Business

A new study suggests one in four workers are travelling more for business than before the pandemic, with many embracing the new ‘bleisure’ trend.

A quarter of workers are now travelling more for business than they did before the pandemic, research has revealed. A study of 2,000 adults who have previously travelled for work discovered 18% have undertaken 12 or more business trips in the past year.

During that period, the busiest months for travel were May, September and April, with the average employer willing to splash out £165 for accommodation. Meanwhile, £68 was the average daily allowance for meals and transport.

The research was commissioned by Hotels.com, which has introduced a new business travel experience through its app to make work trips quicker and simpler to arrange.

The app allows business travellers to save work-trip preferences, locate business-ready hotels, rebook favoured stays and earn rewards on corporate trip.

The study also forms part of the global marketplace’s Booked for Business report, which discovered 48% of workers believe the finest business travel destinations combine work and leisure, reflecting what it describes as “the growing importance of ‘bleisure’ travel”.

According to those surveyed, cities London, New York and Paris epitomise this ‘bleisure’ travel trend the most, making them the optimal destinations for work-related travel.

Business travellers are also placing greater emphasis on the benefits they receive when travelling for their jobs – with 26% revealing they make a hotel stay “great.”

These include a complimentary breakfast (51%), room upgrades (32%) and flexible check-in (26%).

But when it comes to completing the job, 57% said access to high-speed Wi-Fi is a crucial priority.

Melanie Fish, travel expert and spokesperson for Hotels.com, said : “Business travel is no longer just about getting from one meeting to the next. Travellers want a hotel and destination that can keep up with both sides of their personality.

From high-speed Wi-Fi and an early breakfast before a big presentation to a great location and a comfortable place to unwind afterwards.”

Aug. 31 (UPI) — Finance ministers and other officials from the Group of 20 nations, as well as many CEOs, met Monday in Asheville, N.C., at a summit in which U.S. leaders intended to focus on growth and Iran — but also drew protests from other leaders for the inclusion of the Russian minister.

U.S. Treasury Secretary Scott Bessent told officials that the United States wants to focus on the mission of accelerating growth and said the countries need to work together

“The world is awash in debt, and the only way for us to get out of this is to grow our way out of this,” Bessent said, CNBC reported.

He also said a “durable” global economy” cannot rest on “beggar-thy-neighbor acts that stifle fair, market-based competition,” The New York Times said.

In introductory comments, U.S. Federal Reserve Chairman Kevin Warsh also focused on growth, saying the time is one of “secular growth.”

“If I were to try to characterize this moment, it would be one of a global investment surge,” he said.

Bessent said earlier Monday in a CNBC interview that the U.S. plan to pressure and isolate Iran through its economy can work without China, which opposes the sanctions. He is expected to ask the other finance ministers to join in those sanctions.

Russian Finance Minister Anton Siluanov was at the meeting — at the invitation of the Trump administration — for the first time since Russia’s invasion of Ukraine in 2022.

This drew protests from other European ministers, who have issued their own sanctions against Russia for that war. Finance Minister Lars Klingbeil told The Times that he scolded Siluanov over the war and said the European ministers demanded the Russian minister be left out of a traditional group photo. It was eventually taken without Siluanov.

“Receiving the Russian finance minister here sends a signal I find troubling,” he told reporters. “I would have preferred clear positioning from the U.S. side that he not be received like a regular guest.”

Ukraine’s finance minister was not present in person at the meeting.

In addition, European ministers protested that the United States did not invite representatives from South Africa, a G20 country, to the meeting. Trump administration officials also invited many U.S. business executives but denied requests to include business leaders from other G20 countries.

Unai Emery has insisted that there are no “good relations” between Chelsea and Aston Villa after a series of transfers between the clubs.

On Sunday Argentina goalkeeper Emiliano Martinez joined Chelsea from Villa, completing the eighth deal between them in the past four years.

Martinez’s move to Chelsea comes after Nicolas Jackson’s transfer the other way last week.

No two Premier League clubs have exchanged more players, on permanent or loan deals, in the past four years.

But Villa boss Emery said the relationship between the two clubs is “only through the deals for money”.

“Good relations?” he said. “They want to kill us and we want to kill them!

“We have good players and we can sign one player off them, it’s not a good relationship – it’s a deal for money and a deal for players.

“I am happy for Emiliano Martinez and Morgan Rogers and I know I am not happy for Chelsea.”

A series of deals betwen the clubs began after Chelsea‘s owners, BlueCo, took control of the club in 2022 and signed Carney Chukwuemeka from Villa for £20m that summer. Ian Maatsen (£37.5m, to Villa), Omari Kellyman (£19m, to Chelsea) and Axel Disasi (a £5m loan deal, to Villa) subsequently moved between the clubs.

This summer alone has brought four more deals. Morgan Rogers completed a £117m move Chelsea, while Alejandro Garnacho joined Villa on loan with a conditional obligation to buy in a deal worth around £43m.

Jackson then moved to Villa for £65m, before Martinez followed.

Since 2022, Chelsea have paid Aston Villa £163.5m for players. Villa have spent £102.5m on Chelsea players including Axel Disasi’s loan fee. That figure could rise to £150.5m should certain criteria be met to make Garnacho’s loan move permanent. Chelsea believe the terms are easily reachable.

An aspiring Los Angeles-area rapper was arrested on Wednesday and charged in connection with a multimillion-dollar check-cashing scheme, according to the U.S. Department of Justice.

Ada William Obayuwana of Quartz Hill, who goes by “ColdheartedAC” and “AC,” and two others were charged in a 25-count federal grand jury indictment alleging that they illegally possessed more than 50 stolen U.S. Treasury checks and hundreds of other checks belonging to individuals and businesses worth more than $8.1 million, then cashed or attempted to cash them at lenders throughout Southern California.

