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The LeadHS2, the UK's flagship high-speed rail project, has officially become the most expensive infrastructure endeavor in British history, with costs soaring to £102.7bn and trains potentially not running until 2039. Transport Secretary Heidi Alexander has labeled the original design a "massively over-specced folly" and the cost increases "obscene," yet continues to defend the project despite its clear failures.The Escalating Costs of HS2The project's financial trajectory has been nothing short of disastrous. What began as a more modest proposal has now ballooned to over £100bn, with trains potentially delayed until 2039—decades after initial promises. To put this in perspective, the cost has escalated so dramatically that it dwarfs even other famously extravagant projects like Trump's White House renovations or Dubai's Burj Khalifa. Despite nine different transport secretaries overseeing the project since its inception, the budget has consistently spiraled out of control, with no end in sight.Political Failures and MismanagementSuccessive UK governments have failed to take responsibility for this unfolding disaster. The project originated as a "vanity project" of the David Cameron coalition, with fundamentally flawed design choices including the wrong route, wrong speed, and improper termini. Prime Ministers from Cameron to Johnson to Sunak have all lacked the political courage to cancel the project, with Sunak merely scrapping the Manchester leg, making what remains even worse value for money. Civil servants and advisors have been overwhelmed by the 30,000-strong HS2 bureaucracy, while oversight bodies like the National Audit Office have failed to provide adequate scrutiny.The Case for CancellationThe strongest argument for HS2 is its cancellation. With no track laid and only two viaducts completed out of 52, the project is still in its early stages. The £44bn already spent should be treated as "sunk costs," and the focus should shift to more beneficial investments. Contrary to claims that cancellation would be prohibitively expensive, there's no logical scenario where the £60bn still planned for HS2 would provide better value than reallocating those funds elsewhere. Cancellation would also free up valuable urban development sites around London Euston and Birmingham's Curzon Street, which currently resemble construction disaster zones.Alternative Investments for Britain's FutureThe funds currently committed to HS2—potentially over £100bn—could transform Britain's infrastructure landscape. Instead of focusing on marginal time savings for journeys between London and Birmingham, the government could invest in re-signaling, electrification, and urban transit systems. Britain currently has only nine tram networks or metros, compared to France's 30 and Germany's 60. The annual £7bn HS2 budget could build new hospitals, schools, care centers, youth clubs, and courtrooms across the nation—investments that would address far more pressing needs than marginally faster rail travel for a small segment of the population.

Lead: A Manager’s Unusual CelebrationMikel Arteta chose a backyard barbecue over the live broadcast when Arsenal clinched the Premier League, describing the experience as "building a fire" while his family celebrated the historic triumph.Garden Fire and Family Joy: The Moment Arsenal Won the TitleArteta headed to the training ground to watch Manchester City’s draw at Bournemouth with his squad, but 20 minutes before kick‑off he returned home, unable to bear the tension. In his garden he lit a fire, barbecued, and heard his son Gabriel announce, “We’re champions, Daddy.” His wife and other children joined, creating a personal celebration separate from the players.Numbers That Matter: Breaking a 22‑Year DroughtFirst league title for Arsenal in 22 years.Three consecutive runners‑up finishes prior to this season.Arsenal’s historic comeback solidifies their place at the top of the Premier League table.Why It Changes Arsenal’s NarrativeThe victory underscores Arteta’s emphasis on perseverance, humility and resilience—values he says were as important off the pitch as on it. By confronting his own doubts about being “good enough,” Arteta set a tone of vulnerability that resonated with the squad, fostering a culture that could sustain future success.Looking Ahead: Champions League Ambitions and Squad OutlookWith Arsenal hopeful that Jurriën Timber will be fit for the upcoming Champions League final against Paris Saint‑Germain, and Mikel Merino back in training, Arteta’s next challenge is to translate domestic dominance into European glory. The manager’s focus remains on staying humble, curious, and goal‑oriented as the club prepares for the Budapest final.

