names

Messi, Ronaldo, Haaland: Are fans now more invested in star names than clubs?

The game has changed quickly.

It was the summer of 2018, days before France kicked off their World Cup-winning campaign that Antoine Griezmann laid out his plans for the big reveal.

‘The Decision’, he teased, would come at the end of a half-hour documentary broadcast on Spanish TV. Barcelona thought they had him, as did most fans when Gerard Pique – whose company produced the show – tweeted a popcorn emoji.

At the end of the documentary, however, Griezmann stood in front of the Metropolitano and revealed he was staying at Atletico Madrid in one of two different endings reportedly filmed to keep the decision secret.

The self-confessed NBA fanatic – inspired by LeBron James’ live show by the same name in 2010, when the basketball star joined the Miami Heat – was attempting to own his narrative. Instead he, and Pique, caught some criticism.

Kyle says that “self-commercialisation” did not have the impact it would have done now if it was Erling Haaland or Kylian Mbappe.

Griezmann was almost before his time. Many prominent players now share regular updates from their lives on their own YouTube channels – from Haaland, to Ronaldo, Jude Bellingham and Lionesses’ star Ella Toone.

“Players are becoming their own distribution levers, with some in particular taking a driving seat in terms of ‘how I project myself onto the world’ and building their own channels and audience,” explains Kyle.

Now, in many cases, the players do own the narrative and fans are increasingly able to invest in their journeys, which are more accessible than ever.

“Players are far more culturally symbolic than they used to be,” says Kirkham. “It is not that players don’t do endorsements now, but they know they have to resonate with fans, so fans can really latch on to them and get behind them.

“Look at what Marcus Rashford did during Covid in terms of changing actual legislation.

“Young fans want to know players stand for something more – that gives them more chance to follow and pursue them, find a deeper connection with them.

“They look for stuff that is aligned to them, who they are, their causes and where they’re from. I think we will increasingly see that.”

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Brit woman travels to Los Angeles for holiday and names ‘worst place to visit’

A British travel content creator has shared her thoughts after visiting Los Angeles admitting she should have a listened to a warning she received when exchanging her currency

A British woman who visited Hollywood recently has explained how the “reality” surrounding Tinseltown is “definitely not what you think”.

Travel content creator Jasmine admitted she had been warned about Los Angeles by her local Post Office’s staff when she changed her pounds to dollars. “A lady on the counter asked if I was going anywhere nice and I told her was going to LA and she looked at me a bit gone out,” she began in a TikTok video. “I was a bit confused at this point and she asked if I had ever been before and that it would not be what I thought it’d be.”

And as Jasmine’s clip continued in California, it appeared the Post Office clerk clearly wasn’t wrong. “As soon as I got there I understood exactly what she meant,” she said.

On a dreary looking day, Jasmine headed to Mel’s Drive-In Celebrity Bar to order French toast. There, she continued: “It was exactly what she said it’d be and absolutely nothing like I had imagined.”

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While Jasmine acknowledging Hollywood does boast some “fantastic places to go”, she couldn’t help but highlight other “really run-down places” as she strolled the Walk of Fame.

“There’s definitely a misconception of what LA actually is, especially when you are from the UK,” she mused. “If I had known what it was really like, I probably would have planned my trip a whole lot differently and missed Hollywood completely.”

Jasmine added that on her return to the UK she was regularly asked if she visited the Hollywood Walk of Fame. “It actually makes zero sense because it’s probably the worst place in LA to go,” she said as she ate a hot dog. “Just be mindful if you are going there from the UK, it’s not going to be how you imagine.”

In a follow-up video, Jasmine headed out for an early morning walk where she showcased little more than “all the cleaning crew out” and areas that were “dealing with homelessness”.

“There was rubbish and human waste on the floor, which can be a real issue,” she slammed. “It definitely gave me a bit of a reality check.”

Jasmine did offer praise for Santa Monica and Beverly Hills, however. “We tried so much amazing food there and experienced so many different sides of the city,” she enthused. “I guess what surprised me the most about LA is that every area feels so different. You can go from Hollywood to beaches to food spots all in one trip.”

Writing in response, a frustrated local asked: “No one in LA cares for Hollywood. Why do you guys always come to Hollywood? That’s like the last place we ever go to!”

A second person agreed with Jasmine: “I went to the Hollywood Walk of Fame and was absolutely shocked.” A third fumed: “Totally agree, I was massively disappointed, especially Hollywood, that was like a crack den.”

However, a fourth TikTok user exclaimed: “Los Angeles is gorgeous. You just need to have realistic expectations and stay slightly off the beaten track to see the real LA Hollywood and Downtown are must avoids.”

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Simon Calder names his top cheap holiday in Europe — an ‘Emerald Island’ of lush forests 3.5 hours from the UK

Travel expert Simon Calder has named the lush ‘Emerald Island’ a must-visit destination, featuring stunning beaches, ancient ruins, and meals starting from just €10 per person.

Travel expert Simon Calder has shared his top recommendation for a stunning European getaway that won’t break the bank. Simon highlighted a lesser-known Greek island as his personal “choice” for a budget-friendly holiday.

The beautiful Greek island of Thassos, frequently dubbed the ‘Emerald Island’, is distinguished by its lush landscape, setting it apart from many of Greece’s more arid islands. The moniker describes Thassos’ dense pine woodland, olive groves and other greenery, with forests stretching almost all the way to the coast.

What’s more, the island’s beaches are surrounded by remarkably clear, shallow waters that shimmer in shades of turquoise and emerald, particularly under the Mediterranean sun.

On the island, there is a striking contrast of green and blue. Thassos is noticeably greener and more lush, creating a beautiful contrast between its forested hills and bright blue coastline.

Thassos history

Thassos has a rich history dating back thousands of years. Ancient Greeks from Paros settled on the island, which later grew prosperous thanks to its marble, gold mines, olive oil, wine and thriving trade.

Traces of its ancient past can still be found around Thassos Town, including the remains of an ancient theatre, agora and sanctuary.

Food

Thassos offers a classic Mediterranean style of cooking, combining fresh local produce with seafood and hearty dishes from the island’s mountain villages.

The island is also known for its honey, locally produced olive oil, olives and wine.

Some of the traditional foods visitors can try include:

  • Goat and lamb – Mountain villages are known for cooking goat and lamb slow-cooked or roasted over a spit.
  • Fresh seafood – This includes sardines, anchovies, prawns, sea bream, mullet, squid and octopus. These are often simply grilled or fried and served with olive oil and lemon.
  • Gouna – One of Thassos’ more distinctive specialities, gouna is traditionally made with mackerel that is salted and dried before being grilled.
  • Tatarka – A seasonal vegetable dish made with fresh vegetables, herbs and leafy greens, traditionally enjoyed during spring and early summer.
  • Stuffed courgette flowers – Courgette flowers may be filled with ingredients such as cheese and egg before being fried.
  • Local cheeses – including feta, kasseri, myzithra and anthotyro.

Prices in Thassos

Food and drink in Thassos remain relatively affordable compared with some of Greece’s more expensive islands, such as Mykonos and Santorini.

Although prices can be higher at beachfront restaurants and popular tourist spots.

Visitors can expect to pay around €12 to €25 (£10.26 to £21.38) per person for a typical taverna meal, while a gyros, souvlaki or casual lunch can cost around €5 to €10 (£4.28 to £8.55).

Meanwhile, fresh seafood tends to be more expensive, particularly at waterfront restaurants, while beers typically cost around €3 to €6 (£2.57 to £5.13). Those looking for a cocktail at a beach bar can expect to pay roughly €8 to €12 (£6.84 to £10.26), while local wine can offer good value compared with more premium bottles.

Speaking on ITV’s This Morning about Thassos in 2024, Simon said: “Absolutely lovely. It’s in the North. It’s really different from all the other ones.

“It’s got great features. It’s got this wonderful mountain in the middle. You have to get a little ferry across to there from Kavala, but once you do, it’s just absolute heaven.

“Loads going on. It’s got proper Greek stuff, ancient remains and things like that. And of course all those lovely tavernas you just want to sit in.”

Getting to Thassos

Simon warned holidaymakers that a ferry crossing to the island is unavoidable, as there are no direct flights operating from the UK.

That said, getting there from the UK is fairly straightforward. Travellers can fly to Kavala International Airport (KVA) on the northern Greek mainland, then head to Keramoti, where ferries run regularly to Thassos.

The crossing itself takes around 35 to 40 minutes.

Another option is to fly from the UK to Thessaloniki Airport, which offers a wider range of flights, then continue by road to the coast and take a ferry to Thassos.

While the journey is longer than travelling via Kavala, it can be a convenient alternative depending on flight availability and fares. During the summer months, some UK travel companies also offer package holidays and seasonal flights, making the island easier to reach.

Flight times

  • London to Kavala: around 3 hours 25 minutes on a direct flight from Stansted.
  • London to Thessaloniki: around 3 hours 10–25 minutes on a direct flight, depending on the London airport.

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Trump names Will Scharf as White House counsel ahead of midterms | Donald Trump News

The former Trump lawyer, who worked on the presidential immunity case and oversaw approval of the president’s disputed White House ballroom project, will replace David Warrington on September 1.

United States President Donald Trump has named White House Staff Secretary Will Scharf as his next White House counsel, elevating a longtime legal ally to one of the administration’s most important legal positions months before November’s midterm elections.

The former Trump lawyer, who worked on the presidential immunity case and later oversaw approval of the president’s disputed White House ballroom project, will replace David Warrington on September 1, with Warrington leaving the administration for the private sector. Scharf will also hold the title of assistant to the president, moving from a role overseeing the administrative work of the Oval Office to serving as the White House’s top lawyer.

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Trump praised Scharf on Truth Social as “Tough, Strong, and Smart” and pointed to his background as a federal prosecutor and his work representing Trump in several legal cases.

Scharf joined Trump’s legal team in 2023 and worked on the federal election interference case brought by former Special Counsel Jack Smith. He was part of the team when the case reached the Supreme Court, which ultimately ruled in 2024 that presidents have broad immunity from criminal prosecution for official acts.

Scharf’s ties to Trump stretch further back. During the president’s first term, Scharf worked on the confirmation of federal judges, including Supreme Court Justices Brett Kavanaugh and Amy Coney Barrett, according to The Associated Press news agency.

After Trump returned to office in January 2025, Scharf became White House staff secretary, managing documents reaching the president and regularly appearing alongside him during executive-order signings. The role has placed Scharf close to the process through which many of Trump’s major policy decisions have been implemented.

Scharf’s role in the ballroom controversy

Scharf has also been closely involved in one of the Trump administration’s most controversial projects.

Trump appointed Scharf chairman of the National Capital Planning Commission in July 2025. The commission later approved Trump’s $400m White House ballroom, planned on the site of the demolished East Wing.

The project has become part of a wider legal argument over the limits of presidential authority. The AFP news agency reported on Saturday that a federal appeals court upheld an order stopping aboveground construction, ruling that such a major alteration to the White House requires explicit congressional approval. Trump said he would take the case to the Supreme Court.

Scharf had previously maintained that the planning commission had authority over construction but not the demolition that preceded it.

U.S. President Donald Trump holds an image of a rendering of the new White House ballroom to be built in Washington, D.C., U.S., October 22, 2025. [Kevin Lamarque/Reuters]
US President Donald Trump holds an image of a rendering of the new White House ballroom to be built in Washington, DC, October 22, 2025 [Kevin Lamarque/Reuters]

A sensitive moment for the White House

The White House counsel advises the presidency on legal and constitutional issues, reviews legislation and executive actions, and helps coordinate the administration’s response to lawsuits and congressional investigations.

Scharf takes over at a particularly sensitive time. Democrats have pledged to investigate Trump and his administration if they gain control of Congress in November’s midterm elections, according to AP.

His appointment also continues a pattern of Trump elevating lawyers who previously represented him. Todd Blanche, who defended Trump in his criminal cases, was confirmed as attorney general on Saturday. D John Sauer, who argued Trump’s presidential immunity case before the Supreme Court, was appointed solicitor general, while former Trump lawyer Emil Bove was initially given a senior Justice Department post before being confirmed to a federal appeals court.

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Saudi Arabia names commander for maritime defence coalition | Shipping News

Rear Admiral Abdullah bin Salem Al-Shehri will lead the multinational coalition’s naval defence to protect trade, energy routes.

Saudi Arabia has announced the appointment of a commander for a multinational maritime defence alliance to protect freedom of navigation through the Bab al-Mandeb Strait, the Red Sea and the Gulf of Aden.

The Saudi Ministry of Defence said in a statement on Thursday that Rear Admiral Abdullah bin Salem Al-Shehri has been appointed commander of the coalition a week after its establishment.

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Al-Shehri will oversee joint naval defence, coordinate with member states and other maritime coalitions, and carry out missions under the coalition’s charter, it added on X.

Bahrain, Bangladesh, the Comoros, Djibouti, Egypt, Jordan, Kuwait, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Turkiye and Yemen announced the formation of the coalition on July 30.

More countries are completing the procedures to join the coalition with some having already signed the joint declaration and others preparing to sign the declaration and charter before their formal accession as founding members, the Saudi statement said.

The ministry described the coalition as “an open international coalition that welcomes the accession of all countries that align with its goals and principles”, adding that it continues to receive new membership applications.

The coalition will hold a planning meeting August 12-13 to finalise its institutional framework and pave the way for more countries to join, according to the ministry.

The 14 countries that announced the formation of the Multinational Maritime Defence Coalition declared their intent to protect freedom of navigation and secure international trade routes and energy supply routes in the Bab al-Mandeb Strait, the Red Sea and the Gulf of Aden, which form a strategic maritime corridor linking the Indian Ocean to the Mediterranean.

This comes as the United States-Israel war on Iran has become focused on the Strait of Hormuz. The virtual closure of the route, through which about 20 percent of global oil and gas supplies transited before the conflict, is weighing heavily on the global economy.

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Brazil’s Flavio Bolsonaro names Alfredo Gaspar as running mate | Elections News

The announcement comes as Lula warns of foreign interference and polls show a tightening presidential race.

Brazilian Senator Flavio Bolsonaro has named conservative Congressman Alfredo Gaspar as his running mate, ending weeks of speculation over who would join his presidential ticket in October’s election against incumbent President Luiz Inacio Lula da Silva.

The announcement on Wednesday also highlighted the challenges facing Bolsonaro’s campaign, which has struggled to build alliances beyond his own Liberal Party and failed in an effort to recruit a woman to the ticket in hopes of broadening its appeal.

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Gaspar, 55, has represented the northeastern state of Alagoas in Brazil’s Chamber of Deputies since 2023 and served as its public security secretary.

Accepting the nomination, he described himself as “a simple person from the northeast” whose life had been defined by “hard work and honour”, saying he would work alongside Bolsonaro “to transform Brazil into a fair and decent place”.

Gaspar led a congressional investigation into Brazil’s National Social Security Institute (INSS), the agency that oversees the country’s public pension and social security system. Fabio Luis Lula da Silva, the president’s son, is under investigation over allegations that he received improper payments linked to an alleged pension fraud scheme involving that agency.

Political analyst Lucas de Aragao, a partner at consultancy Arko Advice, said the choice was surprising but gave Bolsonaro someone well-placed to attack Lula on an issue that has become politically sensitive.

“He has the authority to deal with an issue that is uncomfortable for Lula. He also speaks extensively about public security,” Aragao said.

Gaspar emerged as the Liberal Party’s preferred choice after several higher-profile figures courted by Bolsonaro, including Senator Tereza Cristina of the Progressive Party and former Caixa Economica Federal chief Daniella Marques of the Republicanos, failed to get their own parties to support them in joining the ticket.

Bolsonaro, the son of former far-right Brazilian President Jair Bolsonaro, has struggled to expand his coalition, with several centre-right parties choosing to either back Lula’s broader coalition or remain neutral in the election in hopes of maximising their representation in Congress and appealing to anti-Bolsonaro voters in the country’s northeast.

A Quaest survey published on Wednesday found Lula leading Bolsonaro 44 percent to 39 percent in a simulated run-off, down from an eight-point lead in mid-July. In a first-round scenario, Lula was on 39 percent support to Bolsonaro’s 30 percent. If no candidate wins more than half the valid votes in the first round, the top two candidates advance to a run-off.

Launching his re-election campaign on Sunday, Lula cast the October vote as a battle to defend Brazil’s sovereignty amid growing concerns over foreign influence.

“Too many people are poking their fingers into our business. Too many people are interfering in our land. And that is going to stop,” he told supporters.

In July, Brazil denied visas to two US State Department officials who Lula said were being sent to “meddle” in the elections.

The diplomatic rift deepened on Tuesday, when the Trump administration said it was temporarily revoking the visa of Brazil’s ambassador to Washington in response to Brasilia withholding approval for Trump’s ambassadorial nominee.

Lula has pointed to those tensions, along with Trump’s public support for Flavio Bolsonaro and US tariffs imposed on Brazilian goods, as evidence that Brazil’s sovereignty is under pressure.

“As long as I’m president, no one from outside will interfere in Brazilian elections,” Lula said on Wednesday.

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McDonald’s names company veteran to lead its U.S. business

Skye Anderson, who has been with the company for 26 years, was tapped to oversee nearly 14,000 restaurants as president of McDonald’s USA. File Photo by Kevin Dietsch/UPI | License Photo

Aug. 4 (UPI) — McDonald’s on Tuesday named a company veteran to lead the burger chain’s largest market.

Skye Anderson, who has been with the company for 26 years, will oversee nearly 14,000 restaurants as president of McDonald’s USA. She had previously been chief operating officer of the company’s U.S. business.

Chris Kempczinski, chairman and CEO of McDonald’s Corporation, said Anderson combines “deep operational discipline with strong financial judgement.”

“I’ve had the opportunity to work closely with Skye throughout much of her career, and I’ve repeatedly turned to her to lead some of our most important businesses and transformation efforts because she’s a proven change agent who can act with urgency to mobilize our System,” Kempczinski said in a statement.

Anderson succeeds Joe Erlinger, a 20-year McDonald’s veteran who had been president for the past seven years before deciding to leave the company.

Kempczinski said Erlinger will work closely with Anderson during the transition period.

Anderson’s appointment comes at a tricky time for McDonald’s, as the company on Tuesday reported quarterly results falling short of its expectations.

Executives described the performance as “disappointing,” CNBC reported.

“We don’t have a strategy problem,” Kempczinski said, the outlet reported. “We simply didn’t execute at the level we needed to in the second quarter.”

President Donald Trump announces a program to allow veterans to expedite a career in commercial trucking on Thursday. Known as the Freedom Haulers program, the initiative would allow any veterans who drove heavy equipment to be automatically eligible for a commercial trucking license. Photo by Jim Lo Scalzo/UPI | License Photo

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Insider trades: Morgan Stanley, Goldman Sachs, Broadcom among notable names

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This week saw minimal trades by insider executive. Major transactions were seen at firms including Morgan Stanley (MS) and Broadcom (AVGO). The following is a list of major trades that occurred between July 13 and July 17.

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South Korea names new court administration chief

Justice Roh Kyung-pil delivers his inaugural remarks at the Supreme Court in Seoul on Aug. 2, 2024. Photo by Asia Today / Joint Press Corps

July 10 (Asia Today) — South Korean Chief Justice Cho Hee-dae appointed Justice Roh Kyung-pil as the new head of the National Court Administration, filling a vacancy that had lasted about four months.

The Supreme Court announced Friday that Roh, 62, will begin his term Tuesday.

The head of the National Court Administration oversees personnel and budgets for courts nationwide. The chief justice appoints the official from among sitting Supreme Court justices, and the justice does not handle trials while serving in the post.

Roh, a native of Haenam, South Jeolla Province, began his judicial career as a judge at the Seoul District Court in 1997. He later served as a Supreme Court research judge, Seoul High Court judge, presiding judge at the Gwangju High Court, and presiding judge and senior presiding judge at the Suwon High Court. He was appointed to the Supreme Court on Aug. 2, 2024.

The Supreme Court said Roh is qualified for the post because of his “leadership of listening and inclusion,” saying he is suited to strengthen public trust in the judiciary by communicating with court members and broader society and working to build a swift and fair judicial system for the public.

The post had been vacant since Justice Park Young-jae tendered his resignation as head of the National Court Administration on Feb. 27. Ki Woo-jong, deputy head of the administration, had served as acting chief.

With the vacancy resolved, attention is turning to whether stalled Supreme Court justice nominations will gain momentum.

The Supreme Court justice candidate recommendation committee in January recommended four candidates to succeed former Justice Roh Tae-ak: Seoul High Court judges Kim Min-ki and Park Soon-young, Daegu District Court Presiding Judge Son Bong-gi and Seoul High Court Presiding Judge Yoon Seong-sik. No final recommendation has been made.

The selection process is also underway for a successor to Justice Lee Heung-gu, who is scheduled to retire in September.

The Supreme Court on July 3 completed its review of public comments on 28 recommended candidates who agreed to be screened by the recommendation committee. If the committee recommends at least three candidates this month, Cho will select a final nominee and recommend the candidate to President Lee Jae Myung for appointment. The nominee would then go through a National Assembly confirmation hearing before final appointment.

The National Court Administration is also tied to one of the ruling party’s major judicial reform agendas. After legislation on three judicial reform measures, including criminalizing distorted application of the law, allowing constitutional complaints against court rulings and expanding the number of Supreme Court justices, a separate bill has been introduced to revise the Court Organization Act and abolish the National Court Administration.

— 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=20260710010003920

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Judge rejects Justice Department attempt to get names of 2020 election workers in Fulton County

The U.S. Department of Justice cannot have the names of and contact information for every person who worked during the 2020 election in Georgia’s Fulton County, a federal judge ruled Tuesday.

The Justice Department in April obtained a grand jury subpoena seeking the names and personal contact information of county employees and volunteer poll workers. President Trump has long claimed without evidence that widespread voter fraud in Georgia’s most populous county, a Democratic stronghold, cost him victory in the state in 2020.

Fulton County asked a judge to quash the subpoena, arguing it was meant to “target, harass and punish the President’s perceived political opponents” and that it was “grossly over broad and untethered to any reasonable need.”

“Given the low need for the subpoenaed information and the highly burdensome nature of the disclosure of the same, the Subpoena is unreasonable and must be quashed,” U.S. District Judge William Ray wrote in his ruling, calling the scope of the request “staggering.”

Emails seeking comment were sent to both the Justice Department and Fulton County.

Although grand juries often work with federal prosecutors to investigate alleged crimes, “that does not give the DOJ the right to use the Grand Jury to do whatever the DOJ wants,” he wrote.

Even if the records sought by the Justice Department could help find people who worked for the county during the 2020 election who support the theory that the election was unfair, the information couldn’t be used to charge anyone, Ray wrote.

“That is because the statute of limitations for any possible crime arising from the 2020 Election has long expired,” he wrote.

The subpoena came after the FBI in January served a search warrant at the Fulton County election hub and seized hundreds of boxes of ballots and other documents from the 2020 election. A federal judge in May denied the county’s request to force the federal government to return the ballots.

The Justice Department argued in a court filing that the subpoena was the “next step in the normal investigative process” and that it seeks “records identifying persons with relevant knowledge.”

Kamal Ghali, a lawyer for the county, argued that the subpoena “will chill participation by election workers” and that the statute of limitations for any of the alleged misconduct had already lapsed.

Justice Department lawyer William McComb argued the statute of limitations issue is not relevant at the investigative stage. The point of the investigation is to figure out what charges can be brought, he said.

“My point is, as we sit here now, we are not sure what charges can be brought. That’s the whole point of the investigation,” he said.

The request for election workers’ contact information, McComb said, “would simply be a pathway to determine and speak with and interview certain individuals who worked at the polls who may have seen, heard or done something in and of themselves.”

The judge noted that the Justice Department had expressed concern about possible criminal actions in the years that followed the election, including an alleged failure by the county to preserve electronic ballot images. But he pointed out that the subpoena seeks information related to what happened during the 2020 election and its immediate aftermath.

“In these hyper-political times in which we currently live, there are sure to be some who disagree with this decision because they believe the allegations of fraud in the 2020 Election and believe that ‘light’ should be brought to those claims,” Ray wrote.

He added that nothing prevents continued investigation into those allegations by people who believe those claims — such as Congress or even the Justice Department — but the power of the grand jury, “which exists to investigate potential crimes and to bring viable indictments” cannot be used for that purpose. Otherwise, anyone in power could use the grand jury process to subpoena personal information of citizens “with no legitimate law enforcement purpose,” he wrote.

“Thus, everyone, whether you support the President or you do not, or whether you believe the 2020 Election was fair or believe that it was not, should be concerned about the DOJ’s ability to utilize the power of the Grand Jury to appropriate your private information without a legitimate purpose,” Ray wrote.

Brumback writes for the Associated Press.

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Nike Names David Denton CFO to Guide Stumbling Turnaround Global Finance Magazine

Former Pfizer executive David Denton steps into the CFO role amid a bruising stock decline.

Nike Inc. said Tuesday it has hired David Denton as its next chief financial officer, tapping the former Pfizer Inc. finance chief to help stabilize a company navigating one of the most difficult stretches in its history.

Denton will join the Beaverton, Oregon-based sportswear giant as Executive Vice President and CFO effective Aug. 17. Matthew Friend, who has held the role since April 2020, will step down on that date and remain in the role through Sept. 4.

Nike Dogged by Rivals, Slumping Share Price

The announcement did little to reassure investors. Nike shares fell 4.5% to close at $42.38 Tuesday, leaving the stock down 33% year to date. The company has been grappling with slowing sales and eroding market share to nimbler rivals such as On Running and Hoka.

CEO Elliott Hill, who took the helm in late 2024, has been working to arrest the slide, but a full recovery has proven elusive.

Whether Denton’s expertise can generate a turnaround remains to be seen. He previously served as CFO and Executive Vice President at Pfizer since May 2022. Before that, he held the same title at Lowe’s Cos. from 2018 to 2022. He also spent two decades at CVS Health Corp., including as CFO during the company’s evolution into a diversified health. In all, he brings more than 30 years of finance and operating leadership across large, complex public companies.

Denton, in a prepared statement, called Nike “one of the world’s great brands.”

“I’m excited to partner with Elliott and the leadership team to support the company’s priorities, invest with discipline, and help deliver sustainable long-term value,” he said.

Hill framed the transition as a strategic inflection point. “This is a natural moment for a leadership transition as we move from foundational actions to sustained growth through our Sport Offense operating model,” he said.

Friend joined Nike in 2009 and rose through roles including CFO of the Nike Brand and VP of Investor Relations before assuming the top finance post. Nike expanded his responsibilities in late 2025 to include Global Sales and Direct-to-Consumer functions.

Prior to Nike, he worked in investment banking at Goldman Sachs and Morgan Stanley.

What’s Next

Nike expects to report fourth-quarter and fiscal year 2026 results on June 30. Analysts anticipate earnings of $0.12 per share on revenue of $10.85 billion, compared with 14 cents per share and $11.1 billion in the prior-year period — a stark illustration of how far the company still has to go. Results will include a one-time benefit from tariff refunds that were not previously factored into the guidance.

Contact the author: anoto@gfmag.com

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Citigroup Names Raj Rathi to Lead India M&A

The bank names former Dream Sports executive and investment banker Raj Rathi to lead M&A business in India.

Citigroup Inc. has appointed veteran investment banker Raj Rathi as its new head of mergers and acquisitions in India, effective this month. The appointment comes as Citi deepens its advisory capabilities to capture opportunities in the Asian market.

Rathi’s hiring follows several high-profile additions to the bank’s regional investment banking team. Citi recently lured Bhavin Shukla from JPMorgan Chase & Co. to serve as managing director and head of Infrastructure Investment Banking for Japan, North and South Asia, and Australia. Last year, Citi hired Vikram Chavali from Goldman Sachs Group as its Asia-Pacific head of Global Asset Managers.

From Fantasy to Finance

Rathi was hired from Dream Sports, the multibillion-dollar parent company of fantasy gaming giant Dream11, where he served as head of Strategy and Corporate Development and oversaw the deployment of about $150 million across multiple strategic transactions.

Citi’s moves underscore a trend in which global banks are recruiting seasoned corporate executives to navigate complex digital infrastructure, the energy transition, and cross-border capital flows. Its recent high-profile transactions in the region include advising United Spirits Ltd. on the sale of its 100% stake in the Royal Challengers Bengaluru cricket team and steering Chinese appliance giant Haier Group through the sale of its 49% stake in Haier India to a consortium backed by Bharti Enterprises and Warburg Pincus.

Before his corporate development role at Dream Sports, Rathi spent five years as an executive director at J.P. Morgan, focusing on technology investment banking. He covered the technology, fintech, and consumer internet sectors, executing deals totaling about $35 billion in transaction value.

His career also included positions at Guggenheim Partners and Guggenheim Securities’ investment banking division, as well as at Ernst & Young, where he focused on financial due diligence and transaction advisory services for institutional clients, following early corporate development experience at Sutherland.

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

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Dodgers great Justin Turner answers your questions, names his favorite baseball guy

Hi, and welcome to another edition of Dodgers Dugout. My name is Houston Mitchell.

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We received more than 500 questions for Justin Turner after putting out the plea a couple of weeks ago, which is a record. (Some were the same question asked by multiple people.) I selected a few, and Turner answered them via email between games with the Tijuana Toros.

Mark Haendel in Santa Monica asks: Any ideas of staying in baseball after you actually retire? Coaching, managing, college or pro level, etc.?

Turner: I will definitely stay in the game in some capacity. I love it too much and my son loves being around it too much to step away.

Kristen Lazalier in Norman, Okla., asks: Please share three favorite memories of your years with the Dodgers. Thank you for always bringing such passion and joy to your play — both on and off the field!

Turner: It would have to be winning the World Series in 2020. Winning the Roberto Clemente Award in 2022. The walk-off homer in the NLCS and winning the fan vote for my first All-Star Game in 2017.

Chris Nayve asks: What is your go-to mindset or thought that helps you when things get challenging in baseball or just in life?

Turner: The best thing is just to simplify things and not try to do too much. Take the results out and trust the process. Live in the moment and control what is in front of me.

Robert Scott Wallace asks: First and foremost, I wanted to thank JT and his wife for all the good they do for the city of Los Angeles. A basic question: Who is the toughest pitcher you had to ever face in the big leagues and why?

Turner: Felix Hernández was the nastiest. Cliff Lee and Tyler Glasnow, after the 2020 World Series, own me. (Editor’s note: Turner was 0 for 3 with two strikeouts against Hernández, one for 20 against Lee with four strikeouts and 0 for 11 against Glasnow with 10 strikeouts.)

Paul Mihalow asks: Did anybody on your MLB teams ever complain about the “pine tar” on the back of your jersey — like clubhouse managers or laundry guys?

Turner: No. I asked the clubhouse guys and they said it was actually very easy to get out every night.

Jeff Plotkin asks: Who were some of your favorite teammates?

Turner: That’s a tough one. I get along great with just about everyone. But my favorite baseball guy of all time is, hands down, Chase Utley.

Gabriel Ortega asks: What is one lesson you’ve learned from fatherhood that has surprised you the most, and how has it changed the person you are both on and off the field?

Turner: Being a dad definitely taught me patience and understanding. That just because i know what I’m saying or asking doesn’t mean Bo or anyone else does. Sometimes you have to get creative to get your message across.

Robert Shannon asks: Where does the 2004 College World Series championship with Cal State Fullerton rank on your career highlights?

Turner: That has to be way up near the top. That’s one of the hardest tournaments to win and that was always a special group of guys.

Marshall Fong asks: What adjustments did you make as you aged to remain a competitive player?

Turner: The biggest thing is time management and learning how to get my work in that needs to be done without killing myself and my energy for the game.

Thanks again to Turner for taking the time to answer reader questions.

Andy Pages has a burden

Last week, colleague Liana Handler wrote a nice story on Andy Pages and the struggle he has as his family lives in Cuba. He is unable to see them and sometimes he can’t get reach them on the phone, which is when the fears really loom large.

A few key passages from Handler’s story:

Unlike his teammates — both American and those on visas — Pages is distinctly cut off in the United States, where he lives with his wife, Alondra, but is separated from his parents and sister in Mantua. The third-year Dodgers center fielder is making $800,000 this year but can’t spend his money on flights home or on bringing his family to the country where he plays baseball. The tense relations between the U.S. and Cuba — the Trump administration has imposed economic sanctions and made diplomatic threats — don’t allow for that.

“I haven’t found any way that gives me that tranquility and peace,” he told The Times in Spanish two weeks ago. “Because the way things are there, what’s always on your mind is that it could happen. Anything, any time. And I have all my family in Cuba. So, you have to live with that worry all the time.”

Most of Pages’ family can only listen to his baseball games on the radio or through fuzzy images on the television.

No one understands that more than Dodgers infielder Miguel Rojas. A Venezuelan immigrant, Rojas said he felt a personal responsibility for Pages, who is caught between wanting to speak more about the situation and being guarded because of his budding career and the fact that he’s not yet eligible to be a free agent.

“We need to preserve our job, because this is our only way to make an income, and a lot of us are the head of the family, so we got to continue to think about it that way,” Rojas said. “I would like to be more vocal and be a little bit more present for my community, but it’s really hard because I’m performing my job, and if I stop doing this, I don’t know how to do anything else.”

As Rojas describes, it is not easy to focus on your job when you see people you know at home suffering.

“We are here to perform and actually provide entertainment to people, and sometimes we are seen like that,” he said. “The problem is when the lights are off at night, when you have to go home, when you become a regular human being that is on the streets.”

The story is well worth your time and can be read here.

Perfect Father’s Day present

Shohei Ohtani missed Friday’s game to be present for the birth of his second child with his wife, Mamiko.

“We are again overjoyed to experience this wonderful day in our lives together,” Ohtani said on Instagram. “Thank you for being born safely. We would also like to express our heartfelt gratitude to everyone who has supported us throughout this journey.”

Injury updates

Will Smith has an inflamed disk in his neck and recently had an injection there to help reduce it. The earliest he will be back is Friday, as he is not going on the team’s trip to Minnesota.

Teoscar Hernández will begin a rehab assignment in triple-A this week and could be back before the end of the month.

—An MRI on Blake Treinen‘s elbow showed no structural damage, so he should be back as soon as he can come off the 15-day IL.

—Reliever Edwin Díaz is progressing well and remains on track to return after the All-Star break.

—Reliever Evan Phillips has pitched in six games for triple-A Oklahoma City. In 5-1/3 innings, he has given up five hits, walked four and struck out five. He should return in early July.

—Reliever Brock Stewart could be activated before today’s game against Minnesota. If not, then sometime this week.

These names seem familiar

How notable players who were with the Dodgers the last couple of seasons are doing with their new teams (through Sunday). Click on the player’s name to be taken to their full stats page:

Anthony Banda, Twins: 2-0, 4.22 ERA, 2 saves, 32 IP, 26 hits, 14 walks, 29 K’s, 104 ERA+

Cody Bellinger, Yankees: .276/.370/.473, 324 PA’s, 15 doubles, 3 triples, 11 homers, 49 RBIs, 133 OPS+

Walker Buehler, Padres: 4-3, 3.96 ERA, 72.2 IP, 73 hits, 23 walks, 65 K’s, 105 ERA+

Mike Busch, Cubs: .247/.377/.396, 337 PA’s, 13 doubles, 2 triples, 8 homers, 42 RBIs, 122 OPS+

Michael Conforto, Cubs: .222/.328/.434, 116 PA’s, 9 doubles, 4 homers, 13 RBIs, 116 OPS+

Justin Dean, Cubs: .500/.500/1.500, 2 PA’s, 1 triple, 3 RBIs, 443 OPS+

Caleb Ferguson, Reds: 0-0, 1.50 ERA, 12 IP, 10 hits, 5 walks, 12 K’s, 302 ERA+

Jack Flaherty, Tigers: 1-8, 5.35 ERA, 65.2 IP, 69 hits, 34 walks, 78 K’s, 81 ERA+, on the IL

Kenley Jansen, Tigers: 1-3, 4.00 ERA, 9 saves, 18 IP, 10 hits, 10 walks, 22 K’s, 110 ERA+

Craig Kimbrel, Rays: 0-2, 5.50 ERA, 18 IP, 19 hits, 8 walks, 18 K’s, 78 ERA+

Gavin Lux, Rays: on the IL

Dustin May, Cardinals: 5-6, 4.30 ERA, 83.2 IP, 78 hits, 22 walks, 77 K’s, 94 ERA+

Zach McKinstry, Tigers: .177/.272/.259, 171 PA’s, 4 doubles, 1 triple, 2 homers, 11 RBIs, 48 OPS+

James Outman, Tigers: .169/.238/.286, 84 PA’s, 4 doubles, 1 triple, 1 homer, 5 RBIs, 44 OPS+

Joc Pederson, Rangers: .237/.333/.419, 235 PA’s, 7 doubles, 2 triple, 9 homers, 25 RBIs, 119 OPS+

Luke Raley, Mariners: .241/.303/.503, 210 PA’s, 6 doubles, 1 triple, 14 homers, 35 RBIs, 126 OPS+

Ben Rortvedt, Mets: in the minors

Corey Seager, Rangers: .186/.284/.373, 204 PA’s, 6 doubles, 9 homers, 24 RBIs, 91 OPS+, on the IL

Justin Turner, Tijuana (Mexican League): .273/.483/.461, 196 PA’s, 14 doubles, 6 homers, 25 RBIs

Trea Turner, Phillies: .227/.280/.336, 328 PA’s, 12 doubles, 7 homers, 22 RBIs, 67 OPS+

Miguel Vargas, White Sox: .236/.353/.465, 324 PA’s, 12 doubles, 1 triple, 16 homers, 44 RBIs, 126 OPS+

Kirby Yates, Angels: 0-3, 3.68 ERA, 1 save, 14.2 IP, 9 hits, 7 walks, 19 K’s, 116 ERA+

Up next

Monday: Dodgers (*Eric Lauer, 2-5, 5.37 ERA [1-0, 3.22 ERA with Dodgers]) at Minnesota (Zebby Matthews, 3-4, 4.78 ERA), 4:40 p.m., SportsNet LA, AM 570, KTNQ 1020

Tuesday: Dodgers (*Justin Wrobleski, 8-2, 2.72 ERA) at Minnesota (Joe Ryan, 5-3, 2.99 ERA), 4:40 p.m., SportsNet LA, TBS, AM 570, KTNQ 1020

Wednesday: Dodgers (Shohei Ohtani, 7-2, 1.47 ERA) at Minnesota (*Connor Prielipp, 2-5, 5.17 ERA), 4:40 p.m., SportsNet LA, AM 570, KTNQ 1020

All times Pacific

*-left-handed

In case you missed it

Dodgers star Shohei Ohtani announces birth of second child

Shaikin: Why MLB’s Pride Night cap condemnation isn’t the anti-Christian crackdown conservatives claim

Lopez: There might be one advantage to climate change: More home runs at Dodger Stadium

Dodgers Debate: BLISTER WATCH. Should Shohei Ohtani be shut down?

Shaikin: The Dodgers are ruining baseball! Stop them! But first let me vote for all their players

And finally

Vin Scully tells us “Don’t be afraid to dream.” Watch and listen here.

Until next time …

Have a comment or something you’d like to see in a future Dodgers newsletter? Email me at houston.mitchell@latimes.com. To get this newsletter in your inbox, click here.



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JPMorgan Names Aiyengar as Head of Investment Banking

A veteran dealmaker takes the helm as large-cap M&A shows signs of a selective recovery.

JPMorgan Chase, the global leader in investment banking revenue, has named Anu Aiyengar global chair of Investment Banking and M&A, signaling a renewed emphasis on dealmaking as a pillar of its investment banking strategy.

As part of a broader divisional shift, the bank also named Dorothee Blessing, Kevin Foley, and Jared Kaye as co-heads of Global Investment Banking, while Charles Bouckaert succeeds Aiyengar as global head of M&A.

The changes come as deal activity shows signs of recovery after nearly two years of sluggish momentum. Dealogic estimates that global deal announcements reached nearly $2 trillion by May 11. That’s a 33% increase from the same period last year.

Still, observers note that the current cycle is far from a repeat of the free-flowing deal market of 2021. Higher financing costs have made boards more disciplined about price and timing, while closer regulatory scrutiny from antitrust watchdogs in both the U.S. and Europe has raised the financial and reputational cost of getting large transactions wrong.

A Selective, Large-Cap Rally

“This has not been a full-spectrum, feel-good rally. It has been a highly selective one, skewed toward strategic, large-cap deals,” said Marc Cooper, CEO of Solomon Partners. “Deals valued at $5 billion and up accounted for more than half of all volumes. That distinction matters.”

Against this backdrop, Aiyengar’s appointment suggests JPMorgan sees senior dealmaking expertise as a defining advantage in the current market. The firm expects the dealmaking veteran to work closely with senior clients as boards decide whether to move forward with transactions or wait for better conditions.

Since joining JPMorgan in 1999, Aiyengar has advised on more than $1 trillion in transactions. She became sole head of the bank’s global M&A franchise in 2023, making her the only woman leading M&A at a major Wall Street house at the time.

Her move also carries symbolic weight in an industry where senior dealmaking roles remain dominated by men. In 2025, Business Insider named her the top U.S. M&A banker on its Rainmakers list, making her the first woman to hold the No. 1 position.

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

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Names of Students Abducted in Zamfara Emerge

Hours after residents went to bed on the morning of Wednesday, June 3, sounds of gunshots pierced through the air as terrorists circled an off-campus hostel housing some students of the Federal Polytechnic Kaura Namoda in Zamfara State, northwestern Nigeria. The hostel, located in the Low-cost area, is meters away from a military checkpoint, according to residents. 

Students at the polytechnic had increasingly been moving into off-campus housing to avoid being abducted from their school.

As fear of what might happen enveloped people, the terrorists compromised the gate of the hostel and took away eight students of the polytechnic. Even as they fled with the students, they continued to fire shots in the air.

“Two of the students, Favour and Joshua Sunday, escaped while being taken away by the terrorists,” a resident who simply gave his name as Musa told HumAngle. “My house is not far from Oga Bulu’s house, which shares a wall with the house the students live in. I heard the gunshots and heard when they were leaving with the students.”

Since 2015, terrorists have terrorised the sub-region. Their activities have led to the death of thousands of people and the displacement of over a million. Attacks on schools and students have been on the increase since 2020, when terrorists stormed Government Science Secondary, Kankara and abducted 300 pupils.

Zamfara, which is considered the hotbed of the crisis, has recorded several school abductions in Jangebe, where over 300 schoolgirls were abducted, in Federal University, Gusau, where 24 students were abducted, and at the College of Agriculture and Animal Sciences, Bakura, where 15 students were abducted. 

Musa, the source, says Joshua Sunday told them six students (three men and three women) have been taken.

HumAngle reports that the Kaura Namoda area and other communities in Maradun and Bungudu fall under areas where the notorious terrorist leader, Bello Dan Sadiya, controls. 

An administrative staff member of the Polytechnic, who asked not to be named, told HumAngle over the phone that several staff members of the institution have relocated to Gusau, the state capital, for fear of being attacked. “Even me, I’ve relocated my family to Gusau. We have two staff, all senior lecturers, who are still with the bandits after they were abducted two months ago,” he said.

He said a ransom has been paid for the release of the lecturers, but the terrorists have continued to hold them.

Federal Polytechnic Kaura is located on the road to Shinkafi and Zurmi LGA, two areas in the northern part of Zamfara State that have witnessed repeated terrorist attacks.

The police public relations officer in the state, DSP Yazid Abubakar, confirmed the abduction and promised to release a statement, but has yet to do so.

Local authorities blame informants for the escalation of attacks in the town centre. The Chairman of the area, Mannir Haidara Kaura, told DW Hausa that the state government has taken measures to tackle the terrorists, but informants are sabotaging the efforts.

Terrorists attacked an off-campus hostel at Federal Polytechnic Kaura Namoda, Zamfara State, Nigeria, abducting eight students amid gunfire.

Situated near a military checkpoint, the hostel had become a refuge for students avoiding school abductions, a rising trend since 2020.

Some students managed to escape, but others remain captive, highlighting the ongoing threat posed by armed groups under leaders like Bello Dan Sadiya.

Amidst escalating violence, many polytechnic staff and residents have relocated to safer areas, with efforts to resolve the crisis hampered by informants.

Despite a ransom payment, senior lecturers remain hostage, prompting criticism of local government’s counter-terrorism measures.

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Universal FINALLY names huge new £6billion theme park opening in UK

UNIVERSAL has confirmed the name of its new theme park opening in the UK, with a newly-release image of the park’s logo.

Set to be built in Bedford, the new theme park will be called ‘Universal United Kingdom Resort’.

Universal United Kingdom Resort logo with a globe and the words "A Comcast Company".
Universal is set to open its very first UK theme park in 2031 and has unveiled its new logo

The park was given the green light in 2025, and works started on the site earlier this year.

It will be the first Universal theme park in Europe, and it is scheduled to open in 2031.

Comcast NBCUniversal will be investing £5billion into the project, as well as an additional £1billion in capital investment over the first 10 years of operation and £1.3billion from the UK government to support local infrastructure.

It expects to boost the UK economy by as much as £50billion by 2055, and create 28,000 jobs.

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Once open, the theme park is set to become the country’s most popular tourist attraction.

Mark Woodbury, Chairman and CEO of Universal Destinations & Experiences, said: “Today marks a significant milestone on our journey to bring Universal United Kingdom Resort, featuring immersive storytelling, thrilling attractions and unparalleled creativity and innovation to the UK.

“This new theme park and resort will create so many new opportunities for the people of Bedford and beyond and allow us to share our distinct experiences with guests from around the world.”

This was echoed by Brian Roberts, Chairman of Comcast Corporation, who said: “This historic partnership is a special moment for our company as we bring our first Universal theme park and resort to Europe.”

As for what kind of themed lands and rides would open at the UK Universal, very little is known.

But there are rumours suggesting that some could be based on James Bond, Paddington, Lord of the Rings, Minions, Jurassic World, and Back to the Future.

It is unlikely to include Harry Potter due to licensing rules and that nearby is the Wizarding World of Harry Potter attraction.

What is known is that across 662 acres, there will be four ‘zones’ – the Core Zone, Lake Zone, West Gateway Zone and the East Gateway Zone.

More accommodation and business hotels will be at the Lake Zone, as well as an entertainment complex and a convention centre.

West Gateway Zone and the East Gateway Zone will be where guests arrive by train and car, with restaurants and hotels.

This is also likely to be where the Entry Plaza area will be, as well as parking and a 500-room hotel.

The Entry Plaza is expected to be the free-to-visit area where tickets aren’t required, similar to Universal’s CityWalk in Orlando.

Illustration of the conceptual design for the Universal Theme Park near Bedford, showing an aerial view of a large park with a central lake, roller coasters, multiple themed areas with buildings and attractions, and extensive surrounding green spaces with parking lots.
The UK theme park will be called ‘Universal United Kingdom Resort’ Credit: Cover Images

What does the new Universal theme park mean for the rest of the UK?

Outside of the theme park, Universal has committed to creating new training opportunities with apprenticeships and internships.

This is alongside the multi-billion Oxford-Cambridge Growth Corridor which will see Bedford become an “innovation hub”.

Along with the £1.3 billion investment, the government will provide a grant of £400million through the exceptional Regional Growth Fund.

The Department for Culture, Media and Sport will provide a grant of £438million to invest in new community infrastructure, both paid when the park is open.

The Department for Transport is also going ahead with plans to upgrade the strategic road and rail network, on the A421 and at Wixams station at an expected cost of £474million.

Chancellor of the Exchequer Rachel Reeves said: “This landmark investment in the heart of the Oxford to Cambridge Growth Corridor will unlock nearly £50billion of economic growth and create tens of thousands of jobs across Bedfordshire in construction, hospitality, creative and technology sectors.

“Our own investment in transport and infrastructure means that local people will benefit — improving connectivity, backing our creative industries, and bringing millions of visitors to the UK from across the world.

“We have the right economic plan — working with global investors and local leaders so we can deliver jobs, opportunity and long‑term prosperity for Britain.”

The park could even stay open all year round and have longer opening hours than other UK theme parks.

Previous suggestions included opening hours from 7am to 11pm.

Included in the theme park plans is a new train station which is being incorporated to cope with demand.

In the mean time, The Sun’s Assistant Travel Editor Sophie Swietochowski visited Universal’s huge new £7bn theme park.



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OpenAI names South Korea key partner for AI cyber defense

OpenAI Chief Strategy Officer Jason Kwon speaks during a press conference on the Korea Cyber Action Plan in Seoul on Wednesday. Photo by Asia Today

May 27 (Asia Today) — OpenAI said Wednesday it will expand artificial intelligence-based cyber defense cooperation with the South Korean government, public agencies and companies in key industries.

The company announced its Korea Cyber Action Plan during a press conference at the JW Marriott Hotel in Seoul’s Seocho District. The plan is designed to give government agencies, public institutions and companies broader access to OpenAI’s advanced AI cyber models.

Jason Kwon, OpenAI’s chief strategy officer, said AI has entered a third stage as an “intelligence utility,” becoming core infrastructure for the economy and society after earlier phases focused on capability breakthroughs and broader access.

Kwon said South Korea is well positioned to adopt AI because it is a digital-first society that quickly embraces new technologies and has a “full-stack economy” with global semiconductor companies including Samsung Electronics and SK hynix.

“Advanced cyber AI capabilities should not remain in the hands of only a few,” Kwon said. “Korea’s key defenders should be able to use them to strengthen collective security and public safety.”

“Korea is a very important country for OpenAI,” he said. “We hope to become an important partner in Korea’s AI transformation and in strengthening national resilience.”

The Korea Cyber Action Plan is part of Daybreak, OpenAI’s global cybersecurity initiative that aims to build security into systems from the earliest stages of development. OpenAI says Daybreak is designed to help cyber defenders identify threats, generate patches and verify fixes across code and systems.

A key part of the plan is expanding Trusted Access for Cyber, a program that gives verified defensive users access to specialized cyber AI models. OpenAI said in April it was scaling the program to thousands of verified individual defenders and hundreds of teams responsible for protecting critical software.

Kwon said access for the South Korean government to the government version of the program is in its final stage. He said OpenAI is also discussing adoption of the private-sector program with several Korean companies.

Asked about potential misuse of cyber models and data leakage risks, Kwon said OpenAI is controlling risk by granting access only to “trusted defenders” who go through strict verification.

He also said OpenAI supports data residency in South Korea, allowing data to be processed on domestic servers. Public agencies and companies may also choose an option in which data is not stored at all, he said.

Kwon said OpenAI has begun talks with the Korea AI Safety Institute under the Ministry of Science and ICT. He said the company will draw on its experience working with AI safety institutes in the United States and Britain to help South Korea build its own model evaluation capabilities.

Before Wednesday’s announcement, OpenAI had been deepening cooperation with South Korea’s public sector. On May 18, Sasha Baker, OpenAI’s head of national security policy, visited South Korea and demonstrated the company’s latest cyber-focused models to major agencies including the science ministry, the Foreign Ministry, the Interior Ministry, the Financial Services Commission and the National AI Strategy Committee.

On Tuesday, Kwon met with Ryu Je-myung, second vice minister of science and ICT, to discuss AI security cooperation. OpenAI also signed memorandums of understanding with Korea Water Resources Corp. and Korea Technology Finance Corp.

Kwon emphasized the company’s expectations for the Korean market.

“Korea is a country with very favorable conditions to turn AI into national competitiveness,” he said. “Based on ChatGPT, Korea is already one of the top 10 markets globally, and the speed of AI adoption is very fast.”

OpenAI said use of Codex in South Korea is also growing quickly. Weekly active users of ChatGPT Codex in the country have increased tenfold since the beginning of the year, placing South Korea among the top five countries by usage.

More than half of the requests come from non-development work such as document writing, analysis, research and operations, showing the potential for wider enterprise use, the company said.

Kwon said changes in OpenAI’s partnership with Microsoft have made it possible to provide OpenAI API services through a wider range of cloud providers, including Amazon Web Services, and that enterprise growth is expected to accelerate.

On pricing for enterprise services, Kwon said consumer subscriptions and corporate services are different, and that business customers already use contract-based pricing. Over the long term, he said OpenAI aims to provide stronger AI performance at the same cost or lower unit prices so more users can benefit.

— 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=20260527010008011

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