Business

Tennessee propositioned Paramount Skydance, hoping to tempt it to become the next company to leave California.

As California Atty. Gen. Rob Bonta gathered a coalition of 12 state attorneys general to try to block Paramount’s $111-billion takeover of Warner Bros. Discovery, Tennessee slid into Paramount’s DMs, suggesting it would be better treated in the southern state.

Corporate flight from the Golden State has increased in recent years, with many California-based companies fleeing for lower taxes and more lax business regulations. For the first time this year, California was not the state with the most Fortune 500 companies, after Texas dethroned it in June.

California companies packing up their people and headquarters to move to Texas has been a well-traveled road for those looking for options. Now Tennessee wants to be in the running as a prime destination as well.

Here is what you need to know about its efforts:

What happened with Paramount?

In a July 2 letter to Paramount Chief Executive David Ellison, Tennessee Deputy Gov. Stuart McWhorter pitched a relocation of the studio’s Hollywood headquarters to the Volunteer State. In the middle of a brutal legal battle with California regarding the proposed Warner Bros. merger, Tennessee may appear more appealing to Ellison. Paramount relocated its headquarters from New York to Los Angeles in August of last year.

“As Paramount Skydance writes its next chapter, Tennessee offers a compelling proposition: a state where creativity and technology converge, where talent is developed intentionally, and where innovation is embraced,” said McWhorter in the letter viewed by The Times. “We would welcome the opportunity to share our vision for how Tennessee could help shape the future of Paramount Skydance and its talented team.”

Though many in Hollywood have giggled at the idea of a major studio moving to the South, it isn’t totally ridiculous.

Ellison has backing from his father, tech billionaire and Oracle co-founder Larry Ellison. Oracle, once a California-based company, is now moving its headquarters to Nashville.

In December of 2020, the software tech company left California, where it was founded in 1977, to relocate to Texas. In April 2024, it chose Nashville as the home for Oracle’s “world headquarters,” which began construction in February.

Have other companies moved to Tennessee?

Oracle isn’t the first company to set up in Tennessee. Nissan, which had operated its U.S. headquarters out of Gardena since 1960, left the state in 2005 for Franklin. Nissan chose Tennessee for its drastically lower operational costs.

Mitsubishi Motors also moved its headquarters to Franklin from Cypress in 2019. Mitsubishi moved for lower operational costs and to be in a state with less-strict business regulations than California‘s.

Two beloved California burger chains moved to Tennessee.

In 2018, CKE, the parent company of Los Angeles-founded Carl’s Jr., also left California for Tennessee. CKE consolidated Carl’s Jr. and its St. Louis chain, Hardee’s, under its headquarters in Franklin.

In-N-Out — arguably California’s most iconic burger spot known for its animal fries and double doubles— began a transition out of California in 2023. It established a corporate office in Franklin, and last summer, owner and Chief Executive Lynsi Snyder announced her own move to Tennessee.

Last year, Snyder said pandemic-era restrictions and California policy motivated her decision to leave, but she has no plans for In-N-Out to expand farther East. The majority of In-N-Out locations are still in California.

“There’s a lot of great things about California, but raising a family is not easy here. Doing business is not easy here,” Snyder said.

What is so special about Tennessee?

The southern state’s highly business-friendly tax incentives make it an extremely desirable location. Businesses and billionaires are drawn to Tennessee by its lack of state income and property taxes. Instead, the state relies on a 7% sales tax as its main source of tax revenue. Tennessee also offers a number of tax credits and grants for businesses, including many designed to support newly relocated businesses, cover costs of training new employees, and construction.

Tennessee’s central location and well-connected infrastructure support supply chain logistics. Seven interstate highways run through Tennessee, and six of the United States’ class 1 rail lines operate there, allowing companies to cut transportation costs dramatically. Memphis is also home to the busiest cargo airport in the country.

The Tennessee Department of Economic and Community Development says the state has one of the best business incentive programs in the country and has been ranked the third best state for doing business by Chief Executive magazine.

Tennessee Gov. Bill Lee attributes the success to the state’s competitive tax policy, workforce, and quality of life.

“Companies choose Tennessee because they recognize the strength of our workforce, our strategic location and our ability to support long-term growth,” Lee said in an emailed statement. “Tennessee’s success comes from our commitment to helping businesses thrive.”

BRASILIA, Brazil, July 17 (UPI) — Brazil’s government has delayed plans to invoke its Reciprocity Law after the United States imposed a 25% tariff on Brazilian exports. It opted instead for a more cautious strategy aimed at avoiding a broader trade conflict.

After meetings between the government’s economic team and the country’s leading industrial groups, President Luiz Inacio Lula da Silva‘s administration paused previous plans for immediate retaliatory measures.

According to Brazilian media reports, officials are concerned that reciprocal tariffs could trigger a trade war, increase the cost of imported inputs and drive up consumer prices in Brazil.

Industrial associations argued that the production chains of both countries are highly integrated, and that making U.S. imports more expensive would also hurt Brazilian manufacturers, CNN Brasil reported.

The Brazilian government also announced a support program for companies affected by the U.S. tariff.

“We already have mechanisms to protect our companies and our jobs,” Deputy Finance Minister Dario Durigan said. He added that, in coordination with affected industries, the government will strengthen the Brazil Sovereign Plan, which supports businesses “unfairly harmed by the increase in U.S. tariffs,” according to G1.

Analysts say Lula’s administration is expected to exhaust all negotiation channels before escalating the dispute, although they acknowledge that the prospects for direct bilateral negotiations with Washington are limited.

The Office of the U.S. Trade Representative has concluded its Section 301 investigation, determining that Brazil maintains “unfair trade practices.” That finding has left Brazilian diplomats with little room to continue technical negotiations.

Brazilian Foreign Minister Mauro Vieira on Thursday rejected Washington’s demands as “excessive and unreasonable.” He said U.S. negotiators had sought concessions that would undermine Brazil’s economic sovereignty in sensitive areas, including the country’s Pix instant payment system and environmental regulations.

Brazil’s manufacturing sector, particularly higher value-added industries, is expected to suffer the greatest impact from the 25% tariffs scheduled to take effect July 22. The measure will affect about 3,000 Brazilian products, representing nearly 18% of Brazil’s exports to the U.S. market, according to O Globo.

To limit the impact on everyday consumer goods in the United States, the Trump administration excluded products such as coffee, oranges and concentrated orange juice, beef and grains from the new tariffs.

With little indication that the White House will soften its position, Brazil has shifted its strategy away from direct bilateral negotiations and toward legal challenges before the World Trade Organization and the gradual use of its Reciprocity Law.

The government’s primary legal strategy will be to challenge the legality of the unilateral tariffs before the World Trade Organization.

Brazil has not ruled out using the Reciprocity Law, which was unanimously approved by Congress. The legislation authorizes Brazil to impose tariffs on the 76% of U.S. products that currently enter the country duty-free and even suspend intellectual property rights.

However, officials said implementation will be delayed while the government evaluates the economic impact of the U.S. measures.

“It is important to emphasize that we have the Reciprocity Law, unanimously approved by the National Congress, and the government will know how to implement it at the appropriate time,” Vice President Geraldo Alckmin said.

He said the law is not intended as retaliation but rather as a measure “that defends the national interest, the interests of Brazilians and the Brazilian economy.”

July 16 (UPI) — SpaceX on Thursday scrubbed the planned 13th test light of its massive Starship megarocket just seconds before it was set to lift off from the company’s Texas Starbase.

The launch was abruptly canceled just before the “Super Heavy” booster was about to ignite its multiple engines.

“Standing down from today’s flight test attempt,” launch commanders posted on X, without immediately offering a further explanation.

It remained unclear when another launch would be scheduled.

In the build-up to the planned launch, the company says it is aiming to fine-tune the performance of third version of the most powerful rocket ever built with Thursday’s mission — specifically the Super Heavy booster.

