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Business Jun 02, 2026

Ferrari Shares Plummet After Unveiling First Electric Vehicle, Luce

Ferrari's share price dropped by as much as 8% after unveiling its first electric vehicle, the Luce…
The Launch of Ferrari's First Electric Vehicle Ferrari's share price has dropped after it revealed a long-awaited first electric vehicle, with a minimalist look created by the former Apple design chief Jony Ive that departs from the Italian manufacturer's petrol sportscars. Ferrari Luce: Design and Specifications The Luce, starting at $640,000 (£477,000), has a range of 329 miles (530km) thanks to its battery capacity of 122 kilowatt hours, the company said, with four motors that can accelerate from 0 to 100km/h in 2.5 seconds, with a top speed of more than 310km/h (193mph). Market Reaction and Investor Sentiment The launch was hotly anticipated, given the world's most valuable sportscar maker's totemic status among car and Formula One racing fans. However, the Luce's saloon-like design immediately proved divisive, with some analysts questioning whether it lived up to Ferrari's sportscar heritage. Ferrari's share price dropped by as much as 8% in morning trading on Tuesday in Milan, before recovering to a 6% decline. The carmaker, which produces all its cars in Maranello, northern Italy, was valued at €56bn (£48bn) before the launch. The Impact of Jony Ive's Design The Luce was developed in partnership with LoveFrom, the studio founded by Ive after his long career at Apple, during which he led the design of products including the iPhone, MacBook and Apple Watch. Others said they believed it diverged too far from the blueprint that has made Ferrari one of the most profitable carmakers in the world. The Luce looks like a “mix between a Honda Accord EV and Tesla 3”, wrote Pierre-Olivier Essig, the head of research at AIR Capital, in a note for clients reported by Bloomberg. Ferrari's Future Plans Ferrari, founded in 1939, said the car's design was “simplified and rationalised in service of the driving experience”, and emphasised that was creating an “entirely new Ferrari”. The company last year scaled back its ambitions to shift from petrol to electric. It is aiming to have a 2030 lineup of 40% internal combustion engine models, 40% hybrids and 20% fully-electric.
#Ferrari #Jony Ive #Electric Vehicle
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Business Jun 02, 2026

Ferrari’s Luce EV Sparks Investor Panic and Cultural Backlash

Ferrari’s debut of the Luce, its first fully electric car priced at €550,000, has triggered an 8 % …
Ferrari launched the Luce, its first fully electric vehicle, priced at €550,000 and capable of 0‑100 km/h in 2.5 seconds. The debut, attended by Italy’s president and the pope, triggered an 8 % plunge in the company’s share price and a wave of criticism over its radical design and four‑door layout.The Luce Unveiled: Ferrari’s First Fully Electric Super‑SedanThe Luce, pronounced “loo‑chey”, features an electric motor on each wheel, a skateboard chassis and a five‑seat saloon body – a stark departure from Ferrari’s traditional two‑door sports cars. Design was led by former Apple chief design officer Jony Ive in partnership with Marc Newson, delivering a minimalist aesthetic that many observers compare to the mass‑market Nissan Leaf.Price: €550,000 (£476,000)0‑100 km/h: 2.5 secondsFour doors, five seatsMotors: one per wheelShare‑price Shock: 8% Drop Signals Investor ConcernFollowing the launch, Ferrari’s share price fell 8 %, reflecting investor unease about the brand’s move away from its heritage‑focused, high‑performance niche. The steep price tag and limited production volume raise questions about the model’s contribution to revenue growth.Design Controversy and Cultural Backlash in ItalyCritics, including former Ferrari chief Luca di Montezemolo and transport minister Matteo Salvini, slammed the Luce’s pastel‑blue styling and its departure from iconic Ferrari cues. Social‑media outrage linked the design to “reactionary” opposition to EVs, echoing past backlash against Jaguar’s electric rebrand.What Lies Ahead for Ferrari’s EV Strategy?CEO Benedetto Vigna has described the Luce as intentionally “polarising” and aims to attract ultra‑wealthy buyers beyond the core enthusiast base. Success will depend on whether the brand can translate the novelty into sustained demand while preserving its heritage image.
#Ferrari #Jony Ive #Luca di Montezemolo
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Sports Jun 02, 2026

Freya Kemp's All-Round Brilliance Levels England-India Series

Freya Kemp's explosive batting performance (39* from 13 balls) and crucial bowling (2/15) helped En…
The Lead: England's Victory in Bristol England successfully leveled their T20 international series against India with a commanding 26-run victory in Bristol, thanks largely to an extraordinary all-round performance from Freya Kemp. The young all-rounder smashed an unbeaten 39 from just 13 balls, including two sixes and four fours, while also contributing with the ball by taking two crucial wickets. This victory sets up a fascinating series decider at Taunton on Tuesday, with both teams using this match as final preparation for the upcoming World Cup. Kemp's All-Round Impact Kemp's performance was particularly significant given her recent battle with a serious back injury. Having sent down just six overs this season as England carefully managed her return, she made an immediate impact with figures of two for 15, dismissing the dangerous Smriti Mandhana. Her batting, however, stole the show, as she combined with Dani Gibson to add 39 from the final two overs, showcasing England's newfound firepower at the death. Kemp described her path back to fitness as "a bumpy ride" but credited head coach Charlotte Edwards for her unwavering support throughout her recovery. The Turning Point: India's "Retired Out" Decision The match turned on an extraordinary decision when India captain Harmanpreet Kaur retired out her opening partner Yastika Bhatia on 33 from 36 balls. With India needing 60 from the final 30 balls, Kaur adjudged Bhatia to be "chugging along too slowly" and made the unprecedented call to remove her from the crease. The decision completely disrupted India's rhythm, with Bhatia's replacement Jemimah Rodrigues caught off the second ball she faced. India subsequently collapsed to 142 for nine, losing their last six wickets for just 28 runs. Series Implications This match provided both teams with valuable preparation ahead of the World Cup, which begins on June 12. For England, it offered an opportunity to test their batting depth, with several players making strong cases for inclusion. Danni Wyatt-Hodge made a successful return from parental leave with 29 from 25 balls, while Amy Jones (28) and Heather Knight (18 off 14) also contributed. The performance of Kemp, who has been fighting for a middle-order spot, may have settled the selection question in her favor. For India, the match highlighted vulnerabilities in their chase strategy, particularly under pressure. The Road Ahead With the series now all square at 1-1, Tuesday's decider at Taunton promises to be a thrilling contest. Both teams will use this final match to fine-tune their combinations before the World Cup, where England will be looking to defend their title. The record Bristol crowd of over 4,000 was treated to a spectacle of aggressive batting and sharp fielding, setting the stage for what should be an exciting conclusion to this pre-World Cup series. For Kemp, the performance represents another step in her remarkable recovery and a statement of her growing importance to England's World Cup ambitions.
#Freya Kemp #England Cricket #India Cricket
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Entertainment Jun 02, 2026

Mis-Teeq Reunite for Wembley Arena Show as UK Garage Returns

The 2000s girl group Mis-Teeq is reuniting for a one-night performance at Wembley Arena to celebrat…
The Wembley Reunion: A 25-Year CelebrationAfter two decades of silence, the iconic 2000s girl group Mis-Teeq is making a surprise return to the stage. The reunion, confirmed last week, will see original members Sabrina Washington, Su-Elise Nash, and Alesha Dixon perform at Wembley Arena for a single night dedicated to the 25th anniversary of their debut album, Lickin’ on Both Sides.This performance marks the first time the trio has performed together since their split in 2005, following the collapse of their label, Telstar. The announcement comes at a time when UK Garage is experiencing a significant resurgence, driven by TikTok trends and a broader cultural appetite for Y2K nostalgia.Commercial Impact: 12 Million Records and CountingMis-Teeq’s reunion is not just a nostalgic trip; it represents a significant commercial milestone in the revival of the genre. The group’s cultural footprint is substantial, evidenced by their sales figures and streaming numbers.Sales Figures: Mis-Teeq sold approximately 12 million records during their peak.Streaming Success: Their track Flowers has garnered nearly 97 million streams on Spotify.Comparison: Their sales volume exceeds that of Girls Aloud, who sold 8 million records.Industry Shift: Addressing the Vocalist Pay GapBeyond the spectacle of the reunion, this event highlights a systemic issue within the music industry: the financial disparity faced by female vocalists, particularly in dance music. The article argues that despite creating the culture, vocalists often earn significantly less than producers and songwriters due to royalty structures that favor instrumental production.This reunion is viewed by many as a rare opportunity for the members to finally enjoy the financial rewards of their labor. It contrasts sharply with the struggles of peers like Leanne Brown of Sweet Female Attitude, who retrained as a teacher after earning little from her massive hit Flowers, and Jodie Aysha, who alleges she is owed six figures in royalties for her work on Heartbroken.Future Outlook: Beyond Nostalgia CapitalismWhile some critics label the reunion as "cynical nostalgia capitalism," the author suggests a more optimistic outlook. The performance offers a belated chance for Mis-Teeq to capitalize on their legacy. It also sets a potential precedent for other female vocalists in the genre to demand better financial structures, ensuring that the "spoils" of their work are distributed more equitably in future industry deals.
#Mis-Teeq #Alesha Dixon #UK Garage
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Entertainment Jun 02, 2026

