announces

May 5 (UPI) — Brian Armstrong, CEO of cryptocurrency exchange Coinbase, announced the company is downsizing about 14% of its workforce.

Armstrong posted a memo to employees on X saying he had made “the difficult decision to reduce the size of Coinbase” by approximately 14%, explaining it is the result of “two forces” that “are converging at the same time.”

The first of the “forces” at play is the current downturn in the crypto market, leading to a “need to adjust our cost structure now so that we emerge from this period leaner, faster and more efficient for our next phase of growth.”

The second reason cited by Armstrong is the rise of AI “changing how we work.”

“All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core,” Armstrong wrote.

Coinbase is scheduled to report its first-quarter earnings on Saturday, with shares up nearly 4% in premarket trading.

The announcement follows other companies including Block, Pinterest, CrowdStrike and Chegg making the decision to cut jobs as a result of AI integration.

Jet2 has issued a major announcement for British holidaymakers after its inaugural flight to the Greek island of Samos departed from Manchester Airport on Friday

Jet2 has announced a major “first” for the airline, in a huge boost to British tourists.

The airline revealed its inaugural flight to Samos departed from Manchester Airport on Friday, marking “the start of the brand-new Greek route for summer 2026”.

Jet2 says it will now be offering flights and holidays to the island. Samos is “for holidaymakers looking to discover the beautiful Greek island”, it says. The island lies just off the coast of Turkey and is renowned for its golden beaches as well as lush, mountainous landscapes.

Jet2 will operate twice weekly services on Tuesday and Friday until the end of October. The Manchester flight will be followed by one to Samos from Birmingham Airport on May 4, and another from London Stansted Airport on May 7.

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Weekly Monday services will operate from Birmingham until October 26, and twice weekly services on Monday and Thursday will go from Stansted until October 29, BirminghamLive reports.

Steve Heapy, CEO of Jet2.com and Jet2holidays, said: “As we commence our biggest ever summer programme to Greece, we are pleased to see our first flight to Samos take off from Manchester Airport for Summer 2026.

“We are already looking forward to seeing our first flights depart from a further two additional UK airport bases, offering customers and independent travel agents fantastic choice and flexibility when it comes to enjoying a sun-kissed holiday.

“Samos is a fantastic addition to our portfolio, and since putting these new flights and holidays on sale they have been proven very popular with holidaymakers looking for a laid-back Greek island experience.”

This comes following news that Italy and Portugal could follow Greece and ditch EU border checks at airports.

British holidaymakers have been suffering delays at airports on continental Europe because of the rollout of the EU’s Entry/Exit System (EES), which involves people from external countries such as the UK having their fingerprints registered and photograph taken to enter the Schengen Area.

More than 100 easyJet passengers stuck in delays at passport desks at Milan Linate airport missed a flight to Manchester last month. Greece has already ditched the new rules for UK holidaymakers until September after they led to huge queues.

Airports in Portugal are reportedly already waving passengers through if queues get too big. Italy is expected to follow Greece and allow people to enter on a passport stamp as the May half-term looms. Places like Spain, France and Croatia could do the same.

Two weeks ago, LIV Golf did its best to conceal the fact that the Saudi Public Investment Fund would cease to bankroll the league after the current season, only to have LIV CEO Scott O’Neill let the truth slip during a television interview.

This week, the intentions of PIF and consequences to LIV are known by all.

LIV Golf announced Thursday that it has established a new independent board that will attempt to keep the league afloat utilizing a “diversified, multi-partner investment model.” In other words, a model that doesn’t include PIF.

PIF Governor Yasir Al-Rumayyan no longer will serve as LIV Golf chairman, another unmistakable signal that the Saudi sovereign wealth fund worth an estimated $1 trillion is cutting ties with financially troubled LIV.

LIV Golf was supposed to be a key component in Saudi Crown Prince Mohammed bin Salman’s “Vision 2030” plan to diversify the kingdom’s economy away from oil. PIV lured megastar golfers Phil Mickelson, Jon Rahm, Bryson DeChambeau, Dustin Johnson and others away from the PGA Tour by shoveling hundreds of millions of dollars into their bank accounts.

Al-Rumayyan, Prince bin Salman’s trusted technocrat, was charged with implementing the plan, but LIV Golf has failed to attract significant viewership or commercial sponsors despite innovations such as a 54-hole format and a team model.

When LIV and the PGA Tour came to a short-lived, tentative agreement to end pending litigation and potentially join forces in 2023, Al-Rumayyan was a key figure in the negotiations.

A last-ditch effort to broker a merger between the rival leagues took place in the White House in February 2025 when President Trump hosted Al-Rumayyan, PGA Tour commissioner Jay Monahan and Tiger Woods. No agreement was reached.

Now, apparently, PIF will attempt to turn its attention to initiatives that don’t bleed billions. The fund has invested more than $5 billion into LIV Golf since it was launched in 2022 and is reportedly spending $100 million per month this year.