During the 12th test flight May 22 it encountered several hiccups, including slight differences in engine startup at separation stage causing the directional flip of the booster to be off by approximately 90 degrees.

The booster was supposed to perform a sustained burn to a controlled landing in the gulf, but the engine failure meant it fell back to Earth instead in a “hard splashdown,” SpaceX said in its launch report.

The Federal Aviation Administration said there were no reports of public injury or damage to public property from the mishap.

In response, SpaceX said in a blog post that “the startup sequence has been modified to be more robust to timing variability and more reliably flip in the desired direction, which is done to increase overall performance.”

Also during Flight 12, the Super Heavy booster encountered problems when attempting its boostback burn in which five of its 33 engines malfunctioned when attempting to re-light. This caused the boostback burn to end early.

“The Super Heavy on this upcoming flight has hardware modifications to improve re-light reliability along with updates to engine alarms and aborts to match the conditions seen in the multi-engine flight environment,” Space X said.

The Starship system has two parts: the Super Heavy booster and the spacecraft itself, also called Starship, or sometimes just “Ship.”

Flight 12 was the first launch of the third version of the system, which is the first capable of deep-space flight. Plans call for Starship to carry Artemis 4 astronauts to the surface of the moon in a mission set for late 2028.

In another notable element of Thursday’s Flight 13, Starship for the first time will carry V3 Starlink satellites to space as the company aims to “greatly expand” its communications network’s capacity and user speeds.

As part of this initial test, Starship is set to deploy 20 satellites which will extend solar arrays and antennas in a bid to connect with the larger Starlink constellation via high-capacity lasers as they will be on the same suborbital trajectory as Starship.

Those satellites are designed to burn up on reentry into the Earth’s atmosphere approximately 20 minutes after deployment.

July 16 (UPI) — U.S. retail spending was weaker than expected while tourists from around the world came to the country for the World Cup.

Retail sales rose 0.2% in June from a revised 1% in May, and up 6.7% from June 2025, the U.S. Census Bureau said Thursday. Expectations from the data firm FactSet were at 0.3%.

The World Cup and Amazon‘s Prime Day helped boost spending, but lower gas prices slowed the rise. Excluding gas sales, June spending rose 0.7% after 0.9% in May.

A measure of retail spending that removes sales of building materials and gasoline rose 0.5% in June, which is down from 0.8% in May, but slightly higher than the expected 0.4% increase, CNN reported. It shows consumer demand continued steadily in June.

Strong economic growth along with rising inflation means that the Federal Reserve is less likely to lower interest rates. For the Fed to cut rates, inflation would need to slow to toward the 2% annual target or signs of a slowing economy, CNN said.

“Despite challenges, consumers are still spending and the labor market shows no signs of cracking,” Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, wrote Thursday.

“This type of data won’t move the Fed’s needle either way, but it underscores the ongoing resilience of the U.S. economy.”

Another economist said the second half of the year’s economy could slow even more.

“A renewed slowdown in spending, however, beckons over the second half of this year,” Oliver Allen, senior economist at Pantheon Macroeconomics, wrote in an analyst note Thursday.

“The lift to cashflow from tax refunds now has faded, leaving consumers far more exposed to the real income shock from the jump in gas prices.”

July 16 (UPI) — The European Commission has ordered Google to share its Android features and search data with competitors on Thursday.

The European Union has placed these requirements on Google under the Digital Markets Act. It said that Google sharing features and data with competitors will allow fair competition for third-party AI developers.

“Today’s decision will ensure that users can activate their preferred AI assistant via voice commands, similar to the ‘Hey Google’ command,” the announcement by the European Commission said of sharing Android services. “Users will be able to use third-party AI assistants to perform actions in apps on their behalf. Importantly, the measures incorporate robust safeguards to ensure that the privacy of users, device integrity and security are protected.”

As for Google sharing search data, the commission said data sharing is “crucial for the development and optimization of third-party search engines.” It added that Google’s data sharing has been ineffective, necessitating new requirements.

Google is required to begin sharing search data with “eligible search engine providers” beginning in January. Users will begin to see changes to Android in July 2027. The commission notes that these specification requirements are legally binding.

“The aim of these measures is to allow companies to be able to offer European users a wider and more feature-rich range of options to choose from, both when it comes to their AI services on Android and to search services,” the commission said.

Seoul shares again plummeted Thursday, led by steep losses in technology heavyweights, as escalating tensions in the Middle East weighed on investor sentiment. The Korean won rose against the U.S. dollar.

After opening 4.45 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended its losses to close at 6,820.60, down 463.81 points, or 6.37 percent from the previous session, after falling as low as 6,730.87.

The Korea Exchange, the country’s bourse operator, activated a sell-side sidecar on the KOSPI for 20 minutes at around 9:10 a.m. after the benchmark index fell more than 5 percent.

The decline came after the index surged 6.24 percent Wednesday as softer-than-expected U.S. inflation data eased concerns about near-term Federal Reserve interest rate hikes.

Adding to investor jitters, the Bank of Korea (BOK) raised its benchmark interest rate by a quarter percentage point to 2.75 percent earlier in the day, the first increase in 3 1/2 years, to curb inflation amid escalating tensions in the Middle East.

The U.S. launched fresh strikes on Iran, escalating tensions in the Middle East and renewing concerns over potential disruptions to regional energy supplies.

“Profit-taking followed sharp gains in technology stocks a session earlier, while persistent concerns over the semiconductor industry kept the index under pressure,” Kang Jin-hyeok, an analyst at Shinhan Securities Co., said.

Institutional and foreign investors sold a net 2.37 trillion won (US$1.6 billion) and 1.38 trillion won worth of shares, respectively, while retail investors bought a net 3.66 trillion won.

Technology stocks led the decline.

Market bellwether Samsung Electronics plunged 8.77 percent to 255,000 won, while rival chipmaker SK hynix tumbled 11.53 percent to 1,842,000 won.

Top automaker Hyundai Motor fell 2.07 percent to 425,000 won, while steelmaker POSCO Holdings slipped 0.95 percent to 311,500 won.

Among gainers, shipbuilder Hanwha Ocean rose 5.73 percent to 86,700 won, while leading beverage firm Hitejinro gained 2.47 percent to 14,910 won.

The Korean won was quoted at 1,480.4 won against the U.S. dollar at 3:30 p.m., up from 1,484.7 won the previous session.

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A federal judge has halted California’s groundbreaking “Truth in Recycling” law, which aims to reduce consumer confusion about which packaging can be recycled.

California’s recyclable packaging law prohibits manufacturers from using a “chasing arrows” recycling symbol on products or materials unless they are actually being recycled in a meaningful way, which the law quantifies. The bill was signed by Gov. Gavin Newsom in 2021 and was to go into effect on Oct. 4.

A coalition of farming, forestry, restaurant and packaging organizations sued the state in March, arguing the law violates their right to free speech. They argued that Senate Bill 343 operates as “government-imposed censorship.”

Judge William Hayes agreed that their challenge has merit, and on Tuesday ordered California Atty. Gen. Rob Bonta, the defendant in the case, to pause enforcement of the law “until further order of the Court.”

The industry trade groups, which include the Dairy Institute of California, the Flexible Packaging Assn. and the Western Growers Assn., applauded the decision.

The coalition “will continue to press the case that California can strengthen recycling without censoring truthful information on packaging and without adding unnecessary and significant costs for California families and businesses,” Californians for Affordable Packaging said in a statement.

The “ruling is a significant win, not just for our members, but for every business that wants to give consumers accurate information about the products they buy,” said Julie Landry, vice president of government affairs at the American Forest & Paper Assn. “The Court recognized what we’ve said from the beginning: California cannot fix consumer confusion by restricting truthful speech.”

Advocates of reducing the use of plastic disagreed.

