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World Economy Apr 18, 2026

Franco Manca to shut 16 sites as soaring costs and over‑expansion curb UK sourdough pizza boom

UK sourdough pizza chain Franco Manca will close 16 restaurants under a company voluntary arrangeme…
When Franco Manca opened its first outlet in Brixton Market in 2008, its affordable, slow‑fermented sourdough pizzas quickly became a London sensation, drawing long queues and media buzz.Fast‑forward to 2026, the chain announced the closure of 16 restaurants via a company voluntary arrangement (CVA), endangering around 225 jobs. The sites slated for shutdown include nine locations in London – notably the original Brixton shop – as well as outlets in Hove and Glasgow.CEO Marcel Khan attributed the pull‑back to a “string of external cost pressures” hitting the hospitality sector, citing higher national‑insurance contributions, the living‑wage increase and rising business rates that have rendered several stores financially unsustainable.Despite speculation about a UK “peak pizza” moment, industry analysts say demand for pizza remains robust. Consultant Peter Backman notes that sourdough pizza now represents roughly 20% of all pizza sales and that the overall pizza market is growing faster than inflation.The sourdough trend, which exploded online during the pandemic, has migrated into supermarkets. Backman estimates that retail now accounts for about half of all pizza sales, and Mintel data shows sourdough‑based pizza products made up 29% of new launches between 2022 and 2025.However, the premium perception of sourdough means it commands higher prices. While a Margherita was £4.60 at the chain’s debut, recent visits record prices near £10, a jump that food‑blogger Gerry del Guercio says has eroded the brand’s original value proposition.Competitive pressure is also intensifying. Independent pizzerias and rivals such as Rudy’s and Pizza Pilgrims have accelerated growth, leveraging social media to attract cost‑conscious consumers who now favour supermarket‑bought pizzas or home‑baked alternatives.Industry observers, including CGA consultant Reuben Pullan, argue that Franco Manca’s challenges are less about waning consumer interest and more about the “unfortunate churn” caused by higher energy and procurement costs across a large estate of sites.Backman adds that the CVA could ultimately be beneficial, allowing the chain to shed under‑performing stores and regain financial flexibility. He concludes that Franco Manca still possesses a strong brand and a product in demand, suggesting the chain may stabilise after the restructuring.
#pizza #says #franco
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World Economy Apr 18, 2026

Earth's Brightness Increases by 16% Over 8 Years, Study Reveals Volatile Trends

Researchers at the University of Connecticut found that Earth's artificial light increased by 16% b…
A recent study funded by NASA has revealed that the Earth continues to get brighter every year, with a 16% increase in artificial light between 2014 and 2022. However, the progression has become increasingly volatile due to factors such as Covid-19, regulations on light pollution, and a faltering global economy.The study, conducted by researchers at the University of Connecticut (UConn), analyzed over 1.1 million satellite images taken over a nine-year period. The findings indicate that while some parts of the planet became dimmer, helping to offset a 34% overall rise in global radiance, others experienced significant brightening.Europe dimmed significantly due to efficiency regulations, while Venezuela lost more than 26% of its night-time light due to economic collapse. The Covid-19 pandemic also had an impact, with lockdowns, reduced industrial activity, and decreased tourism causing dimming in many areas.In contrast, Asia continued to lead all regions in brightening, with night-time light surging in China and northern India along with urban development. The study also revealed that energy conservation measures coincided with reduced light pollution in Paris and throughout France, which experienced a 33% dimming.The researchers used satellite images taken at approximately 1:30 am local time every day of the nine-year study period by NASA's Visible Infrared Imaging Radiometer Suite. The study's co-author, Zhe Zhu, described the experience as "like watching the heartbeat of the planet".The findings have significant implications for energy security and environmental sustainability. As Deborah Gordon, senior principal of the Rocky Mountain Institute's climate intelligence program, noted, "Understanding where gas is being wasted around the globe, and to have this data be public, is huge for energy, and economic and environmental security."
#light #study #researchers
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Economy Apr 18, 2026

