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Economy May 28, 2026

Iran Sells Subsidized Meat for Eid al-Adha Amid Economic Blockade

The Iranian government is selling subsidized meat for Eid al-Adha, a significant Islamic holiday, a…
The Lead-Up to Eid al-Adha Eid al-Adha, one of the most important dates in the Islamic calendar, comes at a critical time for Iranians this year. Meat from sacrificed animals is often eaten at Iranian tables, but a blockade on Iranian ports and sanctions by the US has led to escalating costs across the country. Subsidized Meat Sales A Tehran municipality body announced on Tuesday that each kilogramme of sacrificial meat would be sold at 7.4 million rials ($4.30) at designated shops. The price for a similar cut on the market can be more than three times that, depending on its quality and the location of the butchers. The Data Analysis According to the Statistical Center of Iran, year-on-year inflation stood at more than 73 percent in the first month of the Persian calendar year that ended in late April. Iranian rice was up by 173 percent and chicken by 191 percent in that month compared with a year before, while liquid cooking oil more than quadrupled. Year-on-year inflation: 73% Price increase in Iranian rice: 173% Price increase in chicken: 191% The Impact Analysis Price-control measures have been unable to adequately compensate for the ever-decreasing purchasing power of Iranian households living under local mismanagement and US sanctions. The minimum wage is currently less than $100 per month in Iran, making meat a luxury for many. The Prediction As Iran continues to face economic challenges, the government's move to sell subsidized meat for Eid al-Adha may help alleviate some of the financial burden on citizens. However, with inflation rates remaining high, it is uncertain whether this measure will have a lasting impact on the country's economic situation.
#Iran #Eid al-Adha #US Sanctions
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Entertainment May 27, 2026

Jamie Bell on Explicit Role in 'Half Man': 'Thank God for the Sex Scenes'

Actor Jamie Bell discusses his role in the explicit new drama 'Half Man,' revealing his relief at f…
The Explicit RoleNot many actors are relieved when they have to film an eye-poppingly explicit sex scene, but that was the case with Jamie Bell on Half Man. His role involved chemsex in saunas, dogging in car parks and illicit quickies in library loos. "Honestly, I was so grateful to be shooting that stuff and not fucking 16-page dialogue scenes, where you're emoting and it's so intense," says Bell. "On days when my character had to have sex with random people, I'd think: 'Thank God!' Frankly, it came as a welcome reprieve."The Creative PartnershipRichard Gadd's first TV show since the Emmy-gobbling global Netflix hit Baby Reindeer, Half Man chronicles the combustible, codependent relationship between two "brothers from another lover". Niall (Bell) is bookish, bullied and closeted. Ruben (Gadd) is the swaggeringly violent ex-con son of his mother's girlfriend. The six-part drama – which reaches its devastating finale next week – traces the inseparable duo's toxic relationship across three decades.The role of Niall was written specifically for Bell. "I didn't realise that when I initially read the scripts," says Bell. "But later, when I met Richard in Los Angeles to discuss it, he said he wrote it with me in mind. I was incredibly flattered … It's a sensory experience reading Richard's material. He truly takes you to those places in your own life. It probes experiences you've kept hidden away somewhere and chosen to forget."Character ComplexityHe was drawn to his Half Man character's complexity. "I thought: 'Woah, this man is on such a destructive downward spiral …' He's got everything he wanted in life but still can't accept who he is. Niall is living as several different people and he's not comfortable with any of them."Bell really empathised with gentle Niall being drawn to such an aggressive alpha male. "Ruben is this disaster of a man. A bull in a china shop, destroying everything and everyone in his wake. Why doesn't Niall step away? Partly self-preservation. Niall feels vulnerable whereas Ruben is intimidatingly powerful. He can be Niall's protector. People fear him. Because of that, Niall latches on to him almost parasitically. Ruben becomes his life support system. I understood that 100%."I grew up in an all-female household and did ballet, so I used to attach myself to tough, troubled guys too. Not my kind of crowd at all but I'd rather have them on my team than not."Themes of Toxic MasculinityNiall struggles with his sexuality to the extent that he undergoes conversion therapy. As a straight man, Bell felt an acute sense of responsibility portraying that. "It's the centre of the character," he says. "The basis of all his issues. I took that very seriously. Niall's self-hate goes beyond shame or societal pressure. Somehow, his own sexuality doesn't sit right within his worldview. That, to me, is beyond sad. 'Be yourself' is the simplest advice yet at times, the hardest to adhere to." As a result of his turmoil, Niall goes to some dark places sexually. "Because of his repression, everything is guarded and hidden. That becomes the excitement. It's an addiction. He gets a kick from dangerous sex."With its portrayal of male rage and damaged antiheroes, Half Man taps into debates about toxic masculinity. Does Bell believe his gender is in crisis? "Look at who are the majority transgressors in this world," he says. "It's men, on all fronts – not just misogyny but conflict, crime, everything. It's important to shine a light on that. The conversation is ongoing. Hopefully this show adds something."The ImpactIt's no-holds-barred TV, full of sex, violence and gut-punch plot twists. "It's a brutal, beastly thing that Richard has created," says Bell. "I'd be lying if I said it was easy or fun to make." Yet the show represents a significant moment in television, pushing boundaries in its depiction of complex male relationships and sexuality. Bell's performance as Niall, combined with Gadd's writing and performance as Ruben, creates a character study that resonates with contemporary discussions about identity, self-acceptance, and the destructive patterns that can emerge from unresolved trauma.
#Jamie Bell #Richard Gadd #Half Man
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Economy May 27, 2026

