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“Queens of global soccer” Chelsea will become a “billion-dollar franchise”, according to new co-owner Alexis Ohanian. The Reddit founder has bought an 8-10% stake believed to be worth about £20m in the domestic treble winners – an investment Chelsea manager Sonia Bompastor called a “game-changing endorsement”. Ohanian, who is married to former tennis player Serena...

The Billion Dollar Weather and Climate Disasters database has been around since 1980. A key database measuring the economic impact of large-scale disasters is being terminated by the Trump administration, dealing a severe blow to the tracking of extreme weather events that has existed for decades. The National Oceanic and Atmospheric Administration’s (NOAA) Billion Dollar...