move

A federal judge in Oakland has approved a settlement that allows Paramount Skydance Chief Executive David Ellison to finalize his $111-billion acquisition of Warner Bros. Discovery.

U.S. District Judge Araceli Martínez-Olguín on Wednesday signed a settlement agreement, effectively ending an antitrust lawsuit brought by California Atty. Gen. Rob Bonta and 11 other state attorneys general who initially fought the formation of a new Hollywood colossus.

The judge did not offer additional conditions to an agreement struck last week between Paramount and the states, instead allowing Paramount’s negotiated settlement terms to stand.

“The Court finds the proposed settlement agreement reflects a procedurally sound resolution,” Martínez-Olguín wrote in her order.

Ellison is aiming to finalize the merger early next week, capping his meteoric rise into one of the industry’s most influential figures. The Ellison family claimed Paramount and CBS last year, and will now add HBO, CNN, TBS, HGTV and the film and television studio with rights to Batman, Harry Potter, Fred Flintstone, “Friends” and “The Pitt” to its sprawling media and entertainment portfolio.

His father Larry Ellison, through his company Oracle Corp., also owns a substantial stake in the social media app TikTok and is among the tech giants supporting development of artificial intelligence.

The settlement agreement, which spans five years, requires the combined Paramount-Warner Bros. to release at least 30 films in theaters each year, commit an additional $1.5 billion to domestic film production and set aside $47.5 million for workers who may be adversely affected by the merger. It calls for the creation of a five-member panel to monitor editorial independence of CBS News and CNN, although critics note the Ellisons control board appointments, diminishing its independence.

The agreement, known as a consent decree, also stipulates that Paramount won’t sell or close its Melrose Avenue campus in Hollywood or the larger Warner Bros. lot in Burbank. The combined company must instead operate the historic facilities “in a manner consistent with past practices” for at least five years.

Paramount will also face restrictions on how it wields clout during negotiations for distribution of its basic cable TV channels. An independent monitor is expected to oversee implementation of the settlement terms.

The merger has been unpopular in Hollywood and critics denounced the settlement as weak. Opponents accused Bonta, who led the negotiations with Paramount, of caving into pressure from Gov. Gavin Newsom and Los Angeles Mayor Karen Bass, who publicly urged Bonta to abandon his court fight.

“Our settlement with Paramount resolves our antitrust concerns in every market we brought in our case, protects competition and consumer choice, and centers the needs, concerns, and futures of California workers,” Bonta’s office said in a statement.

Los Angeles County’s Department of Economic Opportunity has estimated that the merger will result in the loss of 4,500 local jobs as Ellison seeks to integrate the two entities and cut costs. Paramount has promised investors that it will shave $6 billion in spending within three years.

“Allowing the Paramount Skydance-Warner Bros. Discovery merger to move forward with no meaningful structural remedies will cost jobs, mute creativity, weaken independent journalism, and damage our First Amendment rights,” the Block the Merger coalition said Wednesday in a statement.

Sen. Cory Booker (D-N.J.) last week urged Martínez-Olguín to order an independent review to evaluate the strength of the proposed settlement terms and determine whether the pact adequately addresses alleged violations of the Clayton Antitrust Act.

During a Thursday hearing, Martínez-Olguín questioned key deal tenets, including the five-year length of the agreement and the value of the Miramax film studio, which Paramount agreed to divest should the company fall short of its film goals. She also asked why the state attorneys general dropped so many of their initial demands in pursuit of a settlement with Paramount.

“In years to come, we’ll be able to point to this failure to put consumers over the monied interests of corporate consolidation as the tipping-point moment for media in this country,” the Block the Merger coalition said in its statement.

The judge noted that she recognized the deep disappointment by merger opponents, and heard their concerns about news independence and a potential lack of diversity in storytelling when the two studios consolidate.

“But these hopes and desires for the proposed consent decree to reach farther — to achieve more — do not rise to the level of legal violations upon which the Court can reject the parties’ negotiated resolution,” Martínez-Olguín wrote.

The lawsuit resolution ends months of acrimony over Ellison’s deal for Warner Bros. Discovery, which was stalled for two months after Bonta and 11 other state attorneys general sued, arguing the combination would violate U.S. antitrust law and thwart competition. The Writers Guild of America lobbed its own antitrust lawsuit in an attempt to foil the merger.

But Paramount dug in, and its lobbying reached a crescendo by early September. A parade of state and local politicians, including Bass and others, urged a settlement due to fears that Paramount might follow through on its threat to leave California unless Bonta retreated.

Bonta and his coalition then worked behind the scenes to hammer out a settlement with Paramount, which was announced Sept. 21.

Paramount’s bankers have since been pricing bonds and lining up loans needed to finance the buyout of Warner Bros. Discovery shareholders at $31 a share. Ellison’s team had hoped to price the offering months ago, and interest rates have since climbed.

Paramount is selling about $44 billion of bonds and $7.5 billion in loans to finance the takeover, according to Bloomberg, which said the combined company will have more than $87 billion of investment-grade and high-yield debt.

Larry Ellison has promised to guarantee $47.5 billion in equity that his son needs to close the deal. Three Middle Eastern sovereign wealth funds, representing royal families in Saudi Arabia, Abu Dhabi and Qatar have agreed to invest $24 billion in the merged company, giving them a substantial stake in the new Paramount-Warner Bros.

Paramount separately announced Wednesday that Mattel Chief Executive Ynon Kreiz would soon join the merged company as co-chief executive, running Paramount-Warner Bros. day-to-day operations. Friday will be Kreiz’s last day at Mattel.

MADONNA banned professional photographers from taking her picture during the Video Music Awards on Sunday night.

Multiple sources told The U.S. Sun that the snappers were issued very strict orders not to take a single pic of the Queen of Pop, 68, despite her making multiple appearances on stage throughout the night.

Madonna also skipped the VMAs red carpet entirely, when even superstar Taylor Swift willingly posed for photos.

“Photographers in the room were told they weren’t allowed to shoot Madonna,” a source explained.

“Only a couple of CBS photographers were given permission.