Nigeria's Eid Crisis: When a Ram Becomes a Luxury

As Eid al-Fitr approaches in Nigeria, skyrocketing ram prices have transformed a traditional religi…
The LeadIn Nigeria, the traditional practice of purchasing rams for Eid al-Fitr celebrations has become increasingly unattainable for many citizens due to soaring prices, creating what some are calling an 'Eid crisis' in the country.The Cultural and Economic ShiftEid al-Fitr, one of the most important religious celebrations for Muslims worldwide, traditionally involves the sacrifice of an animal, typically a ram or goat. In Nigeria, this practice has deep cultural and religious significance, with families often saving for months to afford a ram for the celebration. However, recent economic challenges have made this once-accessible tradition a luxury for many.Price Surge AnalysisMarket data reveals that the price of rams in Nigeria has increased by over 200% in the past year, with average prices now exceeding $300 per animal. This surge is attributed to multiple factors including inflation, fuel price hikes, and supply chain disruptions. In some northern regions, prices have reached as high as $500, making them inaccessible to average families.Impact on CommunitiesThe rising cost of rams has forced many Nigerian Muslims to either scale back their celebrations or forgo the traditional sacrifice altogether. This has created a divide between wealthier families who can still afford the tradition and those who must adapt their celebrations. Community leaders report increased requests for financial assistance to purchase rams, highlighting the economic strain on ordinary citizens.Future OutlookEconomists predict that without intervention, the Eid crisis may worsen as Nigeria continues to grapple with inflation and economic instability. Some suggest government subsidies or alternative livestock programs could help preserve the tradition while making it more accessible. However, long-term solutions will likely require addressing the root economic challenges facing the country.
#Nigeria #Eid #Ram
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Business May 27, 2026

Ousted BP Chair Manifold Denies Misconduct Claims Abrupt Dismissal

Former BP chair Albert Manifold disputes the company's claims of poor conduct after being dismissed…
The Lead: Sudden Dismissal of BP Chair Creates Leadership VacuumThe ousted chair of BP, Albert Manifold, has accused the oil company of firing him without warning and disputed reports about his conduct, amid the latest boardroom turmoil to rock the company. In an emailed statement, Manifold said he was "removed without warning and without explanation" by the FTSE 100 company, adding that he "disputes entirely the characterisation of my conduct and I will not allow a false narrative to go unchallenged."The Event Details: Abrupt Exit After Less Than a YearBP announced Manifold's departure with immediate effect on Tuesday after less than a year in the role, expressing serious concerns about his governance standards, oversight and conduct. Manifold was appointed as BP's chair in October 2025, after serving as chief executive of the Irish building materials company CRH. He was tasked with overseeing the continued change in the oil company's strategy, to refocus on fossil fuel extraction and ditch renewable energy investments after the company's abandoned attempt to reinvent itself as a net zero energy company under the former chair Helge Lund.The Corporate Governance Crisis: Pattern of Unacceptable Behavior?Manifold's behavior with different colleagues across the company was described as aggressive, according to reports. Reuters reported that the board received enough information after a whistleblower report to determine a pattern of unacceptable behavior, according to a source. The Financial Times reported that senior colleagues felt belittled by Manifold, while he was also seen as trying to exert control as if he were an executive rather than a chair. In his statement, Manifold said he "worked to drive genuine change at BP – cutting costs, challenging excess, and holding the organisation to higher standards" and added the board had "acknowledged the focus and pace" he brought.The Strategic Shift at BP: Return to Fossil FuelsManifold wasted little time on arrival at BP in ousting the chief executive, Murray Auchincloss, after less than two years in the role, and hired a former ExxonMobil executive, Meg O'Neill in December. O'Neill, who most recently served as the head of the Australian oil company Woodside Energy, joined BP at the start of April. O'Neill is BP's fifth chief executive since 2020 and is expected to accelerate the company's shift away from renewables. BP signalled on Tuesday it would continue the strategy after Manifold's departure, as it begins its search for its third chair in two years.The Market Reaction: Shares Slide on Leadership UncertaintyBP's share price slid further on Wednesday morning, after closing down 4% on Tuesday after the announcement of Manifold's departure. Rich McDonald, a financial markets presenter at the investing and trading platform IG, said Manifold's firing represented "another leadership shock at one of Britain's most important companies", prompting the question "whether BP is becoming increasingly ungovernable". The market reaction reflects investor concerns about the stability of BP's leadership during a critical strategic transition.The Future Outlook: Search for Permanent Chair Amid TurmoilThe board member Ian Tyler, a former chief executive of the FTSE 250 infrastructure group Balfour Beatty, has been appointed as the interim chair while a search for a permanent replacement takes place. BP now faces the challenge of finding a stable leadership team to execute its strategic shift away from renewables while maintaining investor confidence. The company's third chair in two years will inherit a company in transition, with questions about governance culture and strategic direction remaining unresolved.
#BP #Albert Manifold #Corporate Governance
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Business May 27, 2026