“The court got it wrong, and I’m confident that the state will ultimately prevail,” said Nick Lapis, director of advocacy for Californians Against Waste. “SB 343 does not violate the First Amendment; it requires companies to tell the truth when they make recyclability claims. Suggesting that the First Amendment protects misleading environmental marketing is inconsistent with the basic principles of consumer protection that states like California have implemented for decades.”

In January, CalRecycle, the state’s waste agency, issued a report showing that less than 10% of most single-use plastic materials in the state were being recycled.

Even yogurt containers and margarine tubs — made of ubiquitous polypropylene, or #5 plastic — are being recycled at a rate of only 2% in the state, the report said. Only 5% of colored shampoo and detergent bottles, made from polyethylene, or #1 plastic, are getting recycled.

Reports on abysmally low rates of recycling for milk cartons and polystyrene had been widely shared even before that.

Plastic materials that can’t be recycled are typically sent to landfills or sometimes illegally shipped overseas, where they are burned or end up in landfills, rivers and waterways.

A report by the Natural Resources Defense Council shows that nationwide, taxpayers, governments and businesses are spending between $9.8 billion and $13.3 billion per year cleaning up plastic litter, and almost $3 billion is spent by local governments on landfilling plastic.

According to one state analysis, 2.9 million tons of single-use plastic and 171.4 billion single-use plastic components were sold, offered for sale or distributed in California in 2023.

Single-use plastics, and plastic waste more broadly, are considered a growing environmental and health problem. In recent decades, plastic waste has overwhelmed waterways and oceans, sickening marine life and threatening human health.

“It is a terrible decision which denies consumers basic information needed to make informed choices,” said Judith Enck, former Environmental Protection Agency regional administrator and president of the nonprofit Beyond Plastics. “Given the long history of the plastics industry deceiving the public about plastics recycling, this is an especially bad outcome. It is a reminder that the plastics industry has enough money to fight even the most modest policy designed to protect people and the planet.”

As if the college sports world weren’t crazy enough with roster limitations and rising numbers in the transfer portal, a new trend that isn’t really new but is accelerating involves coaches telling players they will have little chance to play as motivation for the player to leave and open up a roster spot.

That’s how a coach escapes bad publicity for chasing off a player. But maybe the coach is being honest in their evaluation? It’s all part of the strange happenings taking place.

Check out social media to see the growing number of high school and junior college players suddenly searching for new schools this summer by saying, “My recruitment is back open” or announcing an “involuntary decommitment.”

Just this week, Ole Miss is facing criticism after a longtime high school baseball commit from Iowa who has been battling cancer for three years, Brett Harris, said he had his baseball scholarship pulled.

College baseball, in particular, is being disrupted. Members from the high school class of 2027 are being forced to reopen their recruitment as schools take into consideration a new NCAA rule giving players five years of eligibility across five years.

Braden Ruiz, a Mater Dei High graduate who played shortstop at Cypress College, signed with Oregon last January. Last month he asked for his release from Oregon.

“It was the vibe I was getting,” Ruiz said. “They said I could still go up there and give it a shot. The conversations were they didn’t seem interested as before. I decided to decommit. The coach who recruited me ended up leaving Oregon a week later.”

Ruiz played with a hamstring injury at Cypress College last season.

“It’s all about performance,” he said. “If you’re not performing, it makes the coaches think differently.”

Ruiz has come to understand how college sports has become a business.

“They pretty much can do whatever they want,” he said. “They can pull your offer or in the conversations tell you you’re not wanted anymore. But it’s part of their job. They need to win to keep their job.”

Mater Dei coach Richard Mercado said he’s advising parents and players “if a school is giving out NIL money, it’s a business. You’re not going there to be friends with the coach. It’s a business relationship. They have to win immediately and with limited roster spots. They can’t be wrong.”

Players being pushed away to open a scholarship spot is not new. It’s happened in all sports. College baseball coaches have been engaged in a balancing act for years. Remember the days when Division I schools were limited to 11.7 scholarships. Players were being given partial scholarships and coaches had to project who might leave or stay after the amateur draft. Now college programs can offer full scholarships (think SEC), but rosters dropped to a maximum 34 players last season, forcing coaches to revise and regroup.

Add the impact of no more transfer restrictions and it’s understandable there’s uncertainty. The word loyalty is going to cease to exist in many programs.

So what’s the advice to players and parents?

Betting on yourself still works. If someone doesn’t want you, find someone who does.

“Everybody’s journey is different,” Ruiz said. “You can commit early or late. I would say people who commit now will make it on campus. Their past season was probably good. People performing better more recently have a better chance of playing.”

Do research to find programs that stick with old-fashioned rules and commitments and maybe mention academics.

On Thursday, Ruiz signed with New Mexico State. He’s one of the fortunate ones finding a school with a roster opening this summer before Saturday’s amateur draft begins. He’ll have three years of eligibility left. He’s finally healthy and can’t wait for the day he gets to play against Oregon.

If he becomes a standout, who knows, maybe the Ducks will want him again in this new world of college athletics.

“The portal is crazy,” Ruiz has concluded.

July 14 (UPI) — Billionaire investor Warren Buffet left the Gates Foundation out of his annual charitable stock gifts and said he would give all his stock for the year to his charities run by his children.

Berkshire Hathaway said that Buffet, 95, will donate 9 million Class B shares of the company to the Susan Thompson Buffett Foundation and 1 million shares each to the Susie Buffet-run Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation, which was founded by Peter and Jennifer Buffet. “My goal is to dispose of all of my Berkshire shares within about eight years,” Buffett said in a statement announcing the gifts. “As I explained last year, my children are unfortunately growing older. I have every hope that the three of them are able to carry out the disposal of my shares by Dec. 31, 2034.”

In previous years, the Gates Foundation was the largest recipient of his Berkshire donations. Buffett has donated more than $47 billion of Berkshire stock to the Gates foundation. The Wall Street Journal reported that Buffett was waiting for the outcome of a probe into the foundation’s involvement with Jeffrey Epstein, the sex offender who died by suicide while awaiting trial for sex trafficking charges.

In March, Buffett told CNBC that he hadn’t spoken to Gates “at all since the whole thing was unveiled.”

Forbes values Buffett’s net worth at $147 billion, making him the 10th wealthiest person in the world.

July 14 (UPI) — New York Gov. Kathy Hochul signed an executive order Tuesday putting a moratorium on building large data centers for one year.

Hochul, a Democrat, signed the executive order pausing environmental permits and said that the delay would give the state legislature time to create new laws that protect the electrical grid, environment and communities.

The order is the first statewide ban in the United States.

“As data center development threatens to hike up utility bills, deplete our natural resources, and create uncertainty for New Yorkers, it’s my responsibility to take action and lead,” Hochul said in a statement. “New York will lead the way in creating the strongest standards in the nation for data center development, ensuring that when companies succeed because of New York, New Yorkers succeed, too.”

The order will temporarily block the state from approving permits for data centers that use 50 or more megawatts of power. During that time, the state will create a regulatory framework for assessing how the projects affect the environment.

The ban won’t delay projects that already have the needed permits.

Hochul also called on lawmakers Tuesday to repeal sales tax exemptions for data centers.

New York has fewer data centers than some other states, such as Texas and Virginia. But some projects have sparked local battles around the state.

Though states once courted the artificial intelligence companies’ investment, sentiment has since soured. Data centers use an enormous amount of electricity and are adding a huge burden to the electrical grid.

A May Gallup poll showed that more Americans would rather live near a nuclear power plant than a data center.

In Monterey Park, Calif., voters recently blocked data center construction permanently. But in April, Maine Gov. Janet Mills vetoed legislation that blocked construction of data centers because she said it could block a project in a town that supported a local data center.

The Seminole Nation passed a complete moratorium that bans development on its tribal land.

Hochul’s team didn’t say how many proposed data centers the moratorium would affect, but Cleanview lists 25 proposed facilities in the state, and a planned 300-megawatt facility near Ithaca has seen protests and backlash from locals, The Washington Post reported.