The LeadAnxious Arsenal fans around the world were glued to their screens when Manchester City's draw at Bournemouth crowned the North London club as Premier League champions – but Mikel Arteta, who led Arsenal to their first league title in 22 years, was not watching.The manager had planned to be at Arsenal's training centre in London Colney to watch the game with his players, but could not find the energy to make the trip, and chose to stay at home.The Unconventional Celebration"I went outside to the garden, I started to build some fire. I started to do some barbecue, I didn't watch any of it," Arteta told reporters on Thursday.After finishing second three times in a row, Arteta heard the news of their long-awaited triumph from his eldest son, Gabriel, who plays for Arsenal's Under-18 side."My eldest son opened the garden door, he started to run towards me. He started to cry, gave me a hug and said, we are champions, daddy," Arteta said."Then my other two boys and my wife came over, and it was beautiful, just to see the joy on them as well."Videos shared by Arsenal on social media showed players dancing and chanting at their training centre after their league title was confirmed with a game to spare."It was their moment. And they have to be themselves in that moment. And if I'm there, I think it wasn't going to be the same," Arteta said.Arsenal captain Martin Odegaard called Arteta soon after, asking where the manager was."I said, guys, enjoy for a while and see you in a few hours somewhere in London," Arteta recalled with a smile.The Manager's JourneyIt is Arteta's first league title as manager, and he admitted that he doubted himself during a high-pressure campaign, where they were often a slip-up away from losing their lead in the title race."To play with that on your back constantly is not easy. That has been one of the toughest moments... we showed very important values not only in sport, but in life. Which is perseverance, to be resilient, to be composed in moments when people are doubting," he said."And to be vulnerable. I've asked that question to myself, am I good enough to lead these players to win a major trophy? Until you do it, you cannot validate yourself."The Team's MomentumArteta said the mood in the club had changed after winning the Premier League, buoying the team's confidence ahead of a Champions League final against Paris Saint-Germain on May 30."It changes because the level of emotion you feel, it's something I haven't felt before," he said.The Final ChapterArsenal will conclude their league campaign and lift the trophy at Crystal Palace on Sunday."We will have a window to celebrate and lift the trophy and connect with the people we have constantly around us. Then we have six days to write new history in this football club," Arteta added.

The Paris Court of Appeal ruled Thursday that Airbus and Air France are "solely and entirely responsible" for the June 1, 2009 crash of flight AF447, marking the first manslaughter conviction in the tragedy that claimed 228 lives. The Paris Court of Appeal Convicts Airbus and Air France of Manslaughter The court ordered each victim’s family to receive 225,000 euros (approximately $261,720), the maximum corporate manslaughter fine under French law. While the amount is largely symbolic, the judgment reverses a 2023 lower‑court acquittal and re‑opens the legal battle over responsibility for the disaster. Financial Penalties and Compensation Calculations Fine per victim: €225,000 Total potential payout: €51.3 million (≈ $59 million) for all 228 victims Legal costs: Not disclosed, but both companies face extensive appeal expenses Implications for Aviation Safety Oversight and Corporate Liability The ruling underscores growing pressure on manufacturers and airlines to address known technical flaws—specifically the pitot‑tube sensor issues that contributed to the crash. Prosecutors, led by Rodolphe Juy‑Birmann, argued that both firms were aware of the defect yet failed to mandate high‑altitude training for pilots. Industry observers warn that the decision could trigger stricter regulatory scrutiny across Europe, prompting airlines to reassess training programs and sensor‑replacement schedules. Potential Appeals and Industry Repercussions Ahead Airbus announced it will appeal to France’s highest court, contending that the finding contradicts the 2023 acquittal. An appeal could extend the legal saga for years, keeping the case in the public eye and influencing future litigation strategies for aerospace firms. Should the conviction stand, it may set a precedent for holding manufacturers criminally liable in aviation accidents, potentially reshaping insurance models and prompting more proactive safety investments. Timeline of Key Events June 1 2009 – Flight AF447 disappears over the Atlantic, killing 228 people. 2011‑2015 – Deep‑sea search recovers black boxes; investigations reveal pitot‑tube malfunction. April 2023 – Lower court acquits Airbus and Air France of manslaughter. May 21 2026 – Paris Court of Appeal convicts both companies and imposes fines.

