Business
Bayern Munich Set to Begin Formal Contract Extension Talks With Harry Kane, Whose Deal Expires Very Soon
Bayern Munich are preparing to open formal negotiations with striker Harry Kane over a new contract, with the England captain‘s current deal set to expire at the end of next season, according to reports from BBC Sport.
Kane, 32, is aware of the German champions’ intention to secure his long-term future in Munich, with detailed discussions expected to progress in the coming weeks. The move comes despite continued interest from other top European clubs, with Kane reportedly settled in Germany and showing no inclination to leave.
A prolific record in Munich
Since joining Bayern from Tottenham Hotspur in the summer of 2023 in a deal reportedly worth an initial 100 million euros, or roughly £86.4 million, Kane has established himself as one of the club’s most productive strikers in recent memory. He has scored 146 goals in 147 appearances for Bayern, a rate of production that has made retaining him a clear priority for the club’s leadership.
That success has translated into team trophies as well. Kane has helped Bayern win two Bundesliga titles and the DFB-Pokal since arriving in Munich, giving him the domestic silverware that eluded him for much of his career in England. This past season alone, he scored 61 goals across all competitions for Bayern before adding six more for England during the 2026 World Cup.
Fending off interest from elsewhere
Kane’s productivity has continued to attract interest from other clubs, including Barcelona and Saudi Arabian side Al-Hilal. According to Goal.com, however, Kane remains fully settled in Munich and is not currently considering a move elsewhere. His decision to prioritize a Bayern extension effectively rules out the widely speculated possibility of a return to the Premier League, whether to Tottenham or another English club.
A trade-off with the Premier League scoring record
Staying in Germany carries one significant personal cost for Kane: it likely ends his realistic chances of ever breaking Alan Shearer’s Premier League scoring record. Shearer holds the all-time record with 260 league goals, while Kane finished his Tottenham career with 213 Premier League goals, sitting 47 behind Shearer’s mark. By committing his long-term future to Bayern rather than returning to England, Kane is effectively setting aside any pursuit of that individual milestone in favor of continued team success in Germany and a shot at the trophy that has so far eluded him: the Champions League.
A deliberately unhurried process
Kane and Bayern have taken a notably measured approach to contract discussions throughout the year, with both sides indicating there was no urgency to rush a deal. Speaking in May after helping Bayern win the DFB-Pokal with a hat-trick in the final against VfB Stuttgart, Kane made clear that formal talks would wait until after the World Cup. “It’s not the time to talk about that now, but there’s no panic,” Kane told Sky Sport DE at the time. “We wanted to hold conversations until the end of the season and we’ve got a World Cup still to play. But everyone knows how much I enjoy it here. That situation is calm.”
Bayern’s leadership echoed that unhurried stance earlier in the year. Sporting director Max Eberl confirmed discussions were underway at a Bundesliga event, saying simply, “We’re talking to Harry, we’re talking,” and adding, “Everyone knows at some point a decision has to be made.” Bayern chief executive Jan-Christian Dreesen offered further reassurance about the club’s confidence in reaching an agreement, saying, “Harry has great confidence in us and he feels comfortable in Munich. He and his family are settled in. Therefore we’ve got absolutely no reason to rush.”
Cautious notes on contract length
Not everyone connected to the club has been fully bullish on the length of any new deal, given Kane’s age. Former Bayern midfielder Dietmar Hamann offered a more measured outlook on how long an extension should run. “He still has a year left on his contract. I think they are talking about two or three years, and I’d be a bit cautious because he’s now 33,” Hamann said. “The question is: How much longer will he keep scoring goals?” Hamann added that a shorter extension made more sense to him, saying, “A one-year extension, yes. Two years, possibly. Three years would be too much in my opinion,” while also praising Kane’s broader impact on the club and the league. “People are very happy with him. He’s a great ambassador for football. It’s an honour for the Bundesliga and for Bayern Munich that the England captain plays here.”
