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TGI Fridays, a global bar-restaurant chain, is set for a UK revival under the leadership of Ray Blanchette, who has acquired the brand's UK arm. Blanchette, a former TGI Fridays kitchen manager, believes the chain can regain its momentum in the UK and expand globally to 1,000 outlets. The UK restaurant industry has faced significant challenges, including higher staffing, energy, and food costs, as well as decreased diner numbers due to financial constraints. However, Blanchette is optimistic about TGI Fridays' prospects, citing its rich history and legacy as a foundation for growth. Blanchette's investment firm, Sugarloaf, has taken control of the global master franchise for TGI Fridays and directly operates 11 US outlets and the UK restaurants. He plans to invest over £2.5m in revamping restaurants, updating kitchen equipment, and enhancing staff training. Blanchette acknowledges that the UK tax regime for high street businesses is 'problematic' and stifles growth. He hopes for government change, given hospitality's significant role as one of the UK's largest employers. The revamped TGI Fridays UK will focus on providing an 'over the top and fun' experience, with a new menu, affordable options, and improved service. Blanchette is confident that a turnaround is possible, having read hundreds of thousands of online reviews of the UK business.

Former Brazilian international Oscar has been forced to retire from professional football at the age of 34 due to cardiac problems, his club São Paulo confirmed on Saturday.The attacking midfielder had to spend five days in hospital after fainting during a routine medical in November, following which he was diagnosed with vasovagal syncope, a condition caused by a sudden drop in blood pressure, heart rate, and cerebral blood flow.Oscar, who had a contract set to expire in 2027, expressed his sentiments on retiring, stating, “I am ending a career here in São Paulo that has taken me practically to the four corners of the world,” in a club statement.During his career, Oscar played for prominent clubs including Chelsea and Shanghai Port. With Chelsea, he won two Premier League titles and the Europa League. In China, he secured three Chinese Super League titles with Shanghai.Oscar also had an illustrious international career, earning 48 caps for Brazil, winning the Confederations Cup, and playing in the 2014 World Cup on home soil.

American consumers are watching gasoline and airline fares climb, while economists warn that the war in Iran will keep pressure on prices across the U.S. economy.“The good old days are gone,” said Christopher Tang, a professor at UCLA’s Anderson School of Management who studies global supply chains. “We see gasoline prices rising now, but that’s only the tip of the iceberg; everything will become more expensive.”Since the conflict began in late February, crude oil has surged past $110 a barrel. The rally is tied to Iran’s leverage over the Strait of Hormuz, a narrow chokepoint through which roughly 20% of the world’s oil passes.In a recent address, President Donald Trump claimed the United States is “totally independent of the Middle East” and has “plenty of gas.” However, Brookings Institute’s energy‑security director Samantha Gross reminded listeners that oil is a globally traded commodity and the U.S. still imports significant volumes, meaning American consumers will face the same high prices as the rest of the world.Iran has either halted shipments through the strait or imposed a toll of up to $2 million per vessel. Tankers are forced to take longer routes or pay the fee, inflating logistics costs for all downstream users.Major logistics players are already passing those costs on. Amazon announced a 3.5% surcharge for third‑party sellers, while UPS and FedEx have introduced fuel surcharges exceeding 25%. The United States Postal Service will add an 8% surcharge to transportation rates starting 27 April, noting the charge is “less than one‑third of what our competitors charge for fuel alone.”When the prices go up, they rarely come back down— Christopher Tang, UCLACountries have dipped into strategic oil reserves to blunt the shock, but economists such as Virginia Tech’s David Bieri warn that refilling those stockpiles will require buying oil at today’s elevated prices, keeping the upward pressure on the market.Higher oil costs ripple beyond fuel. Crude is a key feedstock for chemicals, pharmaceuticals and fertilizers, meaning the surge could translate into higher prices for prescription drugs and groceries.Cornell University’s agricultural economics professor Christopher Wolf explained that diesel, a major input for farm equipment and fertilizer production, is also climbing, raising the cost of both crop cultivation and livestock raising.Retailers and food processors are already adjusting. “If we anticipate higher costs, we start raising prices early to avoid a sudden shock later,” Wolf said, describing a “rational expectations” approach.The Independent Grocers Alliance warned that a 10‑15% rise in fuel costs could lift food prices by 2‑4% by mid‑summer, underscoring the broader impact on household budgets.Although President Trump expects the United States to exit the Iran conflict within two to three weeks, experts agree that even a swift resolution will not instantly reverse the price spikes.The strait’s strategic importance means the political risk premium on oil will linger. “You never know when this could flare up again,” said Northeastern University’s Ravi Ramamurti, adding that the effect is likely to be persistent.As Tang summed up, “When the prices go up, they rarely come back down.”