BHP’s Decarbonisation Delay Sparks WA Premier’s Moral Call to Mine‑Site Emissions

A senior BHP executive confirmed that the miner’s WA iron‑ore decarbonisation programme has stalled…
BHP Acknowledges Delay in WA Iron‑Ore Decarbonisation PlanA senior BHP executive admitted that the company’s push to cut emissions in Western Australia has been postponed. Tim Day, head of BHP’s WA iron‑ore operations, cited slow progress in electric trucking and rail technology as the main obstacle to replacing diesel, the biggest source of the mine’s emissions.Emission Reduction Targets and Financial Incentives1.7m tonnes of CO₂ could have been avoided each year by a scrapped iron‑ore processing plant – roughly the impact of 350,000 cars.BHP’s internal memo notes a “low probability of success” for its net‑zero by 2050 goal, despite a 36% drop in global emissions driven largely by projects outside Australia.The company received $622m in diesel tax concessions from the federal government, while paying under $9m for excess emissions under the safeguard mechanism last year.Implications for Australia’s Climate Goals and Mining LicenceThe slowdown threatens Australia’s national emissions‑reduction targets, as BHP’s WA operations remain a major diesel‑intensive source. Internal documents stress that rapid decarbonisation is “effectively underpins [WA iron ore’s] licence to operate, sustain and grow.” Premier Roger Cook warned that big miners have an “important moral obligation” to decarbonise, linking climate action to the social licence to operate.Future Outlook for BHP’s Net‑Zero RoadmapInternal scenarios consider initiating a transition as late as 2035 or 2040, highlighting the risk of reputational damage and potential derailment of the net‑zero pledge. Analysts note that BHP has done little to curb emissions from its Australian assets, suggesting that without stronger policy pressure or a shift in government subsidies, the company may continue to rely on diesel‑fuelled haulage for years to come.
#BHP #Roger Cook #Western Australia
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Politics May 27, 2026