“She wanted to control the photos and approve what did and didn’t go out.”

fears for madge

Madonna, 68, sparks concern at VMAs after she’s violently thrown in show

The star was obviously visible in the main feed from the show, but very few high-resolution pictures were distributed to the media and fans throughout the night.

The U.S. Sun has reached out to Madonna for comment.

Madonna had a tumultuous night with her various antics throughout the annual awards ceremony.

She first sparked concern during her kick-off performance by appearing to grimace as fellow dancers threw her body onto a platform.

While many viewers thought her reaction was part of the dance, others thought she could be in pain.

Later on in the show, she appeared to wear a knee brace.

And during her speech for Best Dance performance, Madonna told a joke about holding a laser inside her butt.

Though she was referring to a scene from her Confessions II music video, the bit didn’t land with the audience.

Despite the mixed reviews to her performance and speeches, Madonna took home seven awards total at the show.

She later seemed to be feeling no pain while partying in her hotel suite with pals Charli xcx and Julia Garner.

The trio rolled around dancing in bed to her new song Danceteria in a TikTok posted in the wee hours of the morning.

Tehran, Iran – Hours after US President Donald Trump rejected a diplomatic solution put forward by Iran to reopen the Strait of Hormuz, explosions were heard in the waterway, according to Iranian media.

Reports of blasts near southern Iran’s Qeshm Island in the Strait of Hormuz suggested that multiple antiship missiles and drones were fired at vessels transiting the waterway against Tehran’s wishes.

While Iranian authorities did not confirm any attacks in the Strait of Hormuz that day, shipping continues to be attacked in the waters, including an Indian cargo ship last week, which killed a sailor.

The Islamic Revolutionary Guard Corps (IRGC) maintains that the strait is closed to any ship that does not coordinate with Iranian authorities. On Sunday afternoon, it released video of what it said was a second US underwater drone seized this month.

Tehran has issued instructions to shipping companies transiting the Strait of Hormuz to use a temporary route approved by Iranian authorities and pay relevant fees. But it has also said the strait will not fully reopen until the US blockade on Iranian ports ends.

Iran’s Persian Gulf Strait Authority announced on Saturday that it would blacklist any shipping charterer company which orders crews to use routes it considers to be unauthorised.

It also published what it described as an apology from an unnamed shipowner blaming commercial pressure from its charterer for trying to pass through the strait.

Washington still insists that its warships are successfully guiding oil tankers out of the strait via a different route. US Energy Secretary Chris Wright told Fox News on Sunday that the “running average” of crude oil in transit was nearly 13 million barrels per day.

A September 19 operational update by US Central Command claimed that its forces had helped move more than one billion barrels of crude out of the Gulf over roughly two months.

The US military also says its forces have redirected 122 commercial vessels to enforce the naval blockade of Iran’s ports, halting all Iranian crude exports.

Tehran has claimed that the US is providing false information regarding Strait of Hormuz traffic to project control over the key waterway. Shipping has been severely disrupted since the US and Israel started their war on Iran on February 28.

Andreas Krieg, associate professor at King’s College London, said Iran’s strategy of launching maritime attacks has spread the economic costs of the conflict beyond its borders.

While Iran has suffered economically from war damages, the US naval blockade and sanctions, it would be a mistake “to assume that reaching that threshold produces submission”.

“The next Iranian move is therefore likely to be an attempt to increase the pain experienced by the Gulf rather than simply absorb further American pressure,” Krieg said.

“That could mean more aggressive vessel interdictions in Hormuz, attacks on energy infrastructure, greater Houthi pressure around Bab al-Mandeb and pressure from Iranian-aligned groups against alternative Saudi export routes. We are already seeing how pressure on Hormuz, the Red Sea and Saudi infrastructure can interact.”

More escalation on the way

At the United Nations General Assembly in New York, Iran projected a message of defiance while also proposing to reopen the Strait of Hormuz within a week if its seven conditions were met.

They included lifting the blockade on Iran, the release of frozen Iranian funds and an end to attacks on all fronts, including Israel’s assault on Lebanon. The demands mostly amounted to a return to the June memorandum of understanding between the US and Israel.

Tehran has added that reopening the strait must be undertaken through a bilateral arrangement already finalised with Oman, the only other country with territorial waters in Hormuz.

US President Donald Trump told reporters he rejected the offer, but Iran’s Foreign Minister Abbas Araghchi said on Sunday they were adamant about the conditions and would await an official response through mediators, such as Pakistan, Qatar and Oman.

Abolfazl Shekarchi, chief spokesman of the Iranian armed forces, warned that if the US further intervenes in the Strait of Hormuz, “it will get slapped”.

“The Americans have no way out other than withdrawing from the West Asia region. The sooner they leave, the fewer losses they will incur and the region will certainly become safe after that,” he said.

Iranian army spokesman Mohammad Akraminia  said conditions were deteriorating so badly for the US that it might launch another “military aggression” on Iran.

Krieg said that as the US moves to isolate Iran via sanctions, Tehran, unable to respond with mutual financial measures against Washington, will be forced to rely on continued coercion in the Strait of Hormuz.

“The most likely level remains controlled attrition rather than an immediate return to the massive air campaign of the opening months,” Krieg said.

“Over the coming weeks, I would expect further attacks or attempted attacks on tankers, US-enabled shipping and regional infrastructure, followed by limited US strikes against IRGC maritime assets, coastal missile positions, drones or vessels involved in those operations. That tit-for-tat cycle has already re-emerged around Hormuz.”

SACRAMENTO — Donovan Walton hit a three-run homer and rookie Henry Bolte had his first four-hit game to help the Athletics beat the Angels 7-3 on Wednesday night.

The Angels (60-98) are trying to avoid the first 100-loss season in franchise history.

Lawrence Butler had an RBI single and Walton hit his ninth home run, a two-out shot off rookie Walbert Ureña (9-11) for a 4-0 lead in the first inning.

Bolte went four for five, scored two runs and had an RBI double in the second that put the Athletics (63-95) up 5-0.

Mike Trout and Vaughn Grissom hit back-to-back homers off Jeffrey Springs in the fourth to make it 5-2. It was the 22nd homer this season for Trout the 426th of his career, all with the Angels.

Grissom followed his 13th homer with an RBI single in the fifth to cut it to 5-3 and chase Springs.