Kane’s own reflections on the move
Kane has previously spoken warmly about his decision to leave the Premier League for Bavaria, describing it as one of the most rewarding choices of his career. “The move has been one of the best decisions of my life,” Kane said at the end of last year. “To experience a new league, a team like Bayern Munich, these European nights, the atmosphere in the German league, has been a great step in my career and helped me improve as a player. I’m quite open to staying longer. The way we are right now and the way we are playing, I feel we are one of the best teams in Europe, for sure. I don’t look at any other team and think, ‘I want to go there.’ I’m really happy here.”
With formal discussions now set to begin, Bayern are aiming to finalize a new agreement with Kane before the club’s fixture schedule becomes more congested heading into the new season. Securing his signature would allow the club to build its continued push for domestic dominance and a long-sought Champions League title around its most prolific attacking option, while giving Kane the stability to continue chasing team silverware in Munich rather than pursuing individual scoring records back in England.
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Earnings call transcript: Ovintiv tops revenue in Q2 2026, shares rise

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Business
Ford Recalls More Than 565,000 Bronco and Bronco Raptor SUVs in US Over Engine Compartment Fire Risk
Ford Motor Co. is recalling more than half a million Bronco and Bronco Raptor SUVs in the United States after determining that a wiring harness in the engine compartment can become damaged and short circuit, potentially increasing the risk of an engine fire, according to the National Highway Traffic Safety Administration.
The recall covers 565,691 vehicles, spanning Bronco and Bronco Raptor models from the 2021 through 2026 model years, according to NHTSA. Ford first reported the issue to the agency on July 20.
What’s wrong with the vehicles
According to safety documents filed with NHTSA, the primary wiring harness located inside the engine compartment of the affected vehicles is prone to premature wear and physical damage over time. That wear can eventually cause the electrical wiring to experience a short circuit. Because the engine bay is a tightly packaged space, a short circuit occurring there can generate excessive heat or produce sparks almost instantly. Under certain conditions, those sparks or heat sources can ignite nearby grease, plastic components or fuel vapors, significantly increasing the risk of a fire in the engine compartment.
Which vehicles are affected
The recall spans the entire production run of the current, sixth-generation Ford Bronco, covering specific production configurations of the standard Bronco across the 2021 through 2026 model years, as well as the high-performance, wide-body Bronco Raptor variant across the same production window. Ford has estimated that approximately 1% of the recalled vehicles actually contain the wiring harness defect, though the company is recalling the full population of eligible vehicles out of caution given the difficulty of identifying which specific units are affected without individual inspection.
How Ford is fixing the issue
As part of the recall remedy, Ford is directing dealers to inspect the factory wiring loom in each affected vehicle and install a new, heavy-duty protective sheathing layer over the vulnerable sections of the harness. According to Yahoo Autos, this specialized protective sleeve is designed to act as a barrier, isolating the live electrical wires and shielding them from the kind of friction or heat-related grounding faults that can lead to a short circuit. NHTSA confirmed that dealers will perform this repair free of charge to vehicle owners.
When owners will be notified
Official recall notification letters are scheduled to begin arriving in customer mailboxes starting Aug. 24, 2026, according to Yahoo Autos. In the meantime, owners concerned about whether their specific vehicle is included in the recall can check immediately by looking up their 17-digit Vehicle Identification Number through the online recall portal at NHTSA.gov.
Recall identification numbers
For reference, Ford’s internal recall number for this campaign is 26S55, while NHTSA’s official recall campaign number is 26V468. Vehicle identification numbers tied to the recall are searchable directly through NHTSA’s website using either of those reference numbers.
What owners should do
Owners of eligible Bronco and Bronco Raptor models are encouraged to contact their local Ford dealership to schedule the wiring harness inspection and, if necessary, the sheathing installation, even before receiving their official notification letter in the mail. Because the repair is being performed at no cost to owners, there is no financial barrier to having the inspection completed proactively, particularly given the safety concern involved.
Owners who notice unusual smells, visible smoke, or other warning signs potentially associated with an engine compartment electrical issue are advised to contact their dealer promptly and avoid operating the vehicle until it has been inspected, given the specific fire risk outlined in the recall notice.
