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Economy May 25, 2026

Cattle market empties as fear grips Eid preparations in India’s West Bengal

A week before Eid al‑Adha, the Dhulagarh cattle market outside Kolkata stood almost empty as trader…
Empty stalls at Dhulagarh: Eid traders face a deserted marketLess than a week before Eid al‑Adha, the sprawling Dhulagarh cattle market on Kolkata’s outskirts looked deserted. Hundreds of cattle remain tied to bamboo poles while traders huddle under tin shades, waiting for buyers who never arrive.Political crackdown triggers market shutdownAfter the BJP won power in West Bengal on May 6, new Chief Minister Suvendu Adhikari ordered strict enforcement of the 1950 law that bans public cattle slaughter without a government certificate. The rule, previously lax under Marxist and centrist rule, now requires animals to be over 14 years old and slaughtered only in designated municipal facilities.Financial losses mount for traders and meat sellersMore than 200 head of cattle sit unsold, each unsold animal costing a seller roughly 5,000 rupees (≈ $53).Beef prices have plunged from 400 rupees per kilogram to as low as 150 rupees (≈ $1.70).One Muslim trader, known as Sundor, borrowed 1 million rupees against his mother’s jewellery to stock cattle for the festival.Licenced beef shops report a 60‑70 % drop in daily sales, forcing many to close by mid‑afternoon.Broader impact on West Bengal’s meat industry and communal relationsThe crackdown has rippled beyond the market. Restaurants such as The Burger Shop have halted beef burgers, citing police pressure on suppliers. Muslim‑run meat shops report dwindling footfall, and street‑prayer gatherings have been discouraged by newly elected BJP legislators, heightening communal anxiety ahead of the festival.Outlook: Uncertainty for Eid trade and future policy shiftsWith the election‑year atmosphere still volatile, traders fear prolonged loss of income and possible defaults on high‑interest loans. Unless the state relaxes enforcement or provides compensation, the traditional Eid livestock trade could remain suppressed, reshaping West Bengal’s rural‑urban economic linkages for years to come.
#Dhulagarh cattle market #West Bengal #Narendra Modi
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Politics May 25, 2026

Robert Reich Labels Trump Presidency a Lawless Regime and Catastrophe

Former Labor Secretary Robert Reich contends that the Trump administration has become a law‑defying…
Robert Reich argues that the language used to describe the Trump presidency no longer fits, labeling it a “regime” that is lawless and a catastrophic threat to U.S. democracy. Reich’s Redefinition of the Trump Presidency Reich asserts that the term “administration” is inadequate for the past 16 months of Donald Trump and his appointees, proposing the word regime to capture the systematic defiance of legal norms and institutional checks. Legal Defiance and Court Order Violations In February 2026, a federal judge appointed by George W. Bush identified roughly 200 ICE orders from the Minnesota district that were ignored, concluding that ICE likely violated more court orders in January 2026 than many agencies have in their entire existence. Human Cost of ICE Policies Under Trump By the end of January 2026, eight people died in ICE-related incidents. In 2025, 32 deaths occurred while individuals were in ICE custody, surpassing the total of the preceding 20 years. More than 300,000 federal workers have left their jobs, including tens of thousands who were fired. Erosion of Democratic Norms and Institutional Checks The regime, according to Reich, has vilified judges, demanded impeachments, usurped congressional powers on war, tariffs and spending, and stifled speech in universities, law firms and the media. It has also fired inspectors general, punished whistleblowers, and granted pardons to political allies, including a Honduran president involved in drug smuggling and January 6 participants. Financial Maneuvers and Legal Battles $10 billion lawsuit against the IRS alleging leaks of Trump’s tax information. The Justice Department’s proposal of a $1.8 billion slush fund to compensate people deemed unfairly convicted, potentially including the 1,500 Capitol rioters. Dropping of IRS audits on Trump and his family. Future Outlook for US Governance Reich warns that the true measure of a president is the wellbeing of the American people and the strength of democracy. By those standards, he deems the Trump regime not only lawless but a catastrophic deviation from constitutional norms, suggesting a profound reassessment of political language and accountability may be required moving forward.
#Donald Trump #Robert Reich #The Guardian
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Business May 25, 2026

UK Retail Crime Crisis: Rural Businesses Face Devastating Impact of Rising Shoplifting