Euphoria’s Third Season Mirrors a Generation Fueled by Andrew Tate and Bonnie Blue

The Guardian’s review argues that season 3 of *Euphoria* has become a hyper‑viral showcase of misog…
Lead: Euphoria’s third season as a mirror of a nihilistic generationThe latest season of Euphoria has turned into a relentless feed of meme‑ready moments, from OnlyFans storylines to snake attacks, that echo the outrage‑driven attention economy shaping today’s youth.Season three’s shock‑value tactics and controversial storylinesSet five years after high‑school, the series piles on sensational set‑pieces – pup play, sugar‑daddy deals, mummification fetishes, and a “Thotzilla” rampage – while foregrounding female characters who monetize their bodies for male pleasure. The narrative repeatedly pits empowerment against exploitation, most starkly in Cassie’s descent into viral OnlyFans content and the brutal assault of strip‑club dancer Kitty.Absence of hard metrics but cultural buzz indicatorsNo official viewership figures are cited in the article.The show’s moments have dominated social‑media feeds, spawning memes, discussion threads and “rage‑bait” headlines.Related coverage links to broader cultural debates about the manosphere, Andrew Tate and the Bonnie Blue documentary.Why the show resonates with the attention‑economy generationAccording to the review, the series captures how algorithms strip humanity by rewarding polarising content. Characters chase virality the way real‑world influencers chase followers, reflecting a cohort that grew up on figures like Andrew Tate and the Bonnie Blue documentary – both products of the same attention‑driven ecosystem.What this signals for future teen dramas and media criticismIf Euphoria continues to blend shock tactics with cultural critique, it may set a precedent for teen dramas to confront, rather than merely depict, the toxic mechanics of modern fame. The show’s willingness to expose the commodification of young women could spark deeper industry conversations about responsibility versus sensationalism.
#Euphoria #Sam Levinson #Sydney Sweeney
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Entertainment Jun 02, 2026

Global Highlights in 20 Photos

A collection of 20 photographs capturing significant moments from around the world, showcasing dive…
The Week in Pictures A stunning visual recap of the week's major events, told through 20 impactful photographs from various corners of the globe. Photography as a Universal Language The Guardian's weekly photo series continues to demonstrate the power of photography in bringing global stories to life, transcending linguistic and cultural barriers. Diverse Perspectives The photographs cover a wide range of topics, from natural wonders to human interest stories. Each image offers a unique perspective on current events, highlighting the diversity of human experience. A Visual Narrative This collection of images not only informs but also invites reflection on the complexities and beauty of our world.
#The Guardian #Photography #Global News
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Entertainment Jun 02, 2026

Beyond the Icon: Unveiling the Private Struggle in the New Marilyn Monroe Exhibition

The Academy Museum of Motion Pictures in Los Angeles has unveiled 'Marilyn Monroe: Hollywood Icon,'…
The Red Carpet and the Private RoomThe Academy Museum of Motion Pictures in Los Angeles has unveiled 'Marilyn Monroe: Hollywood Icon,' a new exhibition that promises to peel back the layers of the silver screen's most enduring myth. While the entrance hall features a red carpet and a massive video screen where Monroe blows kisses, the true depth of the exhibition lies in the juxtaposition of high glamour with intimate personal effects.Pink Dress: The iconic pink dress from 'Diamonds Are a Girl's Best Friend' takes pride of place, though it has rarely been seen publicly.Madison Square Garden Outfit: An elaborately sequined outfit with a feathered tail, worn during her announcement of her new production company on an elephant.Domestic Items: Simple pyjamas from 'The Seven-Year Itch' and a pair of jeans, highlighting her role in popularizing women's denim.From Gowns to Diaries: The Shift in Curatorial FocusCurator Sophia Serrano has moved beyond the typical display of costumes to include items that offer a raw look at Monroe's internal world. The exhibition features a collection of her belongings, including a telephone, marked-up scripts, a wine glass, and an address book. However, the most compelling artifacts are the personal letters and notes.Items on display include handwritten pages of free-associative musings, such as her fears of being perceived as trying to flatter others, and a letter to director John Huston declining a role in a film about Sigmund Freud due to family disapproval. These artifacts provide a psychological profile that contrasts sharply with her public persona.Deconstructing the 'America's Sweetheart' MythThe exhibition captures the tension between Monroe's public image as 'America's sweetheart' and her private struggles with fame. A restored audio recording of her final interview, published in Life magazine the day before her death, encapsulates this duality. In it, she admits, 'I like people, but the public scares me,' revealing a profound anxiety about the loss of privacy.The Future of Celebrity MuseumsThis exhibition, alongside others in London, signals a broader trend in the entertainment industry: a move toward psychological depth in celebrity retrospectives. Future museums are likely to prioritize personal diaries, raw audio recordings, and domestic items over just costumes, offering visitors a more empathetic understanding of the human cost of stardom.
#Marilyn Monroe #Academy Museum #Sophia Serrano
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Business Jun 02, 2026

