trump’s impending White House return poses questions once again about conflicts of interest related to his business empire, with new cryptocurrency and other ventures raising fresh concerns.
The billionaire’s stunning political comeback is “rocket fuel for the Trump Empire,” said Mark Hass, an Arizona State University marketing professor.
After almost a decade of making headlines around the globe, Trump’s “brand is… sort of the Nike or Apple of politics,” he said.
“Everybody in the world knows what it stands for.
Trump no longer holds an executive title at the Trump Organization, which has been run by his two eldest sons since his 2016 election win.
However, the 78-year-old has retained his stake in the family business via a trust, which during his first term in office was managed by a third party.
After he left the White House, Trump made himself a co-administrator of the trust. He has yet to say if he will relinquish the position when he takes office again in January.
Regardless, according to Hass, Trump’s association with his businesses will persist.
“Maybe he does not have a direct role in it, but you couldn’t get as close to the business without directly running it, than having your sons run it and to have your name on it,” he said.
Tim Calkins, a Northwestern University marketing professor, said that Trump’s victory has likely revived the family’s brand.
“Brands are associations and at the moment the Trump brand is associated with winning, comebacks and momentum,” he told AFP.
“Trump is still a very polarizing brand, but the election outcome has strengthened the positive associations,” he said.
Since Trump’s last term in office, the family business has struck substantial deals overseas, with several linked to Saudi Arabia.
The Trump Organization has partnered with Saudi developer Dar Global on a high-rise apartment complex in the Red Sea city of Jeddah, a luxury building in Dubai and a hotel complex in Oman.
It has also signed an agreement with LIV Golf, controlled by the Saudi sovereign wealth fund, and has hosted several LIV events on Trump-owned golf courses.
Haas said that such partners understand the contracts give them “influence” over Trump, and will ultimately produce financial benefits for him.
Stock price
Trump’s conflicts of interest will be “a lot worse” than his last presidency, said Jordan Libowitz, vice president of communications at CREW, a government ethics watchdog group.
Libowitz pointed to Trump’s expanded portfolio, which now includes a media group trading on the public market.
“There’s nothing stopping, say, the Saudi wealth fund, the Emirati wealth fund, the Kuwait wealth fund — which all do major investments in technology stocks… from pouring hundreds of millions of dollars into the stock,” he said.
Trump owns nearly 53 percent of the Trump Media Technology Group (TMTG), the parent company of his Truth Social platform.
That stake is currently valued at around $3.8 billion — making up the majority of his estimated $5.9 billion wealth, according to Forbes.
Foreign investors buying up the stock could raise its price greatly, said Libowitz. “But they can also crash it by selling all en masse.”
The New York Post has reported, citing members of Trump’s campaign team, that billionaire ally Elon Musk is considering acquiring Truth Social through X, his platform formerly known as Twitter.
The president-elect has also recently ventured into the world of cryptocurrencies, joining his sons in backing a new exchange platform called World Liberty Financial.
Trump is not a shareholder or board member of the start-up, but will receive compensation for the platform using his name.
“It’s still not clear how it works or what it’s doing,” Libowitz said. “But cryptocurrency is notorious for its ability to funnel money anonymously, particularly from overseas.”
CREW is considering filing suit against Trump — as it did during his first administration — arguing that the president is receiving payments from foreign clients in violation of the US Constitution.
The group’s previous suit eventually made its way to the Supreme Court, but it was dismissed because Trump had already left the White House.
“I think it’ll be a much more transactional presidency, because there are no obstacles,” Hass said of Trump’s second term.
“Trump, if nothing else, understands how to monetize his name and his fame.”
AFP
International News
Nottingham Forest Sacks 5th Manager In 10 Months, To Wrap Up Oliver Glasner’s Deal
Oliver Glasner is in advanced talks to replace Vitor Pereira as Nottingham Forest head coach, a move which would see the Austrian become the club’s fifth manager in less than a year.
Pereira announced his departure from the club in a statement on Wednesday, saying that it came as a “complete surprise to me and without any warning”.
