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Germany is cutting financial support for charities that rescue migrants at risk of drowning in the Mediterranean, saying it will redirect resources to addressing conditions in source countries that spur people to leave.

For decades, migrants driven by war and poverty have made perilous crossings to reach Europe’s southern borders, with thousands estimated to die every year in their bid to reach a continent grown increasingly hostile to migration.

“Germany is committed to being humane and will help where people suffer but I don’t think it’s the foreign office’s job to finance this kind of sea rescue,” Foreign Minister Johann Wadephul told a news conference.

“We need to be active where the need is greatest,” he added, mentioning the humanitarian emergency in war-shattered Sudan.

Under the previous left-leaning government, Germany began paying around 2 million euros ($2.34 million) annually to non-governmental organizations carrying out rescues of migrant-laden boats in trouble at sea.

For them, it has been a key source of funds: Germany’s Sea-Eye, which said rescue charities have saved 175,000 lives since 2015, received around 10% of its total income of around 3.2 million euros from the German government.

Chancellor Friedrich Merz’s conservatives won February’s national election after a campaign promising to curb irregular migration, which some voters in Europe’s largest economy see as being out of control.

Even though the overall numbers have been falling for several years, many Germans blame migration-related fears for the rise of the far-right Alternative for Germany (AfD), now the second largest party in parliament.

Many experts say that migration levels are mainly driven by economic and humanitarian emergencies in the source countries, with the official cold shoulder in destination countries having had little impact in deterring migrants.

Despite this, German officials suggest that sea rescues only incentivize people to risk the sometimes deadly crossings.

“The (government) support made possible extra missions and very concretely saved lives,” said Gorden Isler, Sea-Eye’s chairperson. “We might now have to stay in harbor despite emergencies.”

The opposition Greens, who controlled the foreign office when the subsidies were introduced, criticized the move.

“This will exacerbate the humanitarian crisis and deepen human suffering,” said joint floor leader Britta Hasselmann.

This post appeared first on cnn.com

It must have been the last thing NATO’s chief needed.

Late Tuesday, on the eve of a crucial summit that would lock in a generational investment in NATO’s defense, Donald Trump’s Truth Social account pinged with a single photo: a gushing message signed “Mark Rutte,” written in a carbon-copy Trump style and overflowing with sycophantic praise for the US president.

“You are flying into another big success in the Hague this evening,” Rutte’s message read.

“Europe is going to pay in a BIG way, as they should, and it will be your win,” he continued.

“You will achieve something NO American president in decades could get done.”

While the diplomatic world has bent toward many norms of the Trump White House, this was extreme.

Doubling down on the comments the following day, saying Trump deserved credit for his actions on Iran and NATO, Rutte waded through many observers’ incredulity at his kowtowing tone. But as the summit crescendoed, there was a growing sense he may have pulled off a diplomatic masterstroke.

Bromance

Rutte, the former Dutch prime minister, is no stranger to dealings with Trump, having deployed his easy charm in several visits to Washington, DC, during Trump’s first term.

Exuding an easygoing, relaxed image – his signature boyish grin never far from his face – Rutte’s charm offensive echoes that of other NATO leaders.

French President Emmanuel Macron has charted up a boisterous bromance with Trump; Finnish President Alex Stubb bonded with him over rounds of golf, and Italian far-right Prime Minister Giorgia Meloni has won a reputation as something of Trump whisperer: She’s a “fantastic woman,” in Trump’s words.

Rutte’s message – signed with his surname – perhaps spoke of a less pally relationship. So did one of Trump’s reactions Wednesday: “I think he likes me. If he doesn’t, I’ll let you know. I’ll come back and I’ll hit him hard,” Trump announced in his Wednesday news conference.

But in The Hague, Rutte seemed ready to do anything to burnish the US president’s ego and save him face.

Trump’s decision to attack Iran’s nuclear program was “extremely impressive,” the NATO chief told Trump. “The signal it sends to the rest of the world that this president, when it comes to it, yes, he is a man of peace, but if necessary, he is willing to use strength.”

Time and again around the summit, Rutte’s interjections soothed Trump’s passage – softening his landing after a fiery “f**k” at Iran and Israel’s latest exchange of missiles lit up international headlines.

