money

Explainer: What is the Global March to Gaza all about? | Gaza News

Thousands of activists from across the globe are marching to the Gaza Strip to try to break Israel’s suffocating siege and draw international attention to the genocide it is perpetrating there.

Approximately 1,000 people participating in the Tunisian-led stretch of the Global March to Gaza, known as the Sumud Convoy, arrived in Libya on Tuesday morning, a day after they departed the Tunisian capital, Tunis. They are now resting in Libya after a full day of travel, but do not yet have permission to cross the eastern part of the North African country.

The group, which mostly comprises citizens of the Maghreb, the Northwest African region, is expected to grow as people join from countries it passes through as it makes its way towards the Rafah crossing between Egypt and Gaza.

INTERACTIVE-Global March for Gaza-JUNE10, 2025-1749550757
(Al Jazeera)

How will they do it? When will they get there? What is this all about?

Here’s all you need to know:

Who’s involved?

The Coordination of Joint Action for Palestine is leading the Sumud Convoy, which is tied to the Global March for Palestine.

In total, there are about 1,000 people, travelling on a nine-bus convoy, with the aim of pressurising world leaders to take action on Gaza.

Sumud is supported by the Tunisian General Labour Union, the National Bar Association, the Tunisian League for Human Rights, and the Tunisian Forum for Economic and Social Rights.

It is coordinating with activists and individuals from 50 countries who are flying into the Egyptian capital, Cairo, on June 12, so that they can all march to Rafah together.

Some of those activists are affiliated with an umbrella of grassroots organisations, including the Palestinian Youth Movement, Codepink Women for Peace in the United States and Jewish Voice for Labour in the United Kingdom.

How will they reach the Rafah crossing?

The convoy of cars and buses has reached Libya. After taking a brief rest, the plan is for it to continue towards Cairo.

“Most people around me are feeling courage and anger [about what’s happening in Gaza],” said Ghaya Ben Mbarek, an independent Tunisian journalist who joined the march just before the convoy crossed into Libya.

Ben Mbarek is driven by the belief that, as a journalist, she has to “stand on the right side of history by stopping a genocide and stopping people from dying from hunger”.

Once Sumud links up with fellow activists in Cairo, they will head to El Arish in Egypt’s Sinai Peninsula and then embark on a three-day march to the Rafah crossing to Gaza.

Tunisians wave the Palestinian flag as they gather at a meeting point in Tunis early on June 9, 2025, ahead of the departure of a land convoy named “Steadfastness” to break the siege on Gaza.
Tunisians wave the Palestinian flag as they gather in Tunis early on June 9, 2025, before the departure of the Global March to Gaza to break the siege on the Strip [AFP]

Will the activists face obstacles?

The convoy has yet to receive permission to pass through eastern Libya from authorities in the region. Libya has two rival administrations, and while the convoy has been welcomed in the west, discussions are still ongoing with authorities in the east, an official from the convoy told Al Jazeera on Tuesday.

The activists had previously told The Associated Press news agency they do not expect to be allowed into Gaza, yet they hope their journey will pressure world leaders to force Israel to end its genocidal war.

Another concern lies in Egypt, which classifies the stretch between El Arish and the Rafah border crossing as a military zone and does not allow anyone to enter unless they live there.

The Egyptian government has not issued a statement on whether it will allow the Global March to Gaza to pass through its territory.

“I doubt they would be allowed to march towards Rafah,” a longtime Egyptian activist, whose name is being withheld for their safety, said.

“It’s always national security first,” they told Al Jazeera.

If the convoy makes it to Rafah, it will have to face the Israeli army at the crossing.

Why did the activists choose this approach?

Palestine supporters have tried everything over the years as Gaza suffered.

Since Israel’s genocidal war began 20 months ago, civilians have protested in major capitals and taken legal action against elected officials for abetting Israel’s mass killing campaign in Gaza.

Activists have sailed on several humanitarian aid boats towards Gaza, trying to break a stifling blockade that Israel has imposed since 2007; all were attacked or intercepted by Israel.

In 2010, in international waters, Israeli commandos boarded the Mavi Marmara, one of the six boats in the Freedom Flotilla sailing for Gaza. They killed nine people, and one more person died of their wounds later.

The Freedom Flotilla kept trying as Gaza suffered one Israeli assault after another.

Israel’s current war on Gaza prompted 12 activists from the Freedom Flotilla Coalition to set sail on board the Madleen from Italy on June 1, hoping to pressure world governments to stop Israel’s genocide.

However, the activists were abducted by Israeli forces in international waters on June 9.

Greta Thunberg (centre) with part of the crew of the ship Madleen, shortly before departure from Catania, Italy
From left: Suayb Ordu, Baptiste Andre, Greta Thunberg, Thiago Avila, Marco Rennes, and Yasemine Acar, six of the Madleen activists, before departure from Catania, Italy, on June 1, 2025 [Fabrizio Villa/Getty Images]

Will the Global March to Gaza succeed?

The activists will try, even if they are pretty sure they will not get into Gaza.

They say standing idle will only enable Israel to continue its genocide until the people of Gaza are all dead or ethnically cleansed.

“The message people here want to send to the world is that even if you stop us by sea, or air, then we will come, by the thousands, by land,” said Ben Mbarek.

“We will literally cross deserts … to stop people from dying from hunger,” she told Al Jazeera.

How bad are things in Gaza?

Since Israel began its war on Gaza on October 7, 2023, it has strangled the food and supplies entering the Palestinian enclave, engineering a famine that has likely killed thousands and could kill hundreds of thousands more.

Israel has carpet-bombed Gaza, killing at least 54,927 people and injuring more than 126,000.

Legal scholars previously told Al Jazeera the suffering in Gaza suggests Israel is deliberately inflicting conditions to bring about the physical destruction of the Palestinian people in whole or in part – the precise definition of genocide.

Global outrage has grown as Israel continues to kill civilians in thousands, including children, aid workers, medics and journalists.

Since March, Israel has tightened its chokehold on Gaza, completely stopping aid and then shooting at people lining up for what little aid it allows in, leading to rare statements of condemnation from Western governments.

Source link

Four killed in wave of bomb, gun attacks across southwest Colombia | Armed Groups News

Colombia on edge as attacks come just days after assassination attempt on conservative presidential hopeful.

Southwest Colombia has been rocked by a series of explosions and gun attacks near police stations that have left at least four people dead, according to police, an apparent coordinated attack that authorities have blamed on rebel groups.

The attacks hit Cali – the country’s third-largest city – and the nearby towns of Corinto, El Bordo, and Jamundi, targeting police stations and other municipal buildings with car and motorcycle bombs, rifle fire and a suspected drone, the head of police Carlos Fernando Triana told local radio station La FM on Tuesday.

The bombings came just days after the attempted assassination of presidential hopeful Senator Miguel Uribe Turbay at a campaign rally in the capital Bogota, allegedly by a 15-year-old hitman, an attack that rattled a nation with a dark past of assassinations.

In Corinto, an AFP journalist witnessed the tangled wreckage of a car that had exploded next to a scorched and badly damaged municipal building.

“There are two police officers dead, and a number of members of the public are also dead,” said Triana.

Police later said at least two civilians were among those killed, and 12 others were injured.

It was not immediately clear who was behind the attacks, but military and police spokespeople blamed the strikes on the FARC-EMC, which is known to operate in the area. The group is led by former members of the Revolutionary Armed Forces of Colombia (FARC) who broke away from the group after it signed a peace deal with the government in 2016.

Colombia on edge

Triana suggested the attacks may be linked to the third anniversary of the killing of FARC dissident leader Leider Johani Noscue, better known as “Mayimbu”.

The bombings just three days after Uribe’s attempted assassination have set Colombia further on edge.

Uribe, a member of the opposition conservative Democratic Centre party, underwent successful initial surgery on Sunday. The hospital treating him said on Tuesday that he remained stable but in critical condition.

“We continue to take the necessary actions to mitigate the impact of the injuries,” the Santa Fe Foundation hospital added in a statement.

Thousands have taken to the streets in major cities to light candles, pray and voice their anger at the assassination attempt. Authorities say they are investigating who was behind the attack on Uribe. Leftist President Gustavo Petro, who has vowed to bring peace to the country, said on Sunday that he had ordered additional security for opposition leaders in response to more threats.

Many Colombians are fearful of a return to the bloody violence of the 1980s and 1990s, when cartel attacks and political assassinations were frequent, sowing terror across the nation.

Colombia’s government has struggled to contain violence in urban and rural areas as several rebel groups try to take over territory abandoned by the FARC after its peace deal with the government.

Peace talks between the FARC-EMC faction and the government broke down last year after a series of attacks on Indigenous communities.

Source link

What’s next in US President Donald Trump’s immigration crackdown? | Donald Trump

The deployment of soldiers on the streets of Los Angeles brings crisis to new level. 

National Guard soldiers and even the United States Marines are on the streets of Los Angeles.

They were deployed by President Donald Trump after mass protests against his immigration raids.

California’s governor is suing him – while the protests spread to other cities.

Could this crisis worsen?

Presenter:

Folly Bah Thibault

Guests: 

Peter Eliasberg – chief counsel at the American Civil Liberties Union of Southern California

Claire Finkelstein – professor of law at the University of Pennsylvania

Mark Pfeifle – Republican strategist, founder and president of Off the Record Strategies

Source link

Money not infertility, UN report says: Why birth rates are plummeting | Demographics News

Millions of people around the world are unable to have the number of children they desire, and financial constraints, lack of quality healthcare and gender inequality are some of the barriers to reproductive choices, according to a UN report.

The UN Population Fund (UNFPA) unveiled its State of the World Population report on Tuesday, warning that a rising number of people are being denied the freedom to start families due to elevated living costs, wars and lack of suitable partners and not because they reject parenthood.

Roughly 40 percent of respondents cited economic barriers – such as the costs of raising children, job insecurity and expensive housing – as the main reason for having fewer children than they would like, according to the report based on an online survey conducted by the UN agency and YouGov.

Fertility rates have fallen to below 2.1 births per woman – the threshold needed for population stability without immigration – in more than half of all countries that took part in the survey.

On the flip side, life expectancy continues to grow across almost all regions of the world, according to the survey conducted in 14 countries that are home to one-third of the world’s population.

Right-wing nationalist governments, including in the United States and Hungary, are increasingly blaming falling fertility rates on a rejection of parenthood.