US Confirms Veteran Naval Officer as Top Africa Envoy Amid Strategic Shift

The US Senate has confirmed veteran naval officer Frank Garcia as Assistant Secretary of State for …
Senate Confirms Garcia as Top Africa DiplomatThe US Senate this week confirmed veteran naval officer Frank Garcia as Assistant Secretary of State for African Affairs, ending a vacancy in Washington's top Africa-focused diplomatic post that lasted more than a year. The approval came as part of a wider bloc vote covering 49 nominees put forward by the Trump administration.The role is the most senior US diplomatic position in Africa, overseeing Washington's foreign policy and managing relations with all 54 African states.Garcia's Background and Confirmation ProcessGarcia, a former US Navy officer, served for 28 years. He spent approximately 15 years working with the House Intelligence Committee, focusing on African affairs and taking part in multiple visits to the continent alongside congressional delegations.He also served as chief of staff at the National Reconnaissance Office, the US agency responsible for designing and operating intelligence satellites. Between 2016 and 2021, he headed Via Stelle, a defense and intelligence consultancy.Garcia's nomination was approved by the Senate Foreign Relations Committee in March by 16 votes to six, with all opposition coming from Democratic senators at that stage. He was later confirmed by the full Senate, with several Democrats ultimately supporting the final vote.Geopolitical Significance of the AppointmentGarcia's appointment fills a longstanding gap in one of Washington's most strategically important diplomatic roles in Africa, at a time of growing global competition for influence across the continent. His profile has drawn scrutiny in some circles, with Nigerian newspaper The Whistler describing him as largely unknown among African policy and academic communities, noting that he has no significant published work on African affairs.The confirmation comes as the United States faces increasing competition with China and other powers for influence in Africa, particularly over access to critical minerals needed for clean energy technologies and electric vehicles.Shift from Aid to Trade in US Africa PolicyDuring his confirmation hearing before the Senate Foreign Relations Committee on March 5, Garcia said US policy in Africa had for too long prioritised aid and dependency, arguing that past commitments were often open-ended and 'focused on spreading divisive ideologies.'He said the administration, working through Secretary of State Marco Rubio, is shifting US engagement towards 'trade and investment for mutual benefit,' anchored in what he described as core US national interests and aligned with the 'America First' approach.Garcia pointed to the Lobito Corridor as an example of the new direction. He described the project as a model linking job creation, regional integration, and expanded commercial ties. He also said all US spending, including humanitarian and health assistance, would be assessed through the lens of its contribution to national security and economic interests.Future of US-Africa Relations Under New LeadershipThe Lobito Corridor, a strategic 1,300km (810-mile) rail and transport route linking the Atlantic port of Lobito in Angola to the mineral-rich regions of the Democratic Republic of the Congo and Zambia, represents the new direction of US policy in Africa.The corridor is being upgraded to move copper, cobalt, and other critical minerals more quickly from Central Africa to global markets, placing it at the centre of growing geopolitical competition over resources needed for electric vehicles and clean energy technologies.By offering a faster westward export route to the Atlantic, the project aims to reduce reliance on longer and costlier routes through southern and eastern Africa. The United States and European allies are backing the corridor as part of efforts to secure alternative supply chains for critical minerals, while China, which already holds significant influence over mining and infrastructure networks across Central and Southern Africa, remains a key competitor.That has turned the corridor into part of a broader contest over who controls access to Africa's strategic resources, with Garcia's appointment signaling a more assertive US approach to securing these vital resources and economic opportunities.
#Frank Garcia #US Senate #Africa
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Sports May 27, 2026

Glasner Urges Crystal Palace to Win Conference League Final and Claim Europa League Spot

Crystal Palace manager Oliver Glasner is urging his team to win the Conference League final against…
The Lead Oliver Glasner has urged Crystal Palace to win the Conference League final so they can take up the Europa League place denied them this season after they fell foul of Uefa's multi-club ownership rules. The Austrian manager, who is leaving at the end of the season, wants his players to secure European football for next year by defeating Rayo Vallecano in Leipzig. The Final Showdown Crystal Palace will face Rayo Vallecano in Leipzig on Wednesday night at the end of their first European campaign in Glasner's last match. The south London club, last year's FA Cup winners and Community Shield holders, were demoted to the Conference League after Uefa deemed John Textor had a controlling interest in both Palace and Lyon, who had also qualified for the secondary competition. Manager's Final Message Glasner, who previously won the Europa League with Eintracht Frankfurt in 2022, confirmed in January that he would leave at the end of the season. The manager revealed that Palace players had held a farewell party for him on Monday, when he backed them to win a third trophy in 12 months and secure a Europa League spot. "The best thing would be of course winning tomorrow because then the players would be in the Europa League next year and then we get what we should have got this year," he said. Transition Period Palace are hopeful of appointing Andoni Iraola as Glasner's replacement, although it is understood that the outgoing Bournemouth manager also has interest from Milan and Bayer Leverkusen. Pierre Sage, who led Lens to second place in Ligue 1 this season, is understood to be a contender if Iraola turns them down. The Palace captain, Dean Henderson, said losing Glasner would be "a huge miss" and noted that players had created a send-off video expressing their feelings. Fan Support More than 15,000 Palace supporters are expected in Leipzig, where a replica trophy has been on display at the city's Marketplatz. The team captain emphasized the special connection between the players and supporters that has developed under Glasner's management. "The team's got a special connection with the supporters and when I joined the football club I felt like that was distant," Henderson said. "It's good to see since the manager has come in we've built that rapport with the supporters because I think it's important. They can really help us tomorrow night." Opponent's Perspective Rayo Vallecano, managed by Iñigo Pérez (Iraola's former assistant), operate on a fifth of Palace's budget. Pérez acknowledged the financial disparity but emphasized his team's shared football traits with Palace. "I think we share football traits with Crystal Palace," he said. "The effort, the collective … For me, Crystal Palace is a dream rival. I think that beyond the money comparisons, we must represent the Vallecas neighbourhood. Maintaining our identity will be the right approach."
#Crystal Palace #Oliver Glasner #Conference League
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Education May 26, 2026