Rutte’s response: a jokey aside in front of the world’s cameras.

“Daddy has to sometimes use strong language,” he said beside Trump, after the US president used the analogy of two children fighting to describe the conflict between Iran and Israel.

Rutte later said he wasn’t referring to Trump as “daddy” but was merely using a metaphor.

The Dutchman didn’t spare praise for Trump’s strikes on Iran – a conflict technically outside the NATO wheelhouse – as the president railed against suggestions in a leaked government assessment that undercut his claim the strikes “obliterated” parts of Iran’s nuclear program.

“I do think this is a kind of hold-your-nose moment. Ensure there are no fireworks in The Hague. Get a good photo op and go home,” she added.

Beyond Rutte, the whole summit was sculpted around Trump.

Slimmed down, the schedule featured a single session for leaders; experts have suggested this was for Trump, who earlier this month skipped the ending of the G7 summit, missing a meeting with Ukrainian President Volodymyr Zelensky.

Of course, the summit result is largely pre-ordained, after rounds of pre-negotiations to ensure the leaders had to only rubber-stamp declarations.

Ukraine’s war with Russia – by far the most pressing issue on NATO’s agenda – was also excised from the summit’s final declaration, the first time it has been missing since Russian President Vladimir Putin’s full invasion of Ukraine in 2022.

Even the crown jewel of the gathering, the promise to spend 5% of gross domestic product on defense (split into core defense requirements and 1.5% on defense-related spending by 2035), was a Trump-branded product.

Back in January, Trump lofted the idea of a 5% spending target for NATO members, a figure that hadn’t been given serious consideration before, as members limped towards 2%.

“They can all afford it. They’re at 2% but they should be at 5%,” he told journalists.

The ends, not the means

But Rutte may have had the last laugh.

The summit was, by all accounts, a win for NATO: Members unanimously agreed to boost spendings to post-Cold War highs – and thanked Trump for it.

Spain was a notable exception, pushing for softened language that may have left a loophole for the Iberian nation to meet its responsibilities for NATO military capabilities without having to spend 5% of GDP. (The final summit declaration signed by NATO members referred only to “allies” in its clauses on spending, while others spoke of commitments “we” will make.)

Leaders – led, of course, by Rutte – singled out Trump as the sole pressure responsible for finally corralling NATO allies to previously unthinkable spending targets.

Boosted defense spending “is the success of President Donald Trump,” Polish President Andrzej Duda told journalists at the summit.

“Without the leadership of Donald Trump, it would be impossible,” he added.

His Lithuanian counterpart suggested a new motto for the alliance, “Make NATO great again,” as he welcomed the pressure Trump had levied on stingy allies.

Everybody wins

But in public, comment on Rutte’s messaging to Trump was largely off limits, with leaders waving off or swerving around questions.

Finland’s president wouldn’t be drawn on the NATO secretary general’s messages, but he said, however, “Diplomacy has so many different forms.”

Casualties – particularly from diplomatic skirmishes with Trump – were fewer than expected. Only Spain caught flak from the US president over its foot-dragging over the 5% GDP spend.

“It’s terrible what they’ve done,” Trump said, threatening to use trade talks to force Madrid into line. “We’re going to make them pay twice as much,” he said.

Even Zelensky – who has had a turbulent relationship with Trump – came away with wins.

While he stopped short of committing further US aid to Ukraine, Trump suggested Kyiv may see future Patriot missile system deliveries from the United States – and he slammed Putin as “misguided,” conceding the Russian leader may have territorial designs that extend further than Ukraine.

Finally, Trump’s own views on NATO – often a prickly subject for the famously transactional president – saw a reversal.

“These people really love their countries,” Trump said of the NATO leaders at his news conference concluding the NATO summit. “It’s not a rip-off, and we’re here to help them protect their country.”

“I came here because it was something I’m supposed to be doing,” he added, “but I left here a little bit different.”

This post appeared first on cnn.com

Israeli forces shot dead a Palestinian teenager in the West Bank on Wednesday, Palestinian health authorities said, as settler violence against Palestinians surged in the occupied territory.

The military shot 15-year-old Rayan Tamer Hawshiya in the neck, the Ministry of Health in Ramallah said, after troops raided Al Yamoun, near Jenin. Residents in the northern town reported “heavy Israeli gunfire,” according to the minstry.

The Israeli military said that “terrorists hurled explosive devices at IDF forces” in Al Yamoun on Wednesday, adding that no IDF injuries were reported.

Separately, a 66-year-old Palestinian woman died from injuries after Israeli police shot her in the head in occupied East Jerusalem, according to local media reports.

Zahia Joudeh al-Obeidi “succumbed to her wounds” after Israeli police stormed Shuafat refugee camp, Palestinian news agency WAFA reported.

Israeli police said they launched an investigation into the circumstances of the death of an “East Jerusalem resident,” adding that the resident was “pronounced dead” by medical officials upon arrival at Shuafat checkpoint.

The killings came on the heels of a spate of attacks in the West Bank town of Kafr Malik, where Israeli settlers set fire to Palestinian homes and vehicles in what one Israeli opposition politician called a “violent Jewish pogrom.” Several people were killed and wounded, according to Palestinian and Israeli authorities.

The details of the deaths in Kafr Malik are unclear. The Palestinian foreign ministry said the settlers opened fire on Palestinian residents, while Israeli authorities said there was a firefight between Palestinian gunmen and Israeli security forces.

At least three Palestinians were killed and several were wounded, according to Palestinian officials. The Israeli military said “several” people were killed in the central town, but did not specify whether they were Palestinian or Israeli.

Israel has ramped up military operations in the West Bank, displacing thousands of Palestinians and razing entire communities as it targets what it says are militants operating in the territory.

Last year, Israeli Defense Minister Israel Katz said the state “must deal with the threat (in the West Bank) just as we deal with the terrorist infrastructure in Gaza, including the temporary evacuation of Palestinian residents.” He later warned that the tens of thousands of Palestinians who have fled their West Bank homes would not be allowed to return.

Human Rights Watch has accused Israel of inflicting “massive, deliberate displacement of Palestinian civilians” and making “much of the territory unlivable” in violation of international law.

Israeli settlers have also increased attacks on Palestinian communities and their properties, according to the United Nations’ human rights office.

Israeli troops or settlers have killed at least 947 Palestinians, among them 200 children, in the West Bank, including East Jerusalem, between October 7, 2023 and June 12, the UN reported on June 20. Between October 7, 2023 and June 26, at least 39 Israeli civilians have been killed in the West Bank, according to Israeli government officials.

Israel has occupied the West Bank since seizing the territory from Jordan in 1967. In late May, the Israeli government approved the largest expansion of Jewish settlements in the area in decades. The settlements are considered illegal under international law,

‘Stripped of basic dignity’

The IDF said security forces were deployed to the scene after “dozens of Israeli civilians” had set properties on fire. On arrival, the IDF said, the security forces were met with gunfire and rocks hurled by what it described as “terrorists” and they returned fire.

“Hits were identified, and it was later reported that there were several individuals injured and fatalities,” the IDF said, adding that five Israelis were arrested.

Israeli opposition politician Yair Golan condemned the settler attack, saying: “What happened this evening in Kafr Malik was a violent Jewish pogrom – dozens of rioters set fire to homes and vehicles, and assaulted Palestinians and security forces.”

Shortly after the violence in Kafr Malik, there was another settler attack close to the nearby village of Taybeh, according to the Israeli rights organization B’Tselem, which shared footage of masked men torching a parked car. Three people were injured and three cars were set on fire, it said.

A third settler attack took place around Jericho, according to the Palestine Red Crescent Society, which said eight people were injured due to smoke inhalation after a house was set on fire.

A UN official warned there has been “no respite” for Palestinian people in the northern West Bank, where he accused Israel of imposing “systematic forced displacement” on refugee communities in “violation of international law.”

“Out of the spotlight of the regional escalation, camps in the northern West Bank have faced ongoing destruction, with dozens of buildings demolished in the last twelve days,” Roland Friedrich, the director of affairs for UNRWA, the UN agency for Palestine refugees in the West Bank and East Jerusalem, posted on X on Wednesday.

“Even now, Israeli security forces are continuing to demolish homes and buildings in Jenin, Tulkarm, and Nur Shams camps. Stripped of basic dignity, many families have not even been able to save their belongings ahead of anticipated bulldozing.”

This post appeared first on cnn.com

Bumble shares rallied more than 26% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.

The layoffs will result in $13 million to $18 million in charges for the company hitting in the third and fourth quarters of this year. Management estimates that the reductions will help the company save $40 million annually.

A Bumble spokesperson said in a statement to CNBC that the layoffs were “not made lightly.”

“Our focus now is on moving forward in a way that strengthens our core business, continues to serve our members effectively, and positions us for future growth,” they wrote.

Bumble said the cuts are part of a reconfiguration of its “operating structure to optimize execution on its strategic priorities.” The company plans to invest savings into new product and technology development.

Shares of the dating app company have plunged since their debut on the public markets in 2021. Its market value has plummeted from $7.7 billion to about $538 million as of Tuesday’s close.

Founder Whitney Wolfe Herd, who stepped down as CEO at the beginning of 2024, returned to the role earlier this year.

Along with the job cuts, Bumble updated its previously announced forecast for the current quarter.

The company now expects revenue to range between $244 million and $249 million, and adjusted earnings before interest, taxes, depreciation and amortization between $88 million and $93 million.

That’s up from the $235 million to $243 million in revenue and $79 million to $84 million in adjusted EBITDA forecast with Bumble’s first-quarter results last month.

This post appeared first on NBC NEWS

Editor’s Note: Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters.
In the US: Call or text 988, the Suicide & Crisis Lifeline.
Globally: The International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world.

Japan has executed a man dubbed the “Twitter killer,” who was convicted of murdering and dismembering nine people, mostly women, in the country’s first use of capital punishment in nearly three years.

Takahiro Shiraishi, 34, was hanged Friday at the Tokyo Detention House. He was sentenced to death in 2020 after pleading guilty to killing the nine people – eight women and one man.

Shiraishi was arrested in October 2017 after police searched his home in the city of Zama in Kanagawa prefecture, on the outskirts of Tokyo, to investigate the disappearance of a 23-year-old woman who had expressed suicidal thoughts on social media, including Twitter, now known as X.

The high-profile mass murder case had gripped the nation for years and raised concerns over the use of social media.

The nine victims were aged between 15 and 26, according to Japanese public broadcaster NHK and TV Asahi, which both cited court proceedings. The victims had posted online that they wanted to kill themselves, and were subsequently contacted by Shiraishi through social media platforms, NHK and TV Asahi reported.

Using a handle which loosely translates as “hangman,” Shiraishi invited them to his apartment in Zama, promising to help them die, the Jiji news agency reported, citing the indictment.

Shiraishi pleaded guilty to murdering the victims, saying in court that he had killed them to satisfy his own sexual desires, NHK and TV Asahi reported.

He was found guilty in December 2020 of murdering, raping and dismembering the nine victims, and storing their bodies in his apartment.

Shiraishi’s lawyer appealed the ruling to the Tokyo High Court, but he later withdrew the appeal and the sentence was finalized, NHK reported.

“This case, driven by selfish motives such as sexual and financial gratification, resulted in the deaths of nine individuals over two months – a deeply serious incident that has caused shock and anxiety across society. I understand it is an especially heartbreaking case for both the victims and their families,” Justice Minister Keisuke Suzuki told reporters Friday at a press conference.

Shiraishi’s execution is the first the country has seen since July 2022, NHK reported.

In Japan, the death penalty is delivered by hanging, with execution dates not made public until after the penalty is carried out. Executions are shrouded in secrecy with little to no warning, and families and lawyers are usually notified only after the execution has taken place.

“The death sentence was finalized following a thorough trial process. After careful and deliberate consideration of all factors, I issued the execution order,” Suzuki said.

This is a developing story and will be updated.

This post appeared first on cnn.com

More than a third of the population of Tuvalu has applied to move to Australia, under a landmark visa scheme designed to help people escape rising sea levels.

The island nation – roughly halfway between Hawaii and Australia – is home to about 10,000 people, according to the latest government statistics, living across a clutch of tiny islets and atolls in the South Pacific.

With no part of its territory above six meters, it is one of the most at-risk places in the world to rising seas caused by climate change.

On June 16, Australia opened a roughly one-month application window for what it says is a one-of-a-kind visa offering necessitated by climate change. Under the new scheme, Australia will accept 280 visa winners from a random ballot between July and January 2026. The Tuvaluans will get permanent residency on arrival in Australia, with the right to work and access public healthcare and education.

“The opening of the Falepili Mobility Pathway delivers on our shared vision for mobility with dignity, by providing Tuvaluans the opportunity to live, study and work in Australia as climate impacts worsen,” Australian Foreign Minister Penny Wong said in a statement.

According to Tuvalu’s Prime Minister Feleti Teo, more than half of Tuvalu will be regularly inundated by tidal surges by 2050. By 2100, 90% of his nation will be regularly under water, he says.

Fongafale, the nation’s capital, is the largest and most populated islet in Tuvalu’s main atoll, Funafuti. It has a runway-like strip of land just 65 feet (20 meters) wide in some places.

“You can put yourself in my situation, as the prime minister of Tuvalu, contemplating development, contemplating services for the basic needs of our people, and at the same time being presented with a very confronting and disturbing forecast,” Teo told the United Nations Oceans Conference this month in Nice, France.

“Internal relocation in Tuvalu is not an option, we are totally flat,” the prime minister said on June 12. “There is no option to move inland or move to higher ground, because there is no higher ground.”

The visa scheme is part of a broader pact signed between Australia and Tuvalu in 2023, which binds Australia to defending Tuvalu both militarily and against rising seas.

Tuvalu, which claims 900,000 square kilometers of the South Pacific, is considered by Canberra as a crucial player in its ongoing struggle with China for regional influence.

Recognition is something Australia has said it will guarantee for Tuvalu, even if nobody can live there in the future. “The statehood and sovereignty of Tuvalu will continue, and the rights and duties inherent thereto will be maintained, notwithstanding the impact of climate change-related sea-level rise,” their treaty reads.

In 2022, at COP27 in Sharm El-Sheikh, Egypt, Tuvalu announced that it sought to become the first nation in the world to move entirely online. The government has since developed a plan to “digitally recreate its land, archive its rich history and culture and move all government functions into a digital space.” Australia now recognizes Tuvalu’s “digital sovereignty,” which the country hopes will allow it to “retain its identity and continue to function as a state, even after its physical land is gone.”

Australia’s Prime Minister Anthony Albanese said last year his country shared a vision for a “peaceful, stable, prosperous and unified region.”

“It shows our Pacific partners that they can rely on Australia as a trusted and genuine partner.”

Australia’s support for the Pacific island nation has stood in stark contrast in recent months to US President Donald Trump’s administration, which has imposed sweeping crackdowns on climate policies and immigration.

Tuvalu is among a group of 36 countries that the Trump administration is looking to add to the current travel ban list, according to the Associated Press.

The ban fully restricts entry of nationals from 12 countries: Afghanistan; Myanmar, also known as Burma; Chad; Republic of the Congo; Equatorial Guinea; Eritrea; Haiti; Iran; Libya; Somalia; Sudan; and Yemen. People from seven countries also face partial restrictions: Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela.

The 36 countries, including Tuvalu’s Pacific neighbors Tonga and Vanuatu, had been told to commit to improving vetting of travelers and take steps to address the status of their nationals who are in the United States illegally or face similar restrictions, the AP reported, citing a diplomatic cable sent by the State Department.

This post appeared first on cnn.com

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the move could undermine important safeguards.

Known as the enhanced supplementary leverage ratio, the measure regulates the quantity and quality of capital banks should be keeping on their balance sheets. The rule emanated from a post-financial crisis effort to ensure the stability of the nation’s largest banks.

However, in recent years as bank reserves have built and concerns have grown over Treasury market liquidity, Wall Street executives and Fed officials have pushed to roll back the requirements. The regulations targeted treat all capital the same.

