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GMA Network
a day ago
- Politics
- GMA Network
US committed 'across the board' to LA 2028 success, says Coventry
A drone view of Los Angeles Coliseum, as it was announced it will host the opening ceremonies of the 2028 Olympics along with SoFi Stadium in a dual event, closing ceremony. (REUTERS/Mike Blake) LAUSANNE, Switzerland - The United States and all its levels of government are fully committed to making the 2028 Los Angeles Summer Olympics a success, new International Olympic Committee President Kirsty Coventry said on Thursday. Zimbabwe's former Olympic swimming champion Coventry officially took over the presidency from Thomas Bach this week following Monday's ceremony in Lausanne. "There is so much goodwill from all levels of government from the state to the federal," Coventry told a press conference after her first executive board meeting. "There's an incredible willingness to see that the Olympic Games are a huge success. So the reason I mentioned that is because that gives us faith... that our values will also be heard and that we will be able to ensure successful Games for our athletes." There have been concerns among international federations regarding travel and visas for the LA Olympics, with the Olympics bringing together 206 national Olympic Committees. US President Donald Trump issued a directive this month, banning citizens from 12 countries from entering the US as part of an immigration crackdown he said was needed to protect against "foreign terrorists" and other security threats. Athletes, their coaches and families are exempt from the travel ban, according to US Olympic Committee officials. "It's our duty to ensure that we work towards that and as of right now, we see that full commitment coming across the board," said Coventry, the first woman and first African to be IOC president. Los Angeles has been hit by protests against immigration raids in recent weeks, and relations between state and city officials, and the US government, have been tense. Trump deployed the California National Guard troops to Los Angeles this month, against the wishes of Democratic Governor Gavin Newsom, to quell protests triggered by immigration raids on workplaces by Immigration and Customs Enforcement agents. —Reuters
The Star
3 days ago
- Business
- The Star
Bumble to lay off 30% of global workforce
The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration (Reuters) -Dating application Bumble said on Wednesday it will lay off about 240 roles or 30% of its global staff. Shares of the company rose 12% in premarket trading following the announcement. Bumble said it will incur non-recurring charges of about $13 million to $18 million for employee severance, benefits and related charges, primarily in the third and fourth quarters of 2025. The company expects to save about $40 million of annual cost savings, which it plans to reinvest in initiatives such as product and technology development. The company also raised its second-quarter revenue forecast to a range of $244 million to $249 million, up from the prior view of $235 million to $243 million. (Reporting by Kritika Lamba in Bengaluru; Editing by Devika Syamnath and Shreya Biswas)
The Star
4 days ago
- Business
- The Star
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
FILE PHOTO: The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo (Reuters) -Canada's BlackBerry raised its annual revenue forecast on Tuesday, anticipating steady demand for its cybersecurity services amid growing online crimes, sending the company's U.S.-listed shares up 6% after the bell. A rise in cybercrimes and hacks has spurred companies to invest heavily in cybersecurity, benefiting firms such as BlackBerry that provide security services. Cybersecurity remains largely insulated from broader spending volatility and is likely to continue as a top investment priority for customers, analysts have said. BlackBerry now sees fiscal year 2026 revenue in the range of $508 million to $538 million, up from its earlier forecast of $504 million to $534 million. The company also raised annual revenue forecast for its secure communications segment, which provides intelligent security software to enterprises and governments. It expects revenue between $234 million and $244 million for the unit, from its prior forecast of $230 million to $240 million. The Waterloo-based company's revenue for the quarter ended May 31 stood at $121.7 million, below $123.4 million reported last year. Revenue in its QNX business rose 8.1% year-on-year to $57.5 million, while revenue from its secure communications unit fell 7.3% to $59.5 million in the first quarter. (Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)
The Star
6 days ago
- Sport
- The Star
Soccer-Suspensions not a concern for River Plate's Gallardo after Monterrery draw
Soccer Football - FIFA Club World Cup - Group E - River Plate v CF Monterrey - Rose Bowl Stadium, Pasadena, California, U.S. - June 21, 2025 River Plate coach Marcelo Gallardo speaks to his players REUTERS/Mike Blake LOS ANGELES (Reuters) -River Plate coach Marcelo Gallardo is confident he can still field a team capable of defeating Inter Milan in his side's final Group E game at the Club World Cup despite losing several players due to suspension. Gallardo saw Kevin Castano sent off in the latter stages of Saturday's 0-0 draw at the Rose Bowl with Monterrey, while yellow cards for Enzo Perez and Giuliano Galoppo mean the pair will also miss the meeting with the Italians on Wednesday in Seattle. WHY IT'S IMPORTANT River Plate are one of South America's most successful clubs, winning the Copa Libertadores on four occasions as well as the Intercontinental Cup in 1986. Their draw with Monterrey means the Argentinians are level on four points with Inter Milan in Group E. The two teams are due to face off in their final group game on Wednesday. Monterrey are third in the standings, two points behind Inter and River Plate, and a win over already-eliminated Urawa Red Diamonds from Japan could see the Mexican side climb into the qualification berths for the knockout rounds. KEY QUOTES River Plate coach Marcelo Gallardo: "We have some players that we're going to be missing. We, of course, had some yellow cards and there are several players who won't be able to play in the next game, so we will have to see how we organise that. "But I see the glass as half full because, if you look at the scores, every club, every team has had it's problems. It was hard for Inter to win, it was hard for Monterrey too, so for our third game we're going to go with the best we have and we're going to be optimistic. "Today we deserved to win. Our level was better, and for the next game we will do the same." (Reporting by Michael Church, Editing by Sonali Paul)
The Star
19-06-2025
- Business
- The Star
EU court adviser sides with regulators in Google's fight against EU antitrust fine
FILE PHOTO: The logo of Google is shown on a building in San Diego, California, U.S., October 9, 2024. REUTERS/Mike Blake/File Photo BRUSSELS (Reuters) -An adviser to Europe's highest court on Thursday sided with EU antitrust regulators in Alphabet unit Google's fight against a record 4.3-billion-euro ($4.93 billion) fine levied on the U.S. tech giant by EU antitrust regulators seven years ago. "Advocate General Kokott proposes that the Court of Justice dismiss Google's appeal and, therefore, that it confirm the new fine of 4.124 billion euros set by the General Court," the Luxembourg-based Court of Justice of the European Union said. Judges, who usually follow four out of five such non-binding opinions, will rule in the coming months. The case is C-738/22 P Google and Alphabet v Commission. ($1 = 0.8726 euros) (Reporting by Foo Yun Chee)