Albert Tai Vu, of Westminster, and Cassandra Marie Murrillo, of San Diego, are the other two defendants charged in the case.

According to the indictment, between April 2022 and December 2023, the trio obtained the stolen checks, some containing tax refunds and veterans’ and Social Security Administration benefits, then forged endorsements or modified names and addresses to steal the money.

The trio is accused of opening bank accounts to receive the money. They also used business documents to impersonate the identities of the victims connected to the stolen checks and deposited the money into bank and credit union accounts across Los Angeles, Orange and San Diego counties, the indictment says.

During this period, Obayuwana allegedly tried to cash at least three Treasury tax refund checks worth $382,109 and was successful in cashing one, withdrawing $229,109, federal authorities allege.

In December 2023, Obayuwana “possessed in his car in Oceanside more than 100 stolen or fraudulent checks, cumulatively worth more than $6.1 million,” states the indictment. Among the checks were 48 stolen Treasury checks worth some $2,555,417 in tax refunds, veterans’ benefits,and Social Security benefits.

Obayuwana was able to cash eight of them worth about $1.7 million, according to federal investigators.

Vu tried to cash at least six Treasury checks totaling $2.15 million and successfully cashed two tax fund refunds worth $772,159, the indictment says. He also allegedly cashed a pair of cashier’s checks, each valued at $250,000, at an Anaheim bank and used money from one to buy a Range Rover and the second to pay Murillo.

Murillo is accused of trying to cash at least two checks worth $60,193, successfully cashing one for $31,405.

Following his arrest, Obayuwana remains in federal custody. He is charged with nine counts of bank fraud and faces three counts of delivering stolen Treasury checks and one count of aggravated identity theft.

Vu, who was arrested Thursday, is charged with five counts of delivering stolen Treasury checks, four counts of money laundering and two counts of aggravated identity theft.

Murillo, who is expected to surrender to federal authorities in Los Angeles on Monday, is charged with an additional count of delivering stolen Treasury checks.

Aug. 28 (UPI) — Treasury Secretary Scott Bessent announced Friday that the United States is working to cut off bank branches in the United Arab Emirates from the U.S. financial system, part of his campaign to target financial systems that enable Iran.

The Department of the Treasury said it is proposing a rule that will ban U.S. banks from facilitating transactions involving the UAE-based branches of Banque Misr, one of Egypt’s largest banks.

“Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system,” Bessent said in a statement. “Banque Misr UAE decided to find out the hard way, and today, we are taking the first step in holding it accountable for its continued, egregious support of the Iranian regime.”

Bessent on Monday announced a new pressure campaign called Operation Economic Outcast to force countries to sever ties with Iran.

The department accused Manque Misr’s operations in the UAE of being “a significant conduit for Iranian shadow banking.” It said the bank allows Iranian entities access to U.S. dollars, circumventing U.S. sanctions.

Treasury said it had found 103 potential front companies that moved $1.8 billion through Banque Misr UAE accounts from January 2024 to June 2026.

Bessent is invoking powers under the Patriot Act that allow the treasury secretary to take action against foreign banks that are a “primary money-laundering concern” to the U.S.

It also said the Treasury will sanction the general manager of the Dubai branch of Bank Melli and a Hong Kong-based company it alleges is laundering money for Iran.

Earlier this month the UAE said it was suspending all trade with Iran.

Canada’s economy has rebounded sharply in the second quarter after six months of virtually no growth, aided by a strong jump in exports and solid domestic demand, though a new round of tariffs from the United States brings renewed uncertainty.

The economy grew at an annualised rate of 3.3 percent in the second quarter, the fastest rate since 2023, after a revised 0.3 percent increase in the first quarter, Statistics Canada said on Friday.

The upward revision to first-quarter growth means Canada was not in a technical recession, usually defined as two straight quarters of contraction.

Healthy domestic demand, led by consumer spending and business investment, signals the economy is slowly brushing off the impacts of more than 18 months of US import tariffs that upended North American supply chains and increased costs.

Renewed tariff dispute

A strong domestic consumption and expenditure pattern puts Canada on a firm footing to withstand a new 50 percent US import tariff that President Donald Trump imposed this week on $20bn of Canadian exports. Canada retaliated with its own countermeasures on US imports.

“It seems like households and businesses were beginning to find ways of navigating the trade-related uncertainty before the latest round of tariffs,” Royce Mendes, managing director and head of macro strategy at Desjardins, wrote in a note.

“While it helps that the economy was on stronger footing heading into August, the fresh wave of protectionism injects a significant amount of uncertainty into the outlook,” Mendes said.

Michael Davenport, senior Canada economist at Oxford Economics, said in a note to Al Jazeera that while the gross domestic product (GDP) growth was along expected lines, “the economy is set to slow in the coming quarters amid escalating US-Canada trade policy uncertainty, new bilateral tariffs, and a shrinking population”.

The Canadian dollar weakened slightly after the GDP data, with the loonie trading down 0.01 percent at 72.17 US cents.

On a quarterly basis, GDP grew 0.8 percent for the period ended June, from an upwardly revised 0.1 percent in the previous quarter.

Second-quarter annualised growth was higher than the Bank of Canada’s July forecast of 2.5 percent growth.

Higher exports were one of the main contributing factors for the second-quarter growth, with outbound shipments growing 3.6 percent, the biggest increase in over three years, Statistics Canada (StatsCan) said.

Stronger household spending

Final domestic demand, the sum of all consumption and capital spending and a crucial metric to assess domestic health, rebounded to 1 percent in the second quarter, from a minor contraction in the first quarter.

Domestic demand has been muted for several quarters as consumers and businesses remain cautious while Canada navigates its trade war with the US.

But household final consumption expenditure, the main indicator of consumer spending, rose 0.8 percent, its highest level in three quarters, highlighting stronger household spending. This was mainly driven by higher wages and government benefits, economists said.