The Record-Breaking Quarter Nvidia has announced record quarterly profit and revenue amid explosive demand for its advanced AI chips. The US tech behemoth said on Wednesday that profit soared to $58.3bn for the February-April period, up 37 percent from the previous quarter and more than 200 percent year-on-year. Revenue jumped to $81.6bn, up 20 percent from the prior quarter and 85 percent compared with the same period in 2025. Nvidia forecast revenue for the current quarter to hit $91bn, more than most analysts' estimates. The AI Chip Surge Nvidia's data-centre business was the main driver of growth, with quarterly revenue surging 92 percent year-on-year to $75.2bn. The Santa Clara, California-based chip giant's hardware unit racked up revenue of $6.4bn, up 29 percent from the previous year. In a sweetener for shareholders, the world's most valuable company said it would buy back an additional $80bn in shares and raise its quarterly cash dividend from $0.01 a share to $0.25 per share. Nvidia CEO Jensen Huang hailed the "extraordinary" results as proof of the growing utility of AI. "Demand has gone parabolic," Huang said in a conference call with investors and analysts. "The reason is simple. Agentic AI has arrived," Huang said, referring to the advent of semi-autonomous AI models. "AI can now do productive and valuable work." Market Expectations vs Reality Despite once again blasting past analysts' expectations, Nvidia's latest results received a muted market response. Shares in Nvidia fell nearly 1.3 percent in after-hours trading, an indication of the sky-high expectations attached to a company whose blistering growth since 2022 has lifted its market capitalisation to more than $5 trillion. "Expectations are very high, and when a company like Nvidia has been doing as well as it has for so long, it takes a lot for people to get excited," Jay Goldberg, a senior analyst for semiconductors and electronics at Seaport Research, told Al Jazeera. "That's just kind of the nature of Wall Street." "All these stocks have run a lot this year, but a lot of it is driven by press releases," Goldberg said, adding that tech firms have yet to demonstrate a "broad-based consumer case" for AI. The AI Valuation Debate Nvidia's spectacular rise and the sky-high valuations of other tech giants, such as Microsoft and Amazon, have stirred discussion about whether AI is overhyped and creating a massive market bubble. William Rhind, the CEO and founder of New York-based investment firm GraniteShares, said the muted reaction showed that expectations had "caught up to fundamentals." "Nvidia is no longer beating a high bar – it is the bar," Rhind told Al Jazeera. Rhind said the bullish case for Nvidia nonetheless remains strong, pointing to the dividend hike and share buyback scheme as signs of a company with "more cash than it can possibly redeploy into the business". "When the marginal use of capital starts shifting toward buybacks and dividends, you're watching a hypergrowth story begin to mature in real time," he said. "That's not bearish – it's a different kind of bullish." Future Outlook John Belton, a portfolio manager at Gabelli Funds, said Nvidia's latest results should not "dramatically shift the story one way or another". "Overall, another solid earnings," Belton told Al Jazeera, saying the results mirrored the "strong numbers" of previous quarters "albeit without any new earth-shattering developments." As Nvidia continues to dominate the AI chip market, the company faces the challenge of maintaining its extraordinary growth trajectory while navigating increasing scrutiny about whether current valuations reflect sustainable business fundamentals or speculative enthusiasm.

The Impact of AI on Chip Supply Chains BT has warned that the cost of smartphones could rise as technology companies buy up semiconductor chips due to the boom in artificial intelligence, putting pressure on supply chains. Chip Shortages and Price Increases The telecoms company’s chief executive, Allison Kirkby, said she was anticipating shortages as tech firms bought large quantities of memory chips to power the datacentres relied on by AI. Kirkby added that price increases would mainly hit smartphone handsets, but could also affect the cost of routers. The Data Analysis Memory chips are essential for almost every modern item of electronics and are also used in other important components such as graphics cards. The largest manufacturers of laptops and phones, including Microsoft, Samsung and Dell, have already begun to put up prices in response to the chip shortages and have pulled cheaper models from the market. Sony has also hiked the price of its PlayStation 5 consoles, including a $100 (£75) increase in the US, while Nintendo has confirmed a price rise for its Switch 2. The Impact Analysis A global investment spree in AI has led to a huge expansion of server farms, enormous banks of computers filled with high-end memory chips. These requirements are not only consuming the world’s current supply of chips, but also production capacity for the coming years, creating shortages and driving up the cost of electronics. The Prediction Kirkby said she had not yet seen price increases from premium handset manufacturers, but expected companies such as Apple to pass higher costs on to customers. BT plans to cut costs by a further £700m over the next four years and reported flat full-year earnings and falling revenues.