Leeds United travel to West Ham for an FA Cup quarter‑final that both clubs would prefer to avoid, yet manager Daniel Farke is clear about his priorities. With an MA in economics and a diploma in sporting directorship, he stresses that Premier League survival is the club’s "bread and butter" and must come first.Off the pitch, the German‑born coach unwinds by immersing himself in literary fiction, counting Gabriel García Márquez’s One Hundred Years of Solitude among his favourites.Farke’s dual role as a tactician and a storyteller raises the question of whether he can engineer a season that delivers both survival and cup glory. A successful double could make it hard for the Elland Road hierarchy to deny him the new contract he desires."I’m a big believer in cup competitions," Farke said, emphasizing that Leeds will approach the West Ham tie "very, very seriously". He added that the squad will start strong unless a player shows a physical issue, in which case they will be protected.The risk of fielding a first‑choice XI against a relegation rival mirrors the 2013 Wigan experience, when the club won the FA Cup but suffered relegation three days later – a bittersweet double that highlighted the fine line between triumph and disaster.Leeds have failed to win any of their last six Premier League matches, drawing four, a run that has stalled momentum. A victory could act as a catalyst to change the narrative as the season draws to a close.Injury concerns loom over striker Dominic Calvert‑Lewin, who is undergoing a hamstring scan. The England international, who netted seven goals in six games at the end of 2025, has managed only two league goals this season. A fit Calvert‑Lewin could revive Leeds’ hopes of reaching their first FA Cup semi‑final since 1987 and keep his World Cup aspirations alive.The goalkeeping position also remains unsettled. After losing his starting spot to Karl Darlow, Lucas Perri has featured solely in the FA Cup this year, leaving the decision on who starts for the West Ham tie open.Financial pressures add urgency to Farke’s decisions. Leeds’ latest accounts reveal a £49.2 million pre‑tax loss for the year ending June 2025, and a costly stadium expansion project that would be jeopardised by relegation. This backdrop explains the psychological blow of a 1‑0 loss to an under‑strength Sunderland side earlier in the month.Farke believes a deep FA Cup run could erase lingering self‑doubt. "If we secure Premier League survival and go further in the FA Cup, we can write a special chapter for this club," he said, urging his squad to seize the chance to make history.

AI‑Driven Power Race The AI boom is prompting the biggest wave of power‑infrastructure investment since the early days of cloud computing. Companies are scrambling to lock in natural‑gas supplies and build on‑site generators, a move that could reshape electricity markets in the southern United States. Scale of the Projects Microsoft is partnering with Chevron and Engine No. 1 to construct a natural‑gas plant in West Texas that could reach 5 GW of capacity. Google has confirmed a collaboration with Crusoe for a 933 MW plant in North Texas. Meta is adding seven more plants to its Hyperion data‑center complex in Louisiana, bringing total on‑site capacity to 7.46 GW—enough, the company notes, to power the entire state of South Dakota. Combined, these projects exceed 13 GW, roughly equivalent to the average electricity demand of a mid‑size U.S. state. Supply Constraints and Cost Pressures Wood Mackenzie warns that turbine prices have surged 195% versus 2019 levels. If a 2020 turbine cost $1 million, the same unit now costs about $2.95 million, inflating the equipment share of a plant’s budget from 20% to up to 30%. The consultancy also notes a six‑year lead time for turbine delivery, meaning new orders cannot be placed until 2028. This bottleneck could delay the rollout of additional capacity precisely when AI workloads are accelerating. Resource Availability and Market Risks The U.S. Geological Survey estimates that a single gas‑rich region holds enough supply to power the entire United States for 10 months. While abundant, production growth in the three leading shale basins—responsible for three‑quarters of U.S. output—has slowed, tightening the long‑term outlook. Natural gas accounts for about 40% of U.S. electricity generation (EIA). Consequently, any spike in gas prices reverberates through wholesale electricity markets, raising the cost of power for all consumers, not just data‑center operators. Strategic Risks for Tech Companies Behind‑the‑meter gas plants allow firms to claim “self‑supply,” but they merely shift demand from the public grid to the gas grid, potentially driving up wholesale gas prices. Industrial users—petrochemical plants, fertilizer manufacturers—cannot easily substitute gas with renewables, so they may push back against large‑scale data‑center consumption. Extreme weather, such as the 2021 Texas freeze, can curtail wellhead output, forcing a choice between keeping AI workloads online or supplying heat to households. In sum, the AI‑driven rush for natural‑gas power plants highlights a fundamental physical constraint: the digital economy still depends on finite, market‑sensitive energy resources. Betting heavily on a commodity that can swing dramatically in price may prove costly if AI growth plateaus or if gas supply tightens.

The conflict between Iran, the United States, and Israel has escalated on day 35, with the US and Israel widening their attacks on Iranian infrastructure. The strikes have targeted a century-old medical research centre in Tehran, steel plants, and a bridge near the capital, which Iran claims was civilian infrastructure.The human toll continues to rise, with at least 2,076 people killed and 26,500 wounded in Iran since the start of the US-Israeli attacks. Iran's Foreign Ministry reports that more than 600 schools and education centres have been hit since February 28.Iran's military has vowed to continue the war until its enemies face 'humiliation' and 'surrender', warning the US against a ground invasion. The Iranian Foreign Ministry has stated that it is ready for any type of attack, including a ground attack.In a significant development, US Defense Secretary Pete Hegseth has abruptly fired the US Army's top general and two other senior officers, sparking speculation of a wartime leadership shake-up.The conflict has also drawn in other countries, with Pakistan pushing for US-Iran talks and the United Kingdom holding talks with about 40 countries on reopening the Strait of Hormuz, which carries about 20 percent of the world's oil and LNG. The US has lost 13 service members in combat and two to noncombat causes, with more than 200 injured.In Israel, sirens have become 'part of life', with residents repeatedly heading to shelters, especially in the Tel Aviv area. The conflict has also intensified along the northern front, with Hezbollah carrying out 60 military operations against Israel in 24 hours.