Business investment, or business gross fixed capital formation, sprang to a solid 2.3 percent growth in the second quarter from a contraction of 1.3 percent, the first time in the last year and a half that business investment has expanded.

That growth was led by investment in both residential and non-residential structures, machinery and equipment, StatsCan said.

However, the general gross fixed capital formation, essentially government expenditure for creating assets, continued to decline with a second-quarter contraction of 2.9 percent, after shrinking 2.6 percent in the previous quarter.

On a month-to-month basis, GDP for June grew 0.3 percent against a forecast of 0.2 percent, and an advance indicator showed that the economy was largely flat in July, the statistics agency said.

Aug. 25 (UPI) — In its 100th Falcon 9 launch of the year, SpaceX marked a record-setting 37 missions for the rocket’s first-stage booster, a reuse milestone.

The rocket launched early Tuesday from Cape Canaveral in Florida, carrying 29 Starlink internet satellites. There are already more than 11,000 Starlink satellites in orbit, making it the largest satellite constellation so far.

Falcon 9 rockets include extensive reuse of boosters, with nine of the company’s boosters making at least 30 flights. The one used Tuesday, B1067, entered service in June 2021. About 8.5 minutes after liftoff, the booster landed on a droneship in the Atlantic Ocean as the upper stage continued on to low Earth orbit.

Falcon 9 rockets flew 165 missions — all of them successful — in 2025. The reuse of the boosters makes the rockets cheaper and more efficient to use. While competitors have been working toward the same concept, SpaceX is so far the only one to manage it.

The next step for the company is the “megarocket” Starship, which is designed to be completely reusable multiple times a day. Only the Falcon 9 boosters are reusable.

Tuesday’s launch is expected to be the final one for Falcon 9 rockets in Florida. Kiko Dontchev, SpaceX vice president of launch operations, confirmed this in a social media post Tuesday.

“From here on, Starlink missions out of Florida will fly on Starship,” Dontchev wrote. “The West Coast team will continue regularly launching Starlink from Vandenberg.” This refers to Vandenberg Base in California.

SpaceX has not yet tested Starship in orbit. The next launch is expected in mid-September from Texas. If that one goes well, the next Starship launch will be from Florida.

“Once Starship is flying reliably several times a week, it makes sense to shift … production resources to Starship to get launch rate to several times per day,” SpaceX CEO Elon Musk said in a social media post Saturday.

Falcon 9 rockets launched for the first time in 2010. There have been nearly 700 launches since.

Aug. 25 (UPI) — China is angrily pushing back against the President Donald Trump administration on new sanctions against Iran that will harm it.

China said it would defend its interests against the United States and accused the administration of disrupting the global financial order.

On Monday, Treasury Secretary Scott Bessent set out plans to “sever every economic lifeline” to Iran, targeting countries that do business with the country.

China’s foreign ministry representative, Lin Jian, said China is firmly opposed to what it called “illegal unilateral sanctions” and would take “all necessary measures” to defend its rights.

“Cooperation between China and Iran has always been conducted within the framework of international law and should not be interfered with or disrupted,” Lin said.

China is the largest customer of Iranian oil.

The United States listed more than 60 brokers, companies and ships facing new sanctions. They included more than a dozen small businesses from Hong Kong and China, The New York Times reported. But larger companies in China weren’t on the list, which some have speculated means Washington was being careful not to antagonize the country.

Chinese President Xi Jinping is planning to visit the United States next month to meet with Trump and continue talks.

Iranian Economy Minister Ali Madanizadeh said Tehran was “fully prepared” for the broader sanctions, which he said would lead to “another defeat” for the United States.

“The government is and was ready and has a two-year plan to manage these events,” he told state television. “We also have our own tools and know how to play the game,” he said. He also said that Tehran had been “waiting for these plans for a long time.”

TORONTO — Canada struck back at the United States on Tuesday with retaliatory tariffs on about $20 billion worth of American goods, including steel, dairy products, appliances and farm equipment, as the trade war between the once-friendly neighbors escalated sharply.

The tension threatened one of the world’s largest trading relationships. The new tariffs extended well beyond industrial goods, hitting everyday purchases such as seafood, cheese, clothing, cosmetics and toilet paper, with some facing duties as high as 50%.

“We did not choose this conflict, but when our economic integration is used as a weapon rather than the foundation for a win-win partnership, we need to stand up,” Finance Minister François-Philippe Champagne said in French, calling the situation “an unprecedented challenge imposed on Canada.”

Canada’s retaliation came after the Trump administration imposed 50% tariffs over the weekend on Canadian goods following the collapse of trade negotiations. Canadian Prime Minister Mark Carney accused Washington of trying to subordinate Canada and said U.S. demands during the failed talks showed that Americans wanted to “destroy our major industries.”

President Trump intensified the confrontation Monday, telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs and threatening new 50% tariffs on Canadian vehicles, auto parts and steel.

Trump added another provocation Tuesday, saying the United States was giving “serious consideration” to renaming Lake Ontario “Lake America” in a feud with Ontario Premier Doug Ford. Such a change would be reminiscent of the Republican president’s unilateral action last year by executive order to rename the Gulf of Mexico to the Gulf of America.

The tariffs will take effect Sept. 8 at rates of 15%, 25% and 50%, with Canada matching the corresponding U.S. tariff rate on more than 700 products such as pulp and paper and electronics. The tariffs on many American products would double from 25% to 50%, with the largest share of the new measures affecting steel and aluminum.

Canadian officials said the goal is not to raise revenue but to protect Canadian companies and reduce U.S. imports.

U.S. steel imports, for example, have already fallen 30% since Canada imposed a 25% tariff, and the new 50% rate is expected to cut them further, Canadian officials said.