But the 2025 State of the World Population report found most people did indeed want children. The survey findings indicated that the world is not facing a crisis of falling birth rates but a crisis of reproductive agency.

How was the study conducted?

UNFPA surveyed 14,000 people from four countries in Europe, four in Asia, three in Africa and three in the Americas.

The study examined a mix of low-, middle- and high-income countries and those with low and high fertility rates.

They were picked to try to represent “a wide variety of countries with different cultural contexts, fertility rates and policy approaches”, according to the report’s editor, Rebecca Zerzan.

South Korea, which is included in the study, has the lowest fertility rate in the world. The report also looked at Nigeria, which has one of the highest birth rates in the world.

The other countries included, in order of population size, are India, the US, Indonesia, Brazil, Mexico, Germany, Thailand, South Africa, Italy, Morocco, Sweden and Hungary.

The survey is a pilot for research in 50 countries later this year.

When it comes to age groups within countries, the sample sizes in the initial survey are too small to make conclusions.

But some findings are clear.

What were the key findings from the report?

According to UNFPA, 39 percent of people said financial limitations prevented them from having a child.

Job insecurity and fear of the future – from climate change to war – were cited by 21 percent and 19 percent of respondents, respectively, for reasons to avoid reproducing.

Elsewhere, 13 percent of women and 8 percent of men pointed to the unequal division of domestic labour as a factor in having fewer children than desired.

Only 12 percent of people cited infertility or difficulty conceiving for not having the number of children they wanted.

That figure was higher in countries like Thailand (19 percent), the US (16 percent) and South Africa (15 percent).

In many cases, there were significant differences in responses depending on which country people were reporting from.

But for Natalia Kanem, executive director at UNFPA, a universal finding from the report is that “fertility rates are falling in large part because many feel unable to create the families they want.”

In South Korea, three in five respondents reported financial limitations as an obstacle to having children.

It was just 19 percent in Sweden, where both men and women are entitled to 480 days of paid parental leave per child, which may also be transferred to grandparents.

Still, birth rates in Sweden are among the lowest in the world.

Zerzan pointed out that one factor alone does not account for falling fertility rates.

“I fully agree with that,” said Arkadiusz Wisniowski, professor of social statistics and demography at the University of Manchester.

“The decision to have a child is complex. Yes, it’s about money. But it’s also about time and access to the right kind of childcare,” he told Al Jazeera.

What role can immigration play?

When deaths outpace births, that is an indication that fertility rates are falling. “That’s not currently true at the global level,” Wisniowski said. “But it is true for numerous countries around the world, especially wealthier nations.”

“And some governments are having to navigate the reality of falling birth rates against the backlash against immigration. Clearly, immigrants can fill labour market gaps, and there is evidence they contribute to economic growth,” he said.

“But it’s no panacea.”

What can governments do about this?

“We can see both the problem and solution clearly,” the UNFPA report noted. “The answer lies in reproductive agency, a person’s ability to make free and informed choices about sex, contraception and starting a family – if, when and with whom they want.”

UNFPA warns against simplistic and coercive responses to falling birth rates, such as baby bonuses or fertility targets, which are often ineffective and risk violating human rights.

“We also see that when people feel their reproductive choices are being steered, when policies are even just perceived as being too coercive, people react and they are less likely to have children,” Kanem said.

Instead, the UN body urged governments to expand choices by removing barriers to parenthood identified by their populations.

Its recommended actions included making parenthood more affordable through investments in housing, decent work, paid parental leave and access to comprehensive reproductive health services.

“The recommendations [in the report] are all good,” Wisniowski said. “They would all empower people to try and achieve their family-linked aspirations. But these comprehensive policies will come with a cost.”

For years, labour economists have warned that falling fertility poses a threat to future prosperity because it increases fiscal pressures due to ageing populations – when the number of pensioners in relation to workers rises.

“Governments may need to tax working people more or take on more debt to address the reality of fewer young people,” Wisniowski noted. “But fertility isn’t something that you can easily tinker with. We are facing considerable uncertainty.”

Source link

Asian shares make modest gains as investors eye US-China talks

By&nbspEleanor Butler&nbsp&&nbspAP

Published on
10/06/2025 – 7:36 GMT+2

ADVERTISEMENT

Asian shares were marginally higher on Tuesday as investors kept an eye on US-China trade talks that might help stave off a recession.

Tokyo’s Nikkei 225 gained 0.9% to 38,445.68, while the Kospi in South Korea jumped 0.3% to 2,865.12.

Hong Kong’s Hang Seng edged 0.3% higher, to 24,261.26 and the Shanghai Composite index was up 0.1% at 3,403.52. In Taiwan, the Taiex surged 2.1% to 22.253,46.

Australia’s S&P/ASX 200 advanced just less than 0.9% to 8.588,10.

On Monday, the S&P 500 edged up just 0.1% and at 6,005.88 is within 2.3% of its record set in February. The Dow Jones Industrial Average slipped by 1 point, which is well below 0.1%, to 42,761.76.

The Nasdaq composite added 0.3% to 19,591.24.

A second day of talks between the US and China was planned after the two global powers met in London for negotiations.

The hope is that they can eventually reach a deal to reduce painfully high tariffs against each other. Most of the tariff hikes imposed since US President Donald Trump escalated his trade war have been paused to allow trade in everything from tiny tech gadgets to enormous machinery.

Hopes that President Donald Trump will lower his tariffs after reaching trade deals with countries around the world have helped the S&P 500 win back gains after it dropped roughly 20% from its record two months ago. The index is back above where it was when Trump shocked financial markets in April with his wide-ranging tariff announcement on so-called “Liberation Day”.

Some of the market’s biggest moves came from the announcement of big buyout deals. Qualcomm rallied 4.1% after saying it agreed to buy Alphawave Semi in a deal valued at $2.4bn (€2.1bn). IonQ, meanwhile, rose 2.7% after the quantum computing and networking company said it agreed to purchase Oxford Ionics for nearly $1.08bn (€947.1mn).

On the losing side of Wall Street was Warner Bros. Discovery, which flipped from a big early gain to a loss of 3% after saying it would split into two companies. One will get Warner Bros. Television, HBO Max and other studio brands, while the other will hold onto CNN, TNT Sports and other entertainment, sports and news television brands around the world, along with some digital products.

Tesla recovered some of its sharp, recent drop. The electric vehicle company tumbled last week as Elon Musk’s relationship with Trump broke apart, and it rose 4.6% on Monday after flipping between gains and losses earlier in the day.

The frayed relationship could end up damaging Musk’s other companies that get contracts from the US government, such as SpaceX. Rocket Lab, a space company that could pick up business at SpaceX’s expense, rose 2.5%.

In the bond market, the yield on the 10-year Treasury eased to 4.48% from 4.51% late Friday. It fell after a survey by the Federal Reserve Bank of New York found that consumers’ expectations for coming inflation eased slightly in May.

Economists expect a report due on Wednesday to show that inflation across the country accelerated last month to 2.5% from 2.3%.

The Federal Reserve has been keeping its main interest rate steady as it waits to assess the inflationary effects of Trump’s tariffs. A persistent increase in inflation expectations among US households could drive behaviour that creates a vicious cycle that only worsens inflation.

In other dealings early on Tuesday, US benchmark crude oil picked up 31 cents to $65.45 per barrel. Brent crude, the international standard, also gained 31 cents, to $67.35.

The dollar rose to 144.93 Japanese yen from 144.61 yen. The euro slipped to $1.1399 from $1.1421.

Source link

The Innovators 2025: Middle East

Over the past year, banks embraced innovative technologies like APIs, AI tools, and mobile solutions to enhance efficiency, customer service, and risk management. Global Finance announces the 2025 Innovators from Middle East.

table visualization

Regional Winners

Most Innovative Bank in Middle East| ARAB BANK

Acabes, Arab Bank’s in-house development factory, enabled the bank to launch an updated version of its Reflect banking app in 2024. Reflect benefits from a host of new digital features, including multicurrency subaccounts for deposits, savings, and payments. Customers can also use Salary Transfer and instant transfer features with these currencies. Arabi Shopix, another Acabes product, is an e-commerce website creation service.

Acabes empowered Omnify, Arab Bank’s embedded finance and open-banking platform, toward its official launch, leading to Omnify signing and/or going live with third-party providers. Omnify has solidified its position as the region’s leading one-stop shop for embedded finance and open banking, preparing for the next era of banking as a service. Partnerships with key innovators like MoXey and Menaitech have improved the platform and let partners quickly develop custom financial solutions.

Most Innovative Financial Technology Company in Middle East | GEIDEA

The first payment provider in the Middle East and North Africa region to offer instant merchant onboarding, Geidea enables businesses to start accepting payments within minutes, thanks to substantial investments in automation, AI, and digital verification.

Geidea’s instant onboarding solution is particularly significant due to the rapid growth of digital-payment adoption across the region and the increasing number of microenterprises entering the formal economy. By facilitating quick onboarding for businesses of all sizes, Geidea supports scalable growth.

Furthermore, Geidea has set a new benchmark for innovation by becoming the first fintech in the region to develop and launch its own proprietary point-of-sale terminal. This establishes a new standard for flexibility, security, and technological integration in payments. By eliminating reliance on thirdparty hardware manufacturers, Geidea has disrupted traditional payment solutions and introduced a model that empowers businesses with unprecedented control and customization.

Innovations In Finance Globally From Middle East

Cash Management Forecasting in ATMs Project | BANK MUSCAT

Oman’s Bank Muscat became the first Middle East bank to leverage AI and machine learning for predictive analytics in cash management, creating an efficient, non-manual ATM cash forecasting and replenishment process. By analyzing historical data for cash withdrawals and deposits along with external factors like seasonality and local events, the new forecasting system ensures optimal cash levels at ATMs, solving the problem of cash outs, which can be an annoyance for customers, and minimizing idle cash in the ATM, which is not ideal for the bank.

Musaed – Elevating Conversational Banking | BOUBYAN BANK

Boubyan Bank’s chatbot, Musaed—”helper” in Arabic—has undergone a series of recent enhancements. One such, Boubyan Playback, provides customers with a personalized “Year in Review” of their interactions with the bank, encouraging high customer engagement. Additionally, Boubyan has become the first bank in Kuwait to offer AI-powered recruitment assistance through Musaed’s Job Interview Service. During Boubyan’s internal job fair, Musaed streamlined the interviewing and hiring process by facilitating over 1,000 CV submissions and aiding HR in efficiently identifying potential candidates.

AI-powered Reconciliation Platform | BANQUE SAUDI FRANSI

In February, BSF partnered with Deben, a Saudi SaaS platform that automates cash flow management and generates instant reports for financial managers, to launch an innovative AI-powered reconciliation platform. As the first of its kind in both the kingdom and the region, the platform uses AI to deliver intelligent reconciliation, forecasting, anomaly detection, and real-time financial insights. Businesses can customize transaction categorization to meet their specific needs and automation streamlines processes for increased efficiency, cost savings, and an enhanced user experience.

FABeAccess Electronic Direct Debit (eDDS) API Suite| FIRST ABU DHABI BANK (FAB)

FAB’s eDDS API Suite is transforming the way businesses manage their receivables. The solution offers real-time, secure, automated collection processes while ensuring regulatory compliance. eDDS API Suite streamlines collections for billers and enhances convenience for payers through features including mandate registration, cancellation, collection requests, realtime status updates, and pre-collection reports. By eliminating manual processes and reducing administrative costs, businesses gain end-to-end visibility over their receivables. As the first API-driven electronic direct debit solution in the United Arab Emirates, eDDS API provides scalability, seamless integration with ERP systems, and a customer-centric approach.

PULSE Mobile App| MASHREQ

PULSE Mobile, a pioneering corporate banking app in the Middle East, provides relationship managers with a comprehensive, 360-degree view of client information. The innovative tool enables instant access to critical client data, transaction approvals, and call report submissions, directly from mobile devices. Additionally, the app’s news alerts feature ensures that relationship managers stay informed of key industry events, enabling them to proactively manage their portfolios and respond to market changes in real time.

QIC App| QATAR INSURANCE CO.

he QIC App is Qatar’s premier comprehensive mobile platform, delivering an array of services tailored for motorists and vehicle proprietors over a platform set up to streamline their daily routines and enhance road safety. By integrating both insurance and auxiliary non-insurance offerings, the QIC App addresses a critical issue: the disjointed and protracted procedures associated with overseeing diverse automotive requirements. Concurrently, QIC Reads operates as Qatar’s exclusive digital repository dedicated to insurance education, aiming to foster a robust culture of insurance awareness and simplify the understanding of everyday insurance needs in Qatar.

Fawran Corporate| QATAR ISLAMIC BANK

Qatar’s first Sharia-compliant, real-time corporate payment service, Fawran Corporate launched last November. The service allows instant transactions, including payroll, supplier payments, and intercompany transfers, improving liquidity and streamlining operations. Adherence to Sharia principles fosters trust and expands the service’s reach within the Islamic finance sector. Fawran Corporate marks a major milestone in Qatar’s financial development, promoting innovation, efficiency, and inclusivity.

RAK Telemetry (Real Time Dashboard)| RAKBANK

RAK Telemetry, a groundbreaking suite of 32 real-time and near real-time dashboards, offers a centralized platform to track and monitor essential business processes, integrating key data points and metrics to provide a comprehensive overview of onboarding journeys, service requests, transactions, and IT tickets status. By eliminating the need for multiple, disjointed tracking systems and manual data correlation, RAK Telemetry streamlines operations, enhances decision-making, and boosts overall efficiency. Businesses can leverage the tool to gain valuable insights into customer behavior, market trends, and operational performance, enabling them to respond swiftly to changing conditions and optimize their strategies.

Source link

The Innovators 2025: North America

Innovations in AI, APIs, and digital tools helped banks improve operations, customer engagement, and financial inclusion in the last year. Global Finance announces the 2025 Innovators from North America.

table visualization

Regional Winners

Most Innovative Bank in North America | BANK OF AMERICA

Bank of America’s (BofA’s) dedication to improving customer experience is evident in the 12% increase in digital interactions by clients last year, reaching a recordbreaking 26 billion interactions. Corporate clients made over $1 trillion in payment approvals on the bank’s CashPro app in 2024—a 25% increase year on year.

Notable CashPro Data Intelligence innovations include CashPro Search with Investigations—the first comprehensive search-and-investigation tool across transaction types. Another innovation is CashPro Capital Markets Insights, which is the first integrated capital markets experience available in a treasury mobile app, offering access to investment-grade secondary bond pricing alongside treasury information.

The bank also launched Virtual Payables Direct, an innovative solution that combines BofA’s card-issuance, merchant-acquisition, and payment capabilities. For the first time, buyers can benefit from the working capital advantages of a card transaction while paying suppliers who prefer direct bank transfers: Payments begin as card transactions but are delivered to suppliers as bank transfers, ensuring that suppliers get paid quickly while buyers benefit from extended payment terms.

Most Innovative Financial Technology Company in North America | BATTERY FINANCE

In November 2024, Battery Finance executed a pioneering financial transaction by establishing a bitcoin reserve with shared appreciation benefits for both borrower and lender. This innovative approach was integrated into the collateral package for the refinancing of Project Bank Street Court, a seasoned multifamily mixed-use asset located in Center City, Philadelphia.

This groundbreaking transaction effectively enabled borrowers to leverage Bitcoin as collateral for loans. The structure of the deal was unique in its dual-collateralized nature—by combining Bitcoin with traditionally financeable assets, Battery Finance offered borrowers uncorrelated downside protection and enhanced the overall collateral package. This novel approach to collateralization mitigated risks associated with the volatility of Bitcoin while still allowing borrowers to capitalize on its potential for appreciation. 

Innovations In Finance Globally From North America

Lumi Assistant | BMO

BMO uses an employee-assisting Gen AI solution, incorporating Amazon Web Services and Anthropic’s large language model, to read, interpret, and summarize complex documents including policies, procedures, operating manuals, and regulatory documents in a user-friendly format. Launched in March to support 200 employees, Lumi Assistant was expanded in April to support some 8,500 Canadian front-line bank employees. By the end of this year, BMO plans to make the solution available to over 14,600 Canadian personal and business banking employees.

Virtual Account Based Solutions (VABS) | BNY

In January, BNY launched VABS, a cash management solution that promises to provide clients with improved control and access to cash administration activities and reporting capabilities. VABS is one of the first cash management systems to offer instant access to robust, real-time transaction and balance reporting at the individual virtual account level and ACH allocations at the virtual account level. Virtual accounts can be linked to physical accounts within BNY and payments are reflected in real time.

Tokenization of the 1708 Stradivarius Violin, “Empress Caterina” | GALAXY DIGITAL

Galaxy Digital’s groundbreaking tokenization of the 1708 Stradivarius violin “Empress Caterina” last year established a new paradigm for high-value collectibles in the digital financial landscape. By enabling on-chain ownership tracking, the NFT ensures an immutable record while unlocking the potential for decentralized finance backed by real-world assets.

Asset Tokenization Studio| HEDERA

Hedera’s Asset Tokenization Studio, launched last September, is an open-source toolkit that streamlines the tokenization of bonds and equities. By integrating ownership records, compliance features, document management, and notifications directly on-ledger, it eliminates the need for off-chain data management, thereby reducing operational risk. The end-to-end solution improves upon the ERC-1400 standard, enabling full lifecycle management of tokenized assets.

TPRM Accounting Fintech, aka Sustainability Accounting Fintech (SAF)| LELE-HCM

SAF uses AI to enhance financial analysis and risk management via two platforms: Fintech V1 and Fintech V2. V1 generates reports for banks and third parties, helping to calculate risk-weighted assets. V2 allows for continuous monitoring and control, facilitating on-balance-sheet netting. Basel III regulations have shifted focus from the internal ratings-based approach to standardized methods for recognizing credit risk mitigation, a shift supported by SAF’s platforms.

Zenus Embedded Banking| ZENUS BANK

Last November, the Puerto Rico-based digital bank launched a first-of-its-kind, fully embedded banking platform. The API-driven solution enables other financial institutions around the world to set up dedicated US dollar accounts, process international payments, and offer cross-border Visa card issuance.

Source link

The Innovators 2025: Western Europe

Banks accelerated digital transformation by adopting customer-focused platforms, AI-driven services, and advanced data analytics. Global Finances announces the 2025 Innovators from Western Europe.

table visualization

Regional Winners

Most Innovative Bank in Western Europe | SOCIETE GENERALE

Societe Generale’s Global Transaction and Payment Services division has launched several new innovations to reduce their corporate clients’ workload. These include IKAR, a Gen AI chatbot for cash management product-documentation inquiries; and the Digitrade Tool, which uses advanced data analytics, including algorithms and pattern recognition, to personalize the document-checking process. The Digitrade Tool identifies and extracts key information from documents, adapting to the specific requirements of different transactions. By eliminating the need for paper checks and offering digital tools with multiple features, the tool provides users with a more convenient and tailored experience, aligning with their preferences for efficiency and accuracy.

Additionally, the bank’s X-Border API enables other banks to automatically send payment instructions to Societe Generale in 40 different currencies from a single account, benefiting from a guaranteed rate for 20 minutes after obtaining the quotation.

Most Innovative Financial Technology Company in Western Europe | REDCOMPASS LABS

AnalystAccelerator.ai is the world’s first multiagent AI solution engineered specifically to accelerate payments transformation. Developed by RedCompass Labs and launched in November 2024, this innovative tool leverages the extensive knowledge and experience gained from over 300 payment projects undertaken for leading global banks. It also utilizes the most comprehensive library of global payments documentation available.

Using AnalystAccelerator.ai, a business analyst can reduce manual work on a typical payment modernization project by up to 68%. Regulatory and project documentation updates that used to take weeks can be completed in under a day, saving banks millions of dollars and months of work. This leads to improved project outcomes and enhanced compliance with regulatory requirements.

In April this year, RedCompass Labs unveiled AnalystAccelerator.ai v2.5, an enhanced version fine-tuned on the largest collection of payments rulebooks in the world and outperforming leading general AI models. It delivers 13% better performance on complex payment-related tasks than GPT-4o and achieves a perplexity score 10 times lower than open-source AI models.

Innovations In Finance Globally From Western Europe

ADA (Analytics + Data + AI) Platform | BBVA

BBVA ADA, the first global data platform to fully integrate all countries in which the BBVA group has a presence, launched last November in Europe and Uruguay. The platform streamlines the end-to-end analytics process, utilizing 100% of the bank’s data and Amazon Web Services’ advanced managed services to optimize data processing, machine learning, and analytics. The combination improves the strategic capabilities and decision-making expertise of data scientists, analysts, and reporting teams throughout the organization.

New Signature for Operations in CaixaBank Group Applications | CAIXABANK

By consolidating the signing process on a single platform, CaixaBank has effectively eliminated the need for its customers to navigate multiple applications or interfaces to complete their banking tasks. The streamlined approach not only saves time but reduces the potential for error and enhances the overall user experience. The new authorization method incorporates advanced security measures to safeguard customers’ sensitive information and financial assets, ensuring they can conduct their banking activities knowing their transactions are protected by robust security protocols.

Mind Money Weather Model | MIND MONEY (FORMERLY ZERICH)

Mind Money Weather is the first quantitative model to connect operational weather forecasts and commodity prices. Typically, factoring weather data into trading strategies involves detecting significant patterns and combining these with meteorologists’ informal impact assessments, considering the economic context (demand, supply, stocks) but without a clear mathematical model. Instead of focusing on forecasting, Mind Money Weather centers on the formal, quantitative assessment of how weather affects commodity pricing.

Source link

Palestine’s World Cup dream still on as Israel ruins Gaza’s sports sector | Football News

Khan Younis, Gaza – In the ruins of his home in Khan Younis, 75-year-old Shaker Safi gently thumbs through fading photographs of his son Mohammed’s sporting career.

Medals, trophies, team huddles, and group photos of young athletes coached by Mohammed now serve as a haunting memorial to a dream destroyed by war.

On November 15, 2023, Mohammed Safi – a football coach and physical education teacher – was killed in an Israeli air strike.

He had spent years building a legacy of hope through sport, training at schools and community clubs, and transforming underdog teams into local champions.

A graduate in physical education from Al-Aqsa University, Mohammed was the head coach of Al-Amal Football Club in southern Gaza and was widely admired for his work nurturing young talent aged between six and 16.

“My son dreamt of representing Palestine internationally,” Shaker says, surrounded by remnants of his son’s accolades. “He believed sport could lift youth from despair. But war reached him before he could reach the world.”

Safi's father showing images of his deceased son.
Mohammed Safi’s father, Shaker Safi, shows an image of his deceased son holding a football trophy. Mohammed, who was a junior football coach and umpire, was killed in an Israeli air strike in November 2023 [Mohamed-Solaimane/Al Jazeera]

Now displaced, Mohammed’s wife Nermeen and their four children – 16-year-old Shaker Jr, Amir, 14, Alma, 11, and Taif, 7 – live with the painful void created by his death.

The children cling to their father’s last football and coaching notes as keepsakes.

Nermeen, an art teacher, gently wipes away Taif’s tears when she asks, “Why did they take Daddy from us?”

“He was a man of dreams, not politics,” Nermeen says. “He wanted to become an international referee. He wanted his master’s degree. Instead, he was killed for being a symbol of life and youth.”

Mohammed Safi is one of hundreds of athletes and sports professionals who have been killed or displaced since the war began.

According to the Palestinian Olympic Committee, 582 athletes have been killed since October 7, 2023, many of them national team players, coaches, and administrators.

Mohamed Safi's wife and children.
Mohammed Safi’s wife and children are not only dealing with his death, but also displacement created by the war on Gaza [Mohamed-Solaimane/Al Jazeera]

Sports replaced by survival

For those who remain alive in Gaza, survival has replaced sporting ambition.

Yousef Abu Shawarib is a 20-year-old goalkeeper for Rafah’s premier league football club.

In May 2024, he and his family fled their home and took shelter at Khan Younis Stadium – the same field where he once played official matches.

Today, the stadium is a shelter for displaced families, its synthetic turf now lined with tents instead of players.

“This is where my coach used to brief me before games,” Yousef says, standing near what used to be the bench area, now a water distribution point. “Now I wait here for water, not for kickoff.”

His routine today involves light, irregular training inside his tent, hoping to preserve a fraction of his fitness. But his dreams of studying sports sciences in Germany and playing professionally are gone.

“Now, I only hope we have something to eat tomorrow,” he tells Al Jazeera. “The war didn’t just destroy fields – it destroyed our futures.”

When he looks at the charred stadium, he doesn’t see a temporary displacement.

“This was not collateral damage. It was systematic. It’s like they want to erase everything about us – even our games.”

Yousef Abu Shawarib fitness training inside his tent.
Playing organised football out in the open is not a practical option in Gaza anymore. Instead, Yousef Abu Shawarib does fitness training in a tent at Khan Younis Stadium [Mohamed-Solaimane/Al Jazeera]

Hope beneath the rubble

Still, like the patches of grass that survived the blasts, some hope remains.

Shadi Abu Armanah, head coach of Palestine’s amputee football team, had devised a six-month plan to resume training.

His 25 players and five coaching staff had been building momentum before the war on Gaza. The team had competed internationally, including in a 2019 tournament in France. Before hostilities began, they were preparing for another event in November 2023 and an event in West Asia set for October 2025.

“Now, we can’t even gather,” Shadi says. “Every facility we used has been destroyed. The players have lost their homes. Most have lost loved ones. There’s nowhere safe to train – no gear, no field, nothing.”

Supported by the International Committee of the Red Cross, the team had once symbolised resilience. Training sessions were more than drills – they were lifelines. “For amputees, sport was a second chance,” Shadi says. “Now they are just trying to survive.”

Shadi himself is displaced. His home, too, was bombed. “The clubs I worked for are gone. The players are either dead or scattered. If the war ends today, we’ll still need years to bring back even a fraction of what was lost.”

He adds, “I coached across many clubs and divisions. Almost all their facilities have been reduced to rubble. It’s not just a pause – it’s erasure.”

Bombed out football stadium in Gaza.
This multi-purpose sporting venue in Khan Younis used to host basketball and volleyball games until the Israeli military demolished it by aerial bombing. In more recent times, it was repurposed as a refugee shelter, but has since been evacuated [Mohamed-Solaimane/Al Jazeera]

A systematic erasure

The scope of devastation extends beyond personal loss.

According to Asaad al-Majdalawi, vice president of the Palestinian Olympic Committee, Gaza’s entire sporting infrastructure is on the brink of collapse. At least 270 sports facilities have been damaged or destroyed: 189 completely flattened and 81 partially damaged, with initial estimates of material losses in the hundreds of millions of dollars.

“Every major component of Gaza’s sports system has been hit,” al-Majdalawi told Al Jazeera. “The Olympic Committee offices, sports federations, clubs, school and university sports programmes – even private sports facilities have been targeted. It’s a comprehensive assault.”

Among the fallen are high-profile athletes like Nagham Abu Samra, Palestine’s international karate champion; Majed Abu Maraheel, the first Palestinian to carry the Olympic flag at the 1996 Atlanta Games; Olympic football coach Hani al-Masdar; and national athletics coach Bilal Abu Sam’an. Hundreds of others remain injured or missing, complicating accurate assessments.

“This is not just loss – it’s extermination,” al-Majdalawi says. “Each athlete was a community pillar. They weren’t numbers. They were symbols of hope, unity, and perseverance. Losing them has deeply wounded the Palestinian society.”

He warns that beyond the immediate human toll, the interruption of sports activities for a year and a half will result in physical, psychological, and professional regression for remaining athletes. “You lose more than muscle and skill – you lose purpose.”

Partially-destroyed Khan Younis football stadium with shelters beside the grandstand.
A lone grandstand remains partially intact in an otherwise completely destroyed Khan Younis football stadium. The venue, once a popular cultural and social hub of the Khan Younis sports community, has now become a shelter for thousands of internally displaced Gazans [Mohamed-Solaimane/Al Jazeera]

A global silence

Al-Majdalawi believes the international response has been alarmingly inadequate. When Gaza’s sports community reaches out to global federations, Olympic bodies, and ministers of youth and sport, they’re met with silence.

“In private, many international officials sympathise,” he says. “But at the decision-making level, Israel seems to operate above the law. There’s no accountability. It’s like sport doesn’t matter when it’s Palestinian. The global and international sports institutions appear complicit through their silence, ignoring all international laws, human rights, and the governing rules of the international sports system,” he says.

He believes that if the war ended today, it would still take five to 10 years to rebuild what has been lost. Even that gloomy timeline is based on the assumption that the blockade ends and international funding becomes available.

“We have been building this sports sector since 1994,” al-Majdalawi says. “It took us decades to accumulate knowledge, experience, and professionalism. Now, it’s all been levelled in months.”

As the war continues, the fate of Gaza’s sports sector hangs by a thread. Yet amid the ruins, fathers like Shaker Safi, athletes like Yousef, and coaches like Shadi hold on to one unyielding belief: that sport will once again be a source of hope, identity, and life for Palestinians.

Man juggles football in Gaza.
Yousef Abu Shawarib, who has lived as a refugee at Khan Younis football stadium since May 2024, hopes to survive the war and once again play football on these grounds [Mohamed-Solaimane/Al Jazeera]

 

This piece was published in collaboration with Egab.

Source link

Reimagining AI’s Role In Finance

From compliance to stablecoins to microbusinesses, fintech labs germinate next-gen uses for AI.

You wouldn’t think that the quipu—an abacuslike system of knotted cords used by the Incas for record keeping—would have much application to the breakneck adoption of artificial intelligence among financial institutions (FIs). But a Colombian financial-services company nurtured by Bancolombia Ventures harkens to that system. Quipu deploys AI-powered analyses of alternative data to determine the creditworthiness of microbusinesses.

Quipu’s work is just one example of the growing importance of AI to financial institutions. According to Statista, the financial sector “exhibit[s] one of the highest adoption rates across industries.” In fact, Statista estimates that in 2024, the financial services industry invested roughly $45 billion in AI technology. Concurrently, NVIDIA found that more than half of the companies represented in its global State of AI in Financial Services: 2025 Trends report view AI as “crucial to their future success.” Of the 600 financial services professionals surveyed, 98% of managers say that their organizations plan to increase AI infrastructure spending this year.

Many banks have already deployed AI to automate internal processes such as customer onboarding, credit scoring, fraud detection, and loan processing. Increasingly, FIs consider AI a pivotal tool for efficiency and cost-effectiveness in meeting evolving anti-money laundering and know-your-customer regulations.

As these innovations become more commonplace, some banks may wonder what’s next for AI? That’s where innovations arising from the world’s best fintech labs come in.

AI capabilities continue to mature. Enhanced AI capabilities will help FIs generate new business value, but only if those institutions follow the advance from AI to generative AI (Gen AI).

The term “artificial intelligence” is used for technologies that can perform tasks previously requiring human brain power. Relying on historical data and rules-based systems, these capabilities recognize patterns, understand language, and detect anomalies—notably, the types of anomalies that can indicate fraud.

Gen AI is a specialized branch of AI that exceeds content analysis to actually produce content. Gen AI can write. It can simulate human conversation. It can code. It can generate images and videos.

The difference between AI and Gen AI can be seen in chatbots. Imagine this: A customer asks a chatbot, “Why was my credit card application denied?” An AI-powered chatbot may return a list of common reasons for the bank to deny credit, followed by a customer-service phone number for the user to call. A Gen AI-powered chatbot may respond with, “Your credit card application was denied because your credit score is too low. Your credit score is too low because a $2,000 write-off appears on your credit report. This write-off seems to be related to an auto loan from ABC Motors. Repaying this debt will help you improve your credit score. You may want to contact ABC Motors to settle this debt. Consider negotiating a ‘pay-for-delete’ arrangement.”


“Loan sharks were these businesses’ only solution. We’re an alternative to that.”

Mercedes Bidart, CEO and Founder, Quipu


Chatbot improvement is just one way Gen AI can improve business for FIs. It can study customer data to more closely tailor marketing strategies and financial services to individual needs. It can improve loan and investment strategies by generating “what if ” scenarios to help banks chart, for example, how changing interest rates affect customers’ willingness to take out new loans, and customers’ ability to repay those loans. And, as the innovations discussed below indicate, AI and Gen AI can help banks and their clients hasten international trade. They can help spot and stop previously unknown threats to bank infrastructures and data. And they can provide a financial lifeline to the underbanked.

Bancolombia Ventures partners with startups, focusing on topics such as fintech, climate-related technology, and cybersecurity. One of those startups, Quipu, has developed a new credit-scoring system tailored to what Bancolombia calls the “informal” nature of business in Latin America.

Quipu AI Team
Quipu CEO and Founder Mercedes Bidart (center) with co-founders Viviana Siless (CTO) and Juan Cristobal Constain (COO).

According to El Pais, a leading Colombian newspaper, close to 95% of all businesses in that country are microenterprises—defined as operations with 10 employees or less. While employing 65% of the Colombian workforce, these organizations tend to suffer from “business dwarfism,” or an inability to grow. Why? They lack access to capital. Traditional credit scoring methods paint them as a bad risk.

This is a problem that Mercedes Bidart, Quipu CEO, is trying to solve. The MIT graduate notes that most microentrepreneurs in the country operate as freelancers. “They have their digital wallet or bank account as a person, not as a business,” Bidart says. “They come in for an SME [small or midsize enterprise] loan at the bank, but they won’t get that. There’s no information about their business behavior.”

The Quipu system finds new ways to detect business value. It looks at business location, social media posts (including videos, pictures, and customer comments) and other nontraditional sources of information to determine business health. Even Google Maps can indicate whether a business is growing—showing, perhaps, the physical expansion of a home-based garage over time.

Quipu uses this information to develop its own credit scores for microbusinesses. Potential new clients are often referred by Bancolombia, from its pool of declined applicants. Quipu has offered many of these microbusinesses loans ranging from $100 to $2,000—for a total of $3.5 million in loans granted over the past 18 months. While these are personal loans, rather than business loans, Bidart believes that these small infusions of cash will help some businesses grow to the point where they eventually qualify for more-traditional SME loans.

“The people we serve—before us the only financial solution they had was the predatory lender. We have loan sharks. They charge abusive interest rates, and they’re violent,” Bidart says. “They operate from Mexico to Argentina. In Colombia, loan sharks were these businesses’ only solution. We’re an alternative to that.”

Let’s take look at innovations arising at other fintech labs around the world.

innovation, technology lab

Best Financial Innovation Labs 2025

Read Here

Source link

‘Piracy’: World reacts to Israel’s seizure of Gaza-bound aid vessel Madleen | Gaza News

Governments and NGOs condemn Israel’s interception in international waters of the ship, which sought to bring attention to the humanitarian crisis in Gaza.

Israel has intercepted a Gaza-bound aid ship, preventing the 12 activists on board, including Swedish climate campaigner Greta Thunberg, from reaching the blockaded Palestinian territory.

Israeli forces “forcibly intercepted” the Madleen in international waters overnight about 100 nautical miles (185km) from Gaza, the Freedom Flotilla Coalition NGO said in a statement on Monday. Al Jazeera lost contact with the vessel at 7:00 GMT.

Apart from Thunberg, those taken into custody by Israel are Palestinian French Member of the European Parliament Rima Hassan, Baptiste Andre, Pascal Maurieras, Yanis Mhamdi and Reva Viard from France; Thiago Avila from Brazil; Suayb Ordu from Turkiye; Sergio Toribio from Spain; Marco van Rennes from the Netherlands; Yasemin Acar from Germany; and Omar Faiad, a journalist with Al Jazeera Mubasher, also from France.

Israel has detained the crew for “interrogation”.

Here’s how the world has reacted:

Palestine

The interception of the Madleen is a “flagrant violation of international law”, Hamas said in a statement, calling for the activists on board to be released and saying it holds Israel “fully accountable for their safety”.

“Israel has no legal authority to restrict access to Palestine since such is within the exclusive right of the Palestinian people,” said the rights organisation Al-Haq, which is based in Ramallah in the occupied West Bank.

Iran

“The assault on this flotilla, since it happened in international waters, is considered a form of piracy under international law,” said Esmaeil Baqaei, a spokesman for Iran’s Ministry of Foreign Affairs.

Turkiye

Israel’s interception of the Madleen is a “clear violation of international law” that “once again demonstrates that Israel is acting as a terror state”, Turkiye’s Ministry of Foreign Affairs said in a statement.

France

President Emmanuel Macron “has asked that our six French nationals be allowed to return to France as soon as possible,” said the Elysee Palace in a press release. “We have asked to be able to exercise our consular protection over them” and to “visit them”, Minister for Europe and Foreign Affairs Jean-Noel Barrot added.

Spain

Spain has summoned Dan Poraz, charge d’affaires at the Israeli embassy in Madrid, reported the Spanish newspaper El Pais and Al Jazeera Arabic, quoting a source at Spain’s Ministry of Foreign Affairs.

Australia

The Jewish Council of Australia has expressed “grave concerns for the activists on board the Gaza Freedom Flotilla” and called “on the Australian government to urgently intervene to secure the immediate release of the vessel and safety of the crew”.

United States

“We strongly condemn the cowardly and illegal Israeli attack on the Madleen as it approached Gaza with desperately needed humanitarian supplies,” the Council on American-Islamic Relations said. “We applaud Greta Thunberg and the other activists of the Madleen who bravely risked their safety and freedom to help the starving people of Gaza.”

European Parliament

Israel’s seizure of the Madleen “outside Israeli territorial waters” is a “blatant violation of international law”, said The Left, the European Parliament faction that Hassan belongs to. “The arrest of the crew members and the confiscation of aid intended for a population in immediate humanitarian distress is unacceptable and is clearly part of a wider strategy to starve and massacre Palestinians in Gaza while hiding Israeli war crimes from the world.”

United Nations

“Madleen must be released immediately,” United Nations Special Rapporteur on the Occupied Palestinian Territory Francesca Albanese said. “Breaking the siege is a legal duty for states and a moral imperative for all of us. Every Mediterranean port should send boats with aid, solidarity and humanity to Gaza. They shall sail together – united, they will be unstoppable.”

Amnesty International

“As the occupying power (as recognised by the ICJ [International Court of Justice]), Israel has a legal obligation to ensure civilians in Gaza have sufficient food and medicine. They should have let Madleen deliver its humanitarian supplies to Gaza,” said Agnes Callamard, secretary-general of Amnesty International, asserting that Israel’s interception of the Madleen “violates international law”.

Source link

Ex-Dodgers pitcher Trevor Bauer to receive damages from sexual assault accuser

Former Dodgers pitcher Trevor Bauer prevailed in court Monday, when a Los Angeles Superior Court judge ordered the woman who accused him of sexual assault to pay more than $300,000 for violating the terms of a settlement agreement.

Bauer and Lindsey Hill, the woman whose 2021 allegations triggered a Major League Baseball investigation that resulted in Bauer’s suspension, settled dueling lawsuits two years ago. He had sued her for defamation, she had sued him for assault and sexual battery, and the parties agreed that neither had paid any money to the other.

In an email to Bauer’s attorneys, Hill’s attorneys said she would receive $300,000 from her insurance policy. On Monday, Los Angeles Superior Court Judge Daniel Crowley ordered Hill to pay $309,832.02.

After the settlement, Hill claimed on social media that Bauer “handed back an insurance sum to me that was meant for him in order for me to drop my countersuit.”

Bauer sued her in October, citing 21 similar claims on a podcast or on social media — all of them alleged violations of a settlement provision forbidding her from saying Bauer or any representative “paid her any money as consideration for the settlement.” Each alleged violation cost $10,000, according to the terms of the settlement agreement.

Hill did not contest or respond to the suit. After telling Bauer’s attorneys in February they had not made a strong enough case and then telling them in April they had not justified their fees, Crowley granted Bauer a victory by default and ruled his attorneys had produced “sufficient evidence to justify the award.”

The award included $220,000 for the 22 violations of the agreement. The remaining money requested by Bauer’s attorneys and approved by Crowley covered attorney fees and costs, plus interest on the award.

On Tuesday, after her X account had been deactivated, Hill resumed posting there and acknowledged she had “refused to participate in this suit in any way shape or form.” She nonetheless said she would appeal and “further delay any shot he ever had at getting his career back.”

Wrote Hill: “He will never see a cent from me.”

Source link

Thunder-Pacers: SGA scores 34 as OKC win Game 2 of NBA Finals | Basketball News

The Oklahoma City Thunder’s Shai Gilgeous-Alexander learned a lesson to open the National Basketball Association (NBA) Finals.