The LeadEleven weeks after the start of the Iran war, the Strait of Hormuz has remained closed to naval traffic, bleeding the global economy far beyond the Gulf. Iran's Islamic Revolutionary Guard Corps (IRGC) maintains an iron grip over this narrow, strategic waterway, while a corresponding United States naval blockade on Iranian ports has failed to reopen it.Before the war began, between 120 and 140 ships travelled through the strait each day, about half of them oil tankers carrying some 20 million barrels of oil between them. Now, only a few vessels whose owners have negotiated with the IRGC are permitted to pass.The Strategic Control of HormuzOn Wednesday, Iran said it coordinated the transit of 26 vessels through the Strait of Hormuz in 24 hours, two days after announcing the formation of the Persian Gulf Strait Authority (PGSA), a new body to provide "real-time updates" on operations in the strait.Since the announcement of a temporary ceasefire between the US and Iran in April, Iran has been working on formalising a mechanism to charge a transit fee from ships crossing the critical chokepoint, through which 20 percent of the world's oil and liquefied natural gas (LNG) are shipped during peacetime.Tehran has reportedly already charged fees as high as $2m per ship for transit since the war started. Even though countries opposing Tehran say this is illegal, it may still be less expensive than the overall cost of the closure of the strait each day.The Economic Cost of BlockadeNearly one-fifth of global oil and LNG exports were shipped by Gulf producers through the Strait of Hormuz before the US and Israel bombed Iran on February 28, triggering the Iranian closure of the waterway. The strait is the only waterway linking Gulf producers to the open ocean – there is no other route through which they can ship exports.About 20.3 million barrels per day of oil passed through the Strait of Hormuz in peacetime – nearly 27 percent of global maritime oil trade. The lion's share of that crude went to Asian markets.Global LNG trade has been similarly hard hit. On the day before the war broke out, Brent crude – the global benchmark for oil prices – closed at $72.48 per barrel. After Iran closed the waterway on March 4 and began attacks on vessels attempting to sail through, traffic came to a standstill, stranding about 2,000 ships on either side of the strait.In terms of lost oil revenues, this amounts to $114.8bn of losses per day. About 10 billion cubic feet of LNG per day also used to pass through the strait, worth a further $7.8bn.The Cost-Benefit Analysis of Transit FeesFor hundreds of ships stranded in the Gulf with thousands of sailors on board, the cost of remaining anchored is steep, including crew wages, loan repayments, repair and management, coupled with inflated war risk premiums.In turn, Iran has reportedly been charging up to $2m for authorisation to pass. Experts say many will see this as worthwhile purely in terms of monetary cost."There is no doubt that paying Iran is cheaper than a continuous blockade because a sitting tanker bleeds money," said Nader Habibi, an Iranian American economist."It makes sense from an economic point of view, but it is not politically feasible," he added. "The companies are under pressure from the US sanctions and not to make arrangements with Iran. This is not just a purely economic cost-benefit analysis, but long-term considerations that are taken into account."International Legal PerspectivesInternational law protects free transit through strategic waters such as natural straits like Hormuz, barring countries from imposing passage tolls even where the waterways fall entirely into territorial waters, like in the case of Hormuz.However, services such as security controls, inspections and insurance regimes can be charged for. Chargeable fees also partly depend on whether a waterway is a man-made passageway or a natural one.These are three different precedents in maritime traffic flow:Panama Canal: An artificial waterway connecting the Atlantic and Pacific oceans. Vessels pass through a unique system of locks that raise and lower vessels across elevated terrain. Since Panama built, maintains and operates the canal, it can charge transit fees based on vessel size, cargo capacity and booking priority. These range from several hundred thousand dollars per transit to some slots sold for millions of dollars.Suez Canal: Another artificial canal, linking the Mediterranean and Red seas. Egypt charges transit fees for the use of canal infrastructure, maintenance and traffic management services through the narrow waterway. Container ships and oil tankers pay from several hundred thousand dollars to more than one million dollars per voyage.Turkiye's Bosporus Strait and Dardanelles: These are different because they are natural straits, rather than man-made canals. Turkiye charges for navigation-related services such as lighthouse operations, rescue readiness, medical support and traffic management – and tightly controls ship scheduling and navigation.Regional Cooperation PossibilitiesIran's newly-formed PGSA published a new map of Hormuz, stretching from Kuh-e Mubarak in Iran to south of Fujairah, in the UAE, at the eastern entrance of the strait, and from the tip of Qeshm Island to Umm al-Quwain at the western entrance.Given how the Iran war has spilled over into the Gulf region – with the UAE taking the brunt of Iranian strikes – economist Mohammad Reza Farzanegan said "regional cooperation with Iran is the most realistic path to stable transit through the Strait of Hormuz."The UAE, Oman, Qatar and Iran will have to work together because their economies require it, he argued. A workable arrangement could include a joint maritime authority, shared monitoring, emergency coordination, environmental protection and service-based contributions for maintaining safe passage."This would give Iran a recognised role in the security of the waterway while giving Persian Gulf economies more predictability," Farzanegan added. "Such a framework is also more realistic than relying on external military enforcement, which has been more a source of trouble for these states."The Future OutlookWhile it may seem that the economics of the closure of the strait are currently skewed towards Iran, Aniseh Tabrizi, an associate fellow on the Middle East and North Africa Programme at think tank Chatham House, noted that "the economics by itself is not going to be the driver to change calculation or move from the current standpoint."She emphasized that Iran and the US need to reach a "diplomatic compromise, with other calculations linked in to the economic factor", before there can be an end to the energy supply crisis.Farzanegan added that if the world expects stable access to the Strait of Hormuz, then paying Iran could well be accepted as the price of keeping the vital waterway predictable. "From an economic perspective, a negotiated transit arrangement [with Iran] now makes more sense than continued closure," he concluded.