Lawmakers in New York recently passed a bill that called for a one-year moratorium but Hochul’s action allows the governor to move quickly while she reviews the legislation, the office said.

“This is an important victory for the thousands of New Yorkers who demanded that their government take action to put a pause on hyperscale data centers,” said Mitch Jones, managing director for policy and litigation at environmental group Food & Water Watch.

A proposal to make daylight saving time the year-round default nationwide is once again coming before Congress.

And, as in the past in both California and nationally, proponents and opponents of the switch cite the potential effects (good or bad) on health, business and agriculture as reasons to support or oppose the plan.

The House is expected to vote on the Sunshine Protection Act this week, according to the office of Rep. Vern Buchanan (R-Fla.), the bill’s author.

The Senate version of the bill, SB 29, is sponsored by Sen. Alex Padilla (D-Calif.). In a statement last year he said, “More daylight after work means more business and more active, safer California communities.”

Most of the U.S. went on daylight saving time in the spring, moving clocks one hour ahead of standard time. The bill would end the “fall back” to standard time that typically takes place in November. The change would mean darker mornings and later sunsets. President Trump has indicated that he supports the plan.

It won’t be the first time the debate over timekeeping has made its way to Capitol Hill. In 2022, a bill to make daylight saving time permanent was approved by the Senate, but the effort stalled in the House.

“It’s clear that year-round daylight saving time is a popular, commonsense reform that will improve everyday life for millions of Americans,” Buchanan said in a statement to The Times. “Passing my bipartisan Sunshine Protection Act will bring us one step closer to ending the outdated and unpopular practice of changing our clocks twice a year.”

Areas that already do not observe daylight saving time would be able to stay on permanent standard time, according to the bill text. For example, Arizona and Hawaii do not move their clocks forward or backward.

Lawmakers in California and other states could opt out making daylight saving time permanent, but would need to decide before the law takes effect, Josh Gregory, a senior advisor to Buchanan, said in an email.

The effort has drawn support from both sides of the aisle. In California, Reps. Jay Obernolte (R-Big Bear Lake), Ken Calvert (R-Corona) and Young Kim (R-Anaheim Hills) are cosponsors of H.R. 139.

The proposal also has bipartisan opposition.

Sen. Tom Cotton (R-Ark.) has also been a vocal opponent of permanent daylight saving time. In a speech last year, Cotton argued that while year-round daylight saving time might benefit some activities and areas — such as golfing in Florida and Alabama — residents of northern states and on the western sides of time zones might not see the sun rise until 9 a.m. in the winter.

Cotton raised concerns that students would need to walk to school in the dark and risk being struck by drivers, as was the case in 1974 when the U.S. briefly adopted year-round daylight saving time to combat an energy crisis.

“The darkness of permanent daylight saving time would be especially harmful for schoolchildren and working Americans,” Cotton said.

Rep. Nanette Diaz Barragán (D-San Pedro) told The Times in a statement that she plans to vote against the bill because “medical experts have warned that permanent daylight saving time is bad for our health.”

She supports a different proposal, the Sunshine for Our Kids Act, which seeks to make permanent standard time the default nationwide but gives states the option to opt out. The bill, HR 9638, has been endorsed by the American Academy of Sleep Medicine.

Stanford professor Jamie Zeitzer, a physiologist who studies circadian cycles and how humans respond to light, supports ending the twice-a-year time changes.

The “spring forward” shift results in a loss of sleep and has been associated with a number of negative health effects, he said. The spring clock change has also been linked to more car accidents and cardiovascular incidents, he added.

Zeitzer’s research found that the darker mornings and brighter evenings of permanent daylight saving time weaken the circadian clock for many people.

“The abundance of biological evidence is clear that permanent standard time is a better solution,” Zeitzer said. “When you have a more robust light signal early in the morning, that will help keep your internal circadian system synchronized to the day.”

A 2025 AP-NORC survey found that the current system of changing the clocks twice a year is unpopular. According to the poll of nearly 1,300 U.S. adults, only 12% of respondents favored the current system, while 47% were opposed and 40% were neutral.

In the business world, there’s no consensus on making daylight saving time permanent. Many chambers of commerce and businesses that want to lure customers later in the day generally support it, while agricultural interests and some industries oppose it.

As for making standard time permanent, that faces opposition too. Among the opponents: golf course owners.

Jay Karen, the chief executive officer of the National Golf Course Owners Assn., testified at a congressional hearing in November that losing extra evening daylight could cost the industry $1.6 billion in green fees alone because so many Americans tend to golf in the afternoon or evening.

Buchanan’s office said in a statement that the “well-documented benefits of having more sunshine later in the day after school and after work will be beneficial for millions of Americans’ health and well-being.”

There have been previous attempts to put an end to the twice-annual clock adjustments in California.

In 2018, California voters approved Proposition 7, which was supposed to give the Legislature the authority to impose year-round daylight saving time — but only if the federal government allowed states to do so. It has not yet led to any meaningful change.

Earlier this year, state Sen. Roger Niello (R-Fair Oaks) introduced SB 1197, which seeks to “ditch the switch” by moving the state to permanent standard time.

A spokesperson for Niello’s office said that because his previous efforts failed to gain traction, his current proposal includes a provision requiring California to conform if the federal government adopts permanent daylight saving time.

The South Korean government on Tuesday revised up its economic growth projection for 2026 to 3 percent, up 1 percentage point from its previous outlook, citing a semiconductor supercycle and easing uncertainties surrounding the Middle East.

The Ministry of Finance and Economy released its economic policy plan for the second half of 2026, presenting a forecast above the 2.6 percent estimates issued by the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD) and the Asian Development Bank (ADB).

“This is the first year in which the Lee Jae Myung administration is taking full responsibility for the country’s economic management,” First Vice Finance Minister Lee Hyoung-il said during a press conference held in the central city of Sejong.

“On the back of the government’s prompt response to the Middle East war and robust export performance, the economy is maintaining a stable growth trend,” the first vice finance minister said, adding that the revised 3 percent growth forecast reflects those developments.

Lee said the revised growth forecast, which is significantly higher than those presented by major international institutions, remains achievable because it reflects the latest data.

“I think the outlooks from other organizations were based on data from March and April,” Lee said. “We made our assessment based on the latest data, with the major changes including stronger exports driven by the semiconductor boom. Tensions in the Middle East have eased further since then.”

“We believe such developments will exert downward pressure on consumer prices and inflation, positively affecting both exports and consumption,” he added.

In the report, the finance ministry said the policy vision for the remainder of 2026 is to mark the first year of a major economic leap toward establishing an “irreplaceable Republic of Korea,” referring to South Korea’s official name.

Seoul also unveiled the so-called 3-4-5 vision, under which the country will seek to achieve a potential growth rate of 3 percent, become one of the world’s top four exporters, and raise gross national income (GNI) per capita to US$50,000. The GNI per capita came to US$36,850 in 2025.

The finance ministry said the growth momentum, which began to expand in the second half of 2025, is expected to further accelerate this year on the back of the continuing semiconductor boom, along with policy measures, including an extra budget aimed at shielding the country from the impact of the Middle East war.

The country will also seek to successfully implement three mega projects aimed at fostering the semiconductor, AI data center and physical AI industries, the report said.

South Korea will additionally focus on maintaining an unwavering supply chain based on lessons learned from the Middle East war, including offering tax benefits for the domestic production of strategically important items.

On exports, the finance ministry said South Korea’s outbound shipments are expected to jump a whopping 40 percent on-year in 2026 on the back of the global artificial intelligence (AI) boom.

Non-IT products, such as ships, biohealth and secondary batteries, are also expected to remain robust, it added.

South Korea’s monthly exports reached a record $102.25 billion in June, surpassing the $100 billion mark for the first time after jumping 70.9 percent on-year.

The current account for 2026 was expected to reach a $290 billion surplus, marking a record high, buoyed by the surge in overseas demand and an increase in the number of foreign tourists.

