sales

Paris bans public drinking, takeout alcohol sales amid deadly heat wave

A young man dives from a bridge over the Saint-Martin Canal in Paris on Thursday amid a searing heat wave that prompted authorites in the capital to impose restrictions on drinking alcohol in public and takeout sales for the second time in five days. Photo by Yoan Valet/EPA

June 26 (UPI) — Authorities in Paris implemented restrictions on drinking in public and takeout alcohol sales on Friday for the second time in five days, amid one of the most severe June heat waves on record.

In an effort to reduce stress on the capital’s hospitals, public consumption of alcohol will be banned from noon through 7 a.m. Saturday, local time, and from noon on Saturday through 7 a.m. on Sunday, and can only be sold in bars and restaurants between 6 p.m. and 7 a.m on both days.

Prime Minister Sebastien Lecornu said the health alert level was being raised to its highest, to boost hospital staffing and protect the vulnerable while Paris police chief Patrice Faure said the the capacity of hospitals to cope was “reaching a saturation point.”

“As you know, drinking alcohol with the sun beating down can have a devastating effect,” said Faure.

The bans coincided with a France-Norway game at the FIFA World Cup in Boston, due to kick off in the early hours of Saturday, local time.

Paris Pride, which was due to run Thursday through Sunday, was moved to September, and the Solidays music festival, scheduled to be held over the same period, was canceled because police felt going ahead with either amid the searing temperatures posed a major public health risk.

On Thursday, a three-year-old child died in a hot car in Saint-Gratien in the northern Paris suburbs.

As Paris baked in record temperatures that peaked at 40.9 degrees Celsius earlier in the week, Health Minister Stephanie Rist warned the health impacts of the heat were not restricted to the elderly, infants and other vulnerable groups.

“Even if you are young and in good health with no underlying medical issues, this heat will affect you too. Young people are also suffering from cardiac arrests,” she said, explaining that the Paris ambulance responded to a four-fold jump in cardiac arrests, compared with normal, during a 24-hour period.

Paris mayor Emmanuel Gregoire said the mortality rate was on the increase and urged people, especially the young, to suspend normal physical activity such as jogging.

“We must not believe we are invulnerable. It’s fine to take a couple of days off from exercising,” he said.

Troops in landing craft approach Omaha Beach on D-Day in Normandy, France, on June 6, 1944. D-Day was the largest seaborne invasion in history and turned the tide of World War II. Photo by UPI | License Photo

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MillerKnoll projects $3.93B-$4.13B in fiscal 2027 net sales as it plans 9-11 Herman Miller store openings (NASDAQ:MLKN)

Earnings Call Insights: MillerKnoll, Inc. (MLKN) Q4 fiscal 2026

Management View

  • “I am honored to step into this role” and “our financial performance is not where we want it to be,” said Chief Operating Officer and incoming Interim CEO Jeff Stutz, adding that fiscal

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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Trump renews push for year-round E15 gasoline sales across U.S. (ADM:NYSE)

Corn Made Biofuel

matt_benoit/iStock via Getty Images

The Trump administration asked Congress on Wednesday to pass a law allowing year-round sales of gasoline blended with 15% ethanol, marking the first formal push ​by his White House to enact the policy and siding with the biofuels industry against

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L.A. voters will take up another sales tax hike. Will they do it for firefighters?

A new sales tax that would generate $345 million annually for the Los Angeles Fire Department will go before voters later this year, the City Council decided Tuesday, as a stubborn warehouse blaze burned for a seventh day on the city’s eastern edge.

The council voted 14-0 to put the half-cent sales tax hike on the Nov. 3 ballot, with supporters saying the additional funds would go toward more firefighters, new fire stations and new equipment, such as firetrucks and helicopters.

The vote came nearly 18 months after the outbreak of the Palisades fire, which destroyed thousands of homes in Pacific Palisades, Malibu and other coastal areas, leaving 12 people dead. But it more immediately coincided with the city’s fight to extinguish the blaze at the Boyle Heights cold storage facility, which has spread smoke across the region over the last week.

The campaign for the sales tax hike is being spearheaded by United Firefighters of Los Angeles City Local 112, the union that represents nearly 3,400 firefighters. Appearing before the council, union leaders pointed to the Boyle Heights fire as the latest sign that the city needs more money for emergency response.

“This is our plan to undo decades of under-investment in the department,” said Ryan Quigley, a 23-year firefighter/paramedic who also serves as the union’s secretary.

Mayor Karen Bass, through a spokesperson, said she is grateful to the union for bringing the tax proposal forward.

“[The mayor] has championed this measure from the very beginning,” the spokesperson, Paige Sterling, said in a statement.

The firefighters union began gathering signatures for the tax earlier this year, submitting them to the city clerk last month. Since then, backers have voiced confidence that it would pass, given the growing concern across the city about urban wildfires.

Still, the path to victory could be complicated by recent events.

Last month, Los Angeles County voters narrowly passed a different half-cent sales tax hike that’s expected to raise $1 billion annually to pay for healthcare. That measure, which received just above the 50% needed for passage, pushed the tax rate within the city of Los Angeles to 10.25 cents for every dollar of spending.

If voters approve the fire tax increase as well, the rate will jump to 10.75 cents per dollar.

The firefighters union also will be campaigning in a year when one of its recent leaders, Adam Walker, has been charged with one count each of grand theft and forgery. He has been accused of stealing more than $82,000 from a charity for injured firefighters to pay for his online gambling, his mortgage and other personal expenses.

Union President Doug Coates said Walker left his position two years ago. The union, he said, intends to make clear to voters that “the money is going to the right thing.”