Goods facing 50% tariffs include some steel and aluminum products, furniture and clothing. Appliances, dairy products including cheese, fish and seafood, and certain steel and aluminum derivatives will face 25% tariffs. Existing Canadian countertariffs on U.S. autos will remain in place.

Canada also announced a support package for workers and businesses affected by the dispute worth $7.5 billion in Canadian dollars ($5.4 billion in U.S. dollars).

Canadian officials acknowledged the counter tariffs will raise costs for some businesses and consumers but said they expect the overall economic effects to be moderate.

They said the government has provided more than $30 billion Canadian dollars (US$21.7 billion) in tariff-related support since the beginning of 2025 — far more than it has collected in retaliatory duties — as it tries to cushion the blow from the trade fight.

Canada and the United States have deeply integrated supply chains across autos, energy, agriculture and manufacturing, making a prolonged trade fight potentially costly for businesses and workers on both sides of the border.

Businesses and consumers are caught in the middle, facing uncertainty about how much prices may increase.

Michael Howard II, owner of a furniture business in Warren, Michigan, outside Detroit, said the tariffs will hamper the “ability for us to put food on the table for our family” and affect “the ability for us to give back to our community.”

Howard and his wife started their business a decade ago. They make and sell everything from dining room tables to bookcases.

“To say that we don’t need Canada is just disingenuous,” he said. “It’s dishonest. And it’s just absolutely not truthful. We need our neighbor, but also they need us.”

Carney said Monday that Canada may need to move away from matching U.S. tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses.

“An attitude at the negotiation table that Canada is a subsidiary of the United States” is “not something we’re going to accept,” Carney said.

Carney was even more blunt in French.

“We learned during the negotiations that the Americans want to destroy our major industries, including autos, steel and aluminum,” Carney said. “That was one of the main reasons we said no. It was a bad deal.”

On Monday, Carney said U.S. negotiators had raised the discoverability of French-language content on streaming platforms, along with French-language labeling rules, as trade irritants. He rejected the idea that those protections were negotiable, saying in French: “For the Americans, questions about the French language, Quebec culture, francophone culture and Canadian culture are irritants. Here in Quebec, here in Canada, they are rights.”

In a social media post early Tuesday, Trump wrote: “I would never interfere with Canadians speaking French! In fact, I have never even thought of doing such a stupid thing. This lie was made up by a weak and ineffective Prime Minister in an attempt to gain political support, which he has totally lost, from the people of Quebec. I love French Canadians!”

Gillies writes for the Associated Press. AP writers Seung Min Kim in Washington and Mike Householder in Warren, Mich., contributed to this report.

Aug. 25 (UPI) — The Securities and Exchange Commission is investigating Situational Awareness, the Artificial Intelligence-focused hedge fund run by a 24-year-old.

The fund nearly collapsed last month when it dipped from about $45 billion to $10 billion in a late-July tech sell-off.

The SEC sent subpoenas to banks that provided loans for leveraged trading, The New York Times reported. The subpoenas wanted details on the timing of the trades and communications with lenders. They also told the banks to save any information about Situational Awareness.

The SEC investigates any fund that has large losses, and Situational Awareness has not been accused of any wrongdoing.

“It is to be expected that regulators would closely examine any funds that are high profile, produce significant returns or have particularly dramatic drawdowns,” a Situational Awareness spokesperson said in a statement. “We are a highly regulated business and will cooperate to the fullest extent with any regulatory request.”

The fund, at its highest mark, managed more than $30 billion and borrowed billions more. It was a client of firms that included Bank of America, Citi, Goldman Sachs and JPMorgan Chase, according to a regulatory filing.

The fund was founded and is managed by Leopold Ashcenbrenner, a young German Columbia University alum who last worked as a researcher at OpenAI. Aschenbrenner founded the fund at age 22. He named it after an essay that he wrote about the future of AI.

When the fund’s value plummeted in July, Aschenbrenner was forced to sell much of its portfolio to Citadel at a large discount. Citadel founder Ken Griffin told investors in a letter Friday that it has since sold about 80% of the risk from the Situational Awareness portfolio. Two of the positions Situational Awareness sold, SK Hynix and CoreWeave, have since rallied, CNBC reported.

WASHINGTON — The Trump administration is preparing to revoke the business and tourism visas of up to 200,000 foreigners who have applied for or are currently seeking asylum status in the United States. If it happens, the move would be the largest single mass revocation of visas in U.S. history and would likely face legal challenges.

Unless challenged or revised, the State Department is expected to announce in the coming weeks the revocation of so-called B1 and B2 visas issued between 2016 and 2026 whose holders have sought asylum or are now seeking asylum, according to State Department documents obtained by The Associated Press and two U.S. officials. The action will be taken in coordination with the Department of Homeland Security.

“We are coordinating with DHS to identify and revoke the nonimmigrant visas of foreigners who have come to the United States claiming to be short-term visitors, but then file for asylum to stay here permanently,” said State Department spokesman Tommy Pigott.

He declined to comment on the number of visas that might be revoked, saying “as the process will be ongoing, the number of revocations remains dynamic and will be done on a rolling basis.”

The revocations would not necessarily result in their immediate deportation, the officials said. Most of those with asylum cases currently pending would be recategorized but would lose their status as business or tourism travelers, according to the officials, who spoke on condition of anonymity because the revocations are not final yet.

Since President Donald Trump took office for his second term last year, his administration has steadily ramped up restrictions on visa applicants — demanding more information about their social media histories, requiring the posting of expensive bonds for the processing of visas, and outright banning the issuance of visas to citizens of certain countries.

In a social media post on Monday, Deputy Secretary of State Christopher Landau called out people who he said try to use tourist and business visas to get into the United States and then apply for asylum.

