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World Economy Apr 07, 2026

UK Government Caps Student Loan Interest at 6% to Shield Graduates from Rising Inflation

The UK government will limit the interest rate on Plan 2 and Plan 3 student loans to 6% from Septem…
The UK government announced a modest concession for millions of graduates with Plan 2 student loans: a cap on the interest rate at 6% starting 1 September 2026.The decision is presented as a safeguard against a possible surge in inflation linked to geopolitical tensions in the Middle East, rather than a full policy reversal.The 6% ceiling will apply both to undergraduate Plan 2 loans and to postgraduate Plan 3 loans taken out by borrowers in England and Wales.For many borrowers the cap trims the current 6.2% rate by 0.2 percentage points, meaning their debt will grow marginally slower; the repayment threshold of 9% of earnings above the annual limit remains unchanged.Interest rates are normally set each academic year using the Retail Price Index (RPI), which currently sits at 3.2% and is expected to rise – the March 2026 RPI is due on 22 April and analysts anticipate a figure above the February rate of 3.6%.Ministers say the cap “removes the risk of any temporary increase in inflation causing loan balances to compound at an unsustainable rate,” protecting borrowers from rates above 6%.Prime Minister Keir Starmer has pledged to review the student‑loan system, and speculation persists that more extensive reforms could be announced later in the year.The National Union of Students hailed the cap as “a huge win” but warned that without adjustments to the repayment threshold the relief will be limited.Financial planner Ian Futcher of Quilter added that the cap offers “reassurance but not relief,” emphasizing the need for broader changes to ease graduate finances.
#interest #rate #graduates
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Politics Apr 07, 2026

Madrid‑Basque clash over moving Picasso’s Guernica to Bilbao for its 90th‑anniversary exhibition

A heated dispute has erupted between the Madrid and Basque regional governments over a proposal to …
A sharp political row has ignited between the central government in Madrid and the Basque regional authorities over a request to display Picasso’s Guernica at the Guggenheim Museum in Bilbao from 1 October to 30 June, coinciding with the 90th anniversary of the town’s devastating aerial attack.The masterpiece has been housed in Madrid’s Reina Sofía museum since 1992, and previous appeals to relocate it to the Basque Country have been consistently rejected.The latest demand has seen Isabel Díaz Ayuso, the outspoken conservative president of the Community of Madrid, and Aitor Esteban, leader of the Basque nationalist party, exchange barbed remarks, each accusing the other of a “provincial” outlook.Ayuso argued that moving the painting “doesn’t make sense” and quipped that, if origin mattered, “all of Picasso’s works should be sent to Málaga,” the artist’s birthplace. She also warned that the Reina Sofía fears the relocation could damage the delicate canvas.Esteban shot back, suggesting that Ayuso’s notion of national identity was reduced to “drinking beer on a terrace bar,” a jab at her stance on keeping Madrid’s bars open during the pandemic.Basque president Imanol Pradales challenged the Spanish government’s resolve, asking whether it could muster the courage to move Guernica after having “dragged Franco out of his tomb.” He framed the decision as a test of political will.The Basque administration proposes to exhibit the work at the Guggenheim for eight months, framing the display as a tribute to the victims of the 1937 bombing of the town of Guernica.The black‑and‑white canvas captures the horror of the attack carried out by the German Condor Legion and the Italian air force on 26 April 1937, an early example of strategic aerial bombardment of civilians during the Spanish Civil War.Casualty estimates for the raid vary widely—from as few as 126 to as many as 1,654 dead—yet the painting has become an enduring global symbol of the atrocities of war.After its debut at the 1937 Paris International Exposition, Guernica toured Europe and the United States. Picasso, who opposed its return to Spain under Franco’s dictatorship, later allowed it to reside at New York’s Museum of Modern Art (MoMA) for several decades.Art historian Francisco Chaparro cautioned that, while the Spanish government cannot entirely rule out a move, the risk of damage must outweigh any political motivations. He likened the situation to the Mona Lisa’s permanent stay at the Louvre and Velázquez’s *Las Meninas* at the Prado, noting that Guernica has been “rolled and unrolled on numerous occasions.”Artist José Manuel Ballester reminded observers that Picasso himself had envisioned the painting hanging in the Prado, a position he never assumed during the civil war.In 2000, the Reina Sofía rejected a request from MoMA to loan Guernica, declaring that the “great icon of our museum must remain, without exception, separate from the policy on lending works to other museums.”Note: The article was amended on 7 April 2026 to include the German Condor Legion alongside the Italian air force in describing the 1937 bombing.
#Picasso #Guernica #Guggenheim Bilbao
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Film Apr 07, 2026