“You can’t just throw the first punch,” Gilgeous-Alexander said after Game 2 of the NBA Finals against the visiting Indiana Pacers on Sunday night. “You’ve got to throw all the punches all night.”

Gilgeous-Alexander and the rest of the Thunder threw plenty of haymakers, helping their side to a 123-107 victory to even the series 1-1 going into Wednesday’s Game 3 in Indianapolis.

That was a departure from Game 1 last Thursday, when the Thunder led by 15 in the fourth quarter before Indiana came back to win the game 111-110 on a basket in the final second.

Gilgeous-Alexander led the way on Sunday for Oklahoma City, scoring 34 with eight assists, five rebounds and four steals, and went 11-of-12 on free throws.

There were plenty of areas of improvement from Game 1 for Thunder coach Mark Daigneault to point out after the victory.

Oklahoma City had more success turning Indiana’s turnovers into points at the other end, got better production from Chet Holmgren and Jalen Williams, had nearly double the assists after posting a season-low 13 in Game 1, and got an offensive spark off the bench from Alex Caruso and Aaron Wiggins.

Daigneault said none of those alone was the difference-maker, but all came together for a much better result for his team.

“I think we were just a little bit better in a lot of areas,” Daigneault said.

Tyrese Haliburton in action.
Tyrese Haliburton (#0) led the Indiana Pacers with a game-high 17 points in Game 2 [Nathaniel S Butler/Getty Images via AFP]

The biggest stretch of the game came in the second quarter, when the Thunder ripped off a 19-2 run fuelled by their defence and Gilgeous-Alexander’s finishes on the other end.

To that point, Oklahoma City’s defence had not forced many turnovers, and it had not taken advantage of the few it had caused.

But during that big run, Gilgeous-Alexander scored seven of Oklahoma City’s last nine points – all off Pacers’ turnovers.

Indiana quickly answered with a 10-0 run to make it 52-39, but never got closer than that 13-point deficit.

The Thunder outscored the Pacers 26-12 in the paint in the first half and, for the series, now lead 88-68 in that category.

“They’re the best team in the league at keeping the ball out of there,” Pacers coach Rick Carlisle said. “It’s a tough task.”

In Game 1, Jalen Williams and Chet Holmgren combined to shoot just 8-of-28 from the floor, with Holmgren going just 2-for-9 with six points.

Holmgren looked much more settled early on in Game 2, hitting five consecutive shots after missing his first of the game.

While Williams was not overly efficient, scoring 19 points on 5-of-14 shooting, he did go 8-for-9 at the free throw line and added five assists.

Holmgren finished with 15 points, while Caruso added 20 and Wiggins 18 off the bench.

Tyrese Haliburton, the star of Game 1 after hitting the winning shot in the final second, led the Pacers with 17 points, though 12 of those came in the final quarter with the game fairly well in hand for Oklahoma City.

Over the first two games of the series, Haliburton is a combined 3-for-9 with nine points before half-time.

“I have to figure out how to be better at the beginning of games,” Haliburton said. “Kudos to them; they are a great defensive team.”

A big part of the Thunder’s defensive success against Haliburton has been thanks to Luguentz Dort. He has spent plenty of time guarding Haliburton but was on the opposite side of the floor for Haliburton’s Game 1 winner.

Dort finished with just three points, though Caruso gave him plenty of credit for the victory.

“He knows the role he needs to play for us to win the series and pick up that trophy at the end,” Caruso said.

Myles Turner added 16 for Indiana, while Pascal Siakam scored 15 points on 3-of-11 shooting.

Shai Gilgeous-Alexander in action
Gilgeous-Alexander, centre, of the Oklahoma City Thunder scored a game-high 34 points in Game 2 in addition to eight assists, five rebounds and four steals [William Purnell/Getty Images via AFP]

Source link

India-Pakistan conflict claims an unlikely victim: Himalayan pink salt | Business and Economy

For the past three decades, Vipan Kumar has been importing Himalayan pink salt from Pakistan to sell in India.

The 50-year-old trader who is based in Amritsar in Punjab, the spiritual hub of Sikhs in India, told Al Jazeera that the recent blanket ban on trade between the two countries following the massacre of 26 people, mostly Indian tourists, at Pahalgam in Indian-administered Kashmir in April has brought that trade to a screeching halt after New Delhi banned imports of all Pakistani goods, including those routed through third countries.

Kumar says he typically sold 2,000 to 2,500 tonnes of pink salt a quarter. “The profit margin is very thin, but still the business is feasible because of the bulk sales. But the ban has completely halted the pink salt business. We don’t know when the situation would turn normal,” he told Al Jazeera.

The Himalayan Pink Salt has a pinkish tint due to a trace of minerals, including iron, and is used in cooking, decorative lamps and spa treatments. Hindus also prefer to use this salt during their religious fasts as it is a non-marine salt.

Mined in Pakistan

The Himalayan pink salt is mined at the Khewra Salt Mine in the Punjab province of Pakistan, the second largest salt mine in the world after Sifto Salt Mine in Ontario, Canada, and located about 250 kilometres (155 miles) from the city of Lahore, which also at times lends its name to the pink salt – Lahori namak, which is Hindi for salt.

The salt mine contains about 82 million metric tonnes of salt, and 0.36 million metric tonnes is extracted every year. About 70 percent of the salt is used for industrial purposes, and the rest for edible use.

“The mine is very scenic and attracts several thousand tourists every year,” Fahad Ali, a journalist who lives close to the mine, told Al Jazeera.

It has approximately 30 salt processing units where the huge rock salt boulders are hand-mined and loaded on trucks before being dispatched, he said.

The salt is exported in a raw form to India, where importers process, grind and pack it for sale.

Prices swell

India mostly depends on Pakistan for this pink salt.

But after the Pahalgam massacre, India announced an end to all trade with Pakistan, which reciprocated the ban. The halt in trade was one of a series of diplomatic and economic tit-for-tat measures the neighbours took against each other before engaging in an intense four-day exchange of missiles and drones that took them to the cusp of a full-fledged war. On May 10, they stepped back from the brink, agreeing to a truce. However, the trade ban remains in place.

Salt traders in India told Al Jazeera that the current pause in imports has started to hamper their business as prices are starting to rise.

“It has been barely over a month since the announcement of the ban, and prices have already gone up,” said Gurveen Singh, an Amritsar-based trader, who blamed traders with existing stocks for selling them at higher prices.

“The salt which was sold in the retail market for 45 rupees to 50 rupees per kilogramme [$0.53-$0.58] before the ban is now being sold for at least 60 rupees per kilogramme [$0.70],” Singh said.

In some places, the price is even higher. In Kolkata this week, pink salt was being sold in markets for between 70 rupees and 80 rupees per kilogramme [$0.82-$0.93].

“We have no idea when the situation would return to normal. There would be complete crisis once the stocks get exhausted,” he said.

The rates, however, go up even more on the other side of India in the east due to the transportation cost incurred to send the salt from Amritsar.

Traders in Kolkata told Al Jazeera that the prices of the salt have gone up by 15-20 percent in the city, but that has not hampered demand as yet.

“The Himalayan rock salt remains in huge demand across the year, especially during festivals when people remain on fast and prefer the pink salt over the marine salt that is produced in India,” said Sanjay Agarwal, a manager in a private firm that deals in pink salt.

Dinobondhu Mukherjee, a salt trader in Kolkata, said that the government should look for an alternative country to procure this salt. “The relations between the two countries are usually strained, and that affects the trade. Our government should look for alternative countries to procure the salt so that the supply chain is never disrupted,” Mukherjee told Al Jazeera.

Pakistani exporters, however, said that the Indian ban would have a “positive impact” on their trade. Indian traders, they said, brand their salt as their own to sell in the international market at higher prices.

“The recent ban would help us to expand further as it would wipe off the competition from India,” Faizan Panjwani, chief operating officer of Karachi-based RM Salt, told Al Jazeera.

“Undoubtedly, India is a big market and has a lot of potential, but we want to send the salt by doing value addition and not in raw form. Our salt is already in huge demand globally,” he said.

Trade decline

Trade between the two countries has been decreasing since the 2019 attack on security forces in Pulwama in Indian-administered Kashmir in which 40 security personnel were killed. In response, India revoked the non-discriminatory market status – better known as Most Favoured Nation (MFN) status – that it had granted to Pakistan. It also imposed heavy tariffs of 200 percent on imports from Pakistan.

According to India’s Ministry of Commerce, the country’s exports to Pakistan from April 2024 to January 2025 stood at $447.7m, while Pakistan’s exports to India during the same period were a paltry $420,000.

In 2024, India imported about 642 metric tonnes of pink salt, which was far lower than the 74,457 metric tonnes imported in 2018 – largely as a result of the high tariffs.

Prior to the latest ban, India’s major exports to Pakistan included cotton, organic chemicals, spices, food products, pharmaceuticals, plastic articles, and dairy products. India normally imports copper articles, raw cotton, fruits, salt, minerals and some speciality chemicals from Pakistan.

“The implementation of the heavy duty had raised the import price of the salt from 3.50 rupees [$0.041] per kilogramme to 24.50 rupees [$0.29] per kilogramme in 2019, even though the salt was being routed from the third country like Dubai,” trader Kumar told Al Jazeera.

“Still, it had not impacted our business as the demand was too high, and buyers were ready to pay the price. But the government, this time, has also prohibited the entry of Pakistani goods from any third country, which has brought the supply to a complete standstill,” he said.

One unusual industry that is being hurt by the ban – lamps made from the Himalayan pink rock salt that are used as decorative lights and even tout unproven claims of being air purifiers.

“We have to look for an alternative country if the supply of rock salt doesn’t come from Pakistan,” said Global Aroma founder Deep, who uses a single name. “The prices of the lamps had already increased after the imposition of a 200 percent tariff in 2019, and the procurement from any other country will lead to further escalation of cost.”

Source link

Israel strikes Syria again, claims to have killed alleged Hamas member | Conflict News

Syrian Observatory for Human Rights reports one dead and two others wounded in the Israeli attack on a vehicle.

The Israeli army has again bombed Syria, claiming it killed a Hamas member during an air strike in the south of the country, in the latest in its series of attacks on Syria in the wake of former President Bashar al-Assad’s ouster last December.

In a statement on Telegram on Sunday morning, the Israeli army said it had struck the alleged Hamas member in the Mazraat Beit Jin area.

The Syrian Observatory for Human Rights reported that one person was killed and two others were wounded in the Israeli attack targeting a vehicle in the town near the United Nations-patrolled buffer zone.

Hamas has not yet commented on the death of the alleged member.

The observatory says Israel has carried out 61 attacks – 51 by air and 10 by ground – in Syria so far this year.

Two rockets launched from Syria targeted Israel earlier this week, a first since the fall of al-Assad.

 

Two groups claimed responsibility for the attack.

The first group, named the “Martyr Mohammed Deif Brigades”, is a little-known group named after the Hamas military commander who was killed last year. A second little-known group, the “Islamic Resistance Front in Syria”, called for action against Israel from southern Syria a few months ago.

Israel struck southern Syria shortly afterwards, with Israeli Defence Minister Israel Katz saying that he was holding Syria “directly responsible”.

Syria’s Foreign Minister Asaad al-Shaibani condemned Israel’s attacks and called them “coordinated provocations aimed at undermining Syria’s progress and stability”.

“These actions create an opening for outlawed groups to exploit the resulting chaos,” he said, adding, “Syria has made its intentions clear: we are not seeking war, but rather reconstruction”.

Syria and Israel had recently engaged in indirect talks to ease tensions, a significant development in relations between states that have been on opposite sides of conflicts in the Middle East for decades.

But Israel has relentlessly waged a campaign of aerial bombardment that has destroyed much of Syria’s military infrastructure. It has occupied the Syrian Golan Heights since the 1967 Arab-Israeli war and taken more territory in the aftermath of al-Assad’s removal, citing lingering concerns over the country’s new government led by President Ahmed al-Sharaa, who it dismisses as a “jihadist.”

Syria’s new government has taken several major steps towards international acceptance after the United States and European Union lifted sanctions on the country last month, giving a nation devastated by nearly 14 years of civil war a lifeline to recovery.

Source link

Iran says Israeli ‘treasure trove’ of secret documents to be unveiled soon | Politics News

Intelligence Minister Khatib says Tehran having ‘thousands of documents’ will be an understatement.

Iranian Intelligence Minister Esmail Khatib has said sensitive Israeli documents related to its nuclear facilities, its relationship with the United States, Europe and other countries, as well as its defensive capabilities, will be unveiled soon.

Khatib told state TV on Sunday that the documents obtained by Tehran were a “treasure trove” capable of strengthening the nation’s offensive posture, but he did not provide any immediate evidence.

The Israeli government, which has never revealed details about its nuclear arsenal, said to comprise substantial atomic weapons, making it the only country in the Middle East with nuclear bombs, has not yet commented on the report of the leaked documents.

However, there have been arrests of Israelis allegedly spying for Tehran amid its war in Gaza. It was not clear if the materials were connected to a reported hacking of an Israeli nuclear research centre last year.

“The transfer of this treasure trove was time-consuming and required security measures. Naturally, the transfer methods will remain confidential, but the documents should be unveiled soon,” Khatib said.

He described the volume, saying, “Talking of thousands of documents would be an understatement.”

“The sheer volume of the materials and the need to securely transfer the entire shipment into the country necessitated a period of media silence,” state broadcaster IRIB reported, citing sources, and adding that the documents had reached “secure locations”.

Nuclear capabilities and negotiations

The latest development comes as part of a broader campaign of covert operations that Iran and Israel have waged against each other for years.

While Tehran has accused Israel of assassinating its nuclear scientists, Israel has blamed Iran for supporting armed groups across the region that target its interests.

Iran and Israel exchanged limited strikes in April 2024 after Iran retaliated for Israel’s bombing of its embassy in Syria’s Damascus, but a war was avoided. The US recently told Israel to stand down on any plans to attack Iranian nuclear sites as negotiations between Washington and Tehran are ongoing.

There is also a sharp focus on Iran’s nuclear programme following a report last week by the United Nations nuclear watchdog that said Tehran had carried out secret nuclear activities. Iran will likely face censure this week from the Board of Governors at the International Atomic Energy Agency over these questions about its programme.

While Iran has denied wanting to create or have nuclear weapons, it has insisted that it intends to develop nuclear technology for peaceful, civilian purposes.

That is a key sticking point in the concurrent Iran-US indirect talks, several rounds of which have been held in Oman and Italy about a possible nuclear deal aimed at resolving a decades-long dispute over its nuclear ambitions.

Supreme Leader Ayatollah Ali Khamenei said on Wednesday that the current US proposal to abandon Iran’s uranium enrichment programme was “100 percent against our interests”.

“The rude and arrogant leaders of America repeatedly demand that we should not have a nuclear programme. Who are you to decide whether Iran should have enrichment?” he said, without mentioning stopping the ongoing talks.

Iran’s parliament speaker said on Sunday that the latest US proposal for a nuclear deal does not include the lifting of sanctions, state media reported, suggesting negotiations may have hit an impasse.

Source link

‘Dogma’ director Kevin Smith on film’s re-release after 25 years

For more than a quarter century, director Kevin Smith has tried to resurrect “Dogma,” his religious satire about two fallen angels looking to get back into heaven. Recently, his prayers for the 1999 comedy were finally answered.

On Thursday, the movie got a theatrical re-release across 1,500 AMC Theatres screens in honor of its 25th anniversary. Technically, the milestone was last year. But the second coming of a movie that brought us one of Ben Affleck and Matt Damon’s best on-screen collaborations and an A-list comedic ensemble — including George Carlin, Chris Rock, Janeane Garofalo and Alan Rickman — not to mention the meme-worthy, winking “Buddy Christ,” warrants a long-awaited hallelujah.

“It’s got a good legacy to it,” Smith said of the film. “It’s become the ‘umbrella film’ for me. The umbrella film is the movie that no matter what you do, even if you make s— that people don’t like, they won’t crucify you — pun intended — because you made a movie that they like.”

Kevin Smith, in a purple blazer and backwards cap, leans against a wall.

“To me, it plays like a kid really trying to celebrate his faith after having grown up in a church where every Sunday, everyone seemed to be mourning it. … It’s a love letter to spirituality,” Kevin Smith said about “Dogma.”

(Jason Armond / Los Angeles Times)

Though the sparkling period of Smith’s career is largely defined by 1994’s “Clerks” and 1997’s “Chasing Amy,” his fourth film, “Dogma,” steeped in irreverence and hilarity centered around his former Catholic faith, is still considered one of his classics. The movie debuted at Cannes in 1999. He returned to the renowned film festival last month, when the comedy played in the Cannes Classics section, just days before sitting down with The Times on camera to discuss “Dogma’s” whirlwind re-release. In the interview, the director, writer and actor recounts how the movie was saved by filmmaker and actor Alessandra Williams, who raised money to buy the film from Miramax earlier this year, decades after it was acquired and shelved by disgraced producer Harvey Weinstein. Weinstein sold Smith’s film, along with a trove of others, to Williams to help pay for his legal defense, Smith said.

In collaboration with Iconic Events, the film has since been remastered in 4K for its screening tour and is being shown in select AMC theaters. Smith is well-seasoned when it comes to touring his old films, pairing the screenings with Q&As and stand-up performances throughout the live presentations. It took little time for him to book a sold-out, 20-city tour aimed at getting fans fired up to come see “Dogma” once again under much different (and safer) circumstances.

“Even with getting people aware of the movie this time around, it’s not as fraught with peril as it was back in the day,” Smith said, referring to the death threats, protests and 400,000 pieces of hate mail he said the movie garnered from Christian extremists who denounced what they believed to be the film’s mockery of their faith.

“You Jews better take that money you stole from us and start investing in flak jackets,” Smith said while closing his eyes and reciting one of the letters from memory. “We’re coming because we’re coming in there with shotguns. Signed, Your Brothers in Christ.”

Though the controversy of the film has definitely waned, the inspiration behind the film remains steadfast, Smith said. “To me, it plays like a kid really trying to celebrate his faith after having grown up in a church where every Sunday, everyone seemed to be mourning it. So I think [people hopefully see it] for what it is. It’s a love letter to spirituality.”

Source link

Los Angeles unrest: Is Trump allowed to deploy National Guard troops? | Protests News

United States President Donald Trump has ordered the deployment of 2,000 members of the National Guard to Los Angeles County to quell protests against coordinated immigration raids, bypassing the authority of the governor of California.

The extraordinary development came on Saturday, the second day of protests, amid clashes between law enforcement officers and demonstrators in the city.

The Los Angeles Police Department said Saturday’s demonstrations were peaceful and that “the day concluded without incident”. But in the two cities south of Los Angeles, Compton and Paramount, street battles broke out between protesters and police who used tear gas and flashbangs to disperse the crowds.

Local authorities did not request federal assistance. On the contrary, California Governor Gavin Newsom called Trump’s decision to call in National Guard troops “purposefully inflammatory”.

He accused the Trump administration of ordering the deployment “not because there is a shortage of law enforcement, but because they want a spectacle”.

How did it start?

It all started on Friday, when law enforcement officials in full riot gear descended on Los Angeles, rounding up day labourers at a building supply shop.

The raids, part of a military-style operation, signalled a step up in the Trump administration’s use of force in its crackdown against undocumented immigrants. The arrests were carried out without judicial warrants, according to multiple legal observers and the American Civil Liberties Union.

The Department of Homeland Security said more than 100 undocumented immigrants have been arrested in two days of raids across southern California.

After word spread through southern Los Angeles of immigration agents arresting people, residents came out to show their outrage, and a police crackdown followed.

What is the National Guard?

It is made up of part-time soldiers who can be used at the state and federal levels. Under the authority of state governors, National Guard troops can be deployed to respond to emergencies, such as the COVID pandemic, hurricanes and other natural disasters. It can also be used to tackle social unrest when local police are overwhelmed.

During times of war or national emergencies, the federal government can order a deployment for military service – that is, when the National Guard is federalised and serves under the control of the president.

Can the president deploy the National Guard in a state?

The president can federalise, or take control of, the National Guard in very specific cases.

The main legal mechanism that a president can use to send military forces is the Insurrection Act to suppress insurrections, rebellions, and civil disorder within the country. If certain conditions are met, the president can send in the National Guard, bypassing the authority of the governor, though that is rare and politically sensitive.