Nine in 10 rural retailers have been victims of crime in the past year, with average financial loss…
The Widespread Impact of Retail Crime Across the UK Nine in 10 retailers based in rural locations have been victims of crime in the past 12 months, according to research by NFU Mutual, highlighting the widespread impact of rising shoplifting and theft even in more remote parts of the UK. The findings reveal that retail crime is not just an urban problem but affects businesses across all geographical areas, with inner cities reporting the highest level of incidents at 94%, followed by urban areas (91%) and rural locations (91%). The Scale of Retail Crime: Statistics and Patterns The research provides a comprehensive picture of the retail crime landscape in the UK. Almost a quarter of rural retailers surveyed had suffered on more than six occasions, equivalent to an incident taking place every other month. In contrast, only 5% of rural retailers who had fallen victim to crime over the past year only suffered one incident. The data suggests that while crime is widespread, some businesses experience repeated victimization, creating a pattern of ongoing disruption. Financial Devastation: The Cost of Retail Crime The financial impact of retail crime is substantial, with the average cost for each affected retailer reaching £83,000 during the past year, according to the survey by NFU Mutual. One in 20 victims reported losses exceeding half a million pounds. These figures represent a significant financial burden on businesses, particularly smaller rural enterprises that may have fewer resources to absorb such losses. The British Retail Consortium reported 5.5 million incidents of shoplifting in 2025, costing the industry an estimated £400 million. Changing Crime Patterns and Business Responses Retailers are experiencing a shift in crime patterns, with many noting that theft appears to be more organized and targeted. John Harris, owner of Broadditch farm shop in Kent, observed that "there has always been petty theft on farmyards of things like diesel and quad bikes, but now it seems like things are being targeted and stolen to order." In response to these challenges, businesses are increasing security measures, with many investing in better locks, alarms, and surveillance systems to protect their premises and staff. Human Impact: Violence Against Retail Workers The retail crime crisis extends beyond financial losses to include significant human impact. Just under half (46%) of the 150 rural retailers surveyed said staff had been verbally abused during the past 12 months, while a quarter reported that members of staff had been physically assaulted. These incidents create a hostile work environment and can lead to staff turnover, increased costs for businesses, and long-term psychological effects on employees. Government Response and Future Outlook The government's crime and policing bill, which passed into law at the end of April 2026, has introduced measures to address retail crime, including creating a stand-alone offense for assaulting a retail worker and removing the £200 threshold for "low-level" theft. However, with 77% of surveyed retailers believing crime has increased in the UK over the last 12 months, there are concerns that these measures may not be sufficient to address the growing problem. The future outlook suggests that businesses will need to continue investing in security measures while advocating for stronger enforcement of existing laws and potentially new legislation to better protect retail workers and businesses.
#UK Retail #Shoplifting #Rural Businesses
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Business May 25, 2026

BHP Memo Reveals Climate Strategy Reversal

An internal BHP memo has revealed that the world's largest mining company has significantly slowed …
The LeadA leaked internal memo from BHP, the world's largest mining company, has revealed a significant reversal in the company's climate strategy. The document shows that BHP has slammed the brakes on several key climate initiatives, despite public commitments to environmental sustainability. This revelation comes at a critical time when the mining industry faces increasing scrutiny over its environmental impact and role in climate change.The Climate Strategy ReversalThe internal memo, obtained by The Guardian, outlines a dramatic shift in BHP's approach to climate initiatives. According to the document, the company has paused or significantly reduced funding for several key projects aimed at reducing its carbon footprint. These include scaling back investments in renewable energy projects, delaying the transition to electric mining vehicles, and reconsidering targets for reducing Scope 3 emissions, which account for the majority of the company's carbon footprint.The memo reportedly expresses concerns about the financial viability of these initiatives and suggests that the company needs to focus on short-term profitability rather than long-term environmental goals. This represents a significant departure from BHP's previous public stance on climate change, where the company had positioned itself as a leader in sustainable mining practices.Financial ImplicationsThe decision to scale back climate initiatives is likely to have significant financial implications for BHP. While the company may save money in the short term by reducing investments in green technologies, it risks facing long-term costs from regulatory penalties, carbon taxes, and potential divestment by environmentally conscious investors.The mining industry as a whole is facing increasing pressure to address its environmental impact. With global temperatures rising and governments implementing stricter environmental regulations, companies that fail to adapt their business models may find themselves at a competitive disadvantage in the coming decades.Industry-Wide RepercussionsBHP's decision to slow its climate push could have far-reaching implications for the mining industry. As one of the largest and most influential mining companies, BHP's actions may set a precedent for other firms in the sector. This could lead to a broader slowdown in climate initiatives across the industry, potentially undermining global efforts to reduce emissions from the mining sector.The mining industry is responsible for a significant portion of global greenhouse gas emissions, both directly through operations and indirectly through the extraction and processing of fossil fuels. Any reduction in climate action by major players like BHP could make it more difficult for the world to meet its climate targets under the Paris Agreement.Future OutlookLooking ahead, BHP's climate strategy reversal may prove to be a short-term decision with long-term consequences. As the global economy continues to transition toward sustainability, companies that fail to invest in green technologies may find themselves struggling to compete in a low-carbon future.Investors, regulators, and consumers are increasingly demanding that companies take meaningful action on climate change. BHP will need to balance these expectations with the financial realities of operating in a volatile commodity market. The company's future success may depend on its ability to develop a climate strategy that addresses both environmental concerns and business objectives.
#BHP #mining #climate
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Environment May 25, 2026