“People in the US and all over the world are fed up with bogus asylum claims,” Landau wrote on X. “Asylum isn’t supposed to be a loophole to circumvent immigration law.” Landau cited the case of a Colombian citizen who came to the U.S. in 2015 on a tourist visa and then applied for asylum.

B1 visas are generally issued for business trips and B2 visas are generally issued for tourism, family visits or medical care. It was not immediately clear from the documents or the officials how many of these visa holders are seeking or have sought asylum in the United States and would be affected by the revocations.

Current applicants for B1 and B2 visas are asked to affirm that they will not apply for asylum in the United States and prove that they intend to return to their home countries.

In the past 18 months, the State Department has revoked about 175,000 visas for people who have been convicted or accused of crimes ranging from drunken driving to rape and robbery, as well as for people who have spoken out publicly against U.S. policies, particularly in the Middle East.

The administration has also moved to crack down on so-called birth tourism, a practice the administration claims is used by foreign pregnant women to come to the United States to give birth so that their child will benefit from birthright citizenship. Trump has tried several times to end birthright citizenship, but those challenges have been rejected by courts, including the Supreme Court.

The State Department documents obtained by the AP suggest screening of current B1 and B2 visa holders began after the State Department received information about asylum requests from the Citizen and Immigration Service.

Lee writes for the Associated Press.

If the action happens, it will be the largest single mass revocation of visas in US history, AP reports.

The United States is preparing to cancel business and tourism visas of up to 200,000 foreigners who have applied for or are seeking asylum in the country, according to the Associated Press news agency.

The AP, citing State Department documents and interviews with two US officials, reported on Monday that if the plan goes ahead, it would be the “largest single mass revocation of visas” in the country’s history.

It said the State Department is expected to announce the action within the coming weeks, working in coordination with the Department of Homeland Security (DHS).

It would target so-called B1 and B2 visas issued between 2016 and 2026, whose holders have sought asylum or are now seeking asylum.

“We are coordinating with DHS to identify and revoke the nonimmigrant visas of foreigners who have come to the United States claiming to be short-term visitors, but then file for asylum to stay here permanently,” said State Department spokesman Tommy Pigott.

Officials cited by the AP said the revocations would not automatically trigger deportations.

Instead, most people with pending asylum cases would be shifted into a different immigration category, effectively stripping their business or tourist designation while their cases proceed.

In a social media post on Monday, Deputy Secretary of State Christopher Landau called out people who he said try to use tourist and business visas to get into the US and then apply for asylum.

“People in the US and all over the world are fed up with bogus asylum claims,” Landau wrote on X. “Asylum isn’t supposed to be a loophole to circumvent immigration law.”

Since President Donald Trump took office for his second term last year, his administration has steadily ramped up restrictions on visa applicants – demanding more information about their social media histories, requiring the posting of expensive bonds for the processing of visas, and outright banning the issuance of visas to citizens of certain countries.

In the past 18 months, the State Department has also revoked about 175,000 visas for people who have been convicted or accused of crimes ranging from drunk driving to rape and robbery, as well as for people who have spoken out publicly against US policies, particularly in the Middle East.

First inning, Shohei Ohtani walks, steals second, jogs to third on a single by Freddie Freeman, scores on a grounder by Mookie Betts.

That’s great, but is Mark Walter selling the Dodgers?

Second inning, Blake Snell gives up a one-out single to Spencer Horwitz, who advances to second on a passed ball, but Snell strands him with a strikeout of Billy Cook.

Lovely, but what happens if Mark Walter sells the Dodgers?

Third inning, Bryan Reynolds draws a two-out walk, but Snell strands him with a flyout to left by Brandon Lowe.

Walter, Lakers, feds, billions, sell?

On a blistering Sunday afternoon at Dodger Stadium, the Dodgers defeated the Pittsburgh Pirates 4-0 to complete a three-game sweep, but the rumblings beneath Chavez Ravine indicated there was much more at stake.

This is a solid franchise fighting for its footing. This is a powerful dynasty that could be undone by paper.

So, seriously, are the Dodgers getting sold?

Nobody knows, but a reasonable guess would be yes.

The Dodgers, of course, say no way, no how, no chance. Stan Kasten, the Dodgers’ president, even met with the media Friday specifically to say it’s not happening.

“The Dodgers are not being sold,” Kasten said. “They’re not going to be sold. They’re not for sale. There’s no process that has been started to sell [the franchise]. Period.”

Period? Kasten is a busy man, and there’s seemingly no way he holds even an impromptu meeting with reporters about a possible sale if that “period” wasn’t a “question mark.”

It is indeed a huge question mark, one that suddenly appeared less than two weeks ago when Walter stunningly sold the Lakers just 14 months after buying them.

A federal investigation into insurance companies Walter controls may have led to the Lakers sale, and there’s since been plenty of confusing talk about related-party transactions and holding companies and invested assets.

Translated for Dodgers fans?

The owner of your team also owns another business facing a big legal problem that requires billions to fix. And the only way he can raise those billions is to sell his assets. And the $2.5 billion he will receive from the Lakers flip is only a drop in the bucket.

Which means the Dodgers could be next.

There are reports that Walter is selling his shares in the Chelsea Football Club of the English Premier League, but that won’t cut it.

He could sell some of his smaller properties such as the WNBA’s Sparks, the Cadillac Formula 1 racing team, and the entire Professional Women’s Hockey League, but that might not cut it, either.

His richest, most lucrative, and perhaps most expensive property is the Dodgers. A source told The Times’ Bill Shaikin they could be worth between $10 billion and $13 billion, which would be a record price for a baseball team.

Though no charges have been filed against Walter or anyone associated with his businesses, one could imagine Walter pulling the trigger on the Dodgers sale simply to keep the feds at bay.

“I wanted you to hear it definitively: We are not selling the Dodgers,” Kasten repeated. “We are continuing with our plans going forward, like we always have had them. This comes from Mark. He’s gung ho about continuing to try to win, again, including next year, subject to whatever next year’s climate looks like.”