Part of a broader pattern of recalls in the auto industry
The Bronco recall adds to a steady stream of vehicle safety recalls issued across the auto industry so far this year, reflecting the ongoing scrutiny automakers face over wiring, electrical and mechanical defects that can pose fire or safety risks to consumers. NHTSA continues to monitor and investigate a wide range of potential vehicle defects across manufacturers, with wiring harness issues in particular representing a recurring category of concern given the complexity of modern vehicle electrical systems and their proximity to heat-generating engine components.
Ford’s broader Bronco lineup
The Bronco, relaunched by Ford in 2021 after a lengthy hiatus from the model name, has become one of the automaker’s more prominent SUV offerings in recent years, drawing comparisons to rivals like the Jeep Wrangler in the off-road-focused SUV segment. The high-performance Bronco Raptor variant, aimed at a more extreme off-road audience, commands a significant price premium over the standard Bronco and has developed its own dedicated following among off-road enthusiasts since its introduction.
Given the recall’s scope, covering the entire production run of the current-generation Bronco since its 2021 relaunch, the issue touches a substantial share of the vehicles Ford has sold under the Bronco nameplate to date.
With notification letters set to begin going out next month, Ford and its dealer network are expected to spend the coming weeks and months working through the population of more than 565,000 affected vehicles, prioritizing inspections and repairs for owners who reach out proactively or who report symptoms consistent with the wiring defect. NHTSA will continue monitoring the rollout of the recall remedy and tracking any additional complaints or incidents tied to the issue as Ford works to complete repairs across the affected fleet.
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JPMorgan Chase Preferreds: Why It Might Be Better To Avoid High-Coupon Fixed-Rate Preferreds At Present
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Slideshow: Confectionery-centered innovations

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Business
Scotch whisky levy lifted as Trump imposes new wave of US tariffs
First Minister John Swinney said: “This a win for Scotland and a win for the United States.”
“It benefits businesses and workers on both sides of the Atlantic, and not just among whisky producers, but also the businesses and communities that support the sector across Scotland.”
Trump’s announcement in April that he would drop whisky tariffs had sparked a row over who was able to claim credit for changing his mind.
Swinney said he had raised the issue with President Trump during a previous meeting in the Oval Office.
But political opponents accused him of taking credit for the deal over King Charles.
The first minister said it had come courtesy of the “remarkable contribution of the King” and a “Team Scotland” approach.
He added: “We were able to partner with the bourbon industry in the United States, raise the issue with President Trump in the Oval Office, and get this issue on his agenda.”
Business
10 Things You Need to Know About Apple’s iOS 27, From Siri AI to Parental Controls in This Fall’s Update
Apple’s next major iPhone software update, iOS 27, is now in public beta testing ahead of its expected release this September, bringing a rebuilt version of Siri, expanded Apple Intelligence features and a range of refinements across the operating system. Here’s what iPhone users need to know about the update before it arrives.
1. It was unveiled at WWDC in June
Apple officially announced iOS 27 during the keynote presentation at its Worldwide Developers Conference on June 8, 2026, alongside companion updates including iPadOS 27, macOS Golden Gate, watchOS 27, visionOS 27 and tvOS 27. The conference ran from June 8 through June 22, with iOS 27 headlining much of the software-focused announcements.
2. A public beta is already available
Apple released the first public beta of iOS 27 on Monday, July 13, giving everyday users, not just registered developers, an early chance to test the new software ahead of its official release. A second public beta followed just nine days later, on July 22, according to 9to5Mac. Compared with prior years, iOS 27 has been described as one of Apple’s more stable betas, though the company continues to caution against installing beta software on a primary device, particularly one relied upon for health-tracking apps.
3. The public release is expected in September
While Apple has not confirmed an exact release date, the company has historically launched new iOS versions during the second week of September alongside new iPhone hardware. Based on that pattern, Macworld has projected Monday, Sept. 14, as a likely release date for iOS 27, timed to coincide with the launch of Apple’s newest iPhone lineup.
4. Siri is getting a complete overhaul
The centerpiece of iOS 27 is a rebuilt version of Siri, referred to internally as Siri AI, which uses generative AI technology to behave far more like a conversational chatbot than the voice assistant Apple has offered in the past. According to MacRumors, the new Siri can hold full back-and-forth conversations and draw on a user’s personal data to complete more complex, multistep tasks, functioning more similarly to AI assistants like ChatGPT or Claude than previous versions of Siri.