So far, no one has emerged as an opponent of the tax increase. The Central City Assn., a downtown-based business group, is supporting the fire tax.

Susan Shelley, spokesperson for the Howard Jarvis Taxpayers Assn., said her organization has not taken a position on the proposal. Still, she argued that sales taxes in general are “extremely regressive,” hitting the hardest for Angelenos who can afford it the least.

“Our view is that the city budget should be prioritized to fund the fire department from the first dollar, not the last dollar,” Shelley said. “And that there shouldn’t be a need for a tax increase.”

The sales tax hike, if approved by voters, would represent the most significant public investment in the fire department since 2000, when voters passed a $532-million bond measure to pay for new facilities. Backers said the tax increase would help the department speed up emergency response times, while also building new fire stations and repairing existing ones.

The firefighters union began work on the tax proposal more than two years ago, before the inferno that erupted on Jan. 7, 2025, and carved a lethal path through Pacific Palisades and other communities. Still, the push for more funding gained greater attention in the wake of the fire.

While the flames were still raging, then-Fire Chief Kristin Crowley went on local and national television to accuse city leaders of failing to give her department the resources it needed. The media blitz shocked some at City Hall, who believed Crowley should have waited until the emergency was over before publicly assigning blame.

Crowley and the union said city leaders had forced the department to scale back its operations amid a budget crunch. Bass and the city’s policy analysts pointed out that fire department spending grew that year, largely because of pay increases given to firefighters.

Bass ultimately ousted Crowley, saying the chief failed to properly deploy firefighters amid warnings of dangerous Santa Ana winds. Crowley, who was demoted to another position, filed a lawsuit against the city, saying the mayor engaged in a retaliation campaign.

The fire that broke out last week at the Lineage Logistics cold storage facility has helped to rekindle calls for additional fire department funding.

Councilmember Eunisses Hernandez, whose Eastside district has been enveloped in smoke in recent days, told her colleagues Tuesday that climate change and corporate negligence are making such emergencies “more frequent and more severe.”

“Whether it’s the devastating fires that hit Altadena and the Palisades last year, or the Boyle Heights warehouse fire currently affecting air quality and public health across the whole city, every one of our districts is feeling the impacts,” she said, before voting to put the tax on the ballot.

Councilmember Traci Park, who represents the Palisades, said the fires in the Palisades and Boyle Heights have “exposed Los Angeles’ urgent need to modernize LAFD for the realities and demands of a modern century.”

Fire Chief Jaime Moore, in an interview Monday, said he asked Bass to declare a state of emergency last week so that his department could obtain additional resources to fight the Boyle Heights fire, including firefighters, firetrucks, drone pilots and hazardous materials teams.

“I had firefighters work Wednesday afternoon, Thursday, Friday, Saturday. I talked to my incident commander, and he goes, ‘Chief, these guys are getting their butts kicked.’ And that’s when I said, ‘I’m gonna reach out to the mayor, and I’m gonna see what I can do to get the state of emergency declared.’”

Supporters of the sales tax increase contend the department lacks the personnel to serve a city of nearly 4 million people. According to the union, L.A. has nearly 3,400 firefighters, roughly the same number as 50 years ago.

If voters pass the sales tax hike, the city would have the funds to bring the department up to 5,000 firefighters by 2050, union officials said.

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Trump lifts Iran sanctions, allows first dollar sales since 1979

Vice President JD Vance, Pakistani Prime Minister Shehbaz Sharif and Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani speak ahead of talks between the United States and Iran at the Buergenstock resort in Obbuergen, near Lucerne, Switzerland, Sunday. The U.S. has waived Iran sanctions Tuesday. Photo by Urs Flueeler/EPA

June 23 (UPI) — President Donald Trump lifted sanctions on Iran releasing millions into the Iranian economy Monday,

President Donald Trump presents a Medal of Honor to Tom Ripley on behalf of his father, John W. Ripley, during a Medal of Honor award ceremony in the East Room of the White House on Thursday. Photo by Aaron Schwartz/UPI | License Photo

allowing American dollar trade for the first time since 1979.

The U.S. Treasury on Monday issued a 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in U.S. dollars through Aug. 21.

Under this general license, boats and entities that were sanctioned are also cleared to operate. The waiver could also open up allowing U.S. imports of Iranian oil, which hasn’t happened since the 1990s.

Trump defended the move on Truth Social Tuesday morning, saying that the money to Iran is to be used for food and supplies purchased from the United States.

“Despite their protestations and false statements to the contrary, coupled with the drumbeat of the Fake News, which is doing everything possible to make the U.S. Victory as small and insignificant as possible, Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure ‘Nuclear Honesty.’ If they did not agree to this, there would be no further negotiations!” the president posted.

“Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade. However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely. The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers. These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well!” he said.

Vice President JD Vance said Monday that during peace talks on Sunday, Iran agreed to invite the International Atomic Energy Agency back into the country for inspections.

But Iran denied that concession Tuesday morning.

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‘We’re Snookered Again!’ Regan Says He Told Reagan : Called for End to Iran Arms Sales

Blunt-spoken Donald T. Regan testified today that he repeatedly urged President Reagan to break off arms sales to Iran, once telling him, “We’ve been snookered again.”

And when it became known late last year that money from those sales had been diverted to the Nicaraguan contras , Regan said, he pushed for making a clean breast of the story despite the opposition of former National Security Adviser John M. Poindexter and the doubts of the late CIA Director William J. Casey.

Regan, who was fired in February as Reagan’s chief of staff after being blamed by the Tower Commission for allowing “chaos” to descend on the White House, was the next-to-last public witness in the long congressional Iran-contra hearings. He is to be followed by Defense Secretary Caspar W. Weinberger on Friday.

Kept in the Dark

Regan said he never knew that Lt. Col. Oliver L. North, a member of the National Security Council staff, was conducting covert operations, including the transfer of Iranian arms sales profits to the contras.

Asked his reaction when he learned last November, he replied in a single word–”horror.”

Recounting his version of the arms-sales history, Regan said that on Dec. 7, 1985, at a meeting with the President, Secretary of State George P. Shultz and Weinberger, he had said “we weren’t getting anywhere” with Iran despite the arms sales and had recommended: “Why bother, cut your losses, get out of it.”

Enter McFarlane

Instead, he said, the President sent former National Security Adviser Robert C. McFarlane to London to talk with Iranian representatives to see whether the attempt at better relations could be salvaged. He said McFarlane returned “quite disgusted with the sleazy type of characters that he had met there.”

Yet, when the matter of arms shipments came up again the following month, Regan endorsed further shipments. “It seemed again a worthwhile effort,” he testified.

One thousand TOW missiles then were shipped to Iran from the United States, but the hostages were not released.

Then, said Regan, he told the President that “I thought we ought to break it off, that we’d been snookered again. And how many times do we put up with this rug-merchant type of stuff? Or words to that effect.”

Seemed to Understand

Regan said the President seemed to share his view.

“Did he instruct anyone to terminate their activities?” asked Terry A. Smiljanich, the associate Senate committee counsel.

“No,” Regan said.

“There was a pause then, and I sort of lost track of what was going on.” He said the budget then occupied his time.

Among Regan’s disclosures and quips:

–Iran was running a “bait-and-switch” operation, with hostages the bait and Reagan the victim.

–He is certain that Reagan did not know of the diversion of arms-sales proceeds until Meese told the President last Nov. 24, the day before Meese announced discovery of the fund diversion on television.

“This guy was an actor and he was nominated at one point for an Academy Award,” Regan said of the President. “But I’d give him an Academy Award if he knew anything about this” and hid that knowledge so skillfully.

–He said he doubted Reagan would have approved of the fund diversion if he had known about it.

–”It didn’t occur to me that men of that caliber (Poindexter and North) would be destroying documents or . . . clean up the record.”

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Russia cuts fuel sales to public in Crimea

Smoke billows in the background following a reported Ukrainian drone attack on a fuel facility in Moscow on Thursday. Photo by Stringer/EPA

June 21 (UPI) — The Russian government on Sunday halted fuel sales to civilians and businesses not considered vital to functioning and security in Crimea.

Sergey Aksyonov, the governor of Crimea, announced people would be turned away from gas stations amid a fuel shortage and logistical difficulties related to the war with Ukraine, the BBC reported.

“Further decisions regarding the current situation in the republic’s fuel market will be announced at a later date,” he said in a post on Telegram.

The announcement came amid new attacks by Ukraine on energy and transportation infrastructure on the Crimean Peninsula, Politico reported. Russia illegally annexed the peninsula from Ukraine in 2014, and it has been at the center of fighting between the two countries ever since.

Ukraine has repeatedly targeted Russia’s energy supply in an effort to hobble its defenses and ability to transport troops and machinery. Fuel facilities in the Kerch Strait in Russia’s Krasnodar region have also been attacked.

Aksyonov said a Ukrainian drone attack on an oil depot in Kerch killed four people and injured 28.

Ukrainian President Volodymyr Zelensky said the attack was a “just response to Russia’s brutal attacks.”

“Russia understands only strength, and our long-range strength is certainly working for peace,” he wrote in a post on X.

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The best-value travel deals and sales on now

IF you haven’t booked yourself a summer holiday yet, or you’re desperate to upgrade your battered old suitcases…you’re in luck.

Top travel brands like Expedia, Eastpak, and On the Beach have launched massive summer sales – and we’ve rounded up the top deals.

On the Beach are offering holidays at The Villamarina Club hotel in Salou £385pp – saving £107 Credit: On The Beach
The Eastpak TRANVERZ M suitcase is down to £99 from its full price of £165 Credit: Eastpak

These companies have slashed prices on everything from plane essentials to entire package holidays.

We’ve scoured their websites to find the biggest discounts so you don’t have to.

Here are the top online travel deals you can snap up right now.

Eastpak Luggage Summer Sale – up to 50% off

Need a big, durable suitcase with heaps of packing room inside? Eastpak if your best bet.

TURK NOTE

Turkey urges tourists it’s ‘safe to travel’ with insanely cheap holiday deals


SUN SEEKER

I use ‘deal stacking’ tricks to save £1,000s on holidays & get FREE upgrades

Eastpak Luggage are running a summer sale where there’s up to 50% off on luggage, meaning you can make some huge savings on high-quality suitcases.

One of the biggest price drop items is the Travelpack backpack, where the price has been slashed in half from £95 to £47.50

If you’re looking for large luggage with plenty of room for your holidays, the TRANZVERZ L is currently 40% off – down from £185 to £111.

Another suitcase with big savings is the TRANVERZ M, a medium-sized suitcase on wheels which is down from its full price of £165 to £99 instead.

Expedia Big Summer Sale – up to 35% off

Expedia are having a Big Summer Sale where you can save hundreds on package holidays Credit: Expedia

Expedia’s Big Summer Sale has lots of hotels and package holidays still available for the summer where you can bag some major savings.

There’s also deals on flights and car hire, so you can sort out everything you’ll need for your holiday in one place.

Included in the sale are last-minute beach holidays, such as three nights at the adults-only Hotel THB María Isabel in Majorca for £217pp (saving £98).

Plus this package holiday in Greece comes with an extra night for free, staying three nights at the Oktober Downtown Boutique Hotel in Rhodes for £310pp (saving £101).

Here’s a selection of some of the top deals we could find

Packing cubes – 38% off

This eight peice packing cubes set is on sale for under a tenner at Amazon Credit: Amazon

If you haven’t started using packing cubes yet, now’s the time.

This eight piece set on Amazon is down 38% to £9.95, so you can grab yourself a full kit for under a tenner.

Rolling clothes into these cubes can save on luggage space, plus the kit comes with a dedicated toiletries bag and wet bag for swimwear – all are waterproof.

Not only can they save room in your suitcase, but they’ll save you time, too.

We all know that feeling of rummaging through a huge disorganised pile on the hotel room floor to find what you need.

Save yourself the hassle and keep things organised.

Amazon Travel Packing Cubes – £15.99 NOW £9.95

On the Beach holiday deals – £££ off + kids go free

You can bag a week-long holiday at the 5-star Royal Atlantis Icon in Turkey for £525pp Credit: Expedia

On the Beach have a huge number of package holidays on sale, with destinations ranging from Spain and Greece to Florida.

These holidays include flights and accommodation, and are currently up to hundreds of pounds off full price.

Some of the best deals include a week-long stay in Albufeira for £250pp at the Muthu Balaia Sol hotel, which even has a kids stay free offer.

There’s also a week-long stay at the Villamarina Club hotel in Salou for £385pp, which also offers free kids’ places. This holiday is currently £107 off.

Other holiday deals in the sale include:

Browse their top deals page for more holiday deals.

Noise reduction earplugs – 80% off

These Amazon earplugs are on sale at 80% off full price – you can bag them for £9.99 Credit: Amazon

If you’re tired of jamming cheap foam plugs into your ears – wondering if you’re doing actual damage to your ear canals – it’s time for an upgrade.

These Amazon earplugs are currently on sale for a massive 80% off, down from £49.99 to £9.99.

These soft and flexible earplugs are designed to mould perfectly into the ear – much comfier than the free pairs, which also don’t really block any noise.

In fact, these earplugs also provide 40% stronger sound isolation than regular foam alternatives, helping you enjoy the silence and sleep soundly.

Plus these plugs are specifically designed ‘to Block Snoring & Partner’s Noise,’ a saviour if you travel with a loud sleeper.

Amazon FIKSFA Ear Plugs – £49.99 NOW £9.99

Memory foam travel pillow – 20% off

This memory foam travel pillow is moulded to fit perfectly around your neck Credit: Amazon

Gone are the days of trying to get comfortable leaning against the plane window. Or worse, craning your head down onto your shoulder, leading to interrupted sleep and neck pain.

Travel pillows are a must for long haul flights – but not all of them are built the same.

This memory foam neck pillow from Amazon is ergonomically designed to cradle your neck perfectly.

Plus it even comes with ear plugs and an eye mask for optimum sleep, as well as a travel bag to keep it safe and clean.

It’s currently on sale, down 20% to £11.89. Skip the inflated airport prices and grab yourself a deal – and a better night’s sleep, too.

Amazon Cirorld Travel Pillow + ear plugs + eye mask – £14.99 NOW £11.89

*Prices correct at the time of publication.

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Supporters cheer new L.A. County Measure ER sales tax

Supporters of a new Los Angeles County half-cent sales tax rallied Wednesday to celebrate what they framed as a historic win for the region’s cash-strapped healthcare system.

After a rocky election night that showed the tax lagging, supporters claimed victory Tuesday after the latest vote tally pushed Measure ER further over the 50% margin needed to pass. The measure would impose a new half-cent sales tax countywide, with the proceeds going toward local hospitals and clinics hit by federal funding cuts.

Jim Mangia, the chief executive of St. John’s Community Health who helped craft the measure, summed up the campaign as “grueling and expensive.”

“We had to ask an already overtaxed community — in the midst of runaway inflation and [an] affordability crisis — to tax themselves yet again,” he told a crowd of supporters Wednesday.

L.A. County already has a sales tax of 9.75%, and some cities add their own on top. Measure ER passing would raise the countywide sales tax to 10.25%, with some individual cities having a sales tax of more than 11%, according to the California Department of Tax and Fee Administration.

Despite a recent winning streak for sales taxes in L.A. County, some political observers had forecast doom for the measure, which came at a time of skyrocketing gas prices and cost-weary voters.

The largely informal opposition had consisted mainly of local cities that warned another sales tax would disproportionately burden the poorest residents and force shoppers across the county border in hopes of finding lower costs. Some city leaders had also dinged the county for misusing homelessness money generated from a previous sales tax and argued this new pot of dollars would be handled no better.

But supporters were able to eke out a narrow victory, according to the latest election returns, by emphasizing looming hospital closures and the temporary nature of the tax, which is set to sunset in five years.

“It’s a lifesaver to carry us through the storm we’re all in,” said county Supervisor Holly Mitchell, who led the push within the Board of Supervisors to get the measure on the ballot.

County leaders in February voted 4-1 to put the tax on the ballot after federal legislation threatened to pull health insurance from the poorest residents, leaving the already cash-strapped county to foot the bill for their care. Officials say cuts in the One Big Beautiful Bill Act are expected to slash more than $2 billion from the county’s budget for health services over the next three years.

“It’s disgusting what’s going to happen to our residents,” said Supervisor Hilda Solis, who championed the measure alongside Mitchell.

The tax, which begins Oct. 1, comes at a time of budget-tightening for the county amid rising labor costs and a $4-billion sex abuse settlement that is set to be paid out over the next five years.

Officials estimate the tax will bring in about $1 billion per year, which will go to clinics, hospitals and Planned Parenthood services that supporters say are at risk of closure without a new source of cash.

A similar proposed healthcare sales tax in Contra Costa County, meant to generate $150 million a year, was soundly rejected with about 57% of voters opposing the measure, according to votes tallied as of Wednesday.

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LA28 releases details on second Olympics ticket sales drop

LA28 reserved the first Olympic tickets for locals. To kick off the second round of ticket sales, it’s a sponsorship connection that could help fans get to the front of the line.

Before the second Olympic ticket drop officially begins Aug. 10, LA28 announced Wednesday there will be a presale for Visa cardholders that will run from July 29-31.

Visa has sponsored the Olympics for 40 years and is the only credit card accepted for payment in Olympic zones. For a chance to be selected for the presale, fans need to first confirm their status as a Visa cardholder. Fans who have already registered can log into their existing LA28 ticket account, check the “Visa presale box” and save changes. New registrants must select the Visa cardholder option during the registration process. All ticket sales during the presale must be completed with a Visa credit card.

Fans can register for the second ticket drop at tickets.la28.org until July 22. Those who already registered for Drop 1 but weren’t selected or didn’t purchase their full 12-ticket allotment do not have to sign up again and are automatically entered into the lottery for Drop 2, which will run from Aug. 10-20.

Fans who are randomly selected for the Visa presale will be notified of their time slot on July 27. Those who aren’t selected for the presale remain eligible for a time slot in Drop 2. Email notifications for Drop 2 time slots will go out from Aug. 6-7.

The second ticket drop will offer tickets across all Olympic sports at a range of price points, LA28 said in a statement, subject to inventory availability. Prices start at $28 for individual tickets, but of the total 1 million $28 Olympic tickets, half were scooped up during the Drop 1 presale that was reserved for locals living near venue cities in Southern California and Oklahoma City.

April’s ticketing debut frustrated fans who were surprised by high prices, a 24% service fee on every ticket and limited inventory for key events. Still, LA28 sold 4 million tickets across 85 countries, a historic number that had International Olympic Committee officials giddy for the potential of the 2028 Games.

“What we thought we were going to sell, and what we thought we were going to get for people who registered for interest, we exceeded those by magnitudes,” LA28 Chief Executive Officer Reynold Hoover told The Times on June 4 after IOC members visited L.A. “We were able to set Olympic records in terms of sale, but I think the broader picture about all of that is people want to be a part of something really big and be part of something here in L.A., a part of history.”

LA28, the organizing committee behind L.A.’s first Olympics in 40 years, expects to generate $2.5 billion in ticketing and hospitality to support what has been advertised as a privately funded Games. The estimated $7.1-billion operations budget is also buoyed by $2.5 billion in expected sponsorship revenue. LA28 already has $2 billion in domestic partnership money.

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Supporters of L.A. County healthcare sales tax declare victory

Supporters of a half-cent sales tax proposed to help fund health services in Los Angeles County declared victory Tuesday after days of steadily gaining ground as more ballots were counted.

The latest results show the “yes” camp ahead by a slim margin, with just more than 50% of the vote. The measure needs a simple majority to win.

“Today, Angelenos sent a clear message: we take care of each other,” said Jim Mangia, chief executive of St. John’s Community Health and a spokesperson for the campaign, in a statement. “For months, we watched Washington make decisions that stripped healthcare away from hundreds of thousands of our neighbors — and today, Los Angeles County answered.”

The campaign said it would be organizing a news conference Wednesday to celebrate the “historic win.”

The proposal, on the ballot as Measure ER, had gained traction since election night, when results showed the tax had failed to gain a majority of support among early voters. Voters have not rejected a sales tax hike in L.A. County since 2012, when a transportation measure fell just short of a needed two-thirds majority with 66.1% support.

Approval of Measure ER would impose a new sales tax of half a penny of every dollar spent in the county, with the proceeds going to local hospitals and clinics that say they’re bleeding funding after federal cuts. Officials anticipate it will bring in $1 billion annually to patch the holes in the health services network.

The tax, which was championed by a coalition of healthcare advocates, takes effect Oct. 1 and will last for five years.

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Designer Brands anticipates Q2 sales flat to slightly up as full-year EPS trends toward high end of range (NYSE:DBI)

Earnings Call Insights: Designer Brands Inc. (DBI) Q1 fiscal 2026

Management View

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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Activists disrupt German military exhibit over arms sales to Israel | Genocide News

NewsFeed

Pro-Palestine activists interrupted an army recruitment event during German Armed Forces Day. They climbed onto a tank and unfurled a banner reading ‘Genocide with German weapons’ and named Rheinmetall, a key arms supplier to Israel’s military.

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World Cup fans squeezed by botched ticket sales, steep water prices

It wasn’t too good to be true, but it was too good to remain true.

World Cup fans still reeling from FIFA’s pricey water policy change have a new gripe: Soccer’s governing body is demanding payment from about 60 people who secured tickets for free because of a glitch on the FIFA website during checkout.

FIFA confirmed the mistake with a swift response, issuing a statement that said pay up or stay home:

“The tickets requested by these fans remain reserved, and the affected fans have been invited to complete payment of the correct amount. FIFA regrets the error and any inconvenience caused.”

What, did anyone think a governing body denying fans free water in the summer heat would allow 60 souls into stadiums without paying admission? Even when FIFA admitted its mistake?

One week before matches begin in 16 North American venues, including SoFi Stadium that will be referred to during the tournament as Los Angeles Stadium, FIFA reversed its policy that allowed refillable plastic bottles when temperatures were high enough to justify it.

Now, no plastic water bottles are allowed except the ones sold in the stadium. Last summer during the Club World Cup, bottled water at FIFA venues fetched $4 to $6.

Coca-Cola products will be sold at all World Cup venues, including Dasani water. In a statement to the Athletic on Thursday night, FIFA skirted questions about whether it was influenced by commercial priorities.

“The decision to prohibit capped water bottles is based on a number of factors related to safety and security, including mitigating risks to players and spectators, ensuring a safe and efficient ingress experience for all attendees, and the presence of additional heat mitigation and alternative hydration strategies at FIFA World Cup 2026 stadiums,” the statement read.

Toronto Mayor Olivia Chow questioned FIFA’s motive.

“Why do you need to buy a water bottle when you can just carry your water in? It is cheaper that way and it is good for the environment,” Chow told CTV News. “It is outrageous. They are just trying to make more money. They are already making billions of dollars. Stop it.”

Chow’s ire likely grew upon learning that the group-stage matches the 60 people who now must pay for tickets FIFA mistakenly provided them are all in Toronto.

Complaints have mushroomed for months about World Cup ticket price fluctuations caused by sophisticated algorithms that can dramatically increase costs based on demand. Prices adjust in real time, increasing when interest surges.

The attorneys general of New Jersey and New York a week ago launched an investigation into World Cup ticket sales following reports that fans were misled about the locations of seats they purchased.

The attorneys general sent subpoenas to FIFA, requesting details about ticketing practices for eight World Cup matches hosted in New Jersey, including the World Cup final.

FIFA has about $6.14 billion in total assets and $3 billion in cash reserves.

The organization has defended its steep ticket prices, saying they reflect standard practices for major global sporting and entertainment events.

Longtime soccer journalist Simon Kuper explained to The Times’ Kevin Baxter that FIFA can maximize profits because it has no competition.

“If you think of McDonald’s or Nike, they’re trying to please consumers because they know the consumers can go someplace else,” Kuper said. “There’s only one World Cup, so FIFA is a monopoly purveyor. It’s more like one man running the cash box.”

Parking will be another opportunity to generate revenue. A spot nearly two miles from SoFi Stadium will cost $300 for the U.S. opener against Paraguay next week.

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Zara owner Inditex defies Iran war concerns with strong sales as shares surge

Published on Updated

The Spanish fashion giant behind Zara, Inditex, posted net income of €1.4 billion in the first quarter, up 5.4% year-on-year and ahead of market expectations.


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Sales rose 5.8% to €8.7bn, or 8.8% at constant exchange rates, ahead of the roughly 8% analysts had anticipated.

Gross profit rose 6.9% to €5.4bn, helped by an improvement in profit margins, meaning the company kept a larger share of revenue as profit. EBITDA, a measure of underlying earnings, increased 7.3% to €2.6bn.

Inditex shares rose more than 5% on Wednesday after the company reported a strong start to the second quarter, with sales increasing 11.5% between 1 May and 1 June, reassuring investors that the Zara owner remains resilient despite signs of weakening consumer spending.

“Inditex continued its strong momentum with its latest results beating first quarter expectations, and also seen a strong start to the second quarter too, as sales grew more or less in line with the rate the company exited with in the previous quarter,” said Mamta Valechha, consumer discretionary analyst at Quilter Cheviot.

The revenue jump from one of the world’s largest listed clothing retailers points to solid consumer appetite heading into the summer, despite concerns that a more uncertain economic and geopolitical backdrop could weigh on spending in the months ahead.

Navigating geopolitical risks

The results come as businesses around the world face growing uncertainty over the global economy and concerns that consumers may cut back on spending.

Inditex said its wide-ranging supply chain and flexible transport network had helped it keep products flowing to stores around the world despite recent disruptions.

“Ultimately, Inditex continues to have a resilient business model that can withstand significant economic pressures and currency headwinds,” said Mamta Valechha, consumer discretionary analyst at Quilter Cheviot.

Valechha said strong customer demand and the company’s ability to source products close to its key markets had helped it keep collections up to date while limiting the need for discounts. Productivity improvements had also helped protect profitability.

Inditex also said that the current “geopolitical challenges” had an impact on the sales in the Middle East, a region that Barclays estimates accounts for about 5% of its revenue.

The company also warned that ongoing instability in the region could affect its performance in the months ahead.

Inditex faces a number of other challenges, including higher shipping costs and rising prices for raw materials such as cotton and polyester. Currency movements are also expected to weigh on results this year.

Inditex ended the quarter with 5,456 stores and a net cash position of €10.8bn.

The board has proposed a dividend of €1.75 per share for the last fiscal year, comprising an ordinary component of €1.20 and a bonus of €0.55, payable in two instalments in May and November 2026.

Despite the strong start to the year, Inditex left its outlook unchanged. It said it expects sales growth to continue into the second quarter, supported by strong demand for its spring and summer collections and ongoing improvements to its stores and operations.

However, the company said currency fluctuations are likely to reduce sales growth by around 1% over the full year. It also expects to invest about €2.3bn in the business during the current financial year.

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Early returns show L.A. County voter doubts about healthcare sales tax

Los Angeles County’s half-cent sales tax to fund healthcare services was trailing Tuesday, with early returns showing a majority of voters rejecting the measure.

The tax — a half-penny of every dollar spent in the county — is meant to prop up local hospitals and clinics that are hemorrhaging funding after recent federal cuts.

The sales tax, which needs a simple majority to pass, would take effect Oct. 1 and last five years. Officials say it would pull in $1 billion annually to help plug the budget holes hitting local hospitals and clinics.

L.A. County health officials anticipate the One Big Beautiful Bill Act, signed into law by President Trump last summer, will slash more than $2 billion from the county’s health services budget within the next three years. Due to eligibility changes, the county will no longer be able to get reimbursements for many Californians who have lost Medi-Cal.

The measure was championed by a coalition of healthcare advocates called Restore Healthcare for Angelenos who warned that mass layoffs and emergency room closures could be imminent if new funding didn’t come fast. The Department of Public Health recently closed seven clinics — a grim sign, supporters said, of service cuts to come.

Voters haven’t rejected a sales tax hike since 2012, when a transportation measure fell just short with 66.1% support. It needed 66.7% to pass.

A majority of county supervisors had supported the new tax proposal, voting 4 to 1 this February to put it on the ballot. But the measure faced significant opposition from local cities, with opponents arguing the sales tax hike would unfairly burden the poorest county residents and encourage people to spend their dollars across the county line.

Supervisor Kathryn Barger, the board’s lone opponent of the tax, said she was concerned it was a “general” tax, meaning the money wouldn’t be earmarked for healthcare costs. Instead, she argued, politicians would have final say over how the money gets spent.

The supervisors have created a plan for spending the tax money, with the largest chunk of the money meant to cover the costs for patients without insurance. The measure also asked voters to sign off on a nine-member oversight committee.

The county currently has a base sales tax rate of 9.75%, and cities impose local taxes on top of that.

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Chinese carmakers double EU market share as EVs drive sales growth

The EU’s new car market maintained steady growth through the first four months of 2026, with nearly 3.8 million vehicles registered, up 4.2% from the same period in 2025. This is according to data published on Wednesday by the European Automobile Manufacturers’ Association (ACEA).


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The figures show a market increasingly dominated by electric and hybrid vehicles, helped by government incentives in major economies and growing competition from Chinese carmakers.

According to ACEA, between January and April 2026, battery-electric cars accounted for 19.7% of the EU market, up from 15.3% a year earlier. Growth was mainly driven by the bloc’s four largest markets, with Italy (+25.5%), Spain (+19.7%), Germany (+6.6%) and France (+2.3%) all recording gains.

In April alone, sales of battery electric vehicles were up by 37.7% in the EU from the same month last year, lifting their market share to 20.6% for the month.

Hybrid-electric vehicles remained the most popular single powertrain choice in April, up 12%, accounting for roughly 36.9% of the month’s sales.

Plug-in hybrids added 16.4%, capturing roughly a 9.8% share in April registrations.

On the other side of the ledger, petrol car registrations fell 16.3% to fewer than 218,500 units, while diesel dropped 17.1% to around 74,000.

Together, petrol and diesel cars accounted for less than 30% of vehicles sold across the EU in April.

European brands performance in 2026

Volkswagen Group retained its position as the bloc’s largest carmaker in the first four months of 2026, accounting for 26.7% of all new registrations, with just over one million units sold, up 2.9% year-on-year.

However, performance varied across the group. Skoda registrations rose 15.5%, and Audi gained 8.6%, while the core Volkswagen brand slipped 3.2%, losing ground across multiple segments.

Stellantis ranked second with a 17.1% market share and over 648,000 units, up a robust 7.8%, driven by a recovery at Fiat of over 32%, and strong gains at Opel and Vauxhall, which together rose 22% in registrations.

Renault Group was the weakest performer in the top three, declining 7.4% to around 384,250 units and accounting for a 10.1% market share, with Dacia registering a particularly sharp fall of more than 15%.

BMW Group and Mercedes-Benz posted gains of 3.9% and 3.8%, respectively, while Toyota and Hyundai Group both recorded modest declines of between 2.5% and 3.1%.

The Chinese surge

The most significant trend in April’s data was the continued rise of Chinese carmakers.

According to ACEA figures, BYD’s EU registrations more than doubled year-on-year in the first four months of 2026, surging 152.9% to more than 71,850 units.

Chery Automobile, through its Omoda, Jaecoo and Jetour brands, grew 267.1% to more than 48,350 units, while Leapmotor, distributing through its joint venture with Stellantis, soared 558.8% to over 28,700 units.

SAIC Motor, owner of the MG brand and the largest Chinese group by EU volume, added a further 10.4% to reach more than 77,000 units.

Combined, Chinese brands accounted for around 6% of EU car registrations between January and April 2026, compared with 3.2% in the same period a year earlier. Across the wider European market, including the UK and EFTA countries, Chinese brands accounted for a combined market share of roughly 7.3% over the same period, up from 3.7% a year earlier.

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Hyundai Motor, Kia post record U.S. hybrid sales amid No. 2 race

A chart shows Hyundai Motor and Kia’s growing share of the U.S. hybrid vehicle market from 2022 through the first quarter of 2026, with Hyundai reaching 10.9% and Kia 7.9%. Data from Kiwoom Securities. Graphic generate by Asia Today and translated by UPI

May 26 (Asia Today) — Hyundai Motor Company and Kia are accelerating efforts to secure the No. 2 position in the U.S. hybrid vehicle market as demand for gasoline-electric models continues to rise.

The South Korean automakers are expanding local hybrid production in the United States to reduce tariff costs and increase utilization at Hyundai Motor Group Metaplant America, or HMGMA, in Georgia.

The U.S. auto market has seen growing consumer demand for hybrids since the expiration of federal electric vehicle tax credits in September 2025.

Hybrid vehicle penetration in the United States rose from 10.1% in 2024 to 13.7% in the first quarter of this year, while electric vehicle penetration fell from 7.9% to 5.6%, according to industry data.

Data from Kiwoom Securities and EV-Volumes showed Hyundai Motor’s share of the U.S. hybrid market reached 10.9% in the January-March period, up from 8.0% in 2024.

Kia’s share rose to 7.9% from 4.2% two years earlier.

Combined hybrid sales by the two companies totaled 97,627 vehicles in the first quarter, a 53.2% increase from a year earlier.

Industry analysts said demand for hybrids could continue to grow in the second half of the year if high fuel prices persist.

Unlike the increasingly crowded electric vehicle market, where companies including Tesla, Toyota Motor Corporation, General Motors, Rivian and Ford Motor Company compete aggressively, the hybrid segment remains dominated by Toyota, Honda Motor Co. and Hyundai Motor Group, which together account for about 85% of sales.

Hyundai Motor Group plans to further increase U.S. production of hybrid models.

Kia is expected to begin producing the Sportage hybrid at HMGMA later this year, while Hyundai Motor is expected to manufacture the Palisade hybrid and Tucson hybrid at the plant beginning next year.

The strategy is aimed at reducing tariff burdens estimated at about 15% while boosting production efficiency at the Georgia facility.

Analysts said the compact SUV segment will be a key battleground.

Honda’s CR-V led the segment in the United States with about 56,000 units sold in the first quarter, followed by Toyota’s RAV4 with about 37,000 units. Hyundai Tucson and Kia Sportage each sold about 17,000 units during the period.

“The current CR-V model was introduced in 2023 and is beginning to age,” Kiwoom Securities analyst Shin Yoon-cheol said. “Hyundai Motor Group’s new hybrid product cycle could create pressure for Honda.”

Shin added that if Hyundai and Kia capture 10% of CR-V hybrid sales in the United States, the companies’ combined market share could improve by 0.1 percentage points.

— 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=20260526010007582

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Starbucks’ Korean sales fall after backlash to ‘Tank Day’ ad campaign | Protests

Coffee chain has seen ‘very significant’ drop in sales after campaign that evoked deadly crackdown, local operator says.

Starbucks Korea has suffered a “very significant” drop in sales after a marketing campaign that evoked a brutal 1980 military crackdown on pro-democracy protesters triggered a public outcry, according to the coffee chain’s local operator.

Shinsegae Group, whose subsidiary E-Mart owns the coffee chain in South Korea, has faced mounting criticism over its so-called “Tank Day” campaign, launched on the anniversary of the May 18 Gwangju Uprising, when the military government deployed troops and tanks to suppress pro-democracy demonstrations.

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In a news conference on Tuesday, Shinsegae Group chairman Chung Yong-jin made a public apology and asked people not to take out any anger on Starbucks Korea employees and front-line staff.

“I take it very seriously, the fact that many people felt deep pain and anger because of Starbucks Korea’s inappropriate marketing campaign,” Chung said.

“I will take all responsibility for the incident.”

Chung also asked people not to take out their frustration on staff at Starbucks shops, saying the responsibility lies with management. There were no immediate reports of major incidents at stores.

Chung issued his first apology on May 19, saying in a statement that the campaign caused “deep pain to the victims and bereaved families of the May 18 Democratization Movement as well as to the public”.

Shinsegae fired the head of Starbucks Korea last week after apologising over the campaign. Starbucks Global also apologised and said that an investigation had begun.

A Shinsegae official said sales had fallen sharply since the marketing controversy.

“While sales are not our main concern at the moment, we have seen a very significant drop,” said the official.

At Tuesday’s news conference, Jeon Sangjin, a senior Shinsegae Group executive, said the company had yet to find conclusive evidence that Starbucks Korea marketing employees intended to mock the pro-democracy movement, an accusation the employees have denied.

However, he said some employees refused management requests to hand over their smartphones during a weeklong internal review.

Jeon said the company would look at the results from the police inquiry, and any employee found to have intended to ridicule protesters would be fired.

The anger over the campaign has triggered public calls for boycotts, amplified by government officials, including Interior and Safety Minister Yoon Ho-jung, who said Starbucks products will no longer be used at government events and lamented the chain’s “anti-historical behaviour”.

The country’s president, Lee Jae Myung, said on X last week that the campaign displayed “inhumane and disgraceful behaviour by cheap profiteers who deny the values of the South Korean community, basic human rights and democracy”.

Hundreds of people are estimated to have died ⁠or gone missing when Chun Doo-hwan’s military government cracked down on the protests in Gwangju.

Many details remain unconfirmed, including who gave the order to open fire.

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Tjx lifts FY2027 outlook to $63.2B-$63.7B sales and $5.08-$5.15 EPS following Q1 outperformance (NYSE:TJX)

Earnings Call Insights: The TJX Companies (TJX) Q1 fiscal 2027

Management View

  • “First quarter sales, profitability and earnings per share were all well above our expectations… Overall comp sales were up an outstanding 6%… With our above planned first quarter sales, we are raising

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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China economic slowdown deepens: Retail sales flatline and factory out

Data Concept

ronniechua

China’s economy slowed down sharply in April 2026 as geopolitical fallout from the war in Iran weighed heavily on consumer spending and factory output.

Retail Sales: Growth flattened to just 0.2% year-over-year, marking the weakest performance since late 2022. This was a sharp deceleration

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