This full-speed-ahead attitude by Dodgers management is what makes it so hard to imagine the team being owned by someone other than Walter.

Without Walter, there is no dynasty. Without Walter, there is no richest team in baseball. Without Walter, there is no happiest fan base in baseball.

Dodgers owner Mark Walter helps Shohei Ohtani put on a jersey during a news conference on Dec. 14, 2023, after the two-way star signed a 10-year, $700-million deal with the team.

(Wally Skalij / Los Angeles Times)

Since Walter and his Guggenheim Baseball Management Group purchased the team in 2012, they have spared no expense in winning 12 of the last 13 National League West championships and three World Series titles.

Nobody in baseball spends like Walter, or will ever spend like Walter. From allowing the team to travel on two planes to adding baseball’s highest-paid player and relief pitcher last winter — Kyle Tucker and Edwin Díaz have been busts, but there’s time for redemption — nobody is willing to pay more for success than Walter.

Fans benefit from a Walter partnership on a daily basis. Witness Snell’s six shutout innings against the Pirates on Sunday. The Dodgers swept the three-game weekend series against the supposed contenders behind three starting pitchers who will lead off the playoffs yet who would not all be here if Walter didn’t own the joint.

Who else could pay to acquire superstars Yoshinobu Yamamoto and Snell while building up a farm system that could produce prospects who were used to acquire Tarik Skubal?

The three starters combined to allow the Pirates just five runs in 19 innings with 26 strikeouts and five walks, and how good is that going to look in October?

While Andrew Friedman supplies the talent and Kasten works the business, none of it is possible without the seemingly endless flood of money approved by Walter.

Well, the end might be near.

If Walter sells the team, they could possibly lose their two MVPs — Friedman and Ohtani. Unless the new owners give Friedman a piece of the team, he could set off to build another dynasty elsewhere. And Ohtani has a clause famously included in his contract that allows him to leave if either Friedman or Walter leaves. If Walter goes, Ohtani could demand a new contract with terms that a new cash-strapped owner cannot afford.

As of last week, there is so much at stake, so many reasons to worry, and even all the winning by baseball’s best-run team won’t offer much relief.

Now baseball’s best owner is suddenly its most embattled owner, and Dodgers fans should be afraid.

Very afraid.

The administration of United States President Donald Trump has announced new economic sanctions on Tehran, describing the measures as an “economic D-Day” as the US war on Iran approaches the six-month mark.

US Treasury Secretary Scott Bessent announced the sanctions on Monday, alongside a naval blockade of Iranian ports.

Bessent said the sanctions target key sources of Iran’s revenue, including its oil and gas industry, and called on countries around the world to cut economic ties with Tehran.

What are the sanctions?

The Treasury Department said the sanctions will target Iran’s aviation, digital assets, gold, technology and shipping sectors, as well as impose sanctions on 60 specific individuals and vessels.

“The main point is that Iran seems to have much less room than it did in previous years to simply work around sanctions,” Peiman Salehi, a Tehran-based geopolitical analyst, told Al Jazeera.

Bessent also said on Monday that the new sanctions expose Tehran’s trade partners to secondary penalties. According to a Treasury Department release on Monday, the targets include ships based in or associated with countries including Singapore, China, and Hong Kong.

“Today’s sanctions are mostly incremental, but are part of trying to intimidate remaining trading partners into cutting ties [with Iran],” said Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security think tank.

“There’s a lot of signalling and bluster aimed at getting other countries to crack down on entities involved in grey-zone trade, but new measures are mostly incremental for now,” she said. Grey-zone trade refers to both illegal, underground trade and trade that is unsanctioned but difficult.

The Treasury Department said Iran has used cryptocurrency to circumvent its longtime sanctions and facilitate transactions involving the Islamic Revolutionary Guard Corps (IRGC) and members of the Iranian regime. The department also said Iran has used gold to help prop up the value of its currency amid economic instability.

The new shipping sanctions target Iran’s state-linked shipping fleet, which the Treasury Department alleges is being used to transport oil as well as “sensitive weapons components”.

The technology sanctions are intended to restrict Iran’s acquisition of materials that could be used in its weapons programmes. The aviation sanctions target Iranian airlines that the Treasury Department alleges are being used to transport weapons and military personnel, as well as financial resources to Iran’s proxies.

Washington also indefinitely suspended several broad exceptions to its ongoing sanctions on Iran, including those covering academic exchanges, personal money transfers and certain sporting activities. Organisations currently engaged in those activities have until September 8 to wind down their operations.

Ziemba says these measures “will have more effect on Iranians, not just the regime”.

What sanctions were already in place?

Washington’s sanctions on Iran have been in place since 1979, after students took hostages at the US Embassy in Tehran, and increased over the next 45 years. Sanctions were briefly paused, however, after the administration of President Barack Obama and world powers signed a nuclear deal with Tehran in 2015. But the Trump administration withdrew from the deal during its first term, in 2018, bringing back old penalties while adding new ones.

Washington imposed new sanctions during Trump’s second term, many of them before the US and Israel first struck the country on February 28.

In February 2025, the Treasury Department sanctioned 30 individuals and vessels involved in the “brokering [of] the sale and transportation of Iranian petroleum-related products”, according to a department release. The targets were based in several countries, including India and China.

In December 2025, Washington sanctioned 29 vessels it accused of being part of a so-called shadow fleet used to transport Iranian petroleum. It also sanctioned Egyptian businessman Hatem Elsaid Farid Ibrahim Sakr over his businesses’ alleged ties to seven of those 29 vessels. The measures continued the 1979 sanctions campaign against Iran’s oil industry.

The Treasury Department stepped up the sanctions again in April 2026, targeting another two dozen individuals, companies and vessels operating within the network of Iranian oil shipping magnate Mohammad Hossein Shamkhani, the son of now-deceased senior Iranian security official Ali Shamkhani.

Later that same month, the Treasury also targeted what it described as “regime-linked cryptocurrency” and said it had seized nearly half a billion dollars from so-called “shadow banking networks”.

How have sanctions affected US consumers?

Pressure on the Iranian oil market, both through existing sanctions as well as the current war, has tightened the rest of the globe’s oil supply and affected countries that buy Iranian oil.

China, for example, is the primary destination for Iranian oil, buying roughly 90 percent of Iran’s crude oil exports. Beijing bought 1.4 million barrels per day in 2025.

At the same time, Asian markets, China included, also heavily rely on oil travelling through the strategically vital Strait of Hormuz, where roughly one-fifth of the globe’s oil transited before Iran choked off the route.

This has put pressure on the global oil supply, meaning the benchmark for crude oil has ticked up, translating to higher prices on fuel and food.

For US consumers, that has been most apparent at the petrol pump. The average price for a gallon of petrol (3.78 litres) is $4.09, up from $2.98 on February 28 when the US and Israel first struck Iran, according to the American Automobile Association (AAA), which tracks daily petrol prices.

Experts warn that if Iran retaliation accelerates, it could hit Americans hard.

“If sanctions provoke Iranian retaliation against Gulf shipping, materially reduce oil exports, or cause insurers and shipping companies to avoid the region, then Americans could feel it very quickly through gasoline, diesel, airfares, freight costs and ultimately inflation,” John Deal, managing director of capital markets at Post Oak Group investment bank, told Al Jazeera.

The economy and Iran are emerging as key issues heading into the US midterm elections, with voters expressing dissatisfaction on both fronts. That could put pressure on Republicans in competitive races, including in traditionally red states such as Texas.

A late-July Reuters/Ipsos poll suggested that only about a third of Americans supported the war, while just 28 percent of respondents in a CNN poll approved of Trump’s handling of Iran.

On the economy, an AP/NORC poll suggested that 32 percent of Americans approved of Trump’s performance. A recent Reuters/Ipsos poll, meanwhile, suggested that Democrats were narrowly ahead of Republicans on which party voters trust more to handle the economy—the first Democratic advantage in roughly a decade.

How are the sanctions affecting markets?

The latest sanctions announcement is weighing on Wall Street as well as the oil and gold markets.

On the heels of the announcement, the price of gold, largely considered a safe investment during times of economic uncertainty, jumped by 0.8 percent to $4,639.49 per ounce (28 grams) in midday trading, ticking up to its highest level since mid-May.

As for oil, prices pulled back on Monday after two weeks of gains. The price of the global benchmark Brent crude tumbled by more than 2 percent on Monday to $85.22 a barrel.

On Wall Street, the major indices are mixed amid the latest sanctions news as well as Trump’s announcement of new tariffs on Canada. The Nasdaq is down 0.5 percent, and the S&P 500 is down 0.2 percent. The Dow Jones Industrial Average, however, is trending in positive territory, 0.2 percent higher than the market open on Monday.

The oil sector is taking a hit. Chevron is down 0.8 percent, ExxonMobil tumbled 0.9 percent, BP fell more than 2 percent, and Shell is down 0.2 percent.

Aug. 24 (UPI) — A group of grocers filed two lawsuits Monday over New York City Mayor Zohran Mamdani’s plan to open five city-run grocery stores, saying it would harm neighborhood supermarkets.

The Multicultural Business Coalition, an organization that says it represents owners of smaller stores, said in the filings that the city would violate business owners’ civil rights if the new stores open and that officials did not study how the planned stores would affect existing businesses.

Kenneth Roldan, the president of the coalition, said the plan would have a “devastating” effect on small grocery stores. He called it “a direct assault on minority business,” The New York Times reported.

The plan for city-owned grocery stores, which would sell some items at a 30% discount, was part of Mamdani’s platform as he ran for mayor. It calls for five stores, one in each borough of New York City, to open by 2029.

Mamdani said at a news conference Monday that the new stores are needed to address the high cost of groceries and that they would not offer significant competition in the city.

“I’m confident both in the legality of this, that it will stand up in court, and the importance of delivering it,” Mamdani said.

The new stores would reevaluate prices once a month and set the cost for food items at 30% below retailers, The Hill reported. The city would own the land and cover the rent and construction costs. A private operator, selected through a request for proposals, would manage daily operations.

“We are talking about a reflection of a cost-of-living crisis that has seen grocery prices increase by about 30 percent over the last few years, and we’re also talking about delivering five city-run grocery stores in a city of 8.5 million people that has more than 1,000 grocery stores,” Mamdani said.

The first store is expected to open in 2027 in the Hunts Point neighborhood in the Bronx. An East Harlem store is expected to open by 2029. The city has not yet selected sites in Queens, Brooklyn and Staten Island.

Aug. 24 (UPI) — California Attorney General Rob Bonta said he canceled a planned sit-down meeting with Paramount to discuss the company’s attempt to merge with Warner Bros. Discovery after details from an earlier meeting leaked.

Bonta accused Paramount of acting in bad faith in a statement issued Sunday night to The New York Times and Deadline.

“Not only did Paramount leak the alleged substance of settlement discussions, but they misrepresented these discussions, demonstrating a lack of good faith,” he said. “As soon as Paramount stops playing games and engages sincerely, my office is happy to meet again.”

Bonta is one of 12 attorneys general who sued in July to block the proposed $111 billion merger of Paramount and Warner Bros., saying it would undermine competition in the entertainment industry, increase costs for consumers and put jobs at risk.

The lawsuit came one month after the Justice Department approved the planned merger, saying it doesn’t harm consumers in the United States.