James Gunn's Slither Rebooted for Reputational Glow-Up

James Gunn's 2006 comedy horror film Slither is getting a reboot ahead of its 20th anniversary, cap…
James Gunn's early feature film Slither, initially released in 2006, is being re-released in cinemas ahead of its 20th anniversary. The film, a comedy horror with a heavy focus on body horror, was Gunn's first feature-length project. At the time, it was met with commercial disappointment but has since garnered attention due to Gunn's subsequent success with major franchises such as Guardians of the Galaxy and Superman.The film's plot revolves around an alien lifeform that crash-lands on Earth and takes over a small town in South Carolina. The alien larvae, resembling flaccid phallic worms, infect the townspeople through various orifices, turning them into evil minions or hideously swollen incubators. The movie features Michael Rooker, Elizabeth Banks, and Nathan Fillion in key roles.Despite its thinly conceived science fiction elements and reliance on rubbery practical effects and lame jokes, which align more closely with the style of Troma, a production company where Gunn got his start, the film does showcase Gunn's early experimentation with comic timing and musical cues. A notable scene features a killing spree set to Air Supply's 'Every Woman in the World', a technique Gunn would later refine in his Guardians of the Galaxy films.The cast, including Michael Rooker and Elizabeth Banks, appears to be enjoying the film's humor, bringing some bright spots of wit and amusement to the movie. Slither is set to re-release in UK cinemas on April 10 and will be available on digital platforms from May 1.
#gunn #work #his
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Entertainment Apr 07, 2026

Hip‑Hop Star Offset Hospitalized After Shooting Outside Florida’s Seminole Hard Rock Casino

Rapper Offset, born Kiari Kendrell Cephus, was shot in the valet area of the Seminole Hard Rock hot…
Offset, the former Migos member, was wounded in a shooting outside the Seminole Hard Rock hotel and casino in Florida on Monday and is currently listed as stable while being closely monitored by medical staff.The incident occurred in the valet parking zone of the venue, according to the artist’s spokesperson, who confirmed that the rapper – whose legal name is Kiari Kendrell Cephus – was promptly taken to a nearby hospital.Law enforcement officials detained two individuals in connection with the case, and the Seminole police department issued a statement emphasizing that the location remains secure and poses no danger to the public.Details surrounding the motive or events leading up to the shooting have not been released, and investigators are continuing to gather evidence.Offset, who was previously married to fellow rapper Cardi B and shares three children with her, has been a prominent figure in the hip‑hop scene since the rise of Migos. The group gained fame with the 2013 hit “Versace” and later secured Grammy nominations for albums such as 2017’s Culture. Their chart‑topping collaborations include “Bad and Boujee” with Lil Uzi Vert and “MotorSport” featuring Nicki Minaj and Cardi B.The shooting revives memories of the 2022 murder of Migos member Takeoff, who was killed outside a Houston bowling alley. The alleged shooter, Patrick Clark, maintains his innocence and is slated for trial in November.In personal news, Cardi B filed for divorce from Offset in 2024, ending their secret 2017 marriage.Associated Press contributed to this report.
#Offset #Seminole Hard Rock Casino #Florida
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Entertainment Apr 07, 2026

François Ozon's The Stranger: A Modern Take on Camus's Classic

François Ozon's monochrome adaptation of Albert Camus's novella L'Etranger, starring Benjamin Voisi…
François Ozon's The Stranger is a lustrously beautiful and superbly realised modern take on Albert Camus's classic novella L'Etranger. Set in 1940s French Algeria, the film follows the story of Meursault, a sensitive white European who commits a racist act under the unbearable noonday sun.The film, shot in Morocco, boasts an almost supernaturally detailed sense of period and place. Ozon's adaptation brings a contemporary perspective to the book's themes of empire and race, making changes that include a critique of the original text. This approach perhaps loses some of the source material's brutal, heartless power and arguably some of the title's meaning.Meursault, played by Benjamin Voisin, is portrayed as a character with an unreadable expression of listless unconcern. His story unfolds through flashbacks, showing his dull office job in Algiers, his blank reaction to his mother's death, and his relationship with Marie, played by Rebecca Marder.The film's climax features Meursault's fatal encounter with the vengeful brother of Raymond's girlfriend, Djemila. When asked for a motive, Meursault simply says: “C’était à cause du soleil” – “It was because of the sun”. This response highlights the absurdity of the situation and the racist undertones of the act.Ozon's adaptation softens the argument presented in Camus's original work, and Meursault is ultimately condemned to death. The film emerges as a passionate act of ancestor worship in honour of a renowned French artwork, while also critiquing the original text and its representation of imperialism.
#François Ozon #Albert Camus #L'Etranger
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Economy Apr 07, 2026

UK pushes to auto‑release £1.5 bn in dormant child trust funds when holders turn 21