Glasner is a free agent after leaving Crystal Palace — where he won the FA Cup in 2024-25 and then the Community Shield and Conference League the following campaign — and is set to stay in the Premier League.
The 51-year-old confirmed in January that he would leave Palace at the end of the season after two years in charge.
On Thursday, Forest confirmed Pereira’s coaching staff Filipe Almeida, Luis Miguel, Bruno Moura, Marco Knoop and Pedro Lopes had all left the club alongside the head coach.
Pereira, 57, was appointed Forest head coach in February on an 18-month contract which runs until 2027.
The Athletic reported in May Forest had been planning to show their faith in Pereira by handing the head coach a new long-term contract, but those talks were subsequently put on hold.
“Today marks the end of my journey as head coach of Nottingham Forest,” he said in his statement.
“I want to say a sincere thank you to everyone connected with this incredible football club. Although this decision came as a complete surprise to me and without any warning, I fully respect the club’s right to make the decisions it believes are best for its future.
“Naturally, I am disappointed and saddened. I truly believed in what we were building together, and I leave with a sense of pride in everything we achieved over the past months.
“Together, we enjoyed a memorable end to the season. We secured the club’s Premier League status, reached the semi-finals of the Europa League, and created moments that will stay with me forever. Most importantly, I saw a group of players grow in confidence, belief and togetherness.
“I leave Nottingham Forest with no bitterness or resentment—only respect, gratitude and wonderful memories. Football is full of unexpected moments, and while this chapter has ended sooner than I expected, I will always look back on my time here with pride and affection.”
The Portuguese succeeded Sean Dyche and was Forest’s fourth permanent boss of the season following the departures of Nuno Espirito Santo and Ange Postecoglou.
Nuno had led Forest to Europa League qualification the previous season but he departed in September, less than three months after signing a new deal. Postecoglou was appointed his replacement but was dismissed just 39 days later. Dyche took charge of the team in October before his dismissal in February.
Forest were three points above the relegation zone when Pereira was appointed and he subsequently steered his side to Premier League safety with two games of the campaign remaining.
His appointment marked his second managerial spell in the Premier League after guiding Wolverhampton Wanderers to safety during the 2024-25 campaign.
International News
Ronaldo Dismisses Sister’s Retirement Claim
Cristiano Ronaldo has publicly countered suggestions from his sister, Katia Aveiro, that he intends to retire from international football following the World Cup.
The Portuguese legend recently led his team to the round of 16 following a 2-1 victory over Croatia.
Ronaldo continued to be a pivotal player for his country, having scored the equalising goal from the penalty spot after going one goal down in the second half.
Following his goal, he became the oldest player to score in the knockout stage of the FIFA World Cup.
Reports from Portuguese media had quoted Aveiro stating that the current tournament would be Ronaldo’s final appearance for the national team.
Before the recent match against Croatia, Aveiro was quoted as saying, “From the information I have, from a reliable source, I believe that this is the last dance, so let’s enjoy it. I strongly believe this is the farewell.”
However, the football icon has made it clear that his focus remains solely on the present, not on his future.
“My future isn’t important right now,” Ronaldo stated. “I’ll have time; after winning or losing, I’ll talk to my family and then make the best decision.”
The legendary forward, who recently secured a trophy in Saudi Arabia, holds the record for both appearances and goals for his national team, with 146 goals in 232 caps.
International News
Match-Fixing: UEFA Slams Club With Europa League Ban
The UEFA Appeals Body has announced that Czech club Karvina is banned from participating in next season’s Europa League. UEFA made the decision based on competition regulations, ruling that Karvina “directly or indirectly participated in activities aimed at manipulating or influencing the results of domestic matches,” as stated in the official resolution.
As a result of this decision, Karvina’s spot as domestic cup winner will be taken by Viktoria Plzeň, with Viktoria Plzeň’s second qualifying round spot going to Hradec Králové. Jablonec will fill the vacant Conference League spot originally held by Hradec Králové.
In the Europa League, Hradec Králové will face Tromsø. In the Conference League, Jablonec will face Varaždin.
Viktoria Plzeň will learn their opponent in the Europa League playoff draw on Monday, August 3.
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