The wealthy but suddenly unmoored LIV golfers have been left to scramble like a weekend hacker trying to salvage a bogey after chipping into a sand trap.

LIV Golf Louisiana announced that the tournament scheduled for June 25-28 in New Orleans has been postponed. A new date hasn’t been set. However, an official told ESPN on Thursday that next week’s tournament at Trump National Golf Club outside Washington, D.C., will take place as planned.

Six other tournaments remain on the schedule that concludes with LIV team championships on Aug. 27-30 at The Cardinal at Saint John’s in Michigan. Tournaments outside the United States are scheduled for South Korea, Spain and Great Britain.

Hired Thursday to come up with a financial model to keep LIV afloat sans PIF are Gene Davis and Jon Zinman, described in a LIV statement as “seasoned experts with proven track records of navigating complex situations and unlocking value for global organizations.”
 
LIV Golf’s contorted spin on acknowledging that PIF will no longer subsidize the league was a statement saying it will focus on ”securing long-term financial partners to support its transition from a foundational launch phase to a diversified, multi-partner investment model.”

Davis, the newly appointed chairman of the LIV Independent Directors Committee, sees opportunity in the face of a PIF-less future.

“LIV Golf has built something truly differentiated — a global league with passionate fans, world-class talent, and demonstrated commercial momentum,” he said in a statement. “The executive leadership team, along with Jon and I, see a clear opportunity to help the league formalize its structure, attract and secure long-term capital, and position the business for growth while continuing to promote the game across the world.

“ We look forward to positioning LIV Golf for future success.” 

Chelsea captain Millie Bright has retired from football with immediate effect.

The 32-year-old made 294 appearances for the Blues after joining from Doncaster Belles in 2015 and also won 88 caps for England.

The defender won eight Women’s Super League titles with the Blues – including six in a row between 2020 and 2025 – as well as six FA Cups and four League Cups.

But the former England defender has not featured for the Blues since February because of an ankle injury and has decided now is the time to end her career.

‘Representing Chelsea over the last 12 years has been everything to me, but I’m now ready to say goodbye to playing football,” said Bright.

“I’ve given all I can, and I never wanted to fight for any other badge.

‘It is now time, and I’m ready to go into a new era. I’m always going to be Chelsea, but just in a different way.”

The AIG Women’s Open has increased its prize fund for a sixth successive year despite not being a profitable tournament to stage.

This year’s championship, which is being held from 30 July – 2 August at Royal Lytham & St Annes on the Lancashire coast, will have a record purse of $10m (£7.4m).

It is not the only one of the five annual women’s majors taking advantage of sponsorship deals to offer increasing prize money. The US Women’s Open – which last year had the largest prize fund in the women’s game at $12m – has the backing of Ally Financial.

“At the moment it’s not profitable,” said R&A chief executive Mark Darbon.

“We treat it as an investment into the game, but an absolutely critical investment.

“Our focus actually is around audience growth. We think if we’re going to be true to that notion of inspiring millions of people around the world, we need to grow the audience for this championship and the women’s game more broadly.”

Around 50,000 spectators are expected to attend across the week of what will be the 50th Women’s Open, while Darbon pointed to increased television coverage as a way of boosting the game’s profile.

The $10m prize fund lags behind the $17m shared out between the players at last year’s Open Championship and while Darbon would like to see that levelled in the future, he said the R&A had to “think sustainably”.

“There is a commercial reality. We’re investing collectively, AIG and the R&A, significant sums into the championship, and we want to do that in a responsible way.

“So we’re not in a position to have equal prize funds at the moment, but we will look to continue to elevate our prize fund over time.

“We want to reward the stars of our sport. We have to do that in a sustainable fashion.”

Darbon said it would be possible to make the championship profitable by cutting back on the spend but that was not on his agenda.

“If profitability was our number one ambition for this event, there are a number of things we could do to put us on a path to achieving that result.

“At the moment, profitability is not a principal target for us. We want to deliver brilliant venues and a wonderful experience for the players.

“We want to have a meaningful and growing prize pot, and we want to deliver a spectator experience both live and through broadcast and digital channels that inspires and excites people.”

Darbon also announced that the 2028 Women’s Open would be held at Sunningdale’s Old Course in Surrey.

Unlike the men’s Open Championship, the women’s visits inland courses as well as links courses on the coast.

“The Open and Women’s Open have their own discrete identities,” he said.

“We don’t treat them as one, and therefore we don’t treat the venue selection process as one either.

“We are very focused on taking this event to what we regard as some of the world’s very best courses.”

Allyson Felix is attempting a comeback at age 40 that could give her a chance to add to her Olympic-record medal haul two years from now in Los Angeles.

Felix, a mother of two, told Time magazine she thought about coming back some four years after calling it quits and decided: “Let’s go after the thing. Let’s be vulnerable.”