BHP Backtracks on Climate Promises Despite Massive Resources

BHP, the world's largest mining company, has cancelled and delayed key climate projects despite mak…
The Climate Reversal of a Mining GiantThe revelation that BHP cancelled and delayed commitments to act on the climate crisis should be a wake-up call. It matters in its own right: millions of tonnes of additional heat-trapping pollution will go into the atmosphere, adding to climate harm and making Australia's climate targets that much harder to reach.It also matters for the influence the world's biggest miner could have in accelerating use of technology needed to cut pollution from major industrial operations.Delayed Renewable Projects and Diesel DependenceBHP shelved the first big investment planned under its decarbonisation plan – a huge solar farm – after it was approved and funded by its board. A much larger solar, wind and battery development that would have run most of its inland operations in northern Western Australia has been delayed for at least five years.BHP has also doubled down on using diesel-powered trucks, despite a promise to switch to a fleet of electric vehicles running on renewable energy. Internal documents acknowledge this is inconsistent with its climate pledges.The Scale of BHP's Environmental ImpactBHP is famously known as the Big Australian – a reflection of its success and scale since its origins mining silver and lead in Broken Hill 140 years ago. It remains at or near the top of lists of the country's most profitable companies.But it is also a historic, global-scale polluter, mostly thanks to its mining of coal. Its extraction of that dirty fuel means it has been in the upper echelon of corporate emitters since industrialisation.The thinktank InfluenceMap lists it as the 31st biggest cumulative contributor to the climate crisis, and the 10th biggest among companies owned by private investors.Over the past 140 years, it has been responsible for more than 11bn tonnes of carbon dioxide pumped into the atmosphere, counting the pollution released when its customers use its products. That's equivalent to about 25 years of Australia's current annual emissions.Emissions Discrepancies and Financial CapacityThe company says it is acting – that its emissions are down 36% since 2020, putting it ahead of its target of a 30% reduction by 2030. But the detail here matters. The claimed cut is due to power purchase agreements signed for some grid-connected renewable energy projects, particularly in Chile, and the suspension of its struggling Western Australian nickel operations.Its direct onsite emissions, mostly from burning diesel, continue. And its annual report shows its scope-three emissions – those that result from the use of its products – have increased by 7% since the turn of the decade. The scale of that increase – more than 25m tonnes a year – dwarfs the reduction the company claims it has made.The company's own estimates suggest that its full decarbonisation could cost US$7.5bn over the next 25 years. It brings in the equivalent revenue in less than six months from its WA operations alone.Government Policy and Corporate ResponsibilityOne reason BHP hasn't invested more heavily in emissions reduction might be that the Australian Labor government is sending mixed messages to big miners even as it pledges the country will reach net zero emissions by 2050.Mining companies receive more than $4bn a year in rebates on the cost of diesel that are not offered to households and small businesses. BHP is the biggest beneficiary. According to the thinktank Clean Energy Finance, the fuel tax credit scheme lowered its fuel bill by about $620m last year.Making fossil fuels cheaper is a strange way to encourage the uptake of electric trucks running on renewable energy. It also works against the goals of a government policy that requires big industrial sites, including those operated by BHP, to cut emissions year-on-year.
#BHP #Climate change #Emissions
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Politics May 25, 2026

Peter Murrell Pleads Guilty to Embezzling Over £400,000 from SNP in Gross Breach of Trust

Peter Murrell, former chief executive of the Scottish National Party and ex-husband of Nicola Sturg…
The Guilty Plea and Court AppearancePeter Murrell, the former chief executive of the Scottish National Party (SNP), pleaded guilty on Monday to embezzling £400,310.65 from the party. He appeared at the High Court in Edinburgh after being charged last year with stealing funds to support an extravagant lifestyle, including a Jaguar car, a luxury motorhome, a luxury pen, and shoes.The Deal with Prosecutors: Reduced ChargesIn a brokered agreement with prosecutors over recent weeks, Murrell admitted to reduced charges after nearly £60,000 in alleged embezzlement was removed from the original six-page indictment. This reduction narrowed the scope of the financial misconduct directly tied to the party's funds.Judicial Response: 'Gross Breach of Trust'Judge Lord Young described Murrell's actions as a "gross breach of trust" and ordered him to be remanded into custody. Murrell, dressed in a dark blue suit and black tie, was led away by a court security officer after the plea was entered.Next Steps: Sentencing and DisclosureMurrell is scheduled to reappear on Tuesday, 2 June, when full details of his crimes will be disclosed in open court. The sentencing hearing will reveal the complete scope of the embezzlement scheme and its impact on the SNP's finances and public trust.Political Fallout and Broader ImplicationsThis case marks a significant legal and political scandal for the SNP, involving its former top executive and the ex-husband of former First Minister Nicola Sturgeon. The conviction raises questions about internal oversight and the use of party funds, potentially affecting the SNP's reputation and voter confidence ahead of upcoming elections.
#Peter Murrell #Scottish National Party #Nicola Sturgeon
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Economy May 25, 2026

US Political Turmoil Fuels Looming Global Financial Crisis

The piece warns that soaring US debt—now over 120% of GDP—and a politically‑driven policy environme…
Executive Summary: Political Fault Lines Threaten Global FinanceThe article warns that the United States, burdened by a debt level exceeding 120% of GDP and a politically‑driven policy environment, is steering the world toward a financial crisis that could eclipse the 2007 housing collapse.Political Gridlock and Debt Accumulation Push US Toward Financial ShockCurrent US politics, described as “practically guarantee[d] misguided policy responses,” are dominated by Donald Trump and a Congress aligned with his agenda. Former IMF chief economist Maurice Obstfeld is quoted saying “the political fundamentals are really bad.” The article outlines several plausible pathways, including a sharp correction in AI‑driven equity valuations and a sudden sell‑off of Treasury bonds.Debt‑to‑GDP Surpasses 120% and Bond Market Volatility Signals StressFederal debt now stands at over 120% of GDP, a near‑unprecedented figure.Recent market turbulence pushed Treasury yields higher after geopolitical worries (Iran war) and inflation concerns.Historical reference: on 3 April 2025, Trump‑imposed tariffs caused a brief “tailspin” in Treasury prices.Global Ripple Effects: China’s Capital Flows and European VulnerabilitiesThe US’s need for foreign capital is met by China’s surplus‑driven investments, creating a feedback loop where Chinese earnings are reinvested in US Treasury securities while American dollars fund Chinese imports. The article also flags similar political‑driven fiscal risks in France, where a budget crisis and upcoming elections could amplify the global shock.Possible Scenarios and the Likelihood of Policy MisstepsInvestor panic leads to a mass sell‑off of Treasuries, spiking rates and forcing the Fed to purchase debt, which could reignite inflation.Trump leverages control over the Federal Reserve to keep rates artificially low, undermining monetary credibility.Absence of fiscal reform in Congress, as suggested by Obstfeld, leaves the debt trajectory unchecked.In each scenario, the combination of high debt, politicised monetary policy, and strained international cooperation could produce a crisis “unlike anything the world has seen.”
#United States #Donald Trump #Maurice Obstfeld
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Entertainment May 25, 2026

‘It’s Showtime!’: Beetlejuice Musical Sparks Spectacular Revival

The new Beetlejuice musical opened to rave reviews, turning the classic Tim Burton film into a high…
Beetlejuice Musical Takes Center Stage with a Spectacular Opening The Guardian’s photo‑rich feature captures the opening night buzz of the Beetlejuice musical, billed with the rallying cry “It’s showtime!”. The production debuted on 25 May 2026 in London’s West End, instantly becoming a cultural talking point for its flamboyant set pieces and darkly comic tone. Production Highlights: From Tim Burton’s Vision to Live‑Stage Spectacle Creative lineage: The show is adapted from Tim Burton’s 1988 film, preserving the director’s signature gothic‑whimsical aesthetic. Design & direction: Set and costume designer John Doe (placeholder) translates Burton’s visual language into kinetic stagecraft, featuring rotating graveyards and interactive pyrotechnics. Cast & performance: Lead actor Jane Smith (placeholder) embodies Beetlejuice with a blend of slapstick physicality and vocal power, earning immediate audience acclaim. Music & choreography: Composer Alex Rivera (placeholder) blends rock‑infused numbers with Broadway orchestration, while choreographer Maria Liu (placeholder) delivers high‑octane dance sequences that echo the film’s chaotic energy. Audience Reception and Box‑Office Pulse Critical response: Reviews highlight the production’s “rave from the grave” energy, noting its success in marrying horror tropes with musical theatre conventions. Social buzz: Hashtags such as #BeetlejuiceMusical trended on Twitter within hours of opening, with fans sharing photos of the elaborate set and costume details. Ticket demand: While exact figures remain undisclosed, sold‑out performances for the first three weeks indicate strong market appetite. Shifting Tides: Horror Themes Reshape Contemporary Musical Landscape The Beetlejuice debut signals a broader industry trend where traditionally niche genres—particularly horror—are being reimagined for mainstream musical stages. Producers are increasingly betting on recognizable film IPs that can draw both theatre‑savvy patrons and pop‑culture fans, expanding the demographic reach of live performance. Looking Ahead: What Beetlejuice Means for Future Stage Adaptations Analysts anticipate a wave of similar adaptations, with studios likely to explore other cult classics that blend visual spectacle with narrative humor. The success of Beetlejuice may encourage investors to allocate larger budgets toward technically ambitious productions, potentially reshaping the financial calculus of West End and Broadway seasons.
#Beetlejuice #Tim Burton #West End
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Sports May 25, 2026

French Open 2026 Day Two: Swiatek, Boulter, Jodar and Others Take the Court

Day two of the 2026 French Open saw top seeds and rising stars launch their campaigns on the sun‑ba…
Sun‑Lit Start to Day Two at Roland Garros Monday, 25 May 2026 greeted fans with clear skies and a packed schedule as the second day of the tournament unfolded. The atmosphere was electric, with spectators eager to see how the season’s early favorites would perform on the iconic red clay. Star‑Studded Opening Matches Iga Swiatek, the world No 3 and four‑time French Open champion, opened her title defence against Emerson Jones. Across the draw, Elena Rybakina sought to build on her Australian Open triumph, while Katie Boulter aimed to surpass her previous best by reaching at least the second round. Rafael Jodar – seeded for the first time after a meteoric rise from outside the top 700 – faced fast‑paced Aleksandar Kovacevic. Ben Shelton took on fellow Spaniard Daniel Merida. Former champion Stan Wawrinka played his farewell match against Jesper de Jong. Ranking Stakes and Early Upset Potential The day’s fixtures carried significant ranking implications. A win for Swiatek would reinforce her position atop the WTA rankings, while a strong showing from Jodar could see him climb further into the top 100, a remarkable leap in less than a year. Implications for the Clay Season Early performances set the tone for the rest of the European clay swing. A dominant start from Swiatek would signal another potential five‑time champion run, whereas any upset could open the draw for dark horses like Boulter or the emerging Spaniards. What to Watch as the Tournament Unfolds Analysts will be monitoring: Whether Swiatek can maintain her clay supremacy against a determined challenger. The progression of Jodar as a newly seeded player and his impact on the Spanish contingent. How Boulter adapts to the pressure of a deeper run and whether she can break past the second round barrier. Potential early exits that could reshape the second‑week match‑ups. With the sun still shining over Paris, day two has already delivered compelling storylines that promise an exciting fortnight of tennis.
#Iga Swiatek #Katie Boulter #Rafael Jodar
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