The Lead Elon Musk's SpaceX has revealed plans for a highly anticipated $1.75tn (£1.3tn) flotation next month as he seeks investor backing for his quest to make life “multiplanetary”. SpaceX's Financial Performance SpaceX is a sprawling business, encompassing the eponymous rocket launch company, the Starlink satellite broadband service, Musk’s xAI artificial intelligence startup and the social media platform X, formerly known as Twitter. The entire business lost $4.9bn in 2025 on revenues of $18.7bn. Revenue is growing, however, rising by a third on 2024. The Data Analysis SpaceX's losses have widened since the start of the year, losing $4.3bn in the first quarter, compared with a loss of $528m in the same period last year. The company is split into three segments: space, which incorporates the rocket launch business whose clients include Nasa; connectivity, which houses Starlink; and AI, the unit behind xAI and the X platform. Connectivity makes the most revenue, at $11.4bn Space with $4.1bn AI at $3.2bn The Impact Analysis Musk will have 85% control of the business under the IPO plans, making it extremely difficult to unseat him from the company. Musk's control will be derived from majority ownership of a type of stock known as class B, which carries much more heft than the class A stock that everyone else will own. The Prediction Musk, who is already worth about $676bn, stands to make a vast sum from SpaceX although the exact amount is unclear. He has been granted 1bn class B shares that vest – meaning, Musk gets full ownership of them – if SpaceX manages to achieve the “establishment of a permanent human colony on Mars with at least one million inhabitants”.

Senegal’s national team has confirmed a 28‑man squad for the 2026 FIFA World Cup, with marquee names Sadio Mane and Kalidou Koulibaly leading a blend of seasoned stars and youthful prospects.Senegal Announces 28‑Man Roster Featuring Mane and KoulibalyCoach Pape Thiaw revealed the list on Thursday, noting that two players will be cut before the final deadline at the end of May. The selection reflects a strategic mix of experience, athleticism, and depth across all positions.Squad Composition and Player StatisticsGoalkeepers: Edouard Mendy, Yehvann Diouf, Mory DiawDefenders: Kalidou Koulibaly, Krepin Diatta, Antoine Mendy, Abdoulaye Seck, Ilay Camara, Moussa Niakhate, Mamadou Sarr, El‑Hadji Malick Diouf, Moustapha Mbow, Ismail JakobsMidfielders: Idrissa Gueye, Habib Diarra, Pape Matar Sarr, Pape Gueye, Lamine Camara, Pathe Ciss, Bara NdiayeForwards: Sadio Mane (34, 53 goals in 126 caps), Bamba Dieng, Iliman Ndiaye, Nicolas Jackson, Assane Diao, Ibrahim Mbaye, Cherif Ndiaye, Ismaila SarrThe squad retains the all‑time leading scorer Mane and the experienced centre‑back Koulibaly, while also integrating promising talents such as 18‑year‑old Bayern midfielder Bara Ndiaye.Implications for African Representation and Tournament ProspectsSenegal entered the tournament as the most potent African qualifier, having topped the recent Africa Cup of Nations. Their Group I draw pits them against France (June 16, New Jersey), Norway (June 22), and Iraq (June 26), offering a challenging path but also a chance to replicate their 2002 quarter‑final run.The inclusion of both veteran leaders and dynamic youngsters signals a clear intent to advance beyond the group stage, potentially reshaping the perception of African teams at the World Cup.What to Expect from Senegal in the 2026 World CupAnalysts anticipate that Mane will spearhead the attack, supported by pacey wingers Ismaila Sarr and Nicolas Jackson. Defensively, Koulibaly provides stability, while the midfield depth—featuring Gueye and emerging talents—offers tactical flexibility.If the squad can stay injury‑free and integrate the new call‑ups quickly, Senegal could challenge for a knockout‑stage berth, aiming to surpass their 2018 group‑stage exit and 2022 round‑of‑16 finish.