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Turkish authorities have detained 1,133 people across Turkey since the start of protests five days ago against the detention of Istanbul Mayor Ekrem Imamoglu, Interior Minister Ali Yerlikaya said on Monday. The detention last Wednesday of Imamoglu, President Tayyip Erdogan’s main political rival, has triggered the biggest street protests in Turkey in more than a decade. On Sunday, a court jailed him, pending trial, on corruption charges that he denies. Despite bans on street gatherings in many cities, the mostly peaceful anti-government demonstrations continued for a fifth consecutive night on Sunday, with hundreds of thousands taking part. Yerlikaya said 123 police officers had been injured during the protests so far, adding that the government would not allow “the terrorising of the streets”. Those detained include nine journalists who covered overnight protests in several cities, the Journalists’ Union of Turkey said on Monday. It was not immediately clear why the journalists were detained. An Agence France Presse (AFP) staff photographer is among the detained journalists, the union said in a post on X. Imamoglu’s main opposition Republican People’s Party (CHP) has been calling for protests against the court decision to arrest the mayor, which they label as politicised and undemocratic. Imamoglu has denied the charges he faces as “unimaginable accusations and slanders” and has also called for nationwide protests. Erdogan said last week that the government would not accept “the disruption of public order”. His government denies that the investigations are politically motivated and says the courts are independent. Omer Celik, spokesperson for Erdogan’s ruling AK Party, said on Monday the CHP’s call for protests was aimed at covering up the opposition’s shortcomings. “Democratic protest is a (fundamental) right, but the language used by the CHP is not the language of democratic protest,” Celik said. JAILED ‘FOR NO REASON’ Imamoglu, 54, was jailed pending trial on Sunday, as the CHP held a primary election to name him presidential candidate. Some 15 million votes were cast in support of the mayor. News of Imamoglu’s arrest covered the front pages of Turkish newspapers on Monday, with opposition media suggesting the mayor was arrested for being the most credible challenger to Erdogan. The mayor’s supporters said on Monday the jailing of Imamoglu demonstrated a lack of justice in Turkey. “I think there is an injustice committed against Imamoglu. They put the man in prison for no reason,” said Adem Bali, a 22- year-old construction worker. Cigdem Tatlica, an unemployed 50-year-old, said she believed there was no justice in Turkey. “This system cannot continue like this.” In an address to the demonstration in Istanbul’s Sarachane district in front of the municipality building, CHP leader Ozgur Ozel said on Sunday that they would continue the protests until Imamoglu was released. Huseyin Hayatsever and Ali Kucukgocmen, Reuters
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E-Commerce
After nearly 13 years leading PepsiCo design, its first chief design officerMauro Porciniis departing the company. (Previous to PepsiCo, he was the first designer named to a chief design officer role at 3M.) Under Porcini, design at the PepsiCo family of brands has seen a significant glow up. He arrived shortly after 2008s disastrous Pepsi rebrand during the era of flat design. And he spent the next decade investing in more internal talentsuccessfully arguing that the approach would actually save the company money while offering stronger creative autonomy. Porcini opened a flagship design center in NYC in 2012, then following its success, he added 18 more across the world, creating a team that swelled to 400 designers globally. Pepsis revenue has grown 40% over that time, while its stock has tripled. Porcini is leaving on two particular high notesa well received black and blue Pepsi rebrand launched in 2023, and a new Mountain Dew that embraced its Appalachian roots last year. He also published the business memoir The Human Side of Innovation: The Power of People in Love with People, in 2022. Porcinis next move is still unknown. Meanwhile, weve reached out to PepsiCo to inquire if the company intends to hire a new chief design officer and will update this story if we hear back.
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E-Commerce
StubHub’s 2024 revenue surged 29.5%, it reported on Friday in its U.S. initial public offering paperwork, as the online ticketing marketplace moves ahead with its long-sought New York flotation. A handful of companies are moving ahead with stock market listings despite volatility arising from uncertainty around U.S. trade policy. Nvidia-backed startup CoreWeave and Swedish fintech Klarna are among the companies gearing up to go public in New York. StubHub, one of the biggest secondary ticketing marketplaces for live events, will sell new shares in the proposed offering, it said. Its revenue jumped to $1.77 billion in 2024, compared with $1.37 billion a year earlier, thanks to higher ticket sales. New York-based StubHub swung to a loss of $2.8 million in 2024, compared with a profit of $405.2 million in 2023. “StubHubs filing follows on the recent filings of other high-profile deals set to go public soon, including CoreWeave and Klarna. This indicates a recovering U.S. IPO market with owners seeing a window of opportunity to go public,” said IPOX CEO Josef Schuster. “StubHub remains one of the most closely watched IPOs this year and ahead of FIFA 2026.” Founded in 2000, StubHub’s ticketing marketplace allows fans to buy tickets for live events. Buyers from over 200 countries purchased over 40 million tickets on its platform in 2024. CEO Eric Baker left StubHub ahead of its $310-million sale to e-commerce firm eBay in 2007. Baker in 2006 launched viagogo, a rival ticket reseller. Over a decade later, in 2020, viagogo bought StubHub from eBay for $4.05 billion. In 2022, StubHub and viagogo completed the integration of their businesses. StubHub’s major shareholders include buyout firm Madrone Capital and venture capital firm Bessemer Venture Partners. StubHub, which has tapped over 10 Wall Street banks for the IPO, will list on the New York Stock Exchange under the symbol “STUB.” J.P. Morgan and Goldman Sachs are the lead underwriters. IPO proceeds will be used to repay debt and for general purposes. Arasu Kannagi Basil, Reuters
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E-Commerce
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