Everyman's Luxury Cinema Crisis: Can New Leadership Revive the Brand?

Everyman’s December profit warning erased almost a fifth of its market value and triggered a leader…
Profit Warning and Leadership Turmoil Trigger Market ShockIn early December Everyman issued a profit warning that erased nearly one‑fifth of its market capitalisation, followed days later by the departure of its finance director and the abrupt resignation of CEO Alex Scrimgeour. The upheaval left investors jittery and set the stage for what analysts dubbed “a year to forget”.Financial Losses, Debt Burden and Share‑Price VolatilityPre‑tax losses exceed £56 m over the past six years; no profit since 2019.Debt stands at roughly £21.6 m and has been rising.Impairment charges totalled > £6 m in the last three years.Share price fell ~80 % over five years but has rebounded 24 % to 36p since the start of 2026.Market value remains around £32 m, essentially unchanged since the 2013 IPO.Competitive Pressures and Shifting Consumer Preferences Undermine Premium Cinema ModelRivals Odeon and Vue have launched their own premium concepts, eroding Everyman’s first‑mover advantage. At the same time, industry‑wide challenges – post‑pandemic attendance slump, Hollywood strikes and an uneven film slate – have reduced footfall. The chain’s historic reliance on site expansion masked underlying operational inefficiencies, such as under‑performing venues and high food‑and‑drink costs.Turnaround Path: Operational Overhaul and Gen‑Z AppealInterim CEO Farah Golant froze expansion and is focusing on debt reduction, menu optimisation and a digital pre‑order system. Analysts see potential in leveraging the £95‑£680 membership scheme, which grew 18.5 % to 67 000 members, and in targeting the emerging Gen‑Z cinema boom. Enhancements to kitchen efficiency, family‑friendly programming and third‑space venue design are expected to boost ancillary revenues.Outlook: Can the New Strategy Restore Growth?With a supportive shareholder base – notably Blue Coast (Lewis family) now holding just under 30 % – and a clear mandate to “reset to drive growth”, Everyman could stabilise by mid‑2027 if cost controls and the membership push deliver incremental cash flow. However, the company must out‑innovate larger chains and sustain a compelling experience to justify its premium pricing.
#Everyman #Farah Golant #Blue Coast
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Business Jun 02, 2026

Ferrari's Electric Car Sparks Backlash from Owners' Club

Ferrari's first fully electric car, the Luce EV, has sparked a backlash from the company's owners' …
The Unveiling of Ferrari's First Electric Car For passionate enthusiasts, Ferraris are not merely cars but works of art. The emotion stirred by their classic red curves is, they say, akin to standing before a Michelangelo sculpture, while the sound of the engine revving evokes a sensation comparable to listening to the music of Giuseppe Verdi or Giacomo Puccini. The Design of the Luce EV The Italian carmaker's first fully electric car, the Luce EV, unveiled this week, left many fans aghast. "I don't dispute the fact that it's electric – that's a generational step that needs to be taken," said Fabio Barone, the president of the Italy-based Passione Rossa Ferrari owners' club. "But the design was a total shock – it has shaken the very foundations of our legendary Ferrari." The Market Reaction The initial financial market reaction suggested investors had a clear view: Ferrari stock plunged 8.4% in Milan trading on Tuesday and US-listed shares fell 5.3%. On Thursday the share price staged something of a recovery, regaining 3.5%. The Impact on Ferrari's Brand The backlash "may not matter for the investment case" for Ferrari. Most analysts suggest it will produce fewer than 1,000 of the cars, so "Ferrari only needs to capture a small number of open-minded wealthy buyers". The Future of Ferrari's Electric Cars Ferrari's chief executive, Benedetto Vigna, said the car was garnering interest from potential buyers. During an event in Modena, Vigna dismissed the critics, telling reporters that people were writing to say they liked the Luce and were placing orders.
#Ferrari #Electric Car #Luce EV
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