Alika Williams and Bolte had singles off José Fermin in the sixth and both scored on a double by Shea Langeliers for the final margin.

Springs gave up three runs on five hits in 4 1/3 innings. The left-hander was 3-0 after his first four starts, but went 1-14 over his final 25. Geoff Hartlieb (2-1) got five outs for the win and Elvis Alvarado struck out two in the ninth to close it out.

Ureña yielded five runs and seven hits in four innings. The right-hander had given five runs in his previous three starts covering 21 innings.

Athletics catcher Brian Serven fouled a bunt off his left eye in the sixth and had to leave the game.

Spurs could move for Morgan Gibbs‑White, JJ Gabriel’s next step remains unresolved and Antonio Conte may be lining up his next move.

Tottenham Hotspur have set their sights on a possible £125m January move for Nottingham Forest star Morgan Gibbs-White, 26, after nearly signing the England international during the 2025 summer transfer window. (Football Insider), external

Manchester United are looking at Lens’ Portugal youth international midfielder Mezian Mesloub, 16, as they bid to strengthen their young talent pool. (Teamtalk), external

The Old Trafford outfit remain keen to keep wantaway English forward JJ Gabriel, 15, who has been linked with a move to Real Madrid and Barcelona, with Chelsea now joining the battle to sign the teenager. (Teamtalk), external

Manchester United are monitoring Italian manager Antonio Conte, 57, as a possible replacement for current boss Michael Carrick, should the former England international’s position at the club become untenable. (Hard Tackle), external

AC Milan and Juventus are also keeping tabs on Conte, who is waiting on the right opportunity to begin his next project after leaving Napoli in the summer. (Calciomercato – in Italian), external

Atletico Madrid have reignited their interest in Bayer Leverkusen’s young sensation Ibrahim Maza, 20, as they look to strengthen their midfield. (Goal), external

Liverpool, Manchester City, Fulham, and Tottenham are among several Premier League clubs monitoring 24-year-old Venezula and Real Sociedad defender Jon Aramburu. (Teamtalk), external

Liverpool have held initial talks with Monaco and Senegal midfielder Lamine Camara, 22, over a potential January move. (Caughtoffside), external

Arsenal are interested in 23-year-old Borussia Dortmund and Germany forward Maximilian Beier. (Teamtalk), external

Newcastle face competition from Barcelona for Djurgarden and Norway midfielder Bo Hegland, 22. (Football Insider), external

Tehran gives Swedish official 48 hours to leave as Iran says Stockholm is bowing down to outside pressure.

Iran has ordered a Swedish diplomat to leave the country one day after Sweden expelled an Iranian embassy official in Stockholm.

Sweden’s action was described by Iran’s Ministry of Foreign Affairs as “unjustified” on Thursday.

“Without doubt, this action by the Swedish government is the result of the influence of the Zionist regime and an effort to disrupt the normal activities of the Islamic Republic of Iran’s Embassy in Stockholm,” the Foreign Ministry said in a statement, Iran’s IRNA news agency reported.

Iran’s Foreign Ministry said its director general for Western Europe, Alireza Yousefi, summoned the Swedish ambassador in Tehran on Thursday. Yousefi protested Sweden’s policies, including its “⁠hosting of anti-Iranian terrorist elements and groups”.

The ministry said Iran would take necessary measures to safeguard its national rights and interests, including through reciprocal action.

IRNA reports that in response to Sweden’s actions, the ambassador was informed in the meeting that a Swedish diplomat in Tehran had been given 48 hours to leave Iran.

Sweden expels Iranian official

Sweden’s Ministry for Foreign Affairs announced on Wednesday that the Iranian official was asked to leave the country due to activity incompatible ‌with ⁠the Vienna Convention on Diplomatic Relations.

The Vienna Convention defines ⁠the rules of ⁠diplomatic missions.

The Iranian Foreign Ministry also referenced Sweden’s obligations under international law, including the 1961 Vienna Convention on Diplomatic Relations, warning that disruption of the Iranian embassy’s duties would entail Sweden’s international responsibility, reported IRNA.

Swedish Foreign Minister Maria Malmer Stenergard said the decision to expel the Iranian official was taken to protect Swedish citizens and interests.

Swedish Justice Minister Gunnar Strommer told state television that the decision involved Iran’s alleged activities against “Jewish and Israeli interests”.

“We know that Iran, over a long period of time, has conducted activities that threaten security in and against Sweden,” Strommer said, adding that Iran was “making use of criminal networks” to achieve its objectives.

WASHINGTON, United States: The US Federal Reserve on Wednesday raised interest rates for the first time since 2023, defying President Donald Trump’s demand for cuts, as central bank chief Kevin Warsh stressed the need to combat inflation that has been “too high” for “too long.”

The Fed’s Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent, saying the rate hike would support a “timelier return” to its two-percent target for inflation.

Warsh, appointed by Trump, said the decision was a “serious” one, but needed to be taken.

“The plain fact is that inflation is too high, and has been for too long,” he told a press conference.

And Wednesday’s rate hike may not be the last — the vast majority of Fed policymakers indicated that at least one more rate hike was likely necessary before the end of the year, according to their Summary of Economic Projections.

US households and businesses have been battered by years of higher-than-target inflation, and prices have surged in the wake of Trump’s war on Iran, his signature tariff policies and the ongoing AI boom.

Trump has launched an unprecedented assault on the Fed’s independence since taking office, attempting to fire a Fed Governor and launching a criminal probe against Warsh’s predecessor in his quest for lower rates to spur economic activity.

The president’s Republican Party faces a stern test in upcoming midterm elections, with rival Democrats seeking to wrest control of both houses of Congress and economic issues front-and-center for voters.

Growing calls for hike

The Fed has held rates steady since January, choosing to wait to gauge the effects of the Iran war’s energy price shocks and to let the impact of tariffs on prices ripple through the economy.

Since July, however, a growing faction of policymakers had indicated a rate hike may be required to tame inflation, as the war grinds on and prices remained elevated.

On Friday, August’s consumer price index came in at 3.4 percent — unchanged from the month before, but still well above the Fed’s long-term two-percent target.

In its SEP, the Fed raised its forecast for its preferred gauge of inflation — the Personal Consumption Expenditures (PCE) price index — by 0.1 percentage points to 3.7 percent by year-end.

The Fed also raised its projection for GDP growth by year-end to 2.3 percent, up 0.1 percentage points.

‘Rather unfortunate’

US stock markets largely priced in Wednesday’s rate hike, but they were still down on the news — expected with any rate hike as equities become less attractive.

Yields on 10-year US Treasury bonds — which have surged in recent days as uncertainty on long-term inflation has spiked — were also up past the five-percent threshold.

Following the Fed’s announcement, White House spokesperson Kush Desai said the decision was “rather unfortunate” and that Trump had been clear that he wanted lower interest rates.

Warsh was named to his position after a contentious Senate confirmation process, where Democratic lawmakers accused him of being a “sock puppet” for Trump, which he denied.

So far, Trump has supported Warsh, claiming that the Fed chair wants lower rates and accusing the board of being “political.”

The Fed has a dual mandate to deliver maximum employment while keeping inflation to its long-term two-percent target.

It mainly achieves these goals by setting the key US interest rate — lower rates tend to spur economic activity but fuel inflation, and hiking them cools both activity and prices.

The Fed’s SEP showed that at least 12 of 18 policymakers who participated in the projection expected one more rate hike would be required before the end of the year.

Four policymakers expect two more rate hikes to be required.

Warsh has criticized the Fed’s policy of offering such projections in the past and did not participate in the previous iteration in June.

This projection also included only 18 policymakers, suggesting he had once again withheld his contribution.

“American Idol” is packing up its stars after 25 years in Hollywood.

In the latest blow to Los Angeles film production, ABC’s long-running program will move its upcoming season to the Atlanta area, according to Fremantle, which produces the show with 19 Entertainment, owned by Sony Pictures Television.

Fremantle declined to comment further.

The move comes as Los Angeles’ production levels have tumbled, prompting concern from film workers, union leaders and elected officials who are scrambling to address the crisis. California, despite boosting its tax incentive program, has been struggling to compete against other states that offer more lucrative credits.

TV production activity in the L.A. region was down 27% in the second quarter compared with the same period a year ago, largely because of fewer reality TV shoots, according to the nonprofit FilmLA.

Earlier this year, another broadcast TV stalwart, Fox’s “The Masked Singer,” made plans to vacate its space on the Fox lot on West Pico Boulevard in Los Angeles and head to New Jersey, also in search of more lucrative tax credits. Another ABC hit, “Shark Tank,” also is relocating to Atlanta from its longtime home base on Sony’s Culver City lot.

“American Idol” has been a local economic engine since launching on Fox in 2002. For years, the show ranked as the No. 1 show on TV and employed hundreds of workers each season as aspiring singers hoped for their big break.

The most recent season originated from Red Studios in Hollywood.

Georgia offers generous tax incentives, including up to a 30% tax credit for reality television productions that spend at least $500,000 in the state. Unlike California, Georgia’s tax program allows compensation for actors and other so-called above-the-line workers to be included.

Like California, Georgia has been grappling with lower production levels. For more than a decade, its soundstages attracted colossal movie productions, but the region was dealt a blow when the Walt Disney Co. recently shifted production of its Marvel superhero films to facilities near London.

On Tuesday, a bipartisan coalition of lawmakers, the Motion Picture Assn., industry unions, Hollywood special ambassador Jon Voight and filmmaker Steven Paul made a pitch for a federal film and television tax credit to keep jobs in Hollywood and in the U.S. broadly.

Rep. Laura Friedman (D-Glendale) plans to introduce a bill into Congress as early as this month in collaboration with Rep. Brian Jack (R-Ga.), who represents a district southwest of Atlanta. The MPA released a study estimating a federal tax credit could add 143,000 film and TV jobs.

This year, in particular, has seen big swings as the California Film and TV Tax Credit Program expanded eligibility to include competition shows.

Large-scale competition shows are eligible under the state’s incentive program if they have a minimum budget of $1 million per episode. The credit, however, does not include traditional reality shows, game shows, talk shows or docu-follow television programs.

Changes in California’s formula resulted in a jump to 676 shoot days in the second quarter, compared with 463 shoot days during the first three months of the year. Nonetheless, this year’s April-June quarter still reflected an almost 40% decline when compared with the same time last year.

FilmLA said that over the last five years, reality productions have plummeted nearly 63%.

ABC in late July announced “American Idol” was returning, marking its 10th season on the Walt Disney Co. network. Producers are auditioning potential contestants this week during stops in Georgia, North Carolina and South Carolina.

ABC declined to comment on the move.

Ryan Seacrest has long hosted the show, which last season featured Lionel Richie, Luke Bryan and Carrie Underwood, a previous “American Idol” champion, as the celebrity judges.

Deadline first reported the planned move to Georgia.

Game shows are also leaving L.A.

A growing number of programs long based around Hollywood and New York have headed across the ocean to Ireland and Britain to take advantage of tax credits that bring down the cost of production as broadcast network executives contend with shrinking audiences and lower profit margins.

Fox currently has several prime-time game shows produced overseas, including “The Floor,” “Celebrity Name That Tune” and “Beat Shazam.

Staff writer Stephen Battaglio contributed to this report.

LONDON — Prince Harry and his wife, Meghan, have moved their two children to a new school over security concerns, a spokesperson said Tuesday, just weeks after the family returned to the U.K. to make a fresh start.

“The decision for the children to move school was taken following a discussion with the family’s security team about the practicalities of their current arrangements,” the spokesperson said in a statement.

Prince Archie, 7, and Princess Lilibet, 5, had only just started the new school year in England after the family relocated from California in late August.

British media reported that the distance of the school run and the heavy traffic on the route were among the concerns raised by the couple and their security team. The family is living at a private, non-royal residence outside of London.

“This decision should in no way be interpreted as a reflection on the school or the exceptional care the children have received there,” the statement added.

The news followed reports that Harry and Meghan were awaiting a new risk assessment from the government committee that reviews protection of VIPs, including a decision on whether the family should be entitled to publicly funded security now that they live in the U.K.

Harry and Meghan gave up their royal duties and moved to California more than six years ago, saying they wanted to earn their own living. They later signed lucrative contracts with Netflix and Spotify.

Although relations with the rest of the royal family have soured since then, Harry has recently expressed an interest in reconciliation so he could spend more time with his father, King Charles III.

Harry has fought a long-running battle with Britain’s government for the restoration of publicly funded police protection, which was canceled when the couple gave up their royal roles.

He had previously said he couldn’t “see a world in which I would be bringing my wife and children back to the U.K.” without a security guarantee.

Earlier this month, the king reiterated that Harry and Meghan remain non-working members of the royal family and would continue to refrain from using formal royal titles, such as his royal highness and her royal highness, as they have done since 2020. The couple said they were surprised by the way the monarch issued that statement because they were given little time to review it.

Gabriel Jesus claims he was forced to train alone before Barcelona move, but Arsenal ‘surprised’ by criticism.

Arsenal boss Mikel Arteta said he was “very surprised” by Gabriel Jesus’s claim that he was forced to train alone and was given no information prior to joining Barcelona.

Jesus ended his four-year spell with the Gunners in September and has since made it clear he felt disappointed with the way his exit was handled.

The Brazilian striker said in an interview this week that “out of nowhere they put me to train apart from the group,” adding that “nobody told me nothing” before he signed for Barcelona.

Responding to Jesus’s criticism, Arteta insisted he had spoken to the former Manchester City star about the transfer and had parted on good terms.

“Very surprised, to be fair. Especially because with Gabi (Jesus) I had an individual talk in the dressing room,” he told reporters on Friday.

“I don’t know what words were said; it’s fine. The words that we used were all about gratitude.”

Arteta also came under fire from former Arsenal striker Ian Wright, who recently said he was “uncomfortable” with what he perceived to be a lack of dialogue between the club and Gabriel Martinelli, who moved to Saudi Pro League side Al Hilal on September 3.

But Arteta used the presence of Leandro Trossard, who was sold to Besiktas in July, to watch Arsenal’s victory over Chelsea last weekend as an example of the club’s bond with their former players.

“I don’t know, it’s OK. Sometimes I understand that when you have to deliver bad news, or news that people don’t expect, somebody has to be the bad cop. If I have to be, I have to be and I understand,” he said, before the Premier League champions’ trip to Sunderland on Saturday.

“What is important is normally what happens three months or six months later. When Trossard comes, he’s in the dressing room with all of us, the atmosphere and the relationship you have.

“Thank God so far that with all the players that left, at some point the relationship has been really good. I hope this is the same case.”

LIV Golf and its related entities have filed for Chapter 11 bankruptcy protection four years after the league’s debut as a heavy-spending, player-friendly alternative to the PGA Tour.

Rather than signal the end of LIV, though, the move is designed to help the league move into the future without Saudi funding.

“We are excited about what lies ahead and yet, there is still much to accomplish in the months ahead,” CEO Scott O’Neil said in a statement released by the league on Tuesday. “We believe deeply in LIV Golf’s future, the opportunity in front of us, and the people who will help us realize it. We will not rest until we deliver on LIV Golf’s full potential.”

After launching in June 2022, LIV once paid nine-figure signing bonuses to lure away top players from the PGA Tour. Spending had reached an estimated $6 billion by the time the Public Investment Fund of Saudi Arabia decided to end its financial support in April.

On Tuesday, LIV said it has entered a restructuring support agreement with BC Partners Advisors and voluntarily entered a court-supervised restructuring process under Chapter 11 in the United States Bankruptcy Court for the District of New Jersey.

Last month, O’Neil announced a long-term plan that would have the golfers become the majority equity holders in the league. In a letter to fans on Tuesday, he said that this week’s moves are steps toward the league’s long-term goals.

“Now it is time to enter the next phase of LIV Golf,” O’Neil said. “Today, we took an important step forward to get there. LIV Golf has entered a court-supervised restructuring process that provides us with the time and framework to address previous financial obligations and complete a transaction that will make the League’s next phase a reality. Put simply, this process is designed to build a stronger and more sustainable future for LIV Golf.”

O’Neal said the new league model will expand the field for events from 57 to 75 players, introduce a 54-hole cut and create Monday qualifiers. It will “be built around a sustainable business model and deeper alignment between players and the League, with team golf at its core,” he wrote.

“Players will have the opportunity to share directly in the value they help create, while teams will be positioned to grow into enduring global sports businesses. And fans will remain at the center of everything we do.”

In its bankruptcy filing, LIV listed estimated assests of between $100 million and $500 million and liabilities of between $500 million and $1 billion. Players Jon Rahm, Bryson DeChambeau, Dustin Johnson and Cameron Smith were listed as the four leading creditors.

The league ended its season in August. Four vendors already have filed lawsuits because they have not been paid.

The Associated Press contributed to this report.

NEW YORK: Elena Rybakina is headed to the US Open semifinals and to the top of the women’s tennis rankings.

Rybakina edged Zheng Qinwen 3-6, 6-1, 6-4 on Wednesday, guaranteeing she will become No. 1 in the WTA rankings.

The Australian Open champion will face No. 4 Coco Gauff or No. 5 Mirra Andreeva on Thursday. Top-ranked Aryna Sabalenka faces No. 3 Jessica Pegula in the other semifinal.

But no matter what happens in the remaining matches, Rybakina will end Sabalenka’s 99-week stay at No. 1 when the new rankings are released Monday.

“It’s just a number right now and of course I’m in the semis so my goal is to win the tournament,” Rybakina said. “It’s an amazing achievement but you know how quick everything can change in tennis, ranking-wise, during the match, so I feel like I just need to focus on my game, try to recover and enjoy tomorrow.”

Rybakina and Zheng were scheduled to start about eight hours after Ben Shelton finished off his victory over defending champion Carlos Alcaraz at 3:33 a.m., the latest finish in U.S. Open history.

Rybakina said she struggled with the sun and shadows in Arthur Ashe Stadium early on after starting later in the day in her previous matches.

Zheng capitalized on Rybakina’s early struggles to get her only break of the match against one of the best servers in women’s tennis and take a 5-3 lead in the first set.

But Zheng, who had been playing from behind so much in Flushing Meadows, couldn’t hold onto the lead and Rybakina rolled through the second set in 38 minutes.

Zheng, the 2024 Olympic gold medalist from China, had to come through the qualifying tournament just to make the main draw after elbow surgery dropped her down the rankings to her current place of No. 121. Once ranked No. 4, she is guaranteed to move back into the top 60.

She made a dramatic run to the quarterfinals, erasing a 5-0 deficit in the third set against Madison Keys in the third round and then climbing out of another 5-0 hole in the first set in her fourth-round victory over No. 8-seed Iga Swiatek.

But a double-fault gave her opponent a 5-4 lead in the third set and Rybakina served it out to reach the U.S. Open semifinals for the first time.

“I think the wins that I had so far are great, but obviously today in the match I got a lot of chances in the third set, but I didn’t take it,” Zheng said. “That was a bit pity for me to lose this match, but obviously I could take positive things from U.S. Open this year.”

Rybakina came into the tournament needing only to reach the semifinals to ensure she would move past Sabalenka. Had the 27-year-old from Kazakhstan lost before the final four, Sabalenka, Pegula or Gauff could have been No. 1 next week by winning the tournament.

Top-seeded Alexander Zverev was to face Botic van de Zandschulp in one quarterfinal match Wednesday, with No. 28 Alexander Blockx playing Karen Khachenov in the other. The winners will meet Friday, the same day Shelton and No. 11 seed Frances Tiafoe will square off in an all-American semifinal match.

“It’s terrible for Israel and for Israel’s future, it’s not what Judaism teaches and it’s deeply wrong”, he added.

Supported by other Rabbis in the liberal and progressive UK Jewish communities, Rabbi Wittenberg believes that it is possible to support Israel, be concerned for the safety of British Jews, and that it is right for the UK government to take action to protect Israelis and Palestinians.

However, he also said he was “extremely sad that it’s come to this” and that he shared the “concerns of the Jewish community leadership that people will use this for antisemitism and for demonising Israel even further”.

Chief Rabbi Sir Ephraim Mirvis, who represents the Orthodox community, previously said the sanctions marked a “truly dark day” and placed British Jews at greater risk of attacks.

In Golders Green – where ambulances run by a Jewish medical charity were set on fire and two visibly Jewish men were stabbed in what police called a terror attack earlier this year – there was concern the government’s actions against Israel would increase attacks against British Jews.

“It’s so tricky because, in principle, I agree with opposing these new settlements,” Michael Cohen, who works for a Jewish charity, told the BBC.

But he added: “The timing of it, I think, was completely… just self interest for the Labour Party, signalling before a by-election, before the party conference.”

He said the practical impact of the move would be “almost zero”.

One woman, who runs a jewellery shop that was was twice cordoned off due to incidents in Golders Green, was very critical of the sanctions and said she would “make it my mission” to continue to buy Israeli goods whenever she could.

“We have to [support] our own because no one else is going to”, Deborah Miller told the BBC.

At the end of the week, Jewish congregations will celebrate Rosh Hashana, the Jewish New Year.

Police are already increasing security around Jewish areas to protect communities who have faced multiple attacks this year and are fearful of more.

The number of antisemitic incidents recorded across the UK since the start of the year is up by a fifth compared to last year, figures show.

The Community Security Trust (CST), an organisation that provides security support to the Jewish community, recorded 1,926 incidents of anti-Jewish hate across the UK in the first six months of 2026.

The Crime Survey for England and Wales, external, estimates that only 44% of hate crime incidents between April 2022 and March 2025 came to the attention of the police.

Billionaire comedy duo Trey Parker and Matt Stone are unveiling a new name for “South Park” ahead of the show’s 29th season: “South America.”

The satirical series’ name change follows President Trump’s renaming of Lake Ontario to Lake America amid the escalating U.S.-Canada trade war. Last week, tech behemoths Apple and Google honored Trump’s executive order and renamed the Great Lake on their maps for U.S. users.

Parker and Stone made the announcement on social media on Tuesday, writing, “Inspired by the bravery and patriotism of Apple and Google, we are changing the name of South Park to SOUTH AMERICA. We especially want to thank our parent company Paramount — a Skydance Capitulation.”

The duo also jabbed at their parent company and its new owner, Skydance Media, for what media critics have characterized as caving to the Trump administration’s Federal Communications Commission. The “capitulation” involved controversial corporate and programming adjustments as well as agreeing to a $16-million settlement over a lawsuit brought by Trump involving a “60 Minutes” segment to get Paramount’s $8-billion merger with Skydance approved.

Last year, following a particularly incendiary episode of the show — in which a parody of Trump has an X-rated fling with Satan, and the president is portrayed as having an animated micropenis — the White House issued a statement to Variety slamming the series.

“The Left’s hypocrisy truly has no end — for years they have come after ‘South Park’ for what they labeled as ‘offense’ [sic] content, but suddenly they are praising the show,” White House spokesperson Taylor Rogers said in a statement to the outlet. “Just like the creators of ‘South Park,’ the Left has no authentic or original content, which is why their popularity continues to hit record lows.”

Last week, “South Park,” won an Emmy Award for outstanding animated program. And last summer, Parker and Stone reached a five-year, $1.5-billion deal with Paramount to secure exclusive global streaming rights on Paramount+, making the series one of television’s most valuable shows and its creators two of the highest-paid comedy writers in the biz.

The 29th season of “South America” premieres Sept. 16 at 10 p.m. on Comedy Central.

This article appears in the September 2026 issue of Global Finance Magazine.

The European Investment Fund (EIF) has appointed Jean-Christophe Laloux as its next CEO, effective Jan 1. He will succeed Marjut Falkstedt, who plans to retire. 

Laloux currently leads the European Investment Bank’s lending and advisory operations in the EU and has spent more than two decades at the EIB. He has helped develop financing tools for high-growth technology companies, infrastructure, climate projects, and private-sector investment, including venture debt, risk-sharing mechanisms, and project finance. 

EIF Chair Nadia Calviño praised Laloux’s track record in developing innovative financing tools to support Europe’s technological competitiveness. Before joining the EIB in 1999, Laloux worked at Boston Consulting Group and PricewaterhouseCoopers. —Anthony Noto

Mike Jool and Adeel Khan will take the reins of Barclays’ investment bank business in February as co-CEOs, subject to regulatory approval. Jool will join the bank early next year from Bank of America, where he most recently co-headed global investment banking. Khan currently leads Barclays’ global markets.

Each will have a seat on the bank’s group executive committee. “Since 2023, our investment bank has delivered a strong performance, growing revenues and returns and driving a more integrated service for clients,” said C.S. Venkatakrishnan, Barclays Group chief executive.

“As we enter the next stage of our strategy, and reflecting the ambition we have for our investment bank, Adeel and Mike will form a strong partnership to deliver an even stronger, more integrated service to our clients.”—Rob Daly

Standard Chartered PLC confirmed the appointment of Manus Costello as Group CFO and executive director. Costello’s appointment, initially announced in May, formalizes his role atop the emerging markets-focused banking group. 

The 25-year industry veteran spent 14 years at AllianceBernstein, rising to global head of research, and earlier served as senior director of equity research at Merrill Lynch.  

Since joining Standard Chartered in 2024 as global head of Investor Relations, Costello has made “a significant contribution to the group’s strategic positioning and engagement of stakeholders, while also bringing strong rigor and an entrepreneurial mindset to the role,” CEO Bill Winters said in a press release. —Luca Ventura

Swiss private bank Julius Baer appointed Peter Burrill as CFO and member of the Executive Board, effective August 17, subject to regulatory approval. He joins from Standard Chartered, where he was interim group CFO for nine years. Before that, Burrill spent nearly four years at Deutsche Bank as group controller and co-head of group finance, He succeeds Evie Kostakis after a top management shake-up. 

“We are delighted to welcome Pete to Julius Baer,” Bollinger said in a press release. “He brings profound depth and breadth of financial expertise, having led the full range of finance and regulatory functions. With extensive international experience across our core markets and working at a bank strongly focused on wealth management, he will be an outstanding addition to our team.” —LV

The announcement revives a 2023 commitment by President Tshisekedi and comes as several governments signal plans to deepen diplomatic ties with Israel.

The Democratic Republic of the Congo (DRC) has reiterated its decision to move its embassy in Israel to Jerusalem, becoming the latest country to announce such plans.

Following a visit to Israel by President Felix-Antoine Tshisekedi, both countries said in a statement on Thursday that they would take steps towards “the relocation of the embassy of the Democratic Republic of the Congo from Tel Aviv to Jerusalem”, AFP news agency reported.

The plan dates back to September 2023, when Tshisekedi met with Israeli Prime Minister Benjamin Netanyahu at the United Nations General Assembly in New York.

In 2020, the DRC president announced plans to appoint an ambassador to Israel after two decades and establish an economic section of the embassy in Jerusalem while the embassy remained in Tel Aviv.

The relationship has since expanded. Israeli President Isaac Herzog visited the DRC capital, Kinshasa, in November. Tshisekedi has spoken warmly about Israel for years, saying his support is driven by his Christian faith. He has also been eager for support from the United States, which has increasingly pressured Rwanda over armed rebel advances in the DRC.

Why does the embassy move matter?

The announcement comes weeks after Colombia’s new hard-right president, Abelardo de la Espriella, also announced that he would move his country’s embassy to Jerusalem, a sharp shift from his leftist predecessor who criticised Israel over its genocidal war on Gaza.

The United States moved its embassy to Jerusalem in 2018 during President Donald Trump’s first term. Fiji, Guatemala, Honduras, Papua New Guinea and Paraguay have followed.

Kosovo and Somaliland, which are not UN member states, also maintain missions they consider embassies in the city.

Most countries that have diplomatic relations with Israel keep their embassies in the Tel Aviv area, maintaining that Jerusalem’s final status should be determined through negotiations between Israelis and Palestinians.

Israel considers the entire city its capital and has encouraged foreign governments to establish embassies there. Palestinians want occupied East Jerusalem to serve as the capital of a future Palestinian state.

The UN Security Council has rejected measures seeking to alter the status of Jerusalem and has called on countries not to establish diplomatic missions there.

California lawmakers have voted to shift a state forest system away from commercial logging and pave the way for tribal co-management, delivering a win to a movement rooted in the historic timber wars.

Managed by the California Department of Forestry and Fire Protection, or Cal Fire, the state’s 14 demonstration forests are currently required to produce and sell timber to show — or “demonstrate” — sustainable practices, while considering factors like recreation and wildlife.

AB 2494 eliminates what’s often cast as a logging mandate, instead prioritizing values such as carbon storage, wildfire resilience and biodiversity conservation. There could still be logging, but it would need to support those principles.

It also directs state officials to seek agreements with Native American tribes to integrate their traditional knowledge into managing the land. The bill now heads to Gov. Gavin Newsom’s desk.

“We don’t need more demonstrations of what clear cutting does to a forest — we have plenty of those,” said Assemblymember Chris Rogers (D-Santa Rosa), who authored the bill. If the forests are being used to show how to boost commercial logging gains, “then that is not how we want to use our public assets.”

At the center of the discussion is Jackson Demonstration State Forest, spanning nearly 50,000 acres in Mendocino County. For decades, loggers and environmentalists have clashed over the fate of its stately redwoods.

About five years ago, tensions reignited when community members caught wind of plans to cut towering trees near the coastal town of Caspar.

Tribes whose historic homelands fall within the forest became leading voices in the effort to halt logging, with the Coyote Valley Band of Pomo Indians’ Priscilla Hunter emerging as a major force. She has since passed away but her legacy looms large in the movement.

While running for his assembly seat representing the North Coast, Rogers heard from constituents and local politicians who wanted to see the forest run differently. The bill grew in part out of those discussions.

Polly Girvin, Hunter’s former partner and a retired lawyer focused on Native American issues, called AB 2494’s passage by the Legislature “nearly miraculous.”

“We’re at a time right now where scientists are going to have to reach across the table to the Indian voice,” she said. “They feel they have a sacred obligation to manage their forest, not for commercial logging per se. So I think it’s really a meeting of science and the sacred.”