Manchester University to Offer Work Placements to All Undergraduates

The University of Manchester is set to offer work placements to all undergraduates, regardless of t…
The University of Manchester's New Initiative The University of Manchester is promising work placements to all undergraduates – regardless of their degree – to better equip them for the challenges of the current job market. This move appears to be a first for a large Russell Group institution. Details of the Placement Program Manchester’s vice-chancellor, Duncan Ivison, emphasized that no student should graduate having done three years of just academic study. Instead, “every single student [should] have a chance to put their learning into context – an internship, a placement, a joint project or an exchange”. The program aims to provide “meaningful real-world experience” to all students, from classics to chemical engineering. The initiative includes placements, short internships, live employer projects, or work with public or community organizations. The Data Analysis The plan comes as graduates increasingly struggle to find work after leaving university, some with debts of more than £50,000. Those who do get work are often in low-paid roles in hospitality or retail, rather than traditional graduate jobs. 32,000 undergraduates are currently enrolled at Manchester University. In 2024-25, almost a quarter of undergraduate courses gave students the option of a placement of at least a year. The Impact Analysis Nick Hillman, the director of the Higher Education Policy Institute, welcomed the initiative but raised feasibility concerns due to the large number of students and employers involved. He noted that some universities, such as Aston and Loughborough, have always embedded employment into their courses. The Prediction Vivienne Stern, chief executive of Universities UK, welcomed the initiative, stating that the jobs market is changing rapidly and universities have an important role to play in preparing students for the world of work. Libby Hackett, the chief executive of the Russell Group, also supported the move, highlighting its significance in equipping graduates to navigate the changing workplace.
#University of Manchester #Work Placements #Undergraduates
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Business May 26, 2026

BP Ousts Chairman Albert Manifold Over Governance and Conduct Concerns

BP’s board removed chairman Albert Manifold after only eight months, citing serious governance and …
Executive Summary: Board Acts Decisively on Governance AlarmBP announced the immediate removal of Albert Manifold as chairman, stating that “serious concerns” about governance standards, oversight and conduct had been raised. The decision follows a turbulent period of leadership turnover at the London‑based energy group.Manifold’s Sudden Removal Amid Governance AlarmManifold served as BP chair for only eight months, appointed in October 2025.Board cited “important governance standards, oversight and conduct” issues without further detail.Ian Tyler, former Balfour Beatty chief and board member since 2025, named interim chair.Activist hedge fund Elliott, holding ~5% of BP, had backed Manifold’s appointment.Manifold’s exit follows the 2023 dismissal of CEO Bernard Looney and the abrupt departure of his successor Murray Auchincloss in December 2025.Share Price Slumps Following Chair’s ExitBP stock fell 4.2% on U.S. exchanges and 4.4% on the London Stock Exchange on the day of the announcement.Investor sentiment already fragile after BP’s underperformance versus peers and a failed AGM resolution in April 2026.The market reaction underscores heightened sensitivity to governance instability at major oil companies.Board Turmoil Signals Deeper Governance Challenges at BPThe removal adds to a pattern of rapid leadership changes: three CEOs since 2020 and now a new interim chair. Analysts note that:BP’s board size has been reduced, potentially concentrating decision‑making power.Proxy adviser Glass Lewis previously linked Manifold to the exclusion of a climate activist resolution, hinting at governance friction.Shareholder support for Manifold’s chair appointment was only about 82%, below the near‑unanimous norm.These factors suggest lingering tensions between the board, activist investors, and climate‑focused shareholders.What’s Next for BP’s Leadership and Strategic DirectionWith Ian Tyler as interim chair, BP is expected to:Accelerate the appointment of a permanent chair who can restore confidence among investors and activists.Continue the strategic pivot announced by former CEO Meg O’Neill toward a renewed focus on oil and gas, while managing expectations around renewable investments.Address governance concerns through tighter oversight mechanisms and clearer conduct policies.Stakeholders will watch closely for any further board reshuffles or policy changes that could affect BP’s long‑term value and its ability to navigate the energy transition.
#BP #Albert Manifold #Elliott
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