State officials met with Paramount representatives on Friday to set the agenda for Monday’s scheduled meeting. California Gov. Gavin Newsom confirmed the meeting happened Friday, Deadline reported. The entertainment news outlet said it learned of the meeting from multiple sources.

The Times reported that state officials and Paramount representatives sought to work toward negotiations after the company threatened to leave California and Newsom said he wanted a settlement in the case.

Saudi Arabia’s Crown Prince, Mohammed bin Salman, (MBS), is on the second day of his two-day state visit to France, where he’s meeting President Emmanuel Macron.

In this explainer, we outline what they are expected to discuss and examine how their latest meetings build on an already evolving relationship.

What is on the agenda?

MBS’s visit to Paris began on Sunday evening alongside President Macron at the closing ceremony of the Esports World Cup. It was the first time the Esports tournament, which includes competitions ranging from video games to chess, had been held outside Saudi Arabia.

On Monday, Macron and Bin Salman are expected to sign several agreements on health, transport and energy.

French media reported that a deal to build a Dragon Ball-themed amusement park, backed by a Saudi investment fund and inspired by the iconic Japanese manga series, could be signed.

Valerie Pecresse, President of the Regional Council of Île-de-France in Greater Paris, told French broadcaster TF1 that the regional government had been working on the project for 18 months.

“There is a very important meeting at the Elysee today that may result in the signing of this agreement. We are waiting for the signature,” she said, describing the project as “on the scale of Disneyland”.

Bin Salman and Macron are also holding bilateral discussions on regional security and their economic ties.

That is expected to include discussions about energy routes that bypass the Strait of Hormuz, such as new pipelines, capacity upgrades and alternative port networks.

France is a major buyer of Saudi oil and mineral products.

Since the start of the US-Israeli war on Iran on February 28, shipping has been severely disrupted in the Strait of Hormuz – the vital waterway on which oil exporters in the Gulf are heavily reliant and where 20 percent of the world’s oil and natural gas supplies are shipped from during peacetime. The disruption sent oil prices soaring.

Before the war, a barrel of Brent crude – the global benchmark – cost about $66. Over the course of the conflict, prices have climbed above $100 – hitting a high of $119 early on in the war.

On Monday, Brent was trading around $93 a barrel.

Bin Salman and Macron are also expected to discuss the war in Iran, the bloodshed in Palestine, as well as developments in Syria and Lebanon, where Israel occupies around one-fifth of its territory.

Other expected topics on Monday’s agenda include global events that Saudi Arabia is set to host in the coming years, including Expo 2030, focusing on sustainability and urban innovation, and the 2034 football World Cup.

How much trade does Saudi Arabia do with France?

The two countries have a fairly equal trading balance.

In 2024, France exported $4.5bn worth of goods to Saudi Arabia and imported $4.6bn worth, according to data from the Observatory of Economic Complexity (OEC), an online platform that compiles and visualises international trade statistics.

Refined petroleum accounted for 72 percent of Saudi Arabia’s exports to France in 2024. Besides refined petroleum, Saudi Arabia exported crude petroleum and other mineral products to France. It also exported small amounts of machinery, chemicals and cars.

France’s exports to Saudi Arabia in 2024 were more diverse, including airliners, helicopters, gas turbines, pharmaceutical products and perfume, among other products.

What have relations between Saudi Arabia and France been like?

Sunday’s visit marked the third time MBS has visited France after trips in 2022 and 2023.

In December 2024, Macron visited Riyadh, where the two countries founded the Saudi-French Strategic Partnership Council, which formalised and upgraded political and economic ties between Saudi Arabia and France.

The current visit is also MBS’s first international trip since the August 7 signing of the Mecca Joint Defence Agreement, known as the Mecca pact – the mutual defence agreement between Saudi Arabia, Turkiye and Pakistan.

Signed by the prince, Turkiye’s President, Recep Tayyip Erdogan, and Pakistan’s Prime Minister, Shehbaz Sharif, the agreement commits all three states to treat an armed attack on any one of them as an attack on all three.

Analysts say the pact shows that Saudi Arabia is taking steps to diversify its security partnerships beyond Washington.

Aug. 24 (UPI) — Chinese fast-fashion giant Shein announced plans Monday to raise $1.77 billion in its long-awaited IPO on the Hong Kong Stock Exchange.

In a filing to the SEHK, Shein said it will offer nearly 280 million shares with a price range of $6.07 and $6.32 in its Sept. 1 debut, valuing the company at a little under $27 billion. The final price will be fixed on Aug. 31.

The valuation is sharply down from the $100 billion it was valued at in 2020, due to higher costs and a slowdown in the growth of sales, and follows effort to float on the New York, NASDAQ and London stock exchanges in 2023 and 2024 that were abandoned amid roadblocks erected by regulators and lawmakers on both sides of the Atlantic.

Analysts said the firm had been hit hard by U.S. President Donald Trump‘s summer 2025 scrapping of the so-called de minimis import tariff exemption on low value packages on which its business model depended, with Shein reporting a $99 million loss in Q1, down from a $395 million profit in the same period in 2025.

The European Union imposed its own flat $3.50 import tax on low value packages coming into its single market, effective July 1, with Britain, another big market for the Chinese online retailers, also expected to implement similar measures to the United States and EU in 2028.

With the Hong Kong stock market’s attention focused on a string of highly sought after AI and chipmaker IPOs, investor enthusiasm for Shein has dwindled along with much of its appeal with consumers under the age of 35 amid the challenge from competition from firms like Temu.

The firm has also had reputational issues with scrutiny over multiple issues from environmental pollution to working conditions in its supply chain, including the possible use of forced labor in its supply chain.

In February, the EU launched an investigation alleging the design of Shein’s app was addictive, a lack of transparency of recommender systems, as well as the sale of illegal products, including “child sexual abuse material.”