In 2027, however, the current account surplus was expected to narrow to $245 billion following a rise in imports on the back of increasing domestic consumption.

Facility investment for 2026 could expand 5 percent on-year due to the robust performance of semiconductor manufacturing equipment, although growth will be limited by sluggish machinery and petrochemical sectors.

The policy report also projected inflation of 2.6 percent in 2026, up from the previous 2.1 percent estimate, citing the lingering impact of the Middle East war, which led to higher petroleum prices.

Core inflation, which excludes volatile food and energy prices, is expected to remain at around 2 percent.

“In the second half of 2026, as tensions surrounding the Middle East war ease and global crude oil prices decline, consumer price growth is expected to slow,” the ministry said.

“However, uncertainties also linger amid the progress of Middle East war negotiations and weather conditions, which could lead to volatility in energy and agricultural product prices,” it added.

Looking ahead to 2027, the ministry projected annual inflation to reach 2.2 percent despite lower global crude oil prices due to demand-led inflationary pressure.

The government said it will continue to focus on rolling out a post-Middle East war strategy by pursuing stable macroeconomic policies while maintaining a stable supply chain.

“In response to the changing economic environment, we plan to establish a comprehensive response system to maintain market stability across the macroeconomy, financial markets, the foreign exchange market and the real estate market,” the first vice finance minister said. “Based on favorable tax revenue conditions, we will continue active fiscal management.”

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Josh Grisetti, the Broadway actor who charmed audiences with roles in “Something Rotten!” and TV’s “The Marvelous Mrs. Maisel,” has died, a family member confirmed to The Times on Monday. He was 44.

Grisetti died by suicide Friday, his “Something Rotten!” co-star Rob McClure first announced Sunday on Instagram, adding he is heartbroken and “not ready to even attempt to understand.” McClure also expressed his condolences to Grisetti’s wife and family. The Instagram post included photos of Grisetti and McClure over the years, including at Grisetti’s wedding. The actor married Mackenzie Perpich in 2020.

“Communities around the world will never be the same without him. We love you Josh,” McClure wrote in his caption. “Just a cataclysmic loss.”

On Broadway, Grisetti was best known for starring as Bottom brother Nigel alongside McClure’s Nick. The play follows the pair of brothers as they strive for success in the theatrical world amid William Shakespeare’s unstoppable rise. Grisetti portrayed Nigel Bottom from 2017 to 2018 for the show’s national tour. Grisetti also starred in musical comedies “It Shoulda Been You” and “Broadway Bound.” He appeared in award-winning off-Broadway productions including “Rent,” “Peter and the Starcatcher” and “Enter Laughing,” among others.

Grisetti’s regional credits also include “Spamalot” in Las Vegas, “How to Succeed in Business Without Really Trying” at the Reprise Theatre, “Beauty & the Beast” and “Peter Pan Goes Wrong” in La Mirada.

“Thank you, Josh, for sharing your beautiful energy and immense talent with us,” the La Mirada Theatre said on Instagram.

The actor, in what would be his final Instagram post, announced he departed a production of “Legally Blonde” at the Trentino Music Festival for “personal reasons” before the show’s opening.

The festival also mourned Grisetti in an Instagram post Monday: “Josh was a loving and caring person who was deeply dedicated to his friends, his students, and his colleagues. He was beloved by all who knew him, and he will be deeply missed by our students, faculty, and staff.”

Grisetti, born in December 1981 in Roanoke, Va., acted throughout childhood and performed in a variety of productions, including a kindergarten production of “Peter Rabbit” and high school productions of “Anything Goes” and “Flowers for Algernon.” He officially earned his Actors’ Equity card in 2004 for a production of “Where’s Charley?” at the Goodspeed Opera House, he told Playbill in 2009.

He also pursued a career in TV and film, most notably appearing in the Emmy-winning series “The Marvelous Mrs. Maisel.” He appeared as comedy writer Ralph Emerson in the series’ fifth season. He also had roles in shows “The Knights of Prosperity,” “Nurse Jackie” and “The Good Fight.”

He appeared in the film adaptation of Jhumpa Lahiri’s “The Namesake,” “The Immigrant,” “The Revolutionary Road” and “Men in Black 3,” among other movies, according to IMDb.

Grisetti, who also directed various musical productions, notably brought his talent and experience to Cal State Fullerton and Loyola Marymount University, teaching acting, musical theater and business. He also authored “God in My Head” in 2016, an “irreverent spiritual memoir” that details his accidental meeting with God through a “hallucinogenic journey.”

During his time on “Price of Broadway” in 2015, Grisetti reflected on luck and breaking into the industry. “Luck is required to kind of spark some things in this business a lot of the time, but then talent is what keeps you there,” he told Playbill.

“You start making your own luck, you start forging your own connections and making it happen.”

Madrid, Spain – Badr Tmairi, 22, from Morocco, has spent six years living in Spain without legal status. He arrived at 16, alone, without his family. He held legal residency briefly after turning 18, but lost it when he failed to renew it in time.

“What I want is to get my papers back so I can work as a hairdresser and travel to visit my family in Morocco,” he said.

Tmairi is one of more than a million people who have now applied for regularisation under a new scheme that contrasts with a growing European trend against irregular immigration.

He has been homeless for the past year. Without documents, finding work and decent housing in Spain is difficult.

“It’s very encouraging to know that so many people submitted an application and are trying to regularise their situation, but that huge number is also proof that the state has failed in its duty to protect the most vulnerable,” Edith Espinola, president of the Active Domestic Workers’ Service Association (SEDOAC) and spokesperson for the Regularizacion Ya (Regularisation Now), told Al Jazeera.

Regularizacion Ya, a collective made up of migrants, has led the push for regularisation since 2020. The measure grew out of a broad social consensus and has been backed by civil society organisations, the Catholic Church, trade unions and business associations.

Living without legal status, Espinola said, condemns people to social exclusion, as it has for Tmairi. Without rights or protection from abuse, they are unaligned with most of the rest of the population.

The new initiative, Spain’s first regularisation process since 2005, began in April and closed on June 30. The government now has three months to resolve the vast majority of the applications submitted.

Of the 1,174,978 applications, according to the Ministry of Inclusion, Social Security and Migration, only 11,000 have received a favourable resolution so far. About 608,000 have been accepted for processing, granting provisional residency and work permits until a final resolution.

‘All I want is to work’

Rocio Neciosupe, 54, is a Peruvian migrant who has spent two years without legal status in Spain. “Regularisation isn’t a handout; all I want is to work. To work without fear and with rights, so that if I fall and I’m sick, I don’t have to go to work that day and can still get paid, like anyone else,” she said.

Neciosupe, a cleaner in private homes, is busy across six different buildings around Madrid. But she is currently recovering from a back injury sustained in a fall at work. Without documents or a contract, she has no right to sick leave.

Unable to afford to lose her income while she recovers, her husband accompanies her to work each day and helps her with tasks she cannot manage alone.

Rocio, her husband and their two daughters, aged 22 and 17, have all had their regularisation applications accepted for processing and are now awaiting a favourable resolution.

“I want to support the country I live in, and if the country grows, we grow too,” Neciosupe added.

It is precisely in the contribution and growth potential of people like her that the Spanish government has framed its case for the measure.

“By 2050, Spain’s GDP would be 19 percent lower, 90,000 bars would close, 50,000 classrooms would shut and 220,000 farms would disappear,” Prime Minister Pedro Sanchez said recently in a public address.

Gonzalo Fanjul, director of ISGlobal’s policy and development team and head of Research at the porCausa Foundation, said: “If you look at what’s happening in the United States, there are already estimates of the impact of the government’s violent, hostile anti-migration policies. Whole economic sectors are struggling to keep functioning.”

One of those sectors is care work. With an ageing population, Spain needs trained workers to fill positions in that sector, among others.