Around 758,000 young adults in Britain are missing out on unclaimed Child Trust Funds worth an esti…
When Elle Middlemas turned 18, she began wondering whether she owned a Child Trust Fund (CTF) – a government‑backed savings account created for children born between 1 September 2002 and 2 January 2011. Her search hit a dead end; she could not confirm if she was entitled to any money and an email to HMRC yielded no response.Middlemas, a Whitby college student, explained that the loss of her mother at age 11 left her with little guidance. “My sister is 21 and spent three years looking for a fund and found nothing, so we assumed we didn’t have one,” she said, expressing the frustration felt by many of her peers.She and her sister are part of an estimated 758,000 people aged 18‑23 who have unclaimed CTFs. Collectively, these dormant accounts hold roughly £1.5 bn, a substantial sum that disproportionately belongs to low‑income families who are often unaware of its existence.Advocates are now pressing the government to automatically release CTFs when holders reach 21 years of age. Experts estimate that such a policy could inject up to £286 m directly into the pockets of young people who need it most.Middlemas finally learned of her entitlement after a conversation with a friend’s parent six months after her birthday. She discovered the Share Foundation, a charity that helps reconnect youths with their funds, and located a NatWest account bearing her name.“I had £700 sitting in my bank and thought, ‘What is going on?’ My sister also had one but never knew how to access it,” she recalled. The sisters plan to use the money to support university expenses and repay debts, underscoring the tangible impact of the scheme.The CTF programme was launched by the Labour government in 2005 to encourage parental savings. Every child received a £250 government contribution, with an additional £250 for those from low‑income families or in local authority care. Parents could add up to £9,000 per year, and any investment gains accrued until the child turned 18.If a parent failed to open an account within 12 months of birth, HMRC would create one on the child’s behalf. Today, the average value of a CTF stands at about £2,200.More than two‑thirds of the six million original recipients are now over 18 and eligible to claim their funds, with HMRC‑allocated accounts representing 28 % of all CTFs.Geographically, the North‑East of England has the highest concentration of HMRC‑allocated accounts, totalling £48 m. Across the UK, youths from the most disadvantaged 15 % of families hold accounts averaging £2,900 in value.Gavin Oldham, chief executive of the Share Foundation, warned that the scheme is hampered by poor communication, limited financial education, and “policy neglect”. He indicated the charity is considering a judicial review to compel the government to release the unclaimed assets.Oldham noted that the charity has already linked “well over 100,000 accounts to young adults”, yet the “sheer quantum of these unclaimed accounts remains a major problem”.“It is strange to find a government which expresses concern over youth poverty while doing so little to deliver on a groundbreaking scheme,” Oldham added.The charity’s proposal to release HMRC‑allocated funds automatically at 21 would free roughly £500 m, including £350 mOldham cautioned that a legal challenge, while potentially successful, could delay payouts for years, leaving vulnerable youths “denied their birthright for far too long”.Beyond immediate release, the Share Foundation is urging the creation of a new, targeted scheme for low‑income youths that embeds a financial‑awareness component, allowing participants to top up their funds through education‑linked incentives.Labour MP Laura Kyrke‑Smith echoed these concerns, describing the CTF system as “confusing and opaque” and calling for proactive tracing of account holders and clearer public information.HMRC responded that it is “directly sending every eligible young person information to help them find their child trust fund”, while also raising awareness via social media, broadcast interviews, and an online tracing tool. The agency added that banks, building societies, and investment firms managing the funds share responsibility for communicating with account holders.
#Child Trust Fund #UK Government #Department for Work and Pensions
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Business Apr 07, 2026

Bill Ackman's Pershing Square Makes €50bn Takeover Bid for Universal Music

Billionaire Bill Ackman's hedge fund, Pershing Square, has offered to buy Universal Music Group in …
Universal Music Group (UMG), the world's largest music company, has received a takeover offer from billionaire Bill Ackman's hedge fund, Pershing Square. The deal values UMG at over €50bn (£44bn). Pershing Square, based in New York, has offered a cash and stock deal to acquire the business, which is home to renowned artists such as Taylor Swift and Elton John.Ackman stated that while UMG, led by British-born Sir Lucian Grainge, has done an excellent job in nurturing its artist roster and generating strong business performance, its share price has lagged due to issues unrelated to the performance of its music business. He specifically mentioned the delay in UMG's US listing, underutilization of its balance sheet, and uncertainty around the French conglomerate Bolloré Group's 18% stake in the company.Shares in UMG, listed in Amsterdam since 2021, have lost more than a quarter of their value in the past year. The company is one of the 'big three' record labels, alongside Sony Music Entertainment and Warner Music Group, with a diverse roster ranging from classical music to stars like Adele, Drake, and Ariana Grande.Ackman also cited a 'lack of investor credit' in the company's valuation of its €2.7bn stake in the music streaming service, Spotify. Pershing Square, which Ackman established in 2004, controls over $26bn in assets and bought a 10% stake in UMG in 2021.As part of the proposed deal, Pershing Square would add Michael Ovitz, a veteran talent agent, as chair, along with two representatives from Pershing Square to UMG's board. The deal would also involve a new employment contract and compensation arrangement for Sir Lucian Grainge. Under the terms, UMG would merge with a blank-cheque company set up by Pershing Square and then list on the New York Stock Exchange. Shareholders would receive a total of €9.4bn in cash and 0.77 shares in the new company for every Universal share they own, representing a 78% premium compared to the company's closing share price on Thursday.
#Bill Ackman #Pershing Square #Universal Music Group
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Sports Apr 07, 2026