“This stark increase in the amount of relatively safe and low-risk assets on bank balance sheets over the past decade or so has resulted in the leverage ratio becoming more binding,” Fed Chair Jerome Powell said in a statement. “Based on this experience, it is prudent for us to reconsider our original approach.”

The Fed board put the proposal open for a 60-day public comment window.

In its draft form, the measure would call for reducing the top-tier capital big banks must hold by 1.4%, or some $13 billion, for holding companies. Subsidiaries would see a larger drop, of $210 billion, which would still be held by the parent bank. The standard applies the same rules to so-called globally systemic important banks as well as their subsidiaries.

The rule would lower capital requirements to range of 3.5% to 4.5% from the current 5%, with subsidiaries put in the same range from a previous level of 6%.

Current Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller released statements supporting the changes.

“The proposal will help to build resilience in U.S. Treasury markets, reducing the likelihood of market dysfunction and the need for the Federal Reserve to intervene in a future stress event,” Bowman stated. “We should be proactive in addressing the unintended consequences of bank regulation, including the bindingness of the eSLR, while ensuring the framework continues to promote safety, soundness, and financial stability.”

On the whole, the plan seeks to loosen up banks to take on more lower-risk inventory such as Treasurys, which are now treated essentially the same as high-yield bonds for capital purposes. Fed regulators essentially are looking for the capital requirements to serve as a safety net rather than a bind on activity.

However, Governors Adriana Kugler and Michael Barr, the former vice chair of supervision, said they would oppose the move.

“Even if some further Treasury market intermediation were to occur in normal times, this proposal is unlikely to help in times of stress,” Barr said in a separate statement. “In short, firms will likely use the proposal to distribute capital to shareholders and engage in the highest return activities available to them, rather than to meaningfully increase Treasury intermediation.”

The leverage ratio has come under criticism for essentially penalizing banks for holding Treasurys. Official documents released Wednesday say the new regulations align with so-called Basel standards, which set standards for banks globally.

This post appeared first on NBC NEWS

The Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each season.

While terms of the deal weren’t disclosed, Tennis Channel CEO Jeff Blackburn told CNBC in an interview there was a “pretty big step up in our payments” to the WTA for the U.S. media rights, which includes international tournaments and the WTA Finals event. The new agreement lasts through 2032.

“Our goal and mission is to just cover pro tennis and the game of tennis like no one else, every day, every hour, all year round. There’s no offseason,” Blackburn said. “WTA plays a huge role in that and it was a big priority for me to make sure that we renewed our relationship and extend it as long term as we were able.”

The exclusive rights renewal comes as the Tennis Channel is in the midst of a transition on several fronts.

Last year, longtime Tennis Channel CEO Ken Solomon was ousted from the company. Blackburn stepped into the role in early May, following a 24-year career at Amazon, where he helped to build out Prime Video and expand the streaming service into sports, among other businesses.

Meanwhile, Sinclair, the owner of broadcast stations as well as the Tennis Channel, had recently considered offloading the network, CNBC previously reported. The parent company, however, is no longer exploring a sale of the Tennis Channel, particularly since Blackburn has taken the helm, according to a person familiar with the matter who spoke on the condition of anonymity to discuss nonpublic details.

In the backdrop, the Tennis Channel, like its network peers, is contending with the continued loss of customers from the pay-TV bundle. While live sports garner the biggest audiences — and leagues have reaped huge rights payouts as a result — media companies are focused on growing the profitability of their streaming businesses.

In 2014 the 24/7 tennis network took its first step into streaming with Tennis Channel Plus, and later in 2022 introduced Tennis Channel 2, a free, ad-supported streaming channel. While Blackburn said Tennis Channel 2 has been successful and attracted a younger audience, he is focused on beefing up the Tennis Channel’s recently launched direct-to-consumer streaming app.

The app, which launched in November 2024, costs $9.99 a month or $109.99 annually and offers the same programming as the pay-TV network. Media companies are increasingly offering the same live sports featured on pay-TV networks on their counterpart streaming alternatives — most notably with the launch of Disney’s flagship ESPN app later this year.

“What’s important about the partnership is that they’re committing to doing more with us,” said Marina Storti, CEO of WTA Ventures, the commercial arm of the WTA. “They’re committed to that increased exposure across all of their platforms. They’re committed to ensuring this kind of equal exposure for women and men, where they have the rights. And they’re making a significant commitment. There is a substantial increase in the rights fees, which is a big milestone for us as part of our plan and commitment to growing.”

The Tennis Channel’s agreement with the WTA covers a large swath of the WTA’s tournaments outside of North America through the season-closing WTA Finals.

The audience for WTA events on the Tennis Channel has been growing, particularly among the younger demographic. Viewership among 18- to 34-year-olds on the Tennis Channel has grown annually for each of the past two years, according to a news release.

The deal comes as American female tennis players have shot to the top of global rankings and women’s sports in general have seen a rise in popularity and investment funding.

Already in 2025, two American women have won two of the top majors: Madison Keys took the Australian Open in January, and Coco Gauff was crowned the winner of the French Open in June. Gauff and Keys will be among the participants at Wimbledon, which kicks off on Monday.

“Tennis is really the only major sport where the men’s and women’s game is on equal footing, and that’s really important,” said Blackburn. “I think for tennis it makes it unique. The growth of women’s sports overall? Maybe basketball and soccer will get there, but I think tennis is way ahead in terms of providing that for the fan.”

The Tennis Channel 2 free streaming option has earmarked every Tuesday as “Women’s Day” — showing only women’s match coverage — and Blackburn highlighted the network’s roster of heavy-hitting female talent, including former players and Hall of Famers Martina Navratilova and Lindsay Davenport, among others.

The deal extension also builds on WTA Ventures’ recent efforts to grow its commercial revenue and build the profiles of its athletes.

In 2023 the WTA formed a strategic partnership with private equity firm CVC Capital Partners, which invested $150 million for a 20% stake in the newly created WTA Ventures. The entity was formed to focus on growing commercial revenue through sponsorships and media rights deals, with the goal of tripling its revenue by 2029.

In 2024 WTA Ventures said it expected to increase revenue by 24% in its first full year.

The media rights extension marks the first renegotiation with the Tennis Channel under the WTA Ventures framework. The WTA’s long-standing media rights deal with streaming service DAZN expires at the end of next year, and talks have begun for new deals that would begin in 2027, said Storti.

WTA Ventures said its global audience surpassed 1 billion viewers on broadcast and streaming last season, and Storti said the U.S. is among one of the WTA’s biggest growth markets, along with China and Poland.

“We are a completely mass-market product that attracts hundreds of millions of fans across the world, and I would say we deliver a product that stands kind of shoulder to shoulder with the men counterpart,” Storti said.

The WTA has also recently emphasized improvements for players.

This year it’s has announced a paid maternity leave funded by the Saudi Public Investment Fund, as well as a new policy allowing players to protect their rankings during fertility treatments

Still, tennis is not without its issues of disparity. While the U.S. Open awarded equal prize money to men and women beginning in 1973, it was decades ahead of Wimbledon and other majors. And while equal prize money is given at the majors level, there’s still a considerable pay gap at lower-level tournaments.

The sport also drew criticism around the 2025 French Open when the majority of prime-time slots went to men’s matches.

This post appeared first on NBC NEWS

Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) (‘Westport’ or ‘The Company’) announces that the Company will release Q2 2025 financial results on Monday, August 11, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 12, 2025.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI842f3b76bd5b44c7aee3e609a6cc77b3  
Webcast: https://investors.westport.com

Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

The webcast will be archived on Westport’s website and a replay will be available at https://investors.westport.com

Light-Duty Divestment Transaction Update

Westport today reaffirms its commitment to the pending sale of its Light-Duty Segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (‘Heliaca Investments’), a Netherlands based investment firm supported by Ramphastos Investments Management B.V. a prominent Dutch venture capital and private equity firm (the ‘Transaction’), first announced in March 2025. The closing of the Transaction is now expected to occur in July 2025, slightly later than originally anticipated. The revised timeline reflects an updated regulatory review process. The Company continues to work closely with all parties as the remaining conditions to close are finalized.

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.westport.com .

Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@westport.com

News Provided by GlobeNewswire via QuoteMedia

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