Iran Conflict Darkens IMF Spring Sessions, Raising Global Recession Fears

The Iran war has eclipsed the IMF’s spring meetings in Washington, prompting warnings of the deepes…
Analysts warn that the world is confronting the most severe energy shock since the 1970s, a looming global recession and a renewed surge in living‑cost pressures that are hitting the most vulnerable households hardest.Against a backdrop of sweltering Washington heat, the atmosphere at the International Monetary Fund’s spring meetings shifted dramatically as delegates confronted the fallout from the Iran war. The usual optimism about rising living standards was replaced by a palpable sense of unease.IMF Managing Director Kristalina Georgieva addressed finance ministers and central‑bank governors, noting that “some countries are in panic” and urging that “the sooner it ends, the better for everybody.”Such gatherings are rarely venues for open geopolitical confrontation. Yet, as a record‑breaking April heatwave baked the capital, the mounting economic damage from the conflict could no longer be ignored.During a G20 breakfast that included U.S. Treasury Secretary Scott Bessent and outgoing Fed Chair Jerome Powell, participants described the mood as somber, with frank discussions about the war’s ramifications.Former IMF deputy managing director Mohamed El‑Erian likened the session to a “twilight‑zone meeting,” identifying three looming shadows: the overall health of the global economy, the disproportionate impact on lesser‑discussed nations, and the paradox that the United States, as the war’s initiator, would suffer comparatively less.British Chancellor Rachel Reeves started her day with a jog alongside counterparts from Spain, Australia and New Zealand on the National Mall, posting an Instagram selfie captioned, “Friends that run together – work together.” The image underscored her resolve to confront the war’s economic fallout.Reeves had earlier condemned the conflict as a “mistake” and “folly,” arguing that the war had not enhanced global security and was driving up energy prices for UK families and businesses.In a one‑on‑one with Bessent near the White House, Reeves emphasized the urgency of the situation, noting that the UK, like many other nations, was feeling the pain of higher energy costs triggered by the conflict.Despite the tension, the UK and the United States continue to share deep interests in artificial intelligence, financial services and trade, though the British government signalled little tolerance for the Iranian regime.The IMF’s own warning that the war could precipitate a global recession singled out the United Kingdom as the “biggest G7 casualty,” highlighting the stakes for British growth forecasts.Observers noted Reeves’s vocal stance, recalling earlier disagreements between Bessent and European Central Bank President Christine Lagarde that had remained behind closed doors.A cocktail reception at the British ambassador’s residence brought together senior diplomats and financiers—including Bank of England Governor Andrew Bailey and Barclays CEO CS Venkatakrishnan—where transatlantic friction was a hot topic, just weeks before King Charles’s state visit to the United States.Meanwhile, revelations about former ambassador Peter Mandelson’s vetting process added another layer of political strain for the UK government.Before the war, the IMF agenda focused on global cooperation, AI adoption, job creation and poverty eradication. The conflict has now complicated each of these priorities, especially the goal of coordinated international action.Former UK Foreign Secretary David Miliband observed that many nations are now “hedging against American decisions,” acknowledging the United States’ outsized role—about 25% of the global economy—while noting its recent retreat from several forums.The irony was not lost on participants: the meetings were held in institutions born out of U.S. leadership after World War II to prevent the economic chaos of the 1930s, yet they now convene amid a war that threatens similar turmoil.Economists also recognized that real policy leverage sits “two blocks away,” behind the security cordons surrounding the White House, casting doubt on the ability of the IMF and World Bank to influence the conflict directly.Amid the uncertainty, the rapid growth of AI—exemplified by Anthropic’s Mythos model—offers a glimmer of economic resilience, but most countries cannot afford to sever ties with the United States entirely.El‑Erian summed up the dilemma: “People want to go long the private sector and short the mess, but it’s almost impossible to do.”
#Iran #IMF #United States
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Entertainment Apr 18, 2026

Claudia Winkleman's BBC chatshow pulls modest ratings yet sparks doubts over her TV momentum

Six weeks before its launch, Claudia Winkleman was hailed for a string of hit formats, but her new …
Just a month and a half before the debut of Claudia Winkleman's eponymous BBC One chatshow, industry profiles lauded her as a presenter with a "Midas touch" for television formats. She had recently departed from the flagship Strictly Come Dancing and boasted recent successes such as The Traitors, its celebrity spin‑off, and Channel 4’s The Piano. After six episodes, the new programme is widely regarded as the least glittering entry in her recent résumé. While the format mirrors the familiar sofa‑chat style popularised by Graham Norton, critics note that it lacks the same cultural punch. In terms of viewership, the premiere on 13 March attracted 1.5 million live viewers, with an additional 700,000 watching via catch‑up services – a slight edge over the final episode of the 33rd series of Graham Norton’s show, traditionally the benchmark for the genre. Nevertheless, analysts describe the series as a dubious career move. The shadow of Norton looms large; the BBC’s decision to involve his production company, So Television, makes direct comparison inevitable, even though Winkleman’s set features a different colour scheme and opens with a pre‑credits “cold open”. Winkleman has introduced audience‑participation segments – from a man who talks to birds on social media to twin opera singers and a couple on their first date. Yet the guest roster remains modest, leaning heavily on theatre talent and stand‑up comedians rather than the A‑list film stars that routinely grace Norton’s programme. Timothée Chalamet, a marquee name who appeared on Norton’s show during the awards‑season rush, exemplifies the challenge. His recent controversial remarks about ballet and opera were made at a university event, underscoring how celebrity discourse is shifting toward podcasts and live streams rather than traditional chatshows. Despite the lukewarm reception, the show is expected to secure a second series, largely because the audience numbers, while not spectacular, are sufficient to avoid a damaging cancellation for the BBC. A third series, however, appears far from guaranteed. Critics also point to Winkleman’s on‑screen persona – described as “too nice and modest” – which contrasts with Norton’s sharper, more irreverent style. Coupled with a broader industry trend that sees the talk‑show format losing prominence, the future of the programme remains uncertain.
#Claudia Winkleman #BBC #Graham Norton
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Economy Apr 17, 2026

IMF and World Bank Restore Ties with Venezuela Under Interim Leadership

The IMF and World Bank have announced the resumption of ties with Venezuela under interim leader De…
The International Monetary Fund (IMF) and the World Bank have announced the resumption of ties with Venezuela under the country's interim leader, Delcy Rodriguez. This move comes after a period of severed relations that began in 2019 due to international disputes over the legitimacy of Venezuela's leadership. The IMF and World Bank had cut ties with Caracas in 2019 amid a split in the international community over whether to support Nicolas Maduro or Juan Guaido as the country's rightful leader following disputed presidential elections. IMF Managing Director Kristalina Georgieva stated that the institution had resumed dealings with Venezuela under Rodriguez's administration, guided by the views of its members. This step is expected to ultimately benefit the Venezuelan people. The World Bank followed suit, announcing that it would re-engage with Venezuela based on the outcome of the IMF's decision-making process. The bank had last made a loan to Caracas in 2005. These announcements come several weeks after the United States President's administration lifted sanctions on Rodriguez, further conferring legitimacy on her leadership. Rodriguez welcomed the announcements, calling it a significant achievement for Venezuelan diplomacy. Venezuela has one of the highest debt burdens in the world, with total external liabilities estimated at more than $150bn. The resumption of ties with the IMF and World Bank clears the way for Venezuela to request financial assistance if necessary to shore up its finances. In 2020, the IMF had rejected Venezuela's request for an emergency loan of $5bn to help fund its response to the COVID-19 pandemic, citing the lack of international consensus on Maduro's legitimacy. Venezuela has been a member of the IMF and World Bank since 1946.
#IMF #World Bank #Venezuela
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Technology Apr 17, 2026

Disney’s InfinityVision Spurs ‘Screenmaxxing’ as Premium Formats Battle for Cinema Audiences

At CinemaCon, Disney unveiled InfