World

How Airbnb hosts prepared their rentals for the World Cup

The 2026 FIFA World Cup has wrapped, but some Angelenos who rented their homes to fans are still tallying up profits from a month of soccer frenzy in the city.

Driven by projections of massive tourism and a $750 first-time host incentive from Airbnb, many local property owners expected a sizable payout. While some savvy owners were able to cash in big during the tournament, others experienced only a moderate bump.

But something they all walked away with was some extra cash in their pockets and a blueprint for the LA28 Olympics.

We spoke with three L.A. Airbnb hosts to find out what they earned through their rentals during the World Cup, the luxurious renovations and amenities that helped their properties stand out and what advice they’d give others to prepare for the next global gold rush.

Wellness retreat-inspired house in Inglewood, 3 bedrooms

Lia Pilla sits in one of her Airbnb properties.

Lia Pilla turned one of her Airbnb properties into what she calls the Pink Palms Retreat. The Inglewood home features an infrared sauna, a large hot tub and more.

Rental host: Lia Pilla

How long have you been a host? Since 2021

Pre-World Cup rate: Ranged from $350 to $550

Price during the World Cup: During opening weekend, I got $2,730 for two nights. Of course, I have to pay a cleaning fee, but just in two nights, I’m a few hundred short of paying my mortgage, so that was really cool. For the following games, I maybe got like $400 to $500 a night. Then for the final weekend, I got like $3,400 for four nights, so it went back up.

What updates did you make, if any, to prepare? Last July, I did a full remodel of the house and turned it into what I call Pink Palms Spa Retreat. It’s all pink on the outside. It has an infrared sauna and a huge hot tub that can fit up to like 20 people. It has a large dining table with a firepit on top of the table, lush privacy trees and a custom gym.

Were you surprised with how things played out? I was expecting to make a couple hundred thousand off this World Cup, I’m not gonna lie, but I didn’t so I was like “OK. That kind of sucks.” I think L.A. got a little bit [cheated] with the teams we had. We had Team USA, which was cool, but we didn’t have any of the the big name teams like Argentina or France or Spain, so I think that’s one reason why the prices weren’t as high. I also think the political climate has made a big impact. Some people are scared to come to the U.S. or they aren’t allowed to come. But I’m happy with what I did get.

What’s one thing you’re thinking about doing with the money you made? I always invest back into the business. I want to touch up everything at all of my properties, so it continues to look like the pictures because your reviews are so important. I also have a Europe vacation planned.

Any advice for hosts preparing for the Olympics? Do your research on the market. Think “If I’m traveling to Los Angeles, what would I want?” because it’s also about the experience you create. Know what amenities people like. If you’re starting out or you’re already a host, I highly recommend having software in place for property management, cleaning and pricing.

‘Hillside hideaway’ in Woodland Hills, 2 bedrooms

A man stands outside his Airbnb.

Matthew Motamedi was surprised to see an influx of bookings on his Woodland Hills hideaway, which is roughly 30 miles away from SoFi Stadium.

(Kayla Bartkowski / Los Angeles Times)

Rental host: Matthew Motamedi

How long have you been a host? Since July 2025

Pre-World Cup rate: In late spring, we were charging $250-$280 per night on average.

Price during the World Cup: It was around $300, which is normal during July for us. We undercut the hotels and some of the other listings in our area by $100.

What updates did you make, if any, to prepare? We added a super crazy, comfy couch made of fake fur and people love it. That’s one of the important things about an Airbnb. There needs to be a really good hangout spot, so the couch needs to be super comfortable, and if the couch isn’t comfortable, no one wants to stay there.

Were you surprised with how things played out? Our property was so far away from SoFi Stadium (nearly 30 miles) so I thought it was going to be a non-event for us. It was supposed to be like that, but it definitely affected us because I started getting a lot of European and Spanish-speaking tenants.

What’s one thing you’re thinking about doing with the money you made? We’re definitely putting the extra money back into the property because we’re not there yet. There’s so much we want to do. During the World Cup, I was able to upgrade the AC unit, added a smart thermostat and invested in landscaping, which we want to do more of. We want to invest in the curb appeal and add more outdoor furniture. Maybe a movie room. We also want to get an auto pen so we can write handwritten cards for guests because it’s kind of hard to write perfect handwriting in different languages and in cursive. [Laughs] You can pick a font and it holds a ballpoint pen. To have that would be really cool.

Any advice for hosts preparing for the Olympics? You have to curate the experience and get more involved. If you can’t get involved, you need a co-host. Find a cousin, a sister, a brother, a friend, someone you trust with good taste to help you. Also, don’t just put up random paintings. Make it so that people want to move there. A lot of my guests are like “I wish I could live here.” You need a hotel scent and to provide laundry supplies. Ask your guests about their allergies and snack preferences then put together a snack basket. They freak out when they see that. Have a comfy couch, add plants like the fiddle-leaf fig (it looks bougie and you only have to water it once a week) and get a good cleaner. With that, you’re going to do really well.

Modern suite with luxurious amenities in Westchester, 1 bedroom, 2 guests

Sara Geissler at one of her Airbnb units.

Sara Geissler at one of her Airbnb units.

(Jason Armond / Los Angeles Times)

Rental host: Sara Geissler

How long have you been a host? I started my [rental management] business about 10 years ago, but have been a full-time host for roughly eight years.

Pre-World Cup rate: About $195 a night.

Price during the World Cup: $234, which is about a 15% increase so a little bump. It wasn’t anything crazy.

Were you surprised with how things played out? I probably was expecting a little bit more because it was such a huge event. What I was a little surprised by though was how long the stays were. I was thinking that people were going to come in for a few days, but most of my stays were for a week or longer. We were pretty booked. I think we only had a couple days in between bookings.

What updates did you make, if any, to prepare? We bought the home a year ago and we’ve been getting it ready for the last four months. I added a private hot tub and an Eight Sleep Pod, which is a really fancy mattress topper that heats and cools your mattress. I tried to go all out with my amenities. We’ve got all the fancy soaps, deluxe robes and we added a washer and dryer. I always think about what I’d want when I’m traveling. I always put Q-tips, cotton balls and makeup wipes. For the kitchen, just having all the little stuff you need there. A wine bottle opener is No. 1.

What’s one thing you’re thinking about doing with the money you made? Paying my property taxes and my mortgage. [Laughs] Honestly, we’re putting it toward our living expenses and being able to afford our house. It’s been a huge help because everything is so high.

Any advice for hosts preparing for the Olympics? Really think about what you would want and put yourself in the shoes of the traveler. I always recommend people to try out your space before they rent it out. That will help you realize things like this faucet doesn’t get hot water or I forgot to put an ice cream scoop in the kitchen. You don’t want your guest to be a guinea pig.

Source link

Widest bridge in the world cost more than £7 billion to build

This beach is a marvel of engineering that is totally free to cross.

The world’s widest bridge is a Guinness World Record holder that cost billions of pounds to build. The Rod El Farag Axis Bridge, also known as the Tahya Misr Bridge is a cable-stayed bridge that spans the Nile River through Cairo, Egypt.

The bridge has a whopping width of 67.3 metres, making it the widest bridge in the world. It has six lanes in each direction and is also a big tourist attraction. Pedestrian visitors to the bridge can cross it using the walkway which offers panoramic views out over the Nile.

This walkway is interspersed with glass panels so that it feels as if you are hovering above the rushing river below.

As it is a public road, you can cross it free of charge and enjoy the spectacular views out over Cairo.

The construction of the bridge was implemented by the Armed Forces Engineering Authority (AFEA) in cooperation with a number of national companies.

It took four years, finishing in 2019.

According to Ihab Alphar, the chairman of the AFEA, the basic cost of the project reached an eye-watering £7.43billion.

The bridge is 540 metres long, with 92 metre high suspension towers and has seven different entry and exit ramps.

In order to build the bridge, 4,000 workers, including engineers, technicians and labourers, worked tirelessly to finish the project.

Chief executive officer and chairman of Arab Contractors Company, Mohsen Salah, said: “The engineering crews responsible for the implementation of the bridge faced many difficulties that were overcome with Egyptian engineering innovations.”

He said one of the major issues faced in building the bridge was moving 226.8 tonnes of metal beams to the assembly area.

During the peak of construction, there were 200 cranes deployed at the site to get the bridge up and running.

Builders also had to construct two custom ferry boats that were strong enough to move 544.3 tonnes of equipment to assembly zones

Source link

Seoul warns North Korean landmines may have washed across border

Seoul’s military warned Thursday that North Korean landmines in the DMZ may have washed across the border after heavy rainfall. In this photo, water from the Imjin River is released from Gunnam Dam on Tuesday. Photo by Yonhap

SEOUL, July 23 (UPI) — South Korea’s Joint Chiefs of Staff on Thursday warned that landmines laid by North Korea in the Demilitarized Zone may have been washed into the South after recent heavy rainfall.

“There is a very high possibility that these washed-away landmines could flow into our territory via the rivers shared between the two Koreas, and an explosion of these landmines could cause significant damage,” JCS spokesman Capt. Jang Do-young said during a regular press briefing.

Jang urged the public to be cautious when near inter-Korean rivers and to report any suspected landmine to police or a nearby military unit.

The alert comes days after South Korean authorities issued a flood warning for the Imjin River following heavy downpours and North Korea’s release of water from a dam without advance notice.

Seoul’s Ministry of Climate, Energy and Environment said Monday that satellite imagery confirmed water had been released from North Korea’s Hwanggang Dam on the upper reaches of the Imjin River.

A Unification Ministry official on Tuesday said joint responses to natural disasters should be treated as humanitarian matters.

“Responsible cooperation between the two sides is necessary,” the official told reporters.

An unannounced discharge from Hwanggang Dam in September 2009 caused flooding that killed six South Koreans. The following month, North Korea agreed to provide advance notice before future releases. Pyongyang sent notifications on a handful of occasions in 2010 and 2013 but has not done so since.

North Korea released water from the dam several times during last year’s monsoon season, prompting the Unification Ministry to publicly urge Pyongyang to provide advance notice. A ministry spokeswoman said the appeal served as a form of “indirect communication” because Pyongyang had cut off inter-Korean communication channels in April 2023.

Thursday’s warning also comes as Pyongyang continues an extended campaign to fortify the border and harden its military posture toward South Korea, including laying large numbers of landmines inside the DMZ.

North Korean leader Kim Jong Un declared the South a “hostile state” and scrapped an inter-Korean military agreement in late 2023.

Beginning in April 2024, Pyongyang ramped up activity along the DMZ by clearing land, laying mines, reinforcing tactical roads and installing anti-tank barriers near the Military Demarcation Line.

South Korean military officials have said North Korea increased the number of troops assigned to the work from roughly 1,000 last year to about 5,000 this year.

Seoul’s Defense Ministry last month described the activity as a violation of the armistice agreement that halted fighting in the 1950-53 Korean War, an assessment later contradicted by the U.S.-led United Nations Command.

Source link

Why TV viewers had a love affair with the World Cup

Coverage of the 2026 FIFA World Cup on Fox and Telemundo became the ratings smash of the summer.

Fox TV executives knew their telecast of Sunday’s 2026 FIFA World Cup Final would be big.

But bigger than every NFL game outside of the Super Bowl, the perennial ratings blockbuster, was not on their radar.

“I have to admit that I didn’t see it coming, that we and Telemundo would combine for almost 65 million viewers for the final,” Mike Mulvihill, executive vice president and head of strategy and analytics for Fox Sports. “That’s beyond what we could have hoped for.”

Spain’s World Cup victory over Argentina by a 1-0 score attracted the largest audience for any sports telecast outside of the Super Bowl since the 1994 Winter Olympics when Nancy Kerrigan and Tonya Harding competed in the women’s figure skating short program.

The 38.9 million viewers who tuned in on Fox was enough to make the final the most-watched soccer telecast in history. Telemundo’s coverage set the record for a Spanish language soccer telecast with 23.9 million viewers.

It capped a month of massive viewing for the quadrennial tournament. In the United States,128.4 million people watched some portion of the World Cup across Fox’s broadcast network, its cable outlet FS1 and streaming platform Tubi. The 104 matches averaged a record high 7.7 million viewers, a 116% increase over the 2022 World Cup in Qatar.

Spanish language coverage on NBCUniversal’s Telemundo and the Peacock streaming platform combined to average 6.3 million viewers across the 104 matches, up 143% over the 2022 tournament.

Ad revenues for the tournament topped $1.2 billion, according to data from Guideline, which tracks media spending.

Having the tournament in the U.S. with games airing in daytime and prime time helped. Mulvihill noted the tournament came up at a fortunate time on the sports viewing calendar. The NBA Finals were over and Major League Baseball’s post-season and the NFL season are months away.

But even with that soft competition for sports fans’ attention, the World Cup demonstrated an ability to bring in viewers who don’t follow the sport. Fox data showed 53% of viewers who tuned into its coverage had not watched any soccer in the past year. The network’s research found that a majority of U.S. sports fans could name only two stars, Cristiano Ronaldo and Lionel Messi, and their home countries.

What brought the audience in? Mulvihill credits social media, which tends to be an angry place during big sporting events. The lead up to the World Cup was no different, but the doom and gloom went away once the action began.

“There was a lot of negativity around this tournament on social as there always is about everything related to the cost of tickets and related to challenges that foreign visitors might face coming to the U.S.,” Mulvihill noted. “As soon as the ball was kicked, and the matches were in progress, that just completely pivoted to overwhelming positivity.”

Patrick Rishe, director of the sports business program at Washington University in St. Louis, said the global reach of social media made the international stars accessible to U.S. fans and created a “fear of missing out” effect that likely drove them to watch.

“There is a communal aspect of soccer, in particular, where you can be in a room with people wearing 10 different colored jerseys, and they all just kind of get into the camaraderie of it, and the highs and lows of it, and the drama of it,” Rishe said. “So even if you don’t have rooting interests, it’s just fun to be a part of it.”

The appeal of communal viewing showed up in the Nielsen data. Out-of-home viewing accounted for 27% of the audience. For Sunday’s final, the figure was 35%

People were having viewing parties or gatherings at home as well. An average of 1.955 viewers per home watched the World Cup. The figure for last year’s regular season NFL games was 1.685 viewers.

The question going forward is whether the World Cup will spur more interest in soccer in the U.S. Major League Soccer has reportedly seen significant increases in ticket sales. The league, which has most of its matches on Apple TV, launched an ad campaign with the tagline, “Thanks World, We’ll Take It From Here.”

Versant acquired the rights to carry 300 Bundesliga matches. The company’s USA Network will carry at least 30 matches from the German domestic league, with the rest streaming on the company’s free Fandango platform. The league was previously available on ESPN’s streaming service, which required a subscription.

Telemundo acquired the Spanish-language TV rights to the Union of European Football Assns. men’s club competitions, including the Champions League.

Fox paid $485 million for the rights to the 2026 World Cup, while Telemundo shelled out $600 million for the Spanish-language telecasts.

But the real prize is the rights for the 2030 World Cup, which both TV networks and streamers are expected to vigorously pursue, even though the time zones will not be as hospitable to the U.S. (The host countries are Morocco, Portugal, and Spain.)

During a recent appearance at the CNBC Sport x Boardroom Game Plan Summit in New York, ESPN Chairman Jimmy Pitaro made it clear where he stands.

“Of course we’re interested,” Pitaro said. “This has been a juggernaut. We’re not at all surprised by it.”

Source link

South Korea ruling party race turns bitter over church claims

Democratic Party leadership candidates Kim Min-seok, left, and Jung Chung-rae attend a youth and labor policy forum at the National Assembly in Seoul on Wednesday. Photo by Asia Today

July 22 (Asia Today) — South Korea’s ruling Democratic Party leadership race has descended into an increasingly bitter dispute over allegations that members of a controversial religious group may be attempting to influence the party’s Aug. 17 national convention.

The dispute began after former Prime Minister Kim Min-seok, a candidate for party leader, raised the possibility that the Shincheonji Church of Jesus was intervening in the election.

Shincheonji is a South Korean religious movement whose alleged political activities have become the subject of a national investigation. The church has denied allegations that it directed members to join political parties or interfere in elections.

Kim’s claims have revived questions about why proposed legislation authorizing a special counsel investigation into Shincheonji was abandoned while rival candidate Jung Chung-rae was serving as Democratic Party leader.

The controversy has escalated beyond the original allegations. Jung has denied wrongdoing and threatened legal action, while his allies have demanded that Kim produce evidence, apologize or withdraw from the race.

Party members have warned that the dispute could deepen factional divisions and make it difficult to reunify the party after the convention.

The conflict is increasingly being viewed as a proxy battle between supporters of President Lee Jae Myung and those aligned with Jung.

Kim is generally associated with the party faction loyal to Lee. Jung, a former party leader, has developed his own base among rank-and-file members, and several senior party figures have publicly rallied behind him.

“The essence of this convention is to defeat an alliance of anti-Lee forces, divisive elements and Shincheonji,” Kim said Tuesday. “We must also examine, one by one, why the Shincheonji special counsel investigation did not proceed.”

Kim did not identify Jung by name. His remarks, however, were widely interpreted as criticism of Jung because proposed special counsel investigations into Shincheonji and the Family Federation for World Peace and Unification were abandoned during Jung’s tenure as party leader.

Rep. Lee Geon-tae, an ally of President Lee, reinforced Kim’s allegation in a social media post.

“It appears difficult to dismiss Shincheonji’s alleged intervention in the party convention as mere speculation,” Lee said. “We need to determine why the special counsel legislation was halted.”

Jung denied the allegations and said he would take legal action against the dissemination of false information.

Rep. Moon Jeong-bok, a Supreme Council member aligned with Jung, challenged Kim during a party leadership meeting Wednesday.

“What evidence supports the claim of a secret alliance with Shincheonji, and why is this allegation being used to place the party in danger?” Moon said. “He said he has evidence, so he must disclose it and accept responsibility.”

Reps. Choi Min-hee, Lee Sung-yoon and Han Min-soo, who are running for seats on the party’s Supreme Council and are considered Jung allies, issued a similar demand at a news conference.

They said Kim should apologize and withdraw his candidacy if he could not substantiate the allegation.

“He is portraying the Democratic Party as though it were violating the constitutional separation of religion and politics to gain an advantage in the election,” they said.

Some party officials said Kim’s accusation could backfire because Jung’s supporters may interpret it as an attempt to associate all of them with Shincheonji.

“It could be understood as linking every party member who supports Jung to Shincheonji,” a Democratic Party official said. “That could provoke voters and create even greater barriers between groups of supporters.”

Party members said the larger concern was that the fight could undermine unity long after the leadership election ends.

The repeated allegations, threats of lawsuits and demands for candidates to withdraw have pushed debate over party policies and future priorities into the background, they said.

“A certain level of conflict was expected before the convention, but the candidates are now crossing lines that should not be crossed,” another Democratic Party official said.

“The candidates and party leadership must prevent further division so these wounds do not remain after the primary is over.”

— 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=20260723010008191

Source link

Seoul mayor fined $6,600 in poll-payment case

Seoul Mayor Oh Se-hoon speaks to reporters outside the Central District Court in Seoul, South Korea, 22 July 2026, after the court sentenced Oh to a 10 million-won (USD 6,600) fine for accepting illegal political funds in connection with opinion poll results he obtained ahead of the 2021 mayoral by-election. Photo by YONHAP / EPA

July 22 (Asia Today) — Seoul Mayor Oh Se-hoon was fined 10 million won ($6,600) Wednesday after a court found him guilty of having a political supporter pay for opinion polls he commissioned before the 2021 mayoral by-election.

Oh would lose his position as mayor if the sentence is upheld by the Supreme Court. He rejected the ruling and said he would appeal immediately.

The Seoul Central District Court also ordered Oh to forfeit 21 million won ($13,900).

Former Seoul Vice Mayor for Political Affairs Kang Chul-won, who was indicted with Oh, was fined 3 million won ($2,000). Businessman and political supporter Kim Han-jung was fined 5 million won ($3,300).

Prosecutors accused Oh of receiving the results of 10 private opinion polls from political broker Myung Tae-kyun before the April 7, 2021, Seoul mayoral by-election.

They alleged that Oh instructed Kang, then his chief of staff, to have Kim pay about 33 million won ($21,900) in polling costs.

The court found Oh guilty of arranging payment of 21 million won for five polls, including three that were not intended for publication and two that were released publicly.

The court said Oh complained when poll results were unfavorable and sought to delay their release to minimize their negative effect.

“The commissioning and payment of the polls were also connected to an effort to publish and report candidate-commissioned opinion polls prohibited under the Public Official Election Act,” the court said. “The nature of the offense is serious.”

The court said Oh had previously served as Seoul mayor and should have been familiar with the purpose and requirements of the Political Funds Act.

It also said he led the offense but repeatedly attempted to avoid responsibility during the trial by presenting arguments the court found difficult to accept.

Oh disputed the ruling after leaving the courthouse.

“The court found five opinion polls unlawful today, but I cannot accept that conclusion,” Oh told reporters. “The correct decision would have been to find me not guilty on every count.”

Oh said the conviction was based on Myung’s statements and circumstantial evidence rather than direct evidence.

His legal team said in a statement that it regretted the court’s decision to convict Oh without objective evidence.

“It is difficult to accept a conclusion reached by piecing together some of Myung’s exaggerated statements and various circumstances,” the statement said.

The defense said it would file an immediate appeal.

The case is governed by an expedited trial provision requiring a first-trial ruling within six months of indictment and appellate and Supreme Court rulings within three months of the preceding decision.

A final Supreme Court ruling is expected by January at the latest.

— 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=20260722010008156

Source link

Twice fire-ravaged Glasgow School of Art restoration may cost too much

Firefighters battle a fire blazing at the Mackintosh Building, housing the Glasgow School of Art, in Glasgow, Scotland, Britain, in 2018. The school announced Wednesday that the cost of rebuilding it to the architecht’s specifications would cost too much. File Photo by Stringer/EPA

July 22 (UPI) — The Glasgow School of Art Mackintosh building, damaged twice by fire, would cost too much for the school to fully rebuild on its own, the school’s board of governors said Wednesday.

Rebuilding the school in line with artist and architect Charles Rennie Mackintosh’s original design would cost about $355 million, the school said in a press release Wednesday.

That amount is “equivalent to five times the GSA’s annual turnover [revenue], an amount that is not affordable and which would compromise the financial sustainability of the institution.”

The Art Nouveau building, completed in 1909, was damaged by fire twice. Much of the building was destroyed in 2014 after a student’s art project was ignited by an overhead projector. In June 2018, when the rebuilding was nearly complete, another fire destroyed it. There was no cause found for the second fire, which ignited a dispute between the school and its insurance company that ended in arbitration that wrapped up this spring.

Neil Baxter, architectural historian and former lecturer in architectural history at the school, said the building is “of the greatest world importance,” and said, “The Scottish government should step up, and if it can’t, the British government should step up,” The New York Times reported.

The school released an 80-page analysis Wednesday that highlights the potential for the Mackintosh Building “to become an anchor project in a creative and cultural production innovation district, attracting investment to the city, driving the growth of its creative economy, and supporting new businesses and employment opportunities.”

Ann Priest, chair of the Glasgow School of Art’s board of governors, said early discussions with Scottish and British government officials ahead of the announcement “have been supportive and incredibly positive.”

Priest said the board believes the building should be a “heritage-led economic regeneration project, building on the existing creative and cultural production assets within this part of the city, to strengthen Glasgow’s creative eco-system and its position as one of the UK’s leading creative economies.

“The Mack will always have a special place at the heart of The Glasgow School of Art’s history, and we have further plans within the next phase of work to create museum standard interpretations of the building that will exist alongside its retained architectural elements and help tell the story of this remarkable place and the people who have worked and studied there for years to come,” Priest said.

Gordon Gibb, a former director of professional studies at the school’s architecture department, said that the school needs another organization to “take over” the restoration.

“This is a building that influenced world architecture and changed Victorian traditionalism into modernism,” Gibb told The Times. “We have detailed records of every part of it,” he added, “so it should be brought back.”

Visitors tour the newly remodeled undercroft beneath the Lincoln Memorial in Washington, D.C., on July 10, 2026. Photo by Bonnie Cash/UPI | License Photo

Source link

Chile approves Kast-backed reform to cut corporate taxes

Chilean President Jose Antonio Kast has seen Congress approve most of the economic and tax reforms he promoted Photo by Adriana Thomasa/EPA

SANTIAGO, Chile, July 22 (UPI) — Chile’s Congress approved most of the economic and tax reforms promoted by President José Antonio Kast — one of the flagship initiatives of his government agenda.

The reforms include a gradual reduction in the corporate tax rate from to 23% from 27% to encourage investment and revive economic growth.

The Chamber of Deputies on Tuesday passed the National Reconstruction and Economic and Social Development bill, which also establishes tax incentives for the repatriation of capital, creates compensation mechanisms for companies when courts overturn projects that have already received Environmental Qualification Resolution approval and eliminates the tax on a first home for older adults.

Finance Minister Jorge Quiroz said the initiative seeks to “restore tax competitiveness” and provide greater certainty for investment.

“We have approved measures to restore certainty for investment in Chile, remove permitting barriers that have kept investment projects and economic activity stalled, and provide security for those who decide to invest,” he said.

The approval represents one of Kast’s main legislative victories since taking office in March, and allows him to advance one of the pillars of his economic agenda — reducing the tax burden to stimulate private investment and accelerate growth.

Jorge Berríos, academic director of the Graduate Diploma in Finance at the Faculty of Economics and Business of the University of Chile, told UPI that the reform is intended to restore investor confidence and create conditions for the country to return to growth above 3%.

“A reduction of several percentage points in the corporate tax rate has positive effects on companies and the economy, although those results are generally seen over the long term,” he said.

Berrios said some effects could be felt sooner in the labor market because of the subsidies included in the initiative, as well as through an improved perception of Chile among domestic and foreign investors.

“The Chilean market is returning to a structure similar to that of the 1990s, with market-oriented reforms that allowed the country to achieve strong growth and stand out in Latin America,” he said.

Berríos said the Chilean economy experienced several years of uncertainty marked by increased regulation and higher taxes — factors that he believes damaged the country’s standing among investors.

The Confederation of Production and Commerce, the country’s leading business organization, welcomed approval of the bill. Its president, Susana Jiménez, said the initiative represents “an important step toward restoring the economy’s dynamism and returning to growth.”

The only provision still awaiting approval is the compensation mechanism for municipalities, which will lose part of the revenue generated by the tax on residential properties.

Source link

Guyana to launch independent inquiry after ferry disaster kills 53

Guyana Prime Minister Mark Anthony Phillips said an independent inquiry will be established “as early as possible” to determine what happened before the MV Barima departed and whether operating procedures were followed. File Photo by Nathalia Aguilar/EPA

July 22 (UPI) — Guyana will establish an independent commission of inquiry into the country’s deadliest maritime disaster after the sinking of the MV Barima left at least 53 people dead.

Meanwhile, authorities continued rescue and recovery operations while investigating discrepancies in the ferry’s passenger manifest and possible safety violations.

The MV Barima, an 87-year-old ferry operating between Georgetown and the remote community of Port Kaituma, capsized Saturday night after issuing a distress signal, Authorities described it as the worst maritime disaster in Guyana’s history.

Prime Minister Mark Phillips said Wednesday the independent inquiry will be established “as early as possible” to determine what happened before the vessel departed and whether operating procedures were followed.

Investigators will also examine how discrepancies in the passenger manifest occurred, how cargo was handled, whether the emergency response was adequate and whether violations of maritime regulations occurred, according to Guyana’s Department of Public Information.

“I can assure you, yes, we will have a commission of inquiry and people will be held responsible based on the outcome, the results and the recommendations of that commission of inquiry,” Phillips said.

Authorities now believe about 179 people were aboard the ferry when it capsized, despite the official manifest listing 116 passengers and 17 crew members, Phillips said.

He cautioned against drawing conclusions about possible overloading or operational failures before investigators complete their work, but did acknowledge discrepancies between the official records and the estimated number of passengers.

Phillips said the commission also will recommend reforms to strengthen maritime safety, improve ferry operations and help prevent similar disasters.

The announcement comes as search and recovery operations entered a new phase. President Mohamed Irfaan Ali said Wednesday that authorities planned to begin raising the wreck using specialized flotation equipment to improve access for rescue and recovery teams, according to the Department of Public Information.

Ali said additional divers and technical personnel were joining the operation, which includes the Guyana Defence Force Coast Guard, police, civilian volunteers and private-sector partners. He ssaid seabed mapping technology provided with support from ExxonMobil had located the ferry resting on its starboard side, allowing engineers to plan a recovery effort.

“We have not ruled out rescue just yet,” Ali told relatives of those still missing during a late-night briefing, according to the Department of Public Information.

Authorities said 76 people have been rescued since the accident, while dozens remain unaccounted for.

Separate criminal and administrative investigations also remain underway.

Earlier this week, officials confirmed that the ferry’s captain and mate tested positive for marijuana after the accident. Maritime personnel responsible for the vessel’s operations were placed on administrative leave pending the outcome of the investigation, according to the Department of Public Information.

Source link

The holistic imperative in northeast Asia

Russian President Vladimir Putin (R) bids farewell to North Korean leader Kim Jong Un following their meeting at the Diaoyutai State Guesthouse on the occasion of the 80th anniversary of victory in the Chinese People’s War of Resistance against Japanese Aggression and the end of World War Two, in Beijing in September2025. File Photo by Sergey Bobylev/Sputnik/Kremlin Pool

July 22 (UPI) — The author prefers to use the lowercase “n” to challenge the Kim family regime’s legitimacy.

Northeast Asia has reached a strategic inflection point.

China, Russia, Iran and north Korea can no longer be treated as separate security problems managed through isolated policies, disconnected commands or narrow bilateral initiatives.

They increasingly operate as a loose, but consequential, CRInK axis. It is not a formal alliance. It is flexible, transactional, and opportunistic. That makes it more difficult to deter because its members can cooperate without a unified command or mutual-defense treaty.

Each regime pursues distinct interests. China seeks regional dominance and weaker U.S. alliances. Russia seeks resources for its war against Ukraine and leverage against the West. Iran seeks strategic depth, sanctions relief, and stronger military partnerships. The Kim family regime seeks survival, military modernization and acceptance as a nuclear-armed state.

Their interests differ, but they converge when cooperation weakens the United States, divides democratic allies, circumvents sanctions and protects authoritarian rule.

China provides north Korea economic support and diplomatic cover. Russia provides revenue, operational experience and possible military technology. Iran contributes weapons cooperation, sanctions-evasion expertise and pressure in the Middle East. north Korea provides ammunition, missiles, personnel, cyber capabilities and a persistent threat to the Republic of Korea, Japan and the United States.

A crisis in one theater creates opportunity in another. This is more than collusion. It is coordinated political warfare.

The democratic answer must be equally coordinated. The ROK, United States and Japan need a durable trilateral strategy that connects deterrence with diplomacy, intelligence, economic security, technology protection, law enforcement, information and the human domain.

Evolution of trilateral cooperation

Wednesday’s ministerial meeting in Manila showed that ROK-U.S.-Japan cooperation is expanding beyond coordination on north Korea. The ministers reaffirmed deterrence and denuclearization, but they also addressed maritime security, economic coercion, critical minerals, nuclear energy, emerging technologies, supply-chain resilience, advanced technology protection, transnational crime and disaster relief.

That wider agenda reflects strategic reality. north Korea’s military growth cannot be separated from Russian support or Chinese protection. China’s coercion cannot be separated from maritime security, critical technologies, energy, shipping or supply chains. Iran’s support to Russia and its military relationships with north Korea connect Northeast Asian security to conflicts beyond the region.

The threats are interconnected, so the response must be, as well.

The Manila meeting demonstrated political alignment. The test is whether that alignment produces shared intelligence, integrated planning, coordinated sanctions enforcement, resilient supply chains and combined responses to coercion. Statements matter. Institutions, capabilities and sustained action matter more.

Stop calling It the gray zone

The first requirement of strategy is to describe the threat accurately. The term “gray zone” suggests uncertainty about attribution, legality, responsibility or intent. The Philippines offers a clearer description: ICAD, or illegal, coercive, aggressive and deceptive activities.

The actions of the CRInK regimes are rarely purposeless or truly ambiguous. China combines maritime harassment, economic pressure, cyber operations, military intimidation, information warfare and lawfare.

Russia employs sabotage, proxies, espionage, disinformation, energy leverage and military threats. Iran uses proxies, covert action, missiles, drones and economic networks.

north Korea uses nuclear coercion, cyber theft, criminal finance, missile tests, maritime incursions, subversion and information control. These are integrated instruments of political warfare.

Calling them “gray” can create passivity. Democracies debate thresholds while authoritarian regimes consolidate gains. Shared terminology should identify hostile activity, attribute responsibility and connect each act to the larger campaign. Shared language is the beginning of shared strategy.

West Sea as a test of trilateral resolve

The West Sea, also known as the Yellow Sea, shows how political warfare can change the status quo without conventional war. The unresolved maritime boundary creates opportunities for Pyongyang to manufacture disputes, employ civilian-looking vessels, deploy drones, mobilize maritime forces and portray aggression as routine law enforcement.

Such a campaign would create a dilemma for Seoul. A forceful response could be portrayed as escalation. Restraint could permit a fait accompli. The decisive terrain would not be the water alone. It would be international perception. Who changed the status quo? Who controlled the narrative? Who convinced regional audiences that coercion was legitimate administration?

China has used similar methods across the Asia Pacific through coast guard vessels, maritime militia, legal claims, economic pressure and information operations. Pyongyang could adapt those methods with Chinese political protection and Russian technical assistance.

The ROK would remain the principal actor in a West Sea crisis, but Japan and the United States would contribute intelligence, maritime domain awareness, attribution, cyber defense, diplomatic coordination, sanctions enforcement and strategic communication. A maritime provocation could test whether trilateral cooperation can recognize coordinated coercion and act before it succeeds.

From consultation to integrated campaigning

Deterrence remains necessary. It is not sufficient. The three nations need integrated campaigning across military, diplomatic, economic, financial, intelligence, informational, cyber, technological, legal and law-enforcement domains.

They should begin with a recurring trilateral strategic estimate of the CRInK axis. It should assess China, Russia, Iran and north Korea as an interacting network, identify warning indicators and vulnerabilities, trace sanctions-evasion and technology-transfer networks, and examine how simultaneous crises could divide attention and resources. This estimate should guide policy and campaign planning.

Military cooperation should build on exercises such as Freedom Edge, but interoperability must serve clear political objectives. The three countries should deepen missile warning, maritime awareness, anti-submarine warfare, cyber defense, air and missile defense, logistics, space support and intelligence sharing.

Planning must also cover crises involving coast guards, fishing fleets, commercial shipping, criminal intermediaries, cyber actors, proxies, disguised military personnel and manipulated civilian incidents. The seam between military and civilian activity is where the CRInK regimes will seek advantage.

Economic security Is national security

The Manila ministerial meeting also recognized that economic resilience is part of deterrence. China can exploit dependencies in critical minerals, manufacturing, shipping, energy and advanced electronics. Russia uses energy and commodities for leverage. Iran and north Korea rely on illicit finance, cyber theft, front companies, arms networks, overseas labor and sanctions evasion.

The ROK, United States and Japan possess immense combined economic and technological power, but only if they coordinate. They should align export controls, protect advanced technologies, diversify supply chains, strengthen access to critical minerals, enforce sanctions and develop common responses to economic coercion.

Cooperation on small modular reactors, emerging technologies, and energy security can give vulnerable states alternatives to Chinese or Russian dependence. The objective is not economic isolation. It is reduced strategic vulnerability.

Political warfare and the human domain

The CRInK regimes understand that strategic competition is a contest of will, legitimacy and political endurance. The democracies must compete without abandoning their principles. A coordinated trilateral information strategy should expose military cooperation, sanctions evasion, corruption, maritime coercion, cyber theft, technology transfers and human rights abuses, while explaining how separate incidents form a larger campaign.

For north Korea, information and human rights are strategic. The regime survives by isolating the Korean people in the north and monopolizing information. Truth weakens that monopoly. Human rights pressure exposes the regime’s illegitimacy.

Support for the Korean people affirms that the Kim family regime does not permanently define Korea’s future. The ultimate objective should not be the endless management of division, but the peaceful resolution of the Korea question and a free and unified Korea.

Holistic imperative

The central danger is not only CRInK military strength. It is allied fragmentation. The adversaries integrate military power, economic leverage, proxies, cyber operations, lawfare and information. Democracies still divide those problems among separate ministries, commands and bilateral channels.

The Manila meeting suggests that this may be changing. Trilateral cooperation is becoming a framework for regional security, maritime law, economic resilience, energy, technology and resistance to coercion. That is necessary, but not yet sufficient. Diplomatic continuity matters. Deterrence becomes credible only when political alignment produces operational capability.

The essential question is not whether the ROK, United States and Japan can issue strong statements after the next provocation. It is whether they can anticipate, decide and act together before individual acts of coercion accumulate into a new strategic reality. The CRInK axis already thinks and acts holistically. The democracies must do the same.

David Maxwell, executive director of the Korea Regional Review, is a retired U.S. Army Special Forces colonel who has spent more than 30 years in the Asia-Indo-Pacific region. He specializes in Northeast Asian security affairs and irregular, unconventional and political warfare. He is vice president of the Center for Asia Pacific Strategy and a senior fellow at the Global Peace Foundation, where he works on a free and unified Korea. After he retired, he became associate director of the Security Studies Program at Georgetown University. He is on the board of directors of the Committee for Human Rights in North Korea and the OSS Society and is the editor at large for the Small Wars Journal.

Source link

French parliament passes social media ban for young teens

A screen displays the results of the vote on a bill to ban young teens from social media in the French National Assembly in Paris Wednesday. Photo by Teresa Suarez/EPA

July 21 (UPI) — The French parliament passed a new law to ban children younger than 15 from using social media.

The law was a pet project of President Emmanuel Macron, who is near the end of his term limits. He announced the ban on X immediately after it passed Wednesday.

“I had committed to it, and now it’s been voted on: social media will be banned for those under 15 starting back-to-school. Thanks to the parliamentarians. It’s up to the Constitutional Council to rule, then on to action to make this measure concrete and protect our children online,” Macron said.

The French Senate and National Assembly approved the ban, despite criticism from some on the left, which has said it prevents online anonymity.

The law will be implemented in two stages: Beginning in September, children under 15 can’t open accounts, and age verification will be required for all new accounts; and in January 2027, the age verification rule applies to all existing accounts.

The French privacy regulator would have to approve the age-verification tools used, and everyone in France would have to verify their age on social media. The law doesn’t create penalties against children or parents who don’t comply or for social media providers. Those would likely need to come from the European Union.

In December, Australia was the first country to ban children under 16 from using social media apps, though a June New York Times report showed it is largely failing to keep kids off social media. Britain and Canada are working on implementing similar bans, and Italy, Poland, Portugal, Spain have all written laws. The EU is expected to create a bill this fall.

“France wants to push its own legislation to make the EU act, and the EU act fast,” Jessica Galissaire, a senior policy researcher at Interface, a Berlin-based think tank, told The Times. “I see it more as a political announcement.”

Macron, last year, argued for the ban.

“It is clear that before the age of 15 or 16, social media is not a good thing. This is because at that age, we have not yet sufficiently consolidated things on an affective, emotional and cognitive level,” he said.

He likened it to age restrictions on drinking alcohol.

“Sixty years ago, kids were served wine,” he said. “There may still be people who serve beer to infants, but in my opinion, they are not in a majority in the country today.”

Astronaut Buzz Aldrin walks on the surface of the Moon during the Apollo 11 mission on July 20, 1969. Photo by NASA/UPI | License Photo

Source link

At least 15 hurt as Ukraine hits Russia’s Wildberries web retailer again

Logistics facilities belonging to Russian online markeplace Wildberries came under attack by Ukrainian drones overnight for a third time in four days, injuring 15 employees, three of them seriously. File photo by Stringer/EPA

July 22 (UPI) — Ukrainian drones hit logistics plants of Russian online retailer Wildberries for the third night in four days, injuring 15 workers at two facilities in the southwest of the country, the company’s CEO and regional heads said Wednesday.

Wildberries founder Tatyana Kim said in an online post that warehousing in Krasnodar and the city of Nevinnomyssk in the Stavropol region further to the east came under attack, causing injuries and forcing an emergency evacuation of employees.

“Our people are our priority. I want to thank our team — our heroes — who carried out a swift evacuation. Unfortunately, preliminary reports indicate there are injuries.

“There are no words to describe the emotions stirred by attacks on ordinary people — on our employees, on all of us — who are simply doing their jobs. Yet, these situations highlight the most important thing: we must continue doing what we do for the benefit of the people,” wrote Kim.

Krasnodar Krai regional Gov. Veniamin Kondratyev said 10 people were injured in a strike on a warehousing complex, three of them seriously, as part of what he called “a massive attack” on the region that killed at least one worker in a separate strike on a commercial enterprise in Armavir, 120 miles east of Krasnodar city.

Armavir authorities said an oil depot was also targeted in the attack, setting it on fire.

Two apartment blocks in Krasnodar and two houses in Dinskaya village were damaged by debris from downed drones, according to Kondratyev.

Stavropol Krai Gov. Vladimir Vladimirov said five people were hurt at a logistics facility on the outskirts of Nevinnomyssk, but only required treatment as outpatients.

Footage circulating online of the two Wildberries facilities that the BBC said it had verified shows explosions at the complex in Nevinnomyssk and major blazes raging at both sites.

Saying a tanker and four cargo ships from Russia’s shadow fleet were also hit in the Black and Asov seas, Ukrainian President Volodymyr Zelensky hailed the strikes on warehouse complexes, saying they were part of the Russian military’s supply chain.

Ukraine‘s long-range sanctions successfully struck important targets in Russia’s Krasnodar and Stavropol regions, logistics hubs involved in supplying the Russian army with drone components, navigation equipment, and other gear,” he wrote on X.

“We are, quite justly, bringing the war back home — to Russia,” said Zelensky.

The attacks overnight follow attacks on Wildberries south of Moscow in the early hours of Monday in which drones struck a fulfilment center in Kolyedino and warehouses in Belye Stolby were destroyed and strikes early Saturday that killed at least eight people and injured more than 60 at a Wildberries distribution facility at Kotovsk in Tambov region and a second facility in Elektrostal in the Moscow region.

Astronaut Buzz Aldrin walks on the surface of the Moon during the Apollo 11 mission on July 20, 1969. Photo by NASA/UPI | License Photo

Source link

Jimmy Eat World on 25 years of ‘Bleed American’

On stage at Red Rocks Amphitheatre in Colorado, a far cry from the sweaty basement punk shows of the band’s early days, Jimmy Eat World played breakthrough power pop hit “The Middle” as the sold-out crowd sang along with the final chorus that “everything will be all right, all right.”

“It really is incredible to us to think about everyone who bothered to spend time with this record and made something of it for themselves over 25 years. This is your guys’ record as much as it’s ours, really,” singer-guitarist Jim Adkins said from the stage.

The band, which has generally shied away from nostalgia plays over its 30-plus year career, is performing the platinum-selling “Bleed American” album in its entirety on tour this summer, including a stop at Warped Tour in Long Beach on Saturday, a matching bookend to the band’s original promotion of the album.

  • Share via

“It solidified us as, ‘This is what we do. Let the day job go.’ It turned into full-time rock and roll. And that moment only happens once, so it felt appropriate to honor it at 25,” bassist Rick Burch said backstage before the band’s Brooklyn tour stop in June.

Released on July 24, 2001, “Bleed American” was one of the last great rock records of the monoculture, arriving months before Apple’s iPod launched and made shuffle the default and 15 years before streaming became the dominant way to consume music.

From left to right, Zach Lind, Jim Adkins, Tom Linton and Rick Burch of Jimmy Eat World stand in front of stairs

“When ‘Bleed American’ took off it was right at the transition of the internet,” says Jim Adkins.

(Evelyn Freja / For The Times)

A hit with Hollywood roots

Just over a quarter of a century ago, four guys from Mesa, Ariz., came to L.A. to record their fourth album.

Jimmy Eat World’s Adkins, Burch, drummer Zach Lind and guitarist Tom Linton earned recording money between tours by working construction, driving around car dealership customers and selling art supplies and auto parts.

The band had cut ties with Capitol Records after 1999’s “Clarity” — a sweeping, lush and highly influential work highly regarded by their contemporaries that would inspire third-wave emo superstars including My Chemical Romance, Fall Out Boy and Paramore — that the major label had no idea how to market, even after “Lucky Denver Mint” got pickup on L.A.’s alt rock tastemaker KROQ-FM.

“If that song would have been on ‘Bleed American,’ that would have been a No. 1 song,” said Jim Suptic, of Kansas-based second-wave emo band the Get Up Kids, who have been on the “Bleed American” anniversary run. Suptic said that he was inspired to start the band after seeing Jimmy Eat World live in the mid-’90s.

With the band’s tight budget, producer Mark Trombino, who produced “Clarity” and predecessor “Static Prevails,” worked with the band for free in L.A., banking on the future success of the album. After recording drums at Cherokee Studios, the band relocated to Harddrive Analog & Digital Recording in North Hollywood to make the bulk of “Bleed American.”

“The studio was so small, it didn’t have a lounge,” Lind recalled.

But there was a bus stop outside they used instead, where they would hang out with “an assortment of characters,” Adkins said.

He and Lind commuted to the Valley from Redondo Beach, where they crashed on the floor of Lind’s brother’s place. Linton fondly remembers the great food in the city and hanging out with friends in other bands while Burch spent downtime skateboarding in L.A.

Even without the cash or support from a label, recording “Bleed American” didn’t feel like a do-or-die moment for the band’s future.

“We just kind of figured we might have to go out and just release this ourselves. Let’s just do the best job we can, and be happy with what we put out,” Linton said.

But with the buzz growing around the new music, record labels came calling.

‘The Middle’ meets the moment

By the time the album dropped in July 2001, the guitar-heavy snarling title track of “Bleed American” had already been in regular rotation on alt-rock stations for a month.

After a stint on the Warped Tour, Jimmy Eat World set out on a U.S. headlining tour in the fall, with Hey Mercedes opening.

“I remember that tour in particular, them sort of really finding their confidence in their voice and their shows and their performance and the whole package. And this was before ‘The Middle’ really broke, but I could tell that they were really firing on all cylinders,” said Hey Mercedes singer-guitarist Bob Nanna, whose influential emo group Braid first played with Jimmy Eat World in 1998.

The album landed on the Billboard charts three weeks after its release, and while its peak position was 31, it remained on the chart for 70 weeks. (A couple of months after the Sept. 11, 2001, attacks, the name of the album was changed to “Jimmy Eat World” on pressings before reverting to the original title in 2008.)

“When ‘Bleed American’ took off it was right at the transition of the internet,” Adkins said.

Jimmy Eat World, lead singer Jim Adkins pictured, during their performance for MTV2 at Irving Plaza in New York City

By 2002, “Bleed American” was taking off due to the popularity of the song “The Middle.”

(Scott Gries / Getty Images)

The media landscape hadn’t yet transformed. Rock music magazines like Spin, NME, Alternative Press and Kerrang! were thriving. The band made the rounds on the late-night talk shows as “The Middle” video clip played on MTV’s popular show “Total Request Live.”

“Things hadn’t splintered out into a zillion niche locations just quite yet,” Adkins said.

By March 2002, “The Middle” had hit the Billboard charts, where it climbed to No. 5 by the summer and spent 33 weeks on the Hot 100.

“They were a real band that had a radio hit, and not a radio band reverse engineered,” the Get Up Kids’ Suptic said.

The success was surreal for the band members as they heard the song on the radio, in restaurants and the gym. Today, you can still summon an entire generation with the opening guitar melody.

“I understand why that song has resonated,” Lind said. “I think there’s a few themes in the album that resonate with people in times when things are going tough. You know, ‘The Middle’ is definitely one of those songs that so many people have found encouragement from, whether they’re dealing with a breakup or going through cancer.”

“It seems like one of those songs that people have used to feel better and I think that’s obviously really powerful.”

Zach Lind, Rick Burch, Tom Linton and Jim Adkins of band Jimmy Eat World stand on blue carpeted steps in an art deco building

“It solidified us as, ‘This is what we do. Let the day job go.’ It turned into full-time rock and roll,” says bassist Rick Burch about the success of “Bleed American.”

(Evelyn Freja / For The Times)

Here we are now

But the fans selling out the tour dates around the U.S. know much more than the hits, singing along to the deep cuts after traveling hundreds of miles to get to the show, in some cases.

Fans traveled from states like Michigan and Texas for the tour kickoff at Red Rocks in Colorado.

Robie O’Donnell took the train up to New York from the Washington, D.C., area to take his 12-year-old daughter to her first Jimmy Eat World show. The Brooklyn show was his 25th after he discovered them in the late ‘90s from a recommendation on the Get Up Kids’ website.

Behind him in line hours before doors opened was Jane Kung, who was only 8 when “Bleed American” was released and got into it when she was in high school. She didn’t want to miss the chance to hear it live.

“The fact that so many people wanted to come see this is something I didn’t expect,” Adkins said about the tour.

The fans get a chance to geek out over the rarely-played deep cuts from the album, like “Your House,” which required a revamp because of the studio work on the song, and the live debut of “(Splash) Turn Twist,” which was on the Japanese import of the album. Even louder than the sing-along to “The Middle” is the call and response from the crowd on the album’s second-biggest hit, “Sweetness.”

“Having this piece that we’ve created be embraced by so many is a very accomplished feeling,” Burch said.

Nanna even ventured into the crowd after Hey Mercedes opened the Brooklyn show, singing along to “A Praise Chorus,” the band’s crunchy guitar-filled love letter to rock music, among others.

“The world is a tough, s— place now and to have these moments where everybody can sing along to something that’s just pure joy was really soul enriching,” he said.

Source link

Couple raffle home in England to travel the world with their kids

It began as a whimsical idea that occurred to Daniel Leigh after an idyllic trip to the United States: Sell his family’s five-bedroom home in England and travel the world with his wife, Lauren Vaknine, and their two children.

So he was surprised when, a few months later, Vaknine and their children, Braxton, 10, and Viva, 7, agreed to go along with the plan.

“We’re not really travelers,” Leigh said. “We’ve always watched others travel.”

When they got back from their trip to America in March, they noticed that others had successfully raffled their homes on the British website Raffall. The online platform raffles everything from cars to homes, including one man who promoted his house to Americans last year as a “safe haven from Trump.” The couple decided to try it too.

A drone shot of an English village.

The home is located just 20 minutes outside of London in Elstree.

(Lux Visuals Ltd.)

In June, they put their house in Elstree, about 20 minutes from London, up as a sweepstakes prize online and began selling tickets for five British pounds each, or $6.75.

“While someone new makes memories in our home, we get to go and make some of our own,” said Leigh, who has worked in educational recruitment in London for more than 20 years.

Leigh got the idea after reading a New York Times article about Imelda Collins, who raised about $1.4 million last year by raffling her two-bedroom cottage in Ireland. She sold 206,815 tickets at $6.70 each, and in October, Collins sold her cottage to Kathleen Spangler, a 29-year-old U.S. Marine Corps officer from Dayton, Ohio, who had bought three tickets on a whim and promptly forgot about them.

Leigh and Vaknine, both 42, grew up in the same village and went to high school together.

But after their family trip to New Orleans; Asheville, N.C.; and South Carolina spots Charleston, Folly Beach and Lake Keowee, they began to wonder if they wanted to stay in the same town forever. Kayaking and seeing the beauty of the Appalachian Mountains made them rethink their life.

An open kitchen with white counters and green cabinets.

The couple’s open kitchen was renovated in 2021.

(Lux Visuals Ltd.)

A living room with sliding doors, wood floors and white stairs.

The living room.

(Lux Visuals Ltd.)

“Living on a lake was the most peaceful life I’ve ever had,” Leigh said. “It was perfect. In England, the kids spend most of their time indoors because of the weather, and we have to keep them busy with things like trampolines or indoor parks. Every family outing costs about $300. You can’t just go to the lake, the beach or hike in the mountains.”

Leigh said they have worked hard to build the life they thought they wanted, with two kids, their dog and a home. But after achieving professional success, they realized it was not the future they hoped for.

“We keep chasing goals that always seem just out of reach, simply because we feel we have to keep going,” he said. “There’s so much life to live. We’re seeing many of our parents and our friends’ parents pass away, and it makes you realize that life can feel like a conveyor belt. You either live or you just keep moving along.”

For Vaknine, a holistic wellness coach who was diagnosed with juvenile rheumatoid arthritis at age 2, selling their home and traveling the world carries even deeper meaning.

“I have been on a long journey,” said Vaknine, who has been in remission for the past decade. “From being head-to-toe disabled to being fully able-bodied, you don’t come through that without realizing that there is so much more to life than working, taking the kids to school and making dinner in the same house every day. For me, the extraordinary life isn’t about mansions, yachts or extravagance. It’s about experiencing life fully, finding deep inner joy, and I can’t do that if I stay within the same four walls in the same town I grew up in.”

Her husband added, “She lives a life of gratitude for everything. That’s what this is about: Let’s live life in the moment and do what we can when we are fully able.”

Their five-bedroom home, which is estimated at about $2 million, is on a quiet cul-de-sac with just five other houses in Hertfordshire, England. It has 2,226 square feet of living space, a south-facing garden, an open-plan kitchen, a dining and living room renovated in 2021, plus a home office and gym.

Leigh said they are not trying to make a profit, but they need to sell 550,000 tickets to cover the property’s costs, legal fees, taxes, prize money and raffle expenses.

“The ticket target has been set to cover all of the associated costs, so it’s unlikely there will be much left over,” he said. “If ticket sales exceed the target, then certainly, but that’s not the goal.”

If they don’t reach the ticket target, a winner will still be chosen and will get 50% of the money raised. They hope the winner gets the house.

A bathroom with colorful floral wallpaper.

One of the home’s bathrooms.

(Lux Visuals Ltd.)

A bedroom-turned gym painted blue with gym equipment.

One of the five bedrooms in the couple’s home.

(Lux Visuals Ltd.)

One reason homes aren’t auctioned often on the site, he said, is that you have to promote them yourself. Leigh estimates they’ve spent about $17,000 so far and are about to spend another $15,000 on Meta advertising. They also have to pay for their own legal advice.

The raffle has become a family project, and their children have helped with promotion. In one video, Braxton asks what might be the most important question about their move: “Are we bringing the dog?”

“We may have to leave him with family for a while,” Leigh said of their dog Story. “He’s the size of a small pony, so traveling with him could be a challenge. He’d definitely be missed, though.”

Working together to promote their home has been a valuable lesson for their children, Leigh said, showing them “that if you put your mind to something, you can do it. I want them to see hard work. It’s not just fun to do videos. It’s staying up till midnight, getting up early, running two jobs and making sure you don’t miss an interview. And in the end, the kids will see that life can change, and there’s a world out there if you make it happen.”

A family of four stands outside near a stream.

The family recently spent time in North Carolina, South Carolina and Louisiana. “We’re huge fans of America,” Leigh said. The couple hope to visit all 50 states after their home is raffled on Dec. 7.

(Daniel Leigh)

The kids aren’t worried about losing their home, Leigh said. “They are excited about going on a holiday, which we hope will include Australia, India and every state in America.”

With a record number of Americans applying for British citizenship, the couple’s raffle may be well-timed. The winner, chosen randomly by Raffall on Dec. 7, will get a mortgage-free home with all legal fees and taxes paid, plus $45,000 for household bills. The property transfer may take up to 60 days or longer according to Raffall’s terms and conditions.

Part of every ticket sale will go to Solace Women’s Aid, a British charity supporting women and children affected by domestic violence. Leigh notes that not every state can take part in Raffall competitions because of different state gambling, lottery and consumer protection laws.

At a time when many people are trying to choose between traveling or saving for a house, the couple is offering raffle entrants a chance to do both.

That’s the point, Leigh said: “If not now, when? That question changed everything.”



Source link

S. Korea’s per capita household net assets up 9 pct in 2025: BOK

South Korea’s per capita household net assets rose more than 9 percent from a year earlier in 2025, the central bank said Wednesday. This photo, taken July 19, shows apartment complexes in Seoul. Photo by Yonhap

South Korea’s per capita household net assets rose more than 9 percent from a year earlier in 2025 on higher housing and securities prices, the central bank data showed Wednesday.

The average value of net assets held by households per capita stood at 274.7 million won (US$185,600) last year, up 9.1 percent from the previous year, according to the national balance sheet from the Bank of Korea (BOK).

The figure was calculated by dividing the total assets of households and nonprofit organizations — 14,200 trillion won — by the country’s population of 51.6 million, according to the BOK.

It marked a sharp acceleration from the 3 percent growth tallied in 2024.

“Last year, South Korea’s main bourse and overseas stock markets were bullish, contributing to the gains,” a BOK official said. “Housing prices also rose, leading to an asset increase.”

The BOK said the latest figure translates into $193,000 when applying the average exchange rate for 2025.

At the end of 2024, the figure for the United States stood at $514,000, followed by Australia, Canada and Germany at $422,000, $297,000 and $267,000, respectively. Japan’s figure came to $172,000.

The average household net assets came to 634.3 million won, up 7.9 percent over the cited period.

South Korea’s total national net worth, meanwhile, reached 24,561 trillion won at the end of 2025, up 2.2 percent from a year earlier. The growth slowed from a 5 percent rise posted in 2024.

Non-financial assets, such as land and housing, came to 23,291 trillion won, up 3.8 percent from a year earlier, on the back of higher property prices.

The combined value of property assets in the country came to 17,836 trillion won, up 4.1 percent from the previous year.

Net financial assets, on the other hand, fell 20.4 percent to 1,271 trillion won.

The BOK said that while financial assets rose 11.4 percent to 2,794 trillion won, debt increased at a faster pace, rising 13.6 percent to 3,120 trillion won.

By sector, households and nonprofit organizations held the largest amount of net assets, worth 14,200 trillion won, followed by the government with 6,194 trillion won, non-financial corporations with 3,657 trillion won and financial corporations with 510 trillion won.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

Source link

Zelensky dismisses Ukrainian military leader Oleksandr Syrskyi after protests

1 of 2 | Demonstrators hold signs Saturday in support of Mykhailo Fedorov, Ukraine’s former defense minister, during a protest in central Kyiv, Ukraine. On Tuesday, President Volodymyr
Zelensky dismissed military commander Oleksandr Syrskyi and said he’s offered Fedorov a new position. Photo by Sergey Dolzhenko/EPA

July 21 (UPI) — Ukrainian President Volodymyr Zelensky dismissed the commander of Ukraine‘s armed forces, Oleksandr Syrskyi, on Tuesday following days of protests.

The protests, which involved thousands of people in Kyiv and other cities, were in response to the dismissal of Mykhailo Fedorov, a popular defense minister, last week.

Fedorov, who has a reputation for innovation and whose policies — including an effective drone program — are seen as reasons for Ukraine’s recent success against Russia, was not popular with senior defense leaders, CNN reported.

Zelensky dismissed Fedorov, leading to protestors demanding Syrskyi’s removal and for the defense minister to be reinstated by Friday. In his address announcing the commander’s dismissal Tuesday, the president said he is appointing Mykhailo Drapati, a well-liked general, to Syrskyi’s role to oversee a reorganization of the army’s command structure.

Drapati is considered an ally of Fedorov, whose attempts to modernize and reform Ukraine’s military led to the clashes with old-school military leaders, such as Syrskyi, The Guardian reported.

Zelensky also said Tuesday that he has offered Fedorov a “prominent position” in the government, as the defense minister role has been filled by Yevhen Khmara. There was no word on if Fedorov accepted.

Zelensky thanked Syrskyi for his service and praised his role in Ukraine’s military operations against Russia.

“Oleksandr Syrskyi ensured Ukraine’s results in the defense of Kyiv, the Kharkiv counteroffensive and the Kursk operation,” he said, The Kyiv Independent reported. “A significant path has been traveled. The defense of Ukraine continues, and every warrior deserves dignified treatment. I am grateful to Oleksandr Syrskyi and to every one of our soldiers for Ukraine’s strong frontline positions.”

Fedorov said Tuesday that he welcomed Drapati’s appointment.

“This brings a breath of fresh air and new hope to the struggle of free people for freedom and justice,” he said. “It is a voice for change that could not be ignored.”

Fedorov continued to say, “The high expectations of the Ukrainian people must be met with a clear vision for ending the war for independence, a strong team and decisive actions aimed at saving the lives ofour soldiers, automating the front line, delivering asymmetric strikes and crippling the Russian economy.”

Source link

Lionel Messi thanks fans, shares pain after World Cup loss

Lionel Messi arrived back in Argentina on Tuesday for a few days of rest following the World Cup final loss to Spain.

Messi’s private jet landed near his hometown of Rosario from Fort Lauderdale, Fla., at 6:27 a.m. Although many fans were waiting with signs and flags, he did not make a public appearance.

“The pain is immense, and this wound will take time to heal,” he posted on his Instagram account. “I cherish all the good moments, memories that will last forever — and the support of an entire nation which, combined with this group’s hard work and effort, propelled us once again into the ranks of the world’s best.”

Supporters only caught a brief glimpse of the SUV that met Messi on the tarmac to transport him and his family to the private neighborhood of Funes, roughly 185 miles north of Buenos Aires.