Josselyn Aguirre, 32, is one of those workers. A nursing assistant, she migrated from Ecuador to Spain in 2024. Her original plan had been to move to the United States, but her visa application was rejected.

“My goal is to stay and help older people. I really enjoy working with them,” she said.

“Here, in my country and in other countries around the world, this sector is collapsing due to a shortage of staff. That’s why I believe that being able to regularise your status and contribute as a professional benefits everyone,” she told Al Jazeera.

Migrants and refugees who applied for regularisation had already been living in Spain, working in the informal economy for years; 57 percent are men, most come from Latin American countries, and six out of 10 are below the age of 34.

So far, 159,097 additional people have registered with the Social Security system as a result of the regularisation process.

With this measure, “Spain has made a bet on growth. We’re going to be a country of 50 million people,” Fanjul said. “But it’s not enough.”

Amid a European political climate in which anti-migration rhetoric appears to be gaining ground, Spain’s approach shows another path is possible, though “regularisation is only the beginning”, Fanjul said.

“The system has been reset, but none of the underlying reasons that brought us to this point have been resolved.

“For the state to open up legal, safe and orderly channels for labour mobility is simply common sense,” he concluded.

Espinola is in no doubt.

Despite criticism from those opposed to the regularisation, she stressed, “We have come out stronger. The migrant community has once again shown its capacity for mutual support in difficult situations.”

The regularisation process is not yet over, she added: “We will remain vigilant to make sure the more than a million applications submitted are processed properly.”

July 13 (UPI) — The attorneys general of 12 states sued Monday to block the proposed merger of Paramount and Warner Bros., saying it would undermine competition in the entertainment industry.

A news release announcing the lawsuit from New York Attorney General Letitia James said Paramount Skydance Corp.’s purchase of Warner Bros. Discovery Inc. “would combine two of the five major film studios and two of the five major basic cable companies, creating a massive conglomerate in markets for basic cable and theatrical film releases.”

“For over a century, Paramount and Warner Bros. have competed to create movies and television that bring people together, inspire and sustain generations of artists, and help us understand the world,” James said. “This merger would destroy that competitions, creating a massive company with unprecedented power and influence over news and entertainment across the globe.”

The release said the merger would increase costs for consumers and put jobs at risk.

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

Warner Bros. shareholders gave their blessing to the merger in April after Paramount offered to buy the company for $31 per share — a deal worth $110 billion.

Joining New York in the lawsuit were Arizona, California, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, Oregon and Washington.

Deadline reported that Paramount could threaten to leave California in retaliation for the state’s involvement in the lawsuit. California Attorney General Rob Bonta described the two companies as “behemoths” in the entertainment industry and said their merger would lead to higher prices, lower quality and less content for consumers.

“California’s film and entertainment industry touches the lives of Americans daily — it comes into the living rooms of families, has a starring role in many young people’s first dates, and is a point of immense pride and employment for Californians up and down our state,” he said in a news release.

“Consolidation here not only leads to higher prices — it also leads to fewer opportunities for important stories to come to life, and fewer ways for audiences to encounter stories, ideas, and perspectives beyond their own experiences.”

Seoul shares plunged 9 percent Monday as investors dumped technology stocks for profit-taking amid renewed tensions in the Middle East. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 669.01 points, or 8.95 percent, to close at 6,806.93 after falling as low as 6,783.43.

Trade volume was moderate at 469.86 million shares worth 39.8 trillion won (US$26.5 billion), with decliners far outnumbering gainers 713 to 179.

Institutions and foreigners sold a net 2.22 trillion won and 1.7 trillion won worth of shares, respectively, while individuals bought a net 3.9 trillion won.

After opening 0.85 percent lower, the KOSPI extended its losses, triggering a circuit breaker that temporarily halted trading of KOSPI-listed stocks for 20 minutes. It marked the seventh activation of the measure this year.

On Friday, U.S. stocks advanced, buoyed by South Korean chipmaker SK hynix’s multibillion-dollar U.S. share offering. The Dow Jones Industrial Average gained 0.29 percent, while the tech-heavy Nasdaq Composite also rose 0.29 percent.

SK hynix’s American depositary receipts (ADRs) on the Nasdaq closed at US$168 each, well above the offering price of $149.

Despite the successful U.S. market debut, SK hynix shares tumbled as investors took profits and shifted to the company’s ADRs, analysts said.

Investor sentiment was also dampened by heightened uncertainty in the Middle East after the United States and Iran exchanged fresh strikes over the status of the Strait of Hormuz.

“The country’s newly introduced single-stock leveraged exchange-traded funds linked to Samsung Electronics and SK hynix continued to fuel volatility in the stock market,” Samsung Securities said in a research note.

Tech stocks led the decline.

Market bellwether Samsung Electronics plunged 10.7 percent to 254,500 won, while its chipmaking rival SK hynix plummeted 15.37 percent to 1,845,000 won.

Top carmaker Hyundai Motor fell 2.95 percent to 444,000 won, and defense giant Hanwha Aerospace declined 3.21 percent to 936,000 won.

Among gainers, leading battery maker LG Energy Solution rose 0.77 percent, and leading refiner SK Innovation climbed 7.09 percent to 110,200 won.

The Korean won was quoted at 1,503.4 won against the U.S. dollar at 3:30 p.m., down 2 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 4.1 basis points to 3.809 percent, and the return on the benchmark five-year government bonds climbed 3.3 basis points at 4.041 percent.

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Qatar’s Father Emir Sheikh Hamad Bin Khalifa Al Thani has died at the age of 74.

During his 18-year rule, Sheikh Hamad reshaped the energy-rich country’s domestic and global footprint.

When he assumed power in 1995, Qatar’s economy was limited in size and relied mainly on oil, while the vast gas wealth of the North Field site was still in the early stages of development.

In less than two decades, Qatar became the world’s largest exporter of liquefied natural gas (LNG), the owner of one of the largest sovereign wealth funds and one of the countries with the highest per capita incomes.

This transformation was not just an oil or gas boom fuelled by rising energy prices, but an overhaul of the country’s economic model that was underpinned by a strategy of investing natural resource wealth in building productive assets, financial institutions, infrastructure and human capital.

The economic shift did not begin with Sheikh Hamad’s assumption of power. It was preceded by his appointment in 1989 as chairman of the Supreme Council for Planning, the body then responsible for formulating Qatar’s economic and social policies, which allowed him to oversee the preparation of development programmes before he came to power.

Here, we take a look at Sheikh Hamad’s economic legacy that helped transform Qatar from a small Gulf economy to a major and influential player in global energy and investment markets.

How gas changed Qatar’s economy

The development of the North Field, the world’s largest natural gas field, marked the true starting point of Qatar’s economic transformation.

The decision to accelerate investment and expand gas liquefaction projects during the second half of the 1990s changed the country’s position in the energy market and propelled it towards global leadership.

Qatar went from exporting its first LNG shipment in 1996 to becoming the world’s largest exporter of the commodity in fewer than 15 years.

By 2010, production capacity had risen to 77 million tons per year, according to data from QatarEnergy and the International Energy Agency.

The impact of this boom was not limited to increasing revenues; it also cemented Qatar’s position as a strategic partner in global energy security, especially for the economies of Asia and Europe.

Data from Qatar’s Amiri Diwan reflect the scale of the transformation witnessed by the energy sector, as the added value of the hydrocarbons sector rose from 11 billion Qatari riyals (about $3bn) to 403 billion riyals (about $110.4bn) during Sheikh Hamad’s rule.

Unprecedented economic growth

The gas boom was directly reflected in the performance of Qatar’s economy, which became one of the fastest-growing in the world during the first decade of the millennium.

World Bank data cited by Bloomberg showed Qatar’s economy grew more than twentyfold during Sheikh Hamad’s reign, with gross domestic product (GDP) rising from about $8bn in 1995 to about $199 billion in 2013.