“You know, at this age, I should probably be staying home and taking care of my kids, doing all that. And just, why not? Let’s flip it on its head,” she said.

Felix has won 11 Olympic medals — the most by any woman in track — and has a record 20 medals from world championships.

She is a seven-time Olympic champion, with six in the relays and her lone individual gold coming in the 200 meters at the 2012 London Games.

Before retiring in 2022, she became an outspoken advocate for athletes who become mothers and want to keep their careers going.

Felix, who landed a spot on the IOC Athletes’ Commission in retirement, has two kids — 7-year-old Camryn and 2-year old Trey.

She said she expects to start full-time training with her coach, Bobby Kersee, in October with the goal of competing in 2027. The Olympics will be in her hometown a year later.

“I totally get the person who sticks around too long and you’re like, ‘What are they doing?’” Felix said. “I know, at 40, I am not at my peak. I have no illusions about that. I’m very clear in what it is and what I want to see. And so I hope it’s seen that way.”

Karol G is taking her 2025 album, “Tropicoqueta,” worldwide.

After wrapping two bombastic headlining sets at Coachella this year, the Colombian superstar announced a stadium world tour on Instagram Tuesday morning.

The “Viajando Por El Mundo Tropitour” will kick off July 24 at Chicago’s Soldier Field. The “Provenza” artist will then head out to Las Vegas on Aug. 7 before making a stop at SoFi Stadium in Inglewood on Aug. 14. She’ll grace California with one more performance on Aug. 21 at Levi’s Stadium in Santa Clara.

The 35-year-old singer will wrap up the U.S. leg of her tour with a performance in Dallas on Oct. 15 before commencing the international section of the tour in Monterrey, Mexico, on Nov. 6. This string of shows is scheduled to finish exactly a year after commencing, with a July 24, 2027, set in Milan, Italy.

Karol G was the first Latina to headline Coachella in the desert fest’s 27-year history. She was only the second Latin music artist to get top billing at the event, with Bad Bunny being the first to ever do it with his 2023 headlining performances.

“This is for my Latinos that have been struggling in this country lately,” she told her fans during her history-making performance. “We stand for them. I stand for my Latina community. I am very proud because this brings out the best in us: unity, resilience and a strong spirit. We do this because we want everyone to feel welcome to our culture, so I want everyone to feel proud of where you come from.”

During her Coachella shows, which took place across two weekends in April, she brought out a cavalcade of guest performers — including L.A.’s own Becky G, the Colombian reggaeton revivalist J Balvin and Greg Gonzalez from Cigarettes After Sex.

The “Si Antes Te Hubiera Conocido” artist first teased that she’d be embarking on a tour at the end of her set during the second weekend of Coachella. Text reading “Nos Vamos de Tour” (We’re going on tour) was displayed as she played her final song.

Transit fares from New York to MetLife Stadium in New Jersey for World Cup matches will rise to $150, with officials citing costs not covered by FIFA, drawing criticism as other host cities kept prices lower for years.

The budget airline made the announcement saying the move was a ‘milestone’

Passengers travelling on easyJet have been told a major change will improve their choice.

The budget airline has announced it will start offering six new routes to travellers. This includes two connections between the UK and Morocco. This month, easyJet officially opened its new three-aircraft base in Marrakech, Morocco, a development expected to generate approximately 100 new jobs. This coincided with the unveiling of six new routes to Morocco for next winter.

These include Newcastle to Marrakech, launching in November, and Birmingham to Agadir. The additions bring the total number of routes to Morocco to 58, including 30 to Marrakech.

Kenton Jarvis, CEO of easyJet, said: “We couldn’t be happier to launch our base in Morocco for our 20th year of operations in the country and to mark the milestone of 20 million passengers flown over that time.

“This is a milestone for our development in the region, providing more travel opportunities than ever before for our airline and holidays [for] customers, while contributing to the local economy through tourism and the jobs we are creating.”

New winter routes now on sale

• Prague – Marrakech, will be operated from 25 October, two times a week (Wednesday and Sunday)
• Newcastle – Marrakech, will be operated from 3 November 2026, two times a week (Tuesday and Saturday)
• Zurich –Marrakech, will be operated from 28 October 2026, two times a week (Wednesday and Saturday)

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New winter routes coming on sale later this spring

• Nantes –Essaouira
• Bordeaux – Agadir
• Birmingham – Agadir

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New routes launching this summer

• Hamburg–Marrakech launches 1 May 2026, twice a week (Tuesday and Friday), extended year-round with two flights per week during winter
• Lille–Marrakech will be operated from 3 May 2026, twice a week (Wednesday and Sunday)
• Strasbourg–Marrakech will be operated from 3 May 2026, twice a week (Thursday and Sunday)
• Geneva–Tangier will be operated from 30 March 2026, twice a week (Monday and Thursday)