The Argentina captain reportedly traveled with his wife, Antonela Roccuzzo, and their three children, all of whom had accompanied him throughout the tournament in North America. Waiting for him in Rosario was his 68-year-old father, Jorge, whose ongoing medical treatment for an undisclosed illness had been revealed by the family during the World Cup.

Fans had gathered at the airport as early as 3:30 a.m. hoping to catch a sight of the star. Among them were two young girls in La Albiceleste jerseys holding welcome signs, one of which read: “Messi: You’re a legend. Thank you for bringing joy to our hearts. A whole country loves you!”

Messi is expected to rejoin Inter Miami in late July or early August for the ongoing MLS season.

Fifteen members of Argentina’s 26-player World Cup roster, led by head coach Lionel Scaloni, landed at Buenos Aires’ Ezeiza Airport on Monday on a chartered flight.

The squad’s arrival followed Sunday’s 1–0 extra-time loss to Spain in the World Cup final in East Rutherford, N.J., decided by a Ferran Torres goal.

“It is hard to fully appreciate our achievement right now, but this group reached two consecutive World Cup finals. Thank you all from the bottom of my heart for every greeting and message,” Messi added. “I also want to congratulate Spain on winning the championship.”

The match marked Messi’s third World Cup final appearance, following 2014 and 2022. He ended the tournament as the runner-up for the Golden Boot with eight goals, two behind France’s Kylian Mbappé.

Mbappé tops the all-time World Cup goal-scoring chart with 22, one more than Messi.

Álvarez writes for the Associated Press.

Source link

World Matchplay: Luke Littler throws nine-darter in thrilling win over Nathan Aspinall at Winter Gardens in Blackpool

World number one Luke Littler threw a thrilling nine-darter as he booked his place in the quarter-finals of the World Matchplay with a 11-8 win over Nathan Aspinall.

Littler began the contest at Winter Gardens in Blackpool in sensational fashion with a perfect leg, finishing on double 15.

The Warrington teenager cupped his ears to lap up the adulation of a delirious crowd while fellow Englishman Aspinall laughed in disbelief before he gave Littler a high five.

Excitement levels were raised further in the fourth leg when Littler had double 15 remaining for a second nine-darter, only for his arrow to land just the wrong side of the wire.

Aspinall turned to the crowd and jokingly offered up his darts to see if anyone else wanted to give the 19-year-old a game.

He refused to allow Littler to pull away, though, and managed to haul himself back on terms at 7-7 only for the defending champion to reel off the next three legs.

Aspinall briefly rallied again but when he missed tops in the 19th leg, Littler was able to checkout 52 as he sealed victory with an incredible 113.68 average – the second highest in the tournament’s history – featuring a total of 14 180s.

“The nine-darter just happened. These guys [the crowd] were booing me at the beginning and then they started cheering me on!” Littler told Sky Sports.

“It felt amazing and that was probably the best game Nathan and I have played against each other – it’s never over against Nathan because he never gives up.

“That’s two unbelievable performances from myself here. Hopefully I can pick up the title again, but I just have to focus on who I play next.”

Littler will play the winner of the final second-round match on Tuesday between Josh Rock and Stephen Bunting.

Elsewhere, Michael van Gerwen’s campaign ended as he suffered a 14-12 defeat to fellow Dutchman Dirk van Duijvenbode.

Van Gerwen had battled back from 8-4 down to level the match at 10-all but Van Duijvenbode closed out the contest.

Scotland’s Gary Anderson also progressed to the last eight with an 11-7 win over Welshman Jonny Clayton.

Source link

Inside J-Lo & Shakira’s feud as ‘backup singer’ enjoys World Cup glory while ex-pal licks wounds after string of flops

SHAKIRA’S performance at the Super Bowl 2020 halftime show was plagued by backstage tensions with her Latina co-star Jennifer Lopez.

But today, the South American She Wolf singer is howling with delight as she dominates music charts around the world following a show-stopping performance at the World Cup Final.

Shakira was paid an eye-watering £15million for her incredible World Cup performance Credit: The Mega Agency
The Colombian popstar, who burst onto the scene in the nineties alongside J-Lo, was watched by 1.5billion viewers Credit: Getty

Colombian beauty Shakira, 49, pulled off the ultimate performance, wowing 1.5billion global viewers at Sunday’s mega gig.

The mum-of-two, who is worth £224million, celebrated her success by sharing snaps of herself with Beyonce, Jay Z, David Beckham, BTS, Tom Cruise and Anya Taylor-Joy.

Elsewhere, her rival J-Lo was left washing away her woes after she was pictured in a bathtub on a day out with her sister.

It came after she sang at an intimate gig for Dolce and Gabbana in Sicily last week — a much less extravagant showcase than Shakira’s.

Insiders say J-Lo was licking her wounds after being desperate to land the World Cup gig herself, 12 years on from her stellar performance at the 2014 tournament in Sao Paulo, Brazil.

To add insult to injury, her latest movie, Kiss Of The Spider Woman, was branded a box office flop.

As one music insider said: “J-Lo practically dismissed Shakira as some sort of backup singer at the Super Bowl, but how the tables have turned.

“Naturally J-Lo would have loved her chance to shine on the world stage again.”

Rumblings of a feud between the pair first began in February 2020.

The American football body, the NFL, had booked Shakira and J-Lo to co-headline the prestigious Super Bowl half-time show, a slot that has attracted the likes of Michael Jackson, Prince and Beyonce.

Fans went wild for Shakira as she sang hits including Whenever, Wherever and Hips Don’t Lie, and J-Lo belted out her bangers On The Floor and Love Don’t Cost A Thing.

The critics lapped it up, calling the concert “electric” and the “sexiest half-time show in memory”.

But behind closed doors, Jennifer, 56, was said to be unhappy that she had to share the stage.

In her 2022 Netflix documentary Halftime, a furious J-Lo raged behind the scenes. She blasted the joint ­performance as “the worst idea in the world”, with her manager Benny Medina adding: “It was an insult to say you needed two Latinas to do the job that one artist historically has done.”

Shakira celebrated her World Cup triumph with selfies with stars including David Beckham Credit: Instagram
Beyonce and Jay-Z even wanted a selfie with Shakira Credit: Instagram

J-Lo made it very clear she felt she had deserved the 12-minute slot to herself.

Fans also spotted a difference in how the artists shared promotional photos on Facebook in the weeks before the event.

While Shakira’s snaps featured both Latina artists, J-Lo’s were of herself.

Despite J-Lo’s very public comments, her rival has been more ­discreet, though she has hinted at tensions. Shakira, who released her first album aged 14, confessed: “It wasn’t an easy show to put together.

“There was a lot of work behind it, a lot of stress. But it was one of the highlights of my career.”

Fast forward to now and the tables have turned for the stars, who both burst on to the pop scene in the mid-Nineties.

Shakira’s infectious World Cup anthem with Burna Boy, Dai Dai, has taken the world by storm, triggering a chart frenzy the likes of which J-Lo has not experienced since 2011 when On The Floor — her collaboration with Pitbull — went to No1.

Minutes after her hip-shaking performance of the track at the World Cup Final, it was riding high at the top of Spotify’s chart, handing the star her biggest streaming day ever — and the biggest streaming day in US Spotify history to boot.

Shakira’s former friend J-Lo was left washing away her woes in the bath after performing an intimate gig in Milan, Italy Credit: jlo/ Instagram
J-lo was said to have raged’ over the idea of sharing the Superbowl stage with Shakira despite it being praised by critics Credit: Getty

Shakira has pledged to donate all royalties from Dai Dai to the FIFA Global Citizen Education Fund.

A music insider said: “Shakira’s numbers are astronomical. She is dominating every single music chart on Earth. It’s quite the achievement for any artist, never mind one who turns 50 next year.”

What’s more, the singer’s phenomenally successful Las Mujeres Ya No Lloran (Women No Longer Cry) tour was officially 2025’s highest-grossing global trek and the most lucrative tour of all time by a Hispanic artist.

To top off her reign, Shakira is heading back to Europe this autumn for a 12-arena residency across September and October in Madrid.

It will be at a brand new, specially built venue dubbed the Shakira Stadium.

An insider added: “Having a literal stadium built in your name in Spain is one hell of a mic drop. You can’t buy that kind of triumph.”

It has been a different story for J-Lo, who was forced to cancel her This Is Me . . . Live tour in 2024 amid reports of weak ticket sales.

She said in a statement she was “heartsick and devastated”.

Jennifer performed at the opening ceremony for the 2014 Brazil World Cup in Sao Paulo Credit: AFP
To add insult to injury, her latest movie, Kiss of the Spider Woman, was branded a box office flop Credit: Alamy

What makes this triumph even sweeter for Shakira is it was born from the ashes of heartache. Both stars have endured devastating public splits.

In 2022, Shakira’s 11-year relationship with Spanish football legend Gerard Pique fell apart amid claims he cheated.

Spanish media reported she discovered his infidelity when she returned to their Barcelona mansion and noticed someone had been eating her strawberry jam — a spread that her hubby loathed.

She later dismissed this as “not true”, but split with the former footballer nonetheless.

Instead of moping, Shakira — who has sons Milan, 13, and Sasha, 11, with her ex — marched straight into the recording studio.

She teamed up with Argentine producer Bizarrap to release a ruthless diss track that mercilessly mocked Pique and his new, girlfriend, Clara Chía Marti, who was in her early twenties at the time.

In an obvious dig, she sang: “I’m worth two 22s. You traded a Ferrari for a Twingo. You traded a Rolex for a Casio.”

Shakira also proudly declared in the lyrics: “Women don’t cry any more, they cash in.”

J-Lo and Ben rekindled her early noughties flame but it sadly ended in divorce again Credit: Getty
In 2022, Shakira’s 11-year relationship with Spanish football legend Gerard Piqué, 39, came crashing down Credit: Getty

And cash in she did. The song shattered several Guinness World Records, rocketed her career to new heights and proved that hell hath no fury like a Colombian pop ­goddess scorned.

J-Lo, took a different approach. After three failed marriages — to Ojani Noa, Cris Judd and Marc Anthony — with whom she has 18-year-old twins Max and Emme — J-Lo rekindled her early Noughties romance with ex-fiancé Ben Affleck in 2021.

Bennifer 2.0 tied the knot in 2022, and Jen became so hopelessly obsessed with their “fairytale” that she self- funded a cringe-inducing, £15million ­musical film, This Is Me . . . Now: A Love Story.

The film bombed spectacularly, the accompanying album flopped and, just two years later, their marriage ended in another bitter divorce.

J-Lo’s recent cinematic efforts have not fared any better.

While she was once the undisputed queen of the romcom, with movie hits including The Wedding Planner and Maid In Manhattan, her recent films have failed to set the box office alight. In fact, 2024 sci-fi flick Atlas was widely panned, while last year’s Kiss Of The Spider Woman lost millions, leaving ­Hollywood insiders questioning J-Lo’s bankability.

Even a recent return to romcom in Netflix’s Office Romance scored a measly 49 per cent on movie review website Rotten Tomatoes.

While recent professional endeavours may have struggled, J-Lo is the ultimate comeback queen.

And her £300million business empire, including the booming JLo Beauty line, proves she is a ­formidable force.

So while Shakira is enjoying global adoration, it would perhaps be foolish to write J-Lo out of Hollywood quite yet.

Source link

Argentina pushes reform to ease foreign purchases of rural land

The Argentine president is backing a bill that would eliminate most restrictions that have limited foreign ownership of rural land since 2011 — an effort to attract investment and strengthen legal certainty. File Photo by Hector Rio/EPA

BUENOS AIRES, July 21 (UPI) — President Javier Milei’s government is backing a bill that would eliminate most of Argentina’s restrictions that have limited foreign ownership of rural land since 2011 in an effort to attract investment and strengthen legal certainty.

The plan also has reignited debate over sovereignty and control of a resource considered strategic.

The proposal is part of the Private Property Inviolability Act, and it would substantially amend the framework established a law enacted during the administration of Cristina Fernández de Kirchner that set limits on the amount of rural land that foreign individuals and companies could own.

Presidential spokesman Adrián Ravier said the initiative seeks to strengthen property rights protected under Argentina’s Constitution. Speaking at a news conference, he said the country had endured decades of legal uncertainty that discouraged investment and hindered opportunities for economic growth and job creation.

“What we are seeking is to remove the general restrictions on the acquisition of rural land by foreigners,” Ravier said.

He also argued that Argentina historically grew thanks to immigrants who invested and became landowners, and that maintaining broad restrictions on foreign investors no longer makes sense. He added that the bill instead strengthens oversight of foreign governments and their state-owned companies.

The initiative also removes one of the central principles of the current law, which states that purchasing rural land by foreigners does not constitute an investment because the land is a nonrenewable natural resource that belongs to the country.

Former Agriculture, Livestock and Fisheries Minister Julián Domínguez, who promoted the law during Fernández de Kirchner’s administration, had rejected proposed reform.

He told UPI that when Congress approved the legislation, it established that “the acquisition of rural land shall not be considered an investment because it is a nonrenewable natural resource contributed by the recipient country.”

Domínguez contended the proposal contradicts the objective of protecting a strategic resource.

“It is paradoxical. The grandly titled ‘Private Property Inviolability Act’ ends up being, precisely, a violation of Argentines’ rights over their land,” he said.

The former minister also rejected the government’s argument that the current law discouraged foreign investment.

“Our producers are recognized around the world for their ability to adapt and innovate. So does the government believe a foreigner will do a better job than an Argentine producer? The debate is about something else,” he said.

The issue goes beyond economics. Domínguez said.

“In Congress, what is at stake is our identity as Argentines and our relationship with our territory. Every country is very careful about who can buy its land,” he said.

Attorney Enrique Viale, president of the Argentine Association of Environmental Lawyers, also criticized the bill, saying it should instead be called the “foreignization of land law.”

He told UPI that the proposal repeals the provisions that establish acreage limits, ownership caps and protected areas for foreign purchases of rural land.

“It repeals the provisions establishing acreage limits, ownership percentages and protected areas. It fully liberalizes land purchases, including in border areas and without ownership caps,” he said.

Viale said foreigners already own large portions of Argentine land, adding that without restrictions, the trend could accelerate.

He said reform would benefit large international investors who seek to develop artificial intelligence-related data centers, as well as foreign landowners who already hold extensive properties in Patagonia and Argentina’s Littoral region.

“I see no benefit in this bill. What it does is consolidate permanent control of land by foreign capital and increase the risk of losing sovereignty,” he said.

From the real estate sector, José Rozados, director of consultancy Reporte Inmobiliario, said easing restrictions could encourage large-scale investment.

“Anything that removes restrictions on the inflow of capital, especially for investments that require large amounts of money and long payback periods, is important,” he said.

Rozados said greater openness would facilitate productive projects that require large tracts of land and significant investment to develop economic activities.

“Whatever legislation is enacted regarding the permissibility and protection of those investments could allow foreign investors, or even local investors partnered with foreign capital, to be willing to invest in large areas of land,” he said.

The law, known as the National Protection Regime for the Ownership, Possession and Tenure of Rural Land, mandates that foreign individuals and companies may not own more than 15% of the country’s rural land — a limit that also applies within each province and municipality.

It also provides that citizens of the same nationality may not account for more than 30% of that quota, equivalent to 4.5% of the total rural land within a given territory.

The legislation also limits to 2,471 acres the amount of land that may be acquired by a single foreign owner in the country’s core agricultural zone, or its equivalent in other regions, and prohibits the sale of land located in border security zones or containing significant permanent bodies of water, such as rivers, lakes and glaciers.

The government’s bill amends several of those provisions to relax the current framework while maintaining restrictions on foreign governments and their state-owned companies.

The ruling coalition failed to secure enough support to move the initiative forward, and the bill will return to the Senate for debate in August.

Source link

World Cup 2026: Emi Martinez may ‘step aside’ from representing Argentina

Argentina goalkeeper Emi Martinez says he is considering whether it is “time to step aside” from international football after his side’s 1-0 defeat to Spain in the World Cup final.

The 33-year-old has won 67 caps for his country and played every minute of Argentina’s eight World Cup games, keeping two clean sheets and conceding eight goals.

He was a World Cup winner in 2022, also claiming the golden glove award as the tournament’s outstanding goalkeeper.

“I dreamt we’d win it again, I dreamt of bringing it back to Argentina and making history once more,” Martinez wrote in a post on Instagram., external

“The truth is, the pain is hard to explain. There are many things to reflect on and how to move forward, and if it’s time to step aside.

“I’m so sorry, I truly tried my best to help my country and my team-mates.”

Martinez won the Yashin Trophy, awarded to the world’s best goalkeeper at the Ballon d’Or awards, in 2023 and 2024.

He has played for Aston Villa since 2020 and has a contract until 2029, but has been linked to a move to Italian side Juventus this summer.



Source link

Cape Verde holiday packages trend with 265% search spike after World Cup

Cape Verde has been named the ‘best ultimate football-inspired island’ by Expedia, with searches for Cape Verde holiday packages up 265% following the African country’s World Cup heroics this summer

Searches for Cape Verde holidays have soared by 265% following the African nation’s footballing exploits this summer, according to figures from Expedia.

The island, made up of 10 volcanic islands with a total population of 491,233, captured the public’s hearts thanks to their performances at the World Cup. Their impressive showing proved so popular that searches have risen sharply compared to this time last year – with overall interest in island breaks up 55%.

Cape Verde features on Expedia’s 2026 Island Hot List, which spotlights the world’s most sought-after island destinations. Each location on the list falls into a distinct category, covering the finest romantic, wellness, nature, family and budget-friendly getaways – among others – with Cape Verde crowned the ‘best ultimate football-inspired island’.

Travel expert and spokesperson Melanie Fish said: “The list was finalised until one destination generated so much buzz from football fans that we had to give them an award of their own.”

Elsewhere on the list, St. Lucia takes the top spot as the ultimate romantic escape, while Porto Santo, Madeira, Portugal, is the preferred choice for wellness and relaxation.

Praslin, Seychelles leads the way for nature enthusiasts, and Syros, Greece, takes the crown for cuisine. Palawan, Philippines, is ideal for natural wonders, while Culebra, Puerto Rico, reigns supreme for water-based adventures.

Norway’s Lofoten Islands also secured a place on the list for arctic adventures, while Sanibel Island, Florida, USA, is the destination for family getaways. Phu Quoc, Vietnam tops the list for affordable luxury while Fiji leads the way for ‘multi-generational value’.

Expedia’s Melanie Fish added: “Islands don’t just satisfy the urge to get away; they can also be one of the smartest holiday values.”

Holidaymakers can book flights, hotels, car hire and activities on Expedia – making the planning process far simpler, and helping save money in the process.

Popular islands fill up quickly, particularly during busy holiday seasons – booking ahead helps guarantee the best prices and availability.

EXPEDIA’S 2026 ISLAND HOT LIST (INCLUDING YEAR-ON-YEAR SEARCH INCREASES).

  1. St. Lucia (+125%) – Best for Romantic Escapes (Hotel Recommendation: Sugar Beach, 5 stars)
  2. Porto Santo, Madeira, Portugal (+85%) – Best for Wellness & Relaxation (Hotel Recommendation: Pestana Porto Santo Beach Resort & Spa, 5 stars)
  3. Praslin, Seychelles (+80%) – Best for Nature Lovers (Hotel Recommendation: Coco de Mer Hotel and Black Parrot Suites, 4 stars)
  4. Syros, Greece (+60%) – Best for Cuisine & Charm (Hotel Recommendation: Syrou Melathron, 4 stars)
  5. Lofoten Islands, Norway (+50%) – Best for Arctic Adventure (Hotel Recommendation: Henningsvær Bryggehotell, 4 stars)
  6. Palawan, Philippines (+40%) – Best for Natural Wonders (Hotel Recommendation: Carpe Diem Villas & Resort, 4 stars)
  7. Culebra, Puerto Rico (+35%) – Best for Water Adventures (Hotel Recommendation: Club Seabourne Boutique Hotel, 3 stars)
  8. Sanibel Island, Florida, USA (+25%) – Best for Family Escapes (Hotel Recommendation: Sanibel Inn, 3 stars)
  9. Phu Quoc, Vietnam (+25%) – Best for Affordable Luxury (Hotel Recommendation: Green Bay Phu Quoc Resort & Spa, 5 stars)
  10. Fiji (+15%) – Best for Multi-generational Value (Hotel Recommendation: OUTRIGGER Fiji Beach Resort, 5 stars
  • New for 2026: Cape Verde (+265%) – Best Ultimate Football-inspired Island (Hotel Recommendation: Morabeza Hotel, 4 stars).

Source link