According to the International Monetary Fund (IMF), the economy also recorded the highest growth rates in the world during that period, with real growth reaching 18 percent in 2006 before rising to 26.2 percent in 2011, as LNG production projects came onstream.

From gas boom to capital export

The economic transformation did not stop at increased production or revenues, but it also extended to the way wealth was managed.

As part of building a system to manage financial surpluses, Qatar in 2001 established the Supreme Council for Economic Affairs and Investment under the chairmanship of Sheikh Hamad.

The council was tasked with diversifying domestic and foreign investments “with the aim of developing Qatar’s financial reserves and diversifying sources of income”, according to the Qatari Amiri Diwan.

Four years later, the Qatar Investment Authority (QIA) was established to manage the financial surpluses generated from oil and gas exports.

Sheikh Hamad implemented a policy based on allocating part of the energy revenues to long-term investment, with the aim of building sustainable sources of income beyond natural resources.

QIA quickly became one of the world’s largest sovereign wealth funds, acquiring stakes in companies such as Barclays and Volkswagen, as well as the United Kingdom-based Harrods department store in 2010.

Qatar’s investment policies expanded to cover almost every continent – from investments in football clubs, to global economic institutions, to London’s Shard skyscraper, among others.

The authority’s assets are now estimated at more than $500bn, according to the Sovereign Wealth Fund Institute, making it one of the world’s largest government investors.

Qatari citizens’ rising living standards

The economic growth was reflected in welfare indicators.

According to the World Bank and the IMF, Qatar during Sheikh Hamad’s reign became one of the countries with the highest GDP per capita in the world.

It exceeded $90,000 in terms of purchasing power parity, as it expanded spending on housing, education and health and recorded a steep decline in unemployment rates to very low levels.

Experts believe the rise in income was not solely the result of higher energy prices, but also stemmed from expanded government investment and the creation of jobs linked to energy and infrastructure projects.

Investment in people

In parallel with energy investments, Qatar also moved towards building a knowledge-based economy.

One of the first development decisions after Sheikh Hamad assumed power was the establishment of the Qatar Foundation for Education, Science and Community Development in August 1995 to serve as the main arm for investment in education, scientific research and innovation.

The country later attracted international universities including Georgetown, Texas A&M and Carnegie Mellon, in a move seen as part of a strategy to prepare for the post-oil and gas phase.

The health sector also saw significant expansion through the development of Hamad Medical Corporation and the establishment of new hospitals and specialised centres as part of efforts to improve the quality of public services and keep pace with population growth.

At the same time, the country’s economic openness, coupled with a policy of strengthening its position as a financial and commercial hub in the region, turned the expanding capital of Doha into an increasingly important centre for international economic and investment conferences.

The World Cup and the economy of the future

Gas revenues during Sheikh Hamad’s rule were not limited to financing Qatar’s budget, but were also used for massive infrastructure investments.

That period saw the launch of projects such as Hamad International Airport, Hamad Port, Lusail City and modern road networks, alongside projects that later formed the foundation of the Doha Metro.

These works helped transform Doha from a small Gulf city into a global urban hub, providing the foundation that enabled Qatar to become the first Arab and Middle Eastern country to host the FIFA World Cup in 2022.

After the country won the right to host the major football tournament, its infrastructure and construction sector witnessed a major boom as the government approved huge spending plans exceeding $200bn in infrastructure, including roads, stadiums, railway lines and the construction of a new airport and port.

An ongoing economic legacy

In 2008, the state launched Qatar National Vision 2030, a strategic plan aimed at building a knowledge-based economy with the goal of ensuring continued prosperity for future generations.

This vision, which continues to serve as the governing framework for economic policies, reflects a direction that began under Sheikh Hamad based on transforming natural wealth into a foundation for sustainable development.

And if the development of the gas industry was the starting point for Qatar’s economic transformation, the most prominent legacy of Sheikh Hamad lies in transforming exceptional energy revenues into long-term development tools.

Through the establishment of institutions such as the Supreme Council for Economic Affairs and Investment and QIA, the launch of Qatar National Vision 2030 and investments in education and infrastructure, Qatar moved from an economy dependent on oil exports to a model that combines energy strength with global investment influence.

This blueprint still forms the basis of the state’s economic policies that are being pursued to this day by Sheikh Hamad’s son and successor, Emir Sheikh Tamim bin Hamad Al Thani.

Tokyo, Japan – While walking his toy poodle in the park near his home in Ikeda, Gifu Prefecture, Shin Ohta had an idea.

“My dog often stops walking during our strolls. I would carry him every time, but his weight of nearly 5kg [11lbs] started to become a real burden,” Ohta told Al Jazeera.

“I knew there had to be a better way.

Ohta works in sales for Japan’s oldest baby carrier manufacturer, Lucky Industries, which has produced more than 40 million baby carriers since its founding in 1934.

He has spent his career making baby carriers, but after that walk, he wondered if the same expertise could be applied to pets.

After consulting a veterinarian to ensure the design was viable for dogs, Ohta helped Lucky Industries launch its first line of dog hip carriers in 2022: Nu-i.

Earlier this year, the company joined dozens of other brands at Tokyo’s annual Interpets conference, a showcase of Japan’s rapidly growing pet care market.

During the first weekend of April, stalls lined the walls of the Big Sight convention centre, selling everything from walk-in pet dryers to the latest organic cat treats.

Few of the pet owners attending the event had their four-legged friend on a leash, instead ferrying them to and fro in well-decorated pet strollers, or the doggy equivalent of baby slings.

Many pets were decked out in colourful outfits, fur clips, and diapers.

Pets in Japan now outnumber children under 15 by more than 2 million.

According to market intelligence company Euromonitor, the country’s pet care market was worth 880 billion yen ($5.4bn) in 2025, up from 689.6 billion yen ($4.2bn) in 2020.

As Japan’s birthrate continues to fall and the population of children shrinks, companies that once built their businesses on babies, selling nappies, slings, and strollers, are increasingly turning their attention to pets.

Betting on pets at the Interpets conference, Unicharm’s expansive stall was lined with dog and cat nappies from its latest “Mannerware’” line.

The Tokyo-based company has been one of the great cross-market successes of the pet care boom.

After making its name selling feminine hygiene products and disposable diapers, Unicharm expanded into pet diapers in 2001.

Since then, pet care products have become one of the company’s main growth engines.

While the personal care market for people is larger, the pet care sector has higher profit margins.

According to Unicharm’s financial results for 2025, the company’s pet care division had a profit margin of 15.4 percent that year, compared with personal care’s margin of 10.7 percent.

Isshu Uehara, a Unicharm spokesperson, said that as of 2025, the pet care business accounted for 17 percent of the company’s total sales, with plans to increase that share to 20 percent by 2030.

“Japan’s birthrate is declining,” Uehara told Al Jazeera.

“Lifestyle changes, such as remaining single, marrying late, and the growth of childless, dual-income households, have led to a greater number of people seeking emotional connections through pets.

“As a result, we’re seeing the growth of ‘pet humanisation’, or treating pets like family members or children rather than just animals.

“Customers want to buy premium products to extend pets’ lifetimes, and share experiences with them, like dining together or going out to cafes and friends’ houses,” Uehara added.

Unicharm is not alone.

Across Japan, stroller brands like AirBuggy and clothing companies like Sweet Mommy have made similar leaps, applying expertise built around infants to a growing market of pet owners.

Lucky Industries CEO Hiroyuki Higuchi pointed to the company’s origins to explain the shift towards pets.

“When the company started, Japanese families had many children, and mothers needed carriers to be able to work around the house,” Higuchi told Al Jazeera.

But now, Japanese families are shrinking. While there has been a rise in single-person households and childless dual-income households, families with only one child have become more common as well.

A national survey of fertility trends found that between 2002 and 2021, the proportion of households with only one child increased from 10 percent to nearly 20 percent.

“With fewer babies around, it has been harder to come up with new ideas for baby products,” Ohta said.