Some backers say the bill offers a new economic path forward for communities behind the so-called redwood curtain. With the decline of logging and cannabis as livelihoods, they see income from tourists attracted by ultramarathons, mushroom foraging and other outdoor activities as a financial savior.

But the push to reshape forest management is fiercely opposed by loggers and mill owners, who say their work is sustainable and provides blue-collar jobs in a region where they’ve dwindled. Already California imports most of its wood from Oregon, Washington and Canada.

The Mendocino County Board of Supervisors has supported the bill, but it’s opposed by the Rural County Representatives of California, an advocacy group representing 40 counties.

Staci Heaton, senior policy advocate for the organization, said they’re concerned that the new management goals are so vague they would expose forest projects — including wildfire research — to costly lawsuits.

“We’ve experienced the majority of the largest wildfires across the state over the last decade, and it is paramount that research and forest management knowledge be fostered in these demonstration state forests so that it can be used statewide,” Heaton said.

Currently, money from logging — roughly $8.5 million a year — pays for management of the demonstration forests. Under the latest iteration of AB 2494, it will remain one source of funding but not the only one, Rogers said.

Cal Fire’s Kevin Conway believes that if the bill becomes law, it will, in practice, limit funding. So they’d likely look to bring in money by charging day-use and other new recreation fees.

Conway, who is the agency’s chief for resource protection and improvement, added that some aspects of their mission wouldn’t change; the land would remain “actively managed.” For instance, he called wood products “a big part of our climate strategy in the built environment” and suggested it would still be prudent to understand how they’re produced in California.

“We don’t think that just locking up your forest and making a tree museum longterm will deliver biodiversity, carbon, recreation — all these things,” he said. Cal Fire has not taken a position on the legislation.

Newsom has until Sept. 30 to sign or veto the bill.

Who’s house? Angels’ house!

To all you long-suffering Halos fans, light that baby up, because salvation is at hand.

His name is Stan Kroenke, and he’s Rams tough, and he’s just spent a record $4 billion to transform your slumbering baseball organization into something that dazzles like Matthew Stafford and dominates like Myles Garrett.

Kroenke, whose illustrious ownership of the Rams resulted in their move to Los Angeles, a $5.5-billion stadium, and a Super Bowl championship, has agreed to take control of the Angels’ carcass from Arte Moreno in the franchise’s best move since Darin Erstad caught that fly ball on Oct. 27, 2002.

Rams owner Stan Kroenke holds up the Lombardi Trophy after his team beat the Bengals to win the Super Bowl at SoFi Stadium in 2022.

(Wally Skalij/Los Angeles Times)

This is huge. This is landscape altering. This is like Southern California just added an expansion team led by one of the best owners in sports.

For the Angels, currently the second-worst team in baseball and on track to finish a league-worst 12th consecutive season out of the playoffs, this is downright life changing.

Kroenke builds. Kroenke spends. Kroenke wins.

The sale is not expected to close until early 2027, so change will come slowly, but buckle up, because a bumps-be-damned renovation is coming.

First, the Angels are getting a new stadium. Kroenke hasn’t confirmed it, but it’s surely happening. He’s a real estate guy at heart who loves turning empty lots into palaces and that’s what he’ll do in Anaheim.

You think SoFi is nice? Here’s guessing the new Angels stadium will be nicer, and surrounded by the sort of commercial baseball village sprouting up all over the major leagues. The stadium and its environs will offer everything the Dodgers can’t, and may just steal a few fans in the process.

Second, the Angels are getting new swashbuckling leadership. Don’t know who, but expect the new general manager to be the kind of leader who will boldly sacrifice the future to win now, because that’s what Kroenke does, he wins now. Think baseball’s version of Les Snead.

Third, the Angels are getting one of the game’s bright young managers. Don’t know who, but he will be a guy who’s big on analytics and even bigger on the human touch, and he’ll probably be very young and very anonymous and eventually very successful. Think baseball’s version of Sean McVay.

The overall theme of Kroenke’s leadership will be championship or bust. He hates finishing second, and has left no stone unturned in giving the Rams every opportunity to succeed.

When he brought the Rams back to Los Angeles in 2016, he gave the team all of 13 games before firing then-coach Jeff Fisher after going 4-9. Soon thereafter he made 30-year-old McVay the youngest coach in NFL history and they’ve since become arguably the most admired franchise in the NFL.

Kroenke wins both on the field and in the community. His entire operation, which also owns the Denver Nuggets of the NBA, the Colorado Avalanche of the NHL, the Colorado Rapids of MLS and Arsenal of the Premier League, is led by Kevin Demoff, a lifelong Angeleno who understands and works the local market as well as any sports executive ever. The community has become saturated with Rams, and the same will be happening with the Angels as they increase their reach into Los Angeles County, something Moreno tried but could never pull off.

The name will remain the Los Angeles Angels, not because Kroenke doesn’t like Anaheim, but because he knows his investment must expand out of Orange County to eventually reap rewards.

“The Angels are a storied franchise anchored in a great market,” Kroenke said in a statement. “We look forward to an exciting future with the Angels organization.”

Storied. Anchored. Exciting. Those are words you rarely heard about the Angels under Moreno, whose 23-year stewardship began with a cheer and ended with a whimper.

Angels owner Arte Moreno has agreed to sell the team to Rams owner Stan Kroenke.

(Sean M. Haffey / Getty Images)

Remember how, in his first news conference after buying the team from Disney, he lowered beer prices? He was fun, he was innovative and he was the first Latino majority owner in major American team sports. It was all so cool, and the team responded with five American League West titles and two appearances in the American League Championship Series.

But he eventually made some terrible free-agent decisions — bringing in Albert Pujols, Josh Hamilton and Vernon Wells — and slowly lost touch with a winning formula.

The last straw was four seasons ago when he refused to trade star Shohei Ohtani and eventually lost him to the Dodgers in a free-agent bidding war he reportedly could have won.

In the end, fans were chanting for him to get out and this columnist wrote that he should sell the team … to Stan Kroenke.

Somebody listened!

It’s a sweet marriage, a perfect match, an outcome that deserves to be accompanied by the words of the late, great Rory Markas.

“Just another Halo Victory!”

Is it ever.