5. Not every iPhone will get every feature
While iOS 27 itself will be compatible with every iPhone that currently supports iOS 26, reaching all the way back to the iPhone 11, access to the newest AI-powered features will vary significantly by device. Apple Intelligence and Siri features generally require an iPhone 15 Pro or later, while more advanced capabilities, including on-device processing for improved dictation and a customizable Siri voice, are limited specifically to the iPhone 17 Pro and iPhone Air. The iPhone 15 and older models will not have access to any Apple Intelligence features at all.
6. Siri AI won’t launch everywhere at once
Due to regulatory constraints, Siri AI will not be available in the European Union on either iPhone or iPad at launch, according to PhoneArena, meaning users in that region will need to wait for a later rollout of the feature even after it becomes available elsewhere.
7. Safari is getting smarter tab management
Among the more practical Apple Intelligence additions in iOS 27 is a new capability in Safari that automatically sorts open browser tabs by topic, grouping related tabs together and allowing users to save those groupings for later. A companion “Notify Me” feature lets users flag a specific tab for ongoing monitoring, with Apple Intelligence alerting them automatically when something on that page changes, removing the need to manually check back.
8. Passwords and Messages get AI assistance too
Apple’s Passwords app in iOS 27 will be able to use Apple Intelligence in combination with Safari to automatically upgrade eligible accounts to stronger passwords, logging in and making the change on the user’s behalf without requiring manual intervention. Separately, in Messages, Apple Intelligence will be able to pull context from ongoing conversations and surface suggested actions based on what’s being discussed.
9. Parental controls are expanding significantly
iOS 27 introduces new “Ask to Buy” and “Ask to Browse” features that require children to obtain parental permission before downloading any app or visiting a new website in Safari, according to MacRumors. Parents will also gain the ability to manage their child’s contact list directly and require approval before a child can contact someone new. Separately, the update’s Communication Safety feature, previously focused on blocking nudity in Messages and FaceTime, will now also block graphic gore and violence.
10. The visual design stays largely the same
Unlike last year’s iOS 26, which introduced Apple’s “Liquid Glass” visual redesign across the operating system, iOS 27 does not represent another major visual overhaul. Instead, PhoneArena described this year’s update as more of a refinement pass on the Liquid Glass aesthetic Apple introduced previously, with most of the year’s headline changes centered on functionality, AI capabilities and performance rather than a fresh visual identity.
Additional features worth noting
Beyond the headline changes, iOS 27 includes a range of smaller updates. A new wallpaper extension feature uses Apple Intelligence to automatically expand a photo beyond its original frame so it fills the entire Lock Screen more naturally, according to MacRumors. The Wallet app is also gaining expanded support for more types of digital passes beyond the airline boarding pass upgrades introduced in iOS 26. For users on paid iCloud+ storage plans, iOS 27 unlocks additional perks, including increased daily usage limits for certain Apple Intelligence features, such as the revamped Image Playground tool, along with expanded access to some advanced Apple Intelligence capabilities in the Home app, though those specific features require a 2-terabyte iCloud+ tier or higher.
With the public beta already in its second iteration and additional beta releases expected throughout the summer, Apple is expected to continue refining iOS 27 in the weeks ahead before its anticipated public release alongside new iPhone hardware this September. Users curious about the update can join the public beta program now through Apple’s official beta software site, though the company continues to recommend testing beta software on a secondary device rather than a primary iPhone relied upon for daily use.
Business
Faisal Islam: The UK’s Trump trade deal no longer looks world-beating
It has been a long road for President Donald Trump as he looks for a justification to erect a tariff wall around the US, including against key allies.
From the opioid crisis to illegal migration, then the need to bring manufacturing back to America’s shores, the list goes on.
Through Trump’s second term, there has been a new justification almost every month for the trade levies he is seeking to place on allies.
Some have been overturned by the courts, others by economics and some even by their own logic. And so, Trump has now turned to effectively accusing dozens of trade partners of trading in goods that have been produced using forced labour.