Iranian footballer Mona Hamoudi had one ambition when she boarded the flight to Australia for the Women’s Asian Cup: to play well. However, the tournament became a test of her skills, patience, and ability to make difficult decisions under enormous pressure.Hamoudi, a 32-year-old midfielder, was part of the Iranian national squad that travelled to Australia in early March. The trip unravelled into one of the most scrutinised episodes in the history of Iranian women’s sport. The squad had remained silent during the national anthem ahead of their Asia Cup opener against South Korea on March 2, two days after the United States and Israel went to war with Iran and killed Supreme Leader Ayatollah Ali Khamenei.Their silence was perceived by some as a protest against the Iranian government, and Iran’s state television branded the women as “traitors”. The players sang the anthem at their next two matches, but fears for their safety grew further after it was reported in the media that they were being monitored by Iranian government and football officials.Following Iran’s elimination at the group stage, five players – Hamoudi among them – claimed asylum and were granted humanitarian visas by the Australian authorities. However, after the rest of the squad left Australia on March 10, five of the seven later reversed course and said they would return to Iran – including Hamoudi.Hamoudi and teammate Zahra Sarbali describe the decision to return to Iran as inseparable from a sense of duty; to family, teammates, and “national obligation”, rather than a purely free choice made in calm and safety. They faced harassment and constant following from media and social media, and the expectations and pressure from the Iranian-Australian community.The journey back to Tehran was marked by fear and tension, with the media attention that had followed them throughout the tournament only intensifying once they were back in Iran. The football federation offered formal support, and the players appeared on national television after their return and resumed training as normal.On March 19, the team were met in Tehran with a hero’s welcome from the public, with several thousand people gathering in Valiasr Square, many holding Iranian flags. However, fears remain over the consequences for their careers and how their every future action might be interpreted.Maryam Irandoust, a former head coach of the Iranian women’s national team, said these experiences will carry a psychological weight onto the pitch, directly affecting performances in training and in matches. Adel Ferdosipour, a veteran Iranian sports journalist, warned that any punishment of the players could deter future footballers from representing Iran.

President Donald Trump has taken a significant step to push for pharmaceutical deals by signing an executive order that could impose tariffs of up to 100% on some patented drugs. This move is part of his administration's effort to secure lower prices for medicines.Under the executive order, companies that have signed a 'most favoured nation' pricing deal and are actively building facilities in the US will have a zero-percent tariff. For those that don't have a pricing deal but are building such projects in the US, a 20 percent tariff will apply, but it will increase to 100 percent in four years.A senior administration official stated that companies still have months to negotiate before the 100 percent tariffs kick in. Bigger companies will have 120 days, and 180 days are offered for everyone else.The administration has already reached 17 pricing deals with major drugmakers, 13 of which have signed. The executive order aims to address the threatened impairment of national security posed by imports of pharmaceuticals and pharmaceutical ingredients.Critics, pharmaceutical leaders, and medical groups have warned of the consequences the new tariffs could bring, including increased costs and potential jeopardy to billions in US investments. The pharmaceutical company trade group PhRMA has expressed concerns that taxes on cutting-edge medicines will increase costs and could jeopardize investments.

Liverpool's season has reached a critical juncture, with five matches in 16 days set to determine the fate of manager Arne Slot's vision for the team. The Reds face a daunting schedule, including cup quarter-finals against Manchester City and Paris Saint-Germain, as they seek to salvage a disappointing campaign.The team's inconsistent form has raised concerns about their ability to secure Champions League qualification, a crucial aspect of the club's business model. Liverpool's recent performances have been marred by defeats to Wolves and Brighton, highlighting issues with fitness levels, efficiency in front of goal, and organisation.The return of Alexander Isak to team training could provide a much-needed boost, but the striker will have to prove himself upon his return to competitive action. Isak's partnership with Florian Wirtz has been limited due to injuries, and the duo will need to deliver to justify Liverpool's £125m investment in the striker.Liverpool's hierarchy, including owner Fenway Sports Group and sporting director Richard Hughes, are aware of the challenges faced by Slot this season, including the death of Diogo Jota and injuries that have hindered the team's performance. However, the club's supporters are growing increasingly disillusioned, with ticket price increases and a record revenue of £703m failing to translate to on-field success.A positive note was struck by Jürgen Klopp's return to Liverpool, which drew a sellout crowd of 60,482 and raised over £1m for the LFC Foundation. Nevertheless, the adoration for Klopp contrasted with the frostiness towards Slot, highlighting the challenges faced by the current manager in reviving the team's fortunes.