Manchester City Captain Bernardo Silva to Depart at Season's End

Manchester City captain Bernardo Silva will leave the club at the end of the season, assistant mana…
Manchester City's long-serving captain, Bernardo Silva, will be departing the Premier League club at the end of the current season. This confirmation comes from assistant manager Pep Lijnders, following City's convincing 4-0 FA Cup quarterfinal victory over Liverpool on Sunday. Lijnders reflected on Silva's impending exit, stating, 'Every good story comes to an end.' He expressed his hope that Silva will enjoy his final months with the club and receive a fitting farewell, highlighting that he 'deserves all that attention.' The 31-year-old Portuguese midfielder, who has been an integral part of Manchester City since joining from AS Monaco in 2017 for approximately $57.35 million, will be leaving as a free agent upon the expiration of his contract. During his nine-year tenure at the Etihad Stadium, Silva has secured six Premier League titles and the Champions League, making 450 appearances for the club. Silva's versatility, exceptional technique, and relentless work ethic have made him a cornerstone of City's success under Pep Guardiola, who has previously described him as 'irreplaceable.' Manchester City are still in contention for a domestic treble, currently trailing Premier League leaders Arsenal by nine points, although they do have a game in hand and eight matches remaining to bridge the deficit. Silva's departure follows in the footsteps of another high-profile exit, as Liverpool's Mohamed Salah also announced his departure at the end of the season, marking a significant change for top Premier League clubs.
#league #cup #club
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Film Apr 06, 2026

A24’s ‘The Drama’ Stirs Gun‑Violence Debate After Shocking Twist Involving Zendaya and Robert Pattinson

A24’s latest release, The Drama, starring Zendaya and Robert Pattinson, has ignited a firestorm ove…
A24 marketed Kristoffer Borgli’s second English‑language film as a darkly comic romance, pairing Zendaya and Robert Pattinson as a seemingly picture‑perfect couple on the brink of marriage. The studio’s teaser, a faux wedding announcement in the Boston Globe, amplified the buzz that began with the trailer’s release and even earlier Reddit speculation. The narrative follows Charlie (Pattinson) and Emma (Zendaya) through a series of sun‑lit flashbacks that culminate in a tense pre‑wedding dinner. During a “worst‑thing‑you’ve‑done” game, Emma confesses that, as a depressed teenager in Louisiana, she once planned a mass shooting and even practiced with her father’s rifle, though she never pulled the trigger. This revelation serves as the film’s central twist and propels the story into a moral quandary about forgiveness and trust. Critics note that the film’s premise is deliberately provocative. Borgli, known for his satirical take on cancel culture in Dream Scenario, uses Emma’s confession to interrogate America’s obsession with gun violence. By placing the “thought crime” in the hands of a Black woman—contrasting with statistics that over 95% of mass shooters are male and more than half are white—the director forces a reversal of the usual gendered narrative surrounding firearms. The twist has provoked strong reactions from survivors and advocacy groups. Tom Mauser, who lost his son in the 1999 Columbine shooting, called the plot “awful” in a TMZ interview, while 2019 school‑shooting survivor Mia Tretta told USA Today that such a storyline “shouldn’t be joked about.” Parkland survivor Jackie Corin offered a more measured view, urging the film’s stars to use their platforms responsibly and questioning whether the project rises to the ethical standards their influence demands. Beyond the controversy, the film boasts technical strengths. Arseni Khachaturan’s cinematography creates a lush visual palette, and the editing maintains a brisk pace as the wedding day approaches. The climactic ceremony—described by many reviewers as the film’s “pièce de résistance”—forces Charlie and Emma to confront the fallout of Emma’s secret amid a chaotic, alcohol‑fueled toast that lays bare the fragility of their relationship. In the final scene, the couple reconvenes at a diner, echoing the opening “can we start over?” motif. The ambiguous resolution suggests that exposing one’s darkest thoughts may either deepen intimacy or foreshadow further turmoil. Overall, ‘The Drama’ is both a compelling watch and a flashpoint for debate about how cinema engages with the United States’ endemic gun‑culture. Whether the film succeeds as a thought‑experiment or merely courts outrage remains a divisive question that will likely fuel discussions well beyond its theatrical run.
#emma #her #she
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