“Now, my life is centred around my dogs, as are the lives of many of my friends. When we meet up, we talk about our pets.”

“Compared to the baby goods market, the pet sector is doing better,” said Higuchi.

“Companies see it as a reliable sector… In Japan, dogs are seen as babies, as part of the family. Just like many Japanese carry their babies in slings or carriers, so can dog owners,” Higuchi added.

Barbara Holthus, a sociologist and director of the German Institute of Japan Studies, said pet humanisation has been a growing trend in recent years.

“Before, a dog or cat might have just been an additional family member, but with fewer other family members and fewer children in the house, the focus becomes very concentrated on this animal,” Holthus told Al Jazeera.

“But it’s more diverse than just replacing children. Animals take on many different roles,” Holthus added. “A pet can also replace a partner. After a divorce, people sometimes get pets.

After someone gets widowed, they get a pet. Sometimes, a pet is seen as a play partner for an only child.”

Holthus sees Japan as a prime example of changing family structures, including the emergence of the “multi-species family”.

Holthus said decreasing birth rates, as well as factors such as loneliness and rising urbanisation, help explain why the trend of humanising pets has been particularly pronounced in Japan.

As for why infant brands are turning to pets, Holthus offered a simple explanation.

“It’s understandable,” she said.

“Of course, companies want to make money, and due to demographic change, their market is getting lost.”

July 10 (Asia Today) — Qcells is accelerating its push into the North American renewable energy market as investment in power infrastructure grows rapidly amid the expansion of artificial intelligence data centers in the United States.

The Hanwha unit said Friday it will handle engineering, procurement and construction for Atlas Energy Park, one of the largest solar and energy storage complexes in the United States. The project will be built in La Paz County, Ariz.

Atlas Energy Park will include 2.8 gigawatts of solar generation capacity and 5.7 gigawatt-hours of energy storage capacity by 2028. The complex will consist of 14 solar and energy storage projects and cover an area about 22 times the size of Yeouido, Seoul’s main financial district.

Qcells will handle engineering, procurement and construction for all projects in the complex and supply all solar modules.

The company completed the sale in May of two solar power plants with a combined capacity of 357 megawatts after carrying out their early-stage development and construction. The deal is seen as evidence that Qcells has expanded beyond equipment supply into project development, construction and asset sales.

The company’s competitiveness is backed by its U.S. supply chain. Qcells operates Solar Hub, a solar manufacturing complex in Georgia, giving it module supply capacity. It has also built a supply chain for energy storage equipment.

Industry analysts say companies with U.S. production bases are gaining a stronger advantage as Washington expands policies favoring domestically made equipment.

Analysts also expect Qcells’ expansion in North America to help improve earnings. Hana Securities projected Hanwha Solutions’ second-quarter operating profit this year at 230.7 billion won, about $153 million, roughly 29% above market consensus.

“The oversupply of solar modules in the United States is easing, and prices are continuing to rise, while the expansion of local production capacity in the United States will drive earnings improvement,” said Yoon Jae-sung, an analyst at Hana Securities.

Analysts say AI will further accelerate growth in renewable energy demand.

“Power demand is structurally increasing because of AI data centers, electrification and manufacturing reshoring, making solar power and energy storage key pillars of global power infrastructure,” said Han Byung-hwa, an analyst at Eugene Investment & Securities. “In particular, rising power consumption by AI data centers will continue to increase demand for large-scale projects combining solar power and energy storage.”

Qcells has completed or is pursuing more than 11 gigawatts of solar and more than 6 gigawatt-hours of energy storage projects in North America, expanding its local business base.

“Atlas Energy Park is a symbolic project that once again demonstrates Qcells’ EPC capability, U.S. supply chain and comprehensive business capacity from development to construction and asset sales,” said Chris Hodrick, head of Qcells’ EPC business division.

“We will lead the growth of the North American renewable energy market by increasing customer value and business competitiveness through integrated solutions that combine solar power and energy storage,” Hodrick said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260710010003926

July 10 (Asia Today) — U.S. Commerce Secretary Howard Lutnick called for Samsung Electronics and SK Hynix to expand production in the United States as Micron accelerates a major domestic investment plan, raising questions over whether Washington is signaling continued shortages in artificial intelligence memory chips.

Lutnick referred directly to Samsung and SK Hynix at Micron’s large-scale investment site in the United States. Micron is building a production plant in Clay, N.Y.

Lutnick said he wanted to bring Micron competitors Samsung Electronics and SK Hynix to the United States and have them build production facilities there.

The remarks drew attention in South Korea because Samsung and SK Hynix recently announced plans to invest 800 trillion won, about $530 billion, in the Honam region in southwestern South Korea. Industry officials had already expected Washington to push the Korean chipmakers to increase U.S. investment.

Because Lutnick directly named the two companies and urged investment, attention is now focused on how the remarks could affect Samsung and SK Hynix.

Some analysts also said the call for production investment in the United States, the central market for artificial intelligence, may indicate that memory semiconductors remain in short supply despite debate over whether the chip market is nearing a peak.

Micron said Wednesday it will expand investment in U.S. fabrication plants and technology to more than $250 billion by 2035. The company has set a goal of producing 40% of its DRAM in the United States and will move up part of its New York fabrication plant construction schedule.

Lutnick’s message that he also wants Samsung and SK Hynix to invest locally is fueling expectations that the surge in semiconductor demand could continue for some time.

Some stock market analysts have recently raised concerns that large artificial intelligence data center operators, known as hyperscalers, could slow the pace of investment. But industry officials still expect supply and demand to begin moving toward balance no earlier than 2028.

Others see Lutnick’s remarks as a sign that the U.S. government is reviving pressure for local investment after a quieter period. The comments came one day before SK Hynix’s Nasdaq listing of American depositary receipts, prompting speculation that Washington may want funds raised through the listing to be invested in the United States rather than South Korea.

Since 2025, the United States has imposed reciprocal tariffs and temporary import surcharges. Semiconductors are currently excluded, but the U.S. government has suggested it could impose tariffs of up to 100% on all semiconductor imports. Earlier this year, President Donald Trump pressured memory chipmakers to invest in the United States, saying companies that do not build plants domestically could face 100% tariffs.

With Samsung and SK Hynix recently announcing a combined 800 trillion won investment plan in South Korea, industry observers said pressure for additional U.S. investment could grow. Lutnick’s latest comments were seen as moving in that direction.

Similar views have emerged overseas. Japan’s Nikkei recently said that because Samsung Electronics and SK Hynix together account for about 60% of the global memory market, the U.S. administration could raise monopoly concerns and demand relocation or investment in the United States.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260710010003905

July 10 (UPI) — South Korea’s HD Hyundai Marine Solution said Friday that the company has teamed up with Japan’s Weathernews to commercialize an AI-powered shipping route optimization solution.

The former is the marine after-sales and digital solutions unit of shipbuilding giant HD Hyundai Group, while the latter is a leading provider of specialized weather intelligence to businesses and other consumers.

Recent pilot projects in South Korea showed that the integrated AI solution incorporating Weathernews’ meteorological data can reduce fuel consumption by at least 3%, according to HD Hyundai Marine.

The corporation noted that the new solution can be immediately deployed on vessels already using either company’s existing services without requiring additional hardware or software.

The two partners plan to gradually roll out the AI-based solution to about 8,000 vessels currently using their services. In addition, they agreed to pursue a range of collaborative initiatives, including jointly marketing the solution to global clients.

“This agreement is significant because it transforms our collaboration into a viable commercial business model,” HD Hyundai Marine CEO Kim Sung-joon said in a statement.

“We will deliver the best solution available to help shipowners achieve two key objectives of reducing fuel costs and complying with increasingly stringent environmental regulations,” he added.

The share price of HD Hyundai Marine jumped 4.17% on the Seoul bourse on Friday while the benchmark KOSPI rose 2.52%. That of Weathernews fell 4.26% on the Japanese stock market.