Azul Gets First-Day U.S. Court Approvals in Chapter 11 Process
Azul said it received interim court approvals related to the company's chapter 11 petitions filed in the U.S.
The court granted approval for the Brazilian airline operator to access $250 million of its $1.6 billion debtor-in-possession financing after a first-day hearing.
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Bloomberg
9 minutes ago
- Bloomberg
Peru Lima Inflation Index Surprisingly Falls in May
Inflation in Peru's capital fell slightly in the month of May, surprising economists who were forecasting a small increase. Consumer prices fell 0.06% month-on-month, compared to the median forecast of 10 economists who expected inflation to rise 0.13%. On an annual basis, the inflation index rose slightly to 1.69%, lower than the 1.87% forecast.


New York Times
2 hours ago
- New York Times
Matheus Cunha to Manchester United
Manchester United have confirmed they have reached an agreement to sign Matheus Cunha from Wolverhampton Wanderers. The 26-year-old Brazilian will move to Old Trafford after signing a five-year deal with an option of a further year, and United met the terms of his £62.5million ($83.7m) release clause. As part of this summer's transfer coverage on The Athletic, in addition to breaking news, tactical analysis and in-depth reads, our Transfers TLDR series will bring you a quick guide to each of the key deals. Born in Joao Pessoa, Brazil, Cunha's journey has taken him across Europe. His career outside of his home country began at Swiss club Sion in July 2017. Ten goals in 32 matches led him to RB Leipzig a year later but, after a middling season and a half, he moved to German Bundesliga rivals Hertha Berlin in January 2020. Advertisement Fourteen goal contributions in 28 matches in 2020-21 persuaded Atletico Madrid to take a punt. He made only 11 starts in one-and-a-half seasons, then joined Wolves on loan in January 2023 before a permanent move in the summer. Cunha registered 27 goals and 13 assists across 65 Premier League matches over his two full seasons at Molineux. Anantaajith Raghuraman Cunha wears his heart on his sleeve, so expect to see plenty of passionate goal celebrations, exasperated arm waves at team-mates and feisty arguments with opponents. When in his groove, a slaloming run past four defenders before being hauled down or a curling effort from range is to be expected, too. But don't expect 20 league goals — or a clean disciplinary record. Anantaajith Raghuraman Cunha adequately fits the left attacking midfield role in Ruben Amorim's 3-4-2-1 thanks to his willingness to drop deep and drive with the ball. Cunha understands the tempo of matches, knowing when to race forward or decelerate, and is smart with his passes. United need Cunha's ability to take games by the scruff of the neck. Capable of playing as a centre-forward too, he is a clinical finisher, with a 60 per cent Opta-defined 'big-chance' conversion rate across the past two league seasons — higher than Cole Palmer (53 per cent), Alexander Isak (49), and Mohamed Salah (48). Anantaajith Raghuraman Cunha did not miss a match because of injury in 2024-25. His previous notable injury was in February 2024 when a hamstring problem ruled him out for seven weeks. Before that, he sustained a knee injury at Atletico that kept him on the sidelines for six weeks in 2022. Anantaajith Raghuraman Speaking to The Athletic's Jack Lang, former Coritiba team-mate Henrique Vermudt said: 'When he arrived — in the under-15s — we could all see he was talented, but nothing out of this world. He was just a good, solid player. 'But when he started playing for the under-20s, he changed. He turned from water into wine. He came back from his holidays in Paraiba and he was just… different. We all joked with him: 'Man, what did you do to get so good all of a sudden?'' Anantaajith Raghuraman Cunha has signed a five-year contract, with an option of a further year. United have spent £62.5million and, while they'll pay the fee in three instalments over two years, the cost on the books is spread across that five-year contract. By signing on June 1, one month's worth of the fee hits United's books in 2024-25, alongside Cunha's wages estimated to be around £200,000 per week (with pension and national insurance costs borne by United on top of that). Chris Weatherspoon Cunha's signing adds £1.9m to United's accounts in 2024-25. The forward will then cost £24.3m a year over the next five seasons — £12.3m in annual transfer fee amortisation and £12m per year in employment costs, if going by the £200,000-per-week estimate. The total cost of the deal, spanning transfer fee and wages, is estimated at £123.5m. From Wolves' perspective, the £62.5m fee translates to a profit of £41m, booked immediately in the club's 2024-25 accounts and PSR calculation. They'll also save around £570,000 in employment costs between now and the end of June. Chris Weatherspoon

Miami Herald
2 hours ago
- Miami Herald
Popular fast-food burger chain to open first store in new market
Americans might be addicted to this fast-food burger chain's crispy, thin steakburgers, iconic shoestring seasoned fries, and frozen custards, but it's about to find out if it can outdo beloved foreign rivals. Since its inception in 2002, it has grown to over 550 locations across 36 states nationwide, with another 130+ locations in development for 2025 and 2026. Don't miss the move: Subscribe to TheStreet's free daily newsletter Although it has expanded its footprint immensely, the chain has signed many development deals over the last few years to reach 800 restaurants by 2026. Related: Starbucks faces huge new rival However, after many decades of serving its U.S. customers, it decided it was time to enter new markets. It accelerated its goal by signing three international development deals over the last few years. Image source: Shutterstock Freddy's Frozen Custard & Steakburgers sealed a Master Franchise and Development Agreement with franchisees Jim Werschler and Gregg Most of North 49 Frozen Custard and Steakburgers in 2022. It also partnered with the development group Steakburger North to bring the chain to Winnipeg, Manitoba, Canada. The following year, Freddy's signed another development agreement with ZZA Hospitality to open five new restaurants in Alberta, Canada. Related: Another fast-food burger chain is quietly closing locations In 2024, the fast-food chain signed a deal with local franchisee John Hall and operating partner Turner Ethans of Steakburger North to open restaurants across Winnipeg over the next three years, with the first restaurant set to open in 2025. "The Winnipeg community has always been very enthusiastic to try new restaurant concepts, and we're ready to introduce Freddy's in a way that feels local and authentic, with our focus on amazing service," said Hall in a press release. Nearly three years later, the day has finally come. Freddy's announced it will open its first-ever restaurant in Winnipeg, Manitoba, on June 3 as part of its 2022 agreement with North 49 Frozen Custard and Steakburgers. International expansion plans look to be a trend among fast-food chains, and many aim for a summer deadline. More Food News: Popular chicken chain brings back beloved menu item after 7 yearsChick-fil-A brings back fan favorite menu item and surprise additionDunkin' menu makes major changes to rival Starbucks In May, TGI Fridays revealed it will relaunch in the UK on July 4 after filing for Chapter 11 bankruptcy protection in November last year. Yum! Brands' (YUM) Taco Bell is opening its first restaurant in Ireland this summer, and Chipotle (CMG) signed a development agreement to open its first-ever restaurant in Mexico in 2026. Freddy's has yet to provide any updates on future restaurant openings in Canada. Nonetheless, it created an Instagram account for the region and made a post expressing its excitement to welcome customers at the opening of its first-ever Canada restaurant location. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.