These are “tariffs in search of an authority”, as one industry figure put it. The forced labour line shores up President Trump’s tariffs against a challenge from Congress or the courts.
In practice, the levies are curiously similar by country to a previous round of tariffs imposed supposedly for completely different reasons.
The good news for the UK is that the regime effectively remains the same as before.
What has changed is that our nearest neighbours in the European Union now have a much better deal than before, and in turn are in a better situation than the UK.
While the UK and the EU each appear to have a 10% rate, the EU’s is a flat rate, while the UK’s will apply alongside other tariffs, in a range of goods including footwear and textiles.
The government has struck effective side deals on medicines, steel, aluminium, cars and, with the help of King Charles, whisky.
At the end of this process however the overall trade-weighted effective tariff rate for the EU (8.5%) could end up a bit lower than the UK’s (6.8%).
It should not matter that much, but the help given by doing the first deal, and by post-Brexit trade freedoms, looks to have been short-lived.
The British Chambers of Commerce trade expert William Bain points to the competitive advantage for EU exporters into the US in some sectors.
The EU has secured better treatment because it has passed a ban on forced labour goods, which the UK has not.
This is not an accusation on the use of forced labour in supply chains. It is about the passing of specific legislation, mirroring the US ban on products that have used forced labour in supply chains.
Business
Skims opens first UK store on Regent Street
A shop unit that sat empty after one of Britain’s best-known high street names collapsed has a new tenant, and it says a good deal about where physical retail is heading.
Kim Kardashian’s shapewear and swimwear label Skims has opened its first standalone UK store on Regent Street, taking the 12,000 sq ft former Ted Baker flagship at 245-247 on a ten-year lease with landlord The Crown Estate.
The brand, valued at $4billion (£3billion) after a 2023 funding round, celebrated its grand opening today, with shoppers queuing for its bestselling styles. It marks Skims’ first international flagship and its first permanent standalone shop in the UK, having previously traded here only through pop-ups and concessions.
For UK business owners, the detail worth noting is not the celebrity. It is the commitment. A digitally native brand that could sell perfectly well online has signed a decade-long lease on one of the country’s most expensive retail streets, betting real money that a bricks-and-mortar presence still earns its keep.
That the unit was Ted Baker’s makes the point sharper. The British label fell into administration last year and closed its remaining UK stores, leaving prime space dark. Watching an American challenger fill it is a reminder that a struggling incumbent and a healthy high street are not the same thing. Location still commands a premium when the offer is right.
Jens Grede, Skims co-founder and chief executive, told The Times: “Launching a standalone Skims store on London’s Regent Street is a pivotal step in our global expansion.
“This iconic location allows us to forge a deeper, more personal connection with our UK customers, delivering the full Skims experience in a world-class retail destination with authenticity and vision at the heart of our brand.”
The company was founded seven years ago by Kardashian alongside British entrepreneur Emma Grede and her Swedish husband Jens Grede. Grede, who grew up in east London, has become one of the more instructive case studies for founders, having also co-founded Khloe Kardashian’s Good American and Kris Jenner’s Safely. Skims posted revenue of $750million (£570million) in 2023 and helped make Kardashian a Forbes billionaire in 2021.
The Regent Street site sits among a run of recent openings including Antler, Max&Co, Penhaligon’s, Michael Kors, Gant and Lululemon, part of a deliberate curation strategy by The Crown Estate, whose West End portfolio has been throwing off record profits. That clustering matters for smaller traders nearby: anchor names pull footfall that independents and cafes then convert.
Laura Thursfield, The Crown Estate’s retail leasing director, said the arrival “will enhance the diversity of the wider retail and leisure offering, boosting both footfall and commercial activity in the West End by driving different audiences towards the world-class destination that is Regent Street”.
Robert Norton, Skims chief commercial officer, called the opening “a landmark moment”, adding: “This milestone reflects our strategic focus on expanding into key global markets.”
Skims already stocks through Selfridges and Harrods, and earlier reported plans confirmed the Regent Street move back in May 2025. The lesson for UK retailers is not that everyone needs a flagship. It is that the best physical locations remain a scarce, valuable asset, and that the brands winning right now are treating stores as a growth channel rather than a cost to cut.
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