Olympics brings on its first beer brand as a global sponsor – Budweiser’s AB InBev
LONDON (AP) — The International Olympic Committee has signed Anheuser-Busch InBev as the first beer brand in the 40-year history of its sponsorship program, which earns billions of dollars for the organization and international sports.
The deal was announced Friday by the IOC and AB InBev — the Belgium-based brewing giant whose brands include Budweiser, Corona, Michelob and Modelo — for the next three Summer and Winter Games. The on July 26, and the deal also includes the 2026 Winter Games
US intensifies oversight of Boeing, will begin production audits after latest mishap for planemaker
The Federal Aviation Administration says it will increase oversight of Boeing and audit production of the 737 Max 9 jetliner after a panel blew off an Alaska Airlines plane in midflight last week, the latest in a string of mishaps at the .
The FAA said Friday that it would judge whether Boeing and its suppliers followed approved quality procedures.
The FAA also said it’s reconsidering a longstanding practice of relying on employees at aircraft manufacturers to perform some safety analysis of planes. Members of Congress criticized the practice of deputizing Boeing employees
Why are Canada’s passenger trains so slow?
In today’s Big Story Podcast, if you compare us to similar countries, it’s an embarrassment. Other nations have high-speed rail corridors shuttling thousands of people across distances between cities at speeds of up to 300 km/h. They are fast, sleek and almost always on time. Even the United States, which hasn’t bothered to do much of anything with its vast resources, has better, faster trains than we do.
If you ride Via Rail on its busiest corridors,
IRS says it collected $360 million more from rich tax cheats as its funding is threatened yet again
WASHINGTON (AP) — The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires as the agency’s leadership tries to promote the latest work it has done to modernize the agency with Inflation Reduction Act funding that Republicans are threatening to chip away.
Leadership from the federal tax collector held a call with reporters Thursday to give updates on how the agency has used a portion of the tens of billions of dollars allocated to the agency through Democrats’ Inflation Reduction Act, signed into law
Texas Department of Public Safety helicopter crashes near Mexican border with minor injury reported
SPOFFORD, Texas (AP) — A Texas Department of Public Safety helicopter patrolling the state’s border with Mexico crashed Thursday night, according to a statement by a DPS spokesperson.
The single-engine helicopter with a pilot and co-pilot on board crashed about 7:20 p.m. near Spofford in Kinney County after “a total loss of power,” according to the statement on X, formerly Twitter, by DPS Lt. Chris Olivarez.
The co-pilot suffered a minor hand injury and
France’s youngest prime minister holds 1st Cabinet meeting with ambition to get ‘quick results’
PARIS (AP) — France’s , Gabriel Attal, held his first Cabinet meeting on Friday with one motto: “work, work, work,” according to President Emmanuel Macron’s office.
The , 34, the youngest premier in France’s history, leads a relatively small team of 14 ministers who gathered at the presidential palace, the Elysee, around Macron.
The government will be reinforced within the next 10 days by additional junior ministers, Macron’s office said, adding that
Burberry’s share price drops 10% as luxury brand warns about trading over crucial Christmas period
LONDON (AP) — Burberry, the London-based luxury goods fashion house, lost around 10% of its market value on Friday after it warned that profits this year would be lower than anticipated as wealthy shoppers, particularly in the Americas, tightened their belts during the crucial Christmas trading period.
In a statement, the company said its recent trading had been hit by a continued “slowdown in luxury demand” after rises in the cost of living and interest rates around the world.
“We experienced a further deceleration
Mass killer who says his rights are violated should remain in solitary confinement, Norway says
COPENHAGEN, Denmark (AP) — Norway’s government insisted on Friday that Anders Behring Breivik, a right-wing extremist who killed 77 people in a , remains dangerous and should stay in solitary confinement, rejecting his claim in a suit that his human rights are being violated.
“There is a great danger of violence and that he will inspire others. That is why he has to serve his time under strict security measures,” Andreas Hjetland, a government lawyer, said on the last day of
“There
Indonesia and Vietnam discuss South China sea and energy issues as Indonesian president visits
HANOI, Vietnam (AP) — Indonesia’s president visited Hanoi on Friday for talks with his Vietnamese counterpart on maritime security in the , bilateral cooperation and environmental issues.
The meeting was aimed at bolstering security and economic ties between Hanoi and Jakarta amid China’s growing influence in the region.
After meeting Indonesia’s Joko Widodo, Vietnamese President Vo Van Thuong issued a statement stressing the need for stability in the South China Sea. The two countries’ delegations also signed a document on closer cooperation between their fisheries and
Corus reports $32.7M Q1 profit, up from $31.4M a year earlier, revenue down 14%
TORONTO — The chief executive of Corus Entertainment Inc. says the television and radio broadcaster is beginning to see signs of improved advertising demand following a turbulent 2023, but that it’s too early to predict the timeline of a full recovery.
The recent Hollywood strikes, which have since been resolved, resulted in revenue declines across all advertising categories during the company’s most recent quarter which ended Nov. 30, CEO Doug Murphy said Friday.
He said certain advertising revenue streams took a hit from other