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Mbappé takes first step into club ownership when his company buys second-division French team Caen

CAEN, France (AP) — French soccer great Kylian Mbappé took his first step into club ownership when his company completed a takeover of second-division team Caen. The club says Interconnected Ventures, a company founded by the Real Madrid striker, bought a majority stake in the French team based in Normandy through its investment arm, Coalition

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Extortion and gang violence are hitting even big corporations and business leaders in Mexico

Associated Press CIUDAD VICTORIA, Mexico (AP) — Even Mexico’s largest corporations are now being hit by demands for protection payments from drug cartels, and gangs are increasingly trying to control the sales, distribution and pricing of certain goods. Well-known, high-ranking business leaders aren’t even safe. The problem came to a head last week when the

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Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

AP Airlines Writer Boeing has a new chief executive. The company says aerospace industry veteran Robert “Kelly” Ortberg will take over as CEO next week, replacing David Calhoun. Boeing announced Ortberg’s hiring on Wednesday as it reported a second-quarter loss of more than $1.4 billion. The company’s revenue was even lower than Wall Street’s dismal

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China sanctions US Rep. McGovern for ‘interference’ in its domestic affairs

Associated Press BANGKOK (AP) — China has sanctioned another U.S. lawmaker for “frequently interfering” in China’s domestic affairs. The sanctions against Rep. Jim McGovern include freezing any Chinese assets, prohibiting anyone in China from working with him and denying him a visa to enter the country. The move is symbolic, since the Massachusetts Democrat has

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Spiraling drone-spying scandal at Olympics risks damage to Canadian soccer ahead of 2026 World Cup

AP Sports Writer PARIS (AP) — Canada has lost its appeal against the deduction of six competition points following a drone-spying scandal in the Olympic women’s soccer tournament. The Court of Arbitration for Sport on Wednesday said its panel of three judges dismissed Canada’s appeal and confirmed the six-point deduction imposed last weekend by FIFA.

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China is restricting export of drones that can be used for military purposes and some drone features

Associated Press BANGKOK (AP) — China will ban the export of all unregulated civilian drones that can be used for military purposes or in terrorist activities and restrict certain drone features. The new regulations come as Beijing faces repeated Western criticism for its stance on the Russian invasion of Ukraine. The Commerce Ministry said Wednesday

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