Following the breakout of protests in Los Angeles, Trump did not invoke the Insurrection Act, but rather a specific provision of the US Code on Armed Services. It says National Guard troops can be placed under federal command when “there is a rebellion or danger of a rebellion against the authority” of the US.

But the law also says “orders for these purposes shall be issued through the governors” of the states, making it not clear whether Trump had the legal authority to bypass Newsom.

Trump’s directive ordering the deployment of troops said “protests or acts of violence” directly inhibiting the execution of the laws would “constitute a form of rebellion” against the government.

According to Robert Patillo, a civil and human rights lawyer, Trump’s order will likely face legal challenges.

“Normally, federal troops are going to be used inside states at the invitation of the governor of that state,” he told Al Jazeera, citing the 1992 riots in Los Angeles, which were put down by federal troops invited by Pete Wilson, then-governor of California.

“But if the governor, such as Gavin Newsom, has not asked for federal troops to come in, and these troops are coming in against his will, then there will be challenges … and this will have to go to the Supreme Court in order to determine who has a legal right to deploy those troops,” Patillo said.

Is it the first time Trump has activated the National Guard?

In 2020, Trump threatened to invoke the Insurrection Act to respond to the protests that followed the killing by a Minneapolis police officer of George Floyd. Then-Secretary of Defense Mark Esper pushed back, saying active-duty troops in a law enforcement role should be used “only in the most urgent and dire of situations”.

Finally, Trump did not invoke the Insurrection Act and asked governors of several states to deploy their National Guard troops to Washington, DC. Those who refused to send them were allowed to do so.

But this time around, Trump has already signalled his unwillingness to hold back on calling in troops. When on the campaign trail in 2023, Trump told supporters in Iowa that he would not be waiting for a governor to be asked to send in troops as during his first term.

“The next time, I’m not waiting,” he said.

Source link

FIFA Club World Cup: Why is Yamal, Salah, Ronaldo, Barcelona not playing? | Football News

A new-look FIFA Club World Cup, featuring 32 teams, kicks off in the United States on June 14 and runs through to the final on July 13.

In advance of the tournament, Al Jazeera takes a look at the top five talking points:

1. Cramped schedule raises concerns over player welfare

FIFA’s decision to expand the Club World Cup from a six- or eight-team tournament to a supersized 32-team edition has been criticised by FIFPRO, the global football players’ union, and the World Leagues Forum (WLF).

Legitimate questions have been raised about the extra workload on players due to the increased number of matches, and the corresponding reduction in rest and recovery time for players in a shortened off season.

“The FIFA Council’s decision to schedule the first edition of the 32-team FIFA Club World Cup between 15 June and 13 July 2025 without implementing further player workload safeguards demonstrates a lack of consideration for the mental and physical health of participating players, as well as a disregard for their personal and family lives,” FIFPRO said in a statement in December.

A report released by FIFPRO and Football Benchmark in April found that several Club World Cup-bound players are among the most overworked for the 2024-25 season.

The report’s findings estimated that Real Madrid’s Federico Valverde, who made 43 back-to-back appearances up until April 1 with fewer than five days of recovery time before these matches, could potentially reach 65 back-to-back appearances for club and country by the end of the season, racking up close to 7,000 minutes and 78 games.

The WLF, an organisation representing 44 major professional leagues that is chaired by Premier League chief Richard Masters, said the organisation was unhappy that it had been overlooked in FIFA’s decision-making process.

According to the Reuters news agency, Masters accused FIFA of prioritising its own commercial interests, adding that the June-July schedule would affect player availability for national leagues at the start of the season in August.

Rodri sustained a knee injury during Manchester City's Premier League game against Arsenal
An elongated FIFA Club World Cup schedule in 2025 has reduced the already-short off season for many top players in the tournament, increasing the chance of injury, according to FIFPRO [File: Jason Cairnduff/Reuters]

2. Will the matches be competitive?

While the expansion of the Club World Cup to 32 sides allows more teams a chance at testing themselves against some of the biggest names in global club football, it also raises questions about the competitiveness of the tournament.

With every group having at least two clubs from Europe or South America, teams from the other continental confederations, such as Asia or Africa, could find themselves having very little chance of glory against the heavyweights of the game.

For example, in Group G, Moroccan side Wydad AC and UAE Pro League Al Ain are pitted against Manchester City and Juventus, who have been supremely successful on the domestic and continental stage.

Teams from the European confederation (UEFA) have historically dominated the Club World Cup, winning 16 of the 20 editions played to date. The remaining four have all been won by clubs from the South American confederation (CONMEBOL).

So, history suggests that the presence of European or South American sides could lead to lopsided matchups in this year’s edition.

Real Madrid players react.
Real Madrid are the most successful club in the Club World Cup, having won a record five titles [File: Josep Lago/AFP]

3. Where are the superstars and superteams?

While Lionel Messi and Kylian Mbappe will play at the tournament, fans will be denied an opportunity to watch many of the elite performers from the 2024-25 season, such as Liverpool’s Mohamed Salah, the Premier League’s Golden Boot winner, or teenage prodigy Lamine Yamal, who won three trophies this year with Barcelona.

Salah created history as the first player in Premier League history to finish a season with the most goals and assists as well as win the Player of the Season award. But one of the most in-form forwards in the world will not be among the players in the US as Liverpool could not qualify for the tournament, with Manchester City and Chelsea earning spots from the English quota.

Further confusing the selection of teams was FIFA’s abrupt decision to give the host nation a spot and award it to Inter Miami, underlining the opaque nature of the qualifying criteria for the tournament which won’t feature Liverpool, Barcelona or Napoli, who have all just been crowned champions in three of the most prestigious leagues in Europe.

Inter Miami gained entry by topping Major League Soccer’s regular season standings, despite losing in the first round of the playoffs – a decision critics say shows FIFA’s desperation to have Inter’s Argentina great Messi at their inaugural showpiece.

Apart from the winners of each confederation’s premier club competitions, teams qualified according to a ranking based on their performances over a four-year period. Barcelona, the current La Liga champions, missed out on a spot due to the four-year club coefficient rankings and two-team restrictions, as their archrivals Real Madrid qualified for the Club World Cup alongside Atletico Madrid.

The Catalan giants, fielding some of the most exhilarating footballers on the planet, such as 17-year-old wonderkid Yamal or the goal-scoring genius of Raphinha, are a huge omission from the club-based tournament.

Prodigious talents like Romelu Lukaku and Scott McTominay, who ushered Napoli’s stunning 2024-25 Serie A title charge in Italy, will also not play.

Mo Salah reacts.
Liverpool’s Mohamed Salah will be one of many global football stars missing from the FIFA Club World Cup 2025 [File: Phil Noble/Reuters]

4. Introduction of a special transfer window

In the build-up to the tournament, FIFA announced the creation of a special transfer window, allowing participating clubs to make last-minute transfers before their teams board the flight to the US.

FIFA has said signings can be made from June 1 to June 10 as well as June 27 to July 3, explaining that the objective of the latter window is to encourage clubs and players whose contracts are expiring “to find an appropriate solution to facilitate the players’ participation”.

The introduction of this transfer window is unique as signings usually either take place in the close season or the middle of the season, known as the summer and winter windows for European clubs.

FIFA’s move has led to speculation that Cristiano Ronaldo could be one of those players to put pen to paper during the window on a short-term deal for one of the participating clubs. Spanish newspaper Marca reported in late May that a club in Brazil had submitted an offer to sign Ronaldo. Botafogo – one of four Brazilian clubs competing at the tournament – have been linked with the veteran forward.

Ronaldo, 40, has hinted he could leave Al Nassr after declaring that a “chapter is over” hours after the Saudi Pro League finished. Al Nassr have not qualified for the Club World Cup, unlike fellow Saudi side Al Hilal, and FIFA President Gianni Infantino recently said “there are discussions” over Ronaldo playing at the Club World Cup.

The Portugal star confirmed on Saturday that he had received “quite a few” offers from participating clubs to play for them at the tournament, but had decided against accepting any.

Should a Ronaldo transfer ultimately occur, the Club World Cup could see Messi and Ronaldo face-off in the US market, greatly boosting media interest, ticket sales, TV viewership figures, and enhancing the overall appeal of the tournament. The duo, who are arguably the greatest players of their generation, last played in the same competition at the 2022 FIFA World Cup in Qatar.

A club which has already benefitted from this special transfer window is Real Madrid, which was able to reach an agreement with Liverpool to sign defender Trent Alexander-Arnold early and make him available for the tournament.

The right back was scheduled to join the Spanish giants on a six-year deal as a free agent after his Liverpool contract expired on June 30, but according to The Athletic, Real paid Liverpool 10 million euros ($11.4m) to fast-track the process and get him on board for the Club World Cup.

Al Nassr's Cristiano Ronaldo before the match
Cristiano Ronaldo, who plays for Al Nassr, is out of contract this month, which has led to speculation over his exit from the Saudi Pro League club [File: Hamad I Mohammed/Reuters]

5. Dress rehearsal for next year’s FIFA World Cup

Fans in the US will get a glimpse of what the 2026 FIFA World Cup on home soil will look like when they attend the Club World Cup matches this year.

The 2026 FIFA World Cup will be co-hosted by the US alongside Canada and Mexico, running for more than a month with 100+ matches.

Among the 12 stadiums that will host the new-look Club World Cup, some have also been chosen as venues for the 2026 FIFA World Cup, which will have 48 participants for the first time.

MetLife Stadium, an 82,500-seater in New Jersey, will host the semifinals and the final of the Club World Cup as well as the final of next year’s prestigious World Cup.

Atlanta’s Mercedes-Benz Stadium, Philadelphia’s Lincoln Financial Field, Seattle’s Lumen Field and Miami’s Hard Rock Stadium are the other venues which will be involved in both tournaments.

The venues, though, might not be filled to their full capacity as organisers have struggled to sell tickets, with club fan tickets, general public tickets, and hospitality sections all still up for sale on the official FIFA site, nearly two weeks out from the start of the event.

The FIFA World Cup 26 trophy is displayed during the UEFA Preliminary Draw at FIFA headquarters in Zurich, Switzerland, Friday, December 13, 2024. (AP Photo/Martin Meissner)
The FIFA World Cup 2026 trophy is coming to the US next year, as the final will be held at MetLife Stadium in New Jersey [File: Martin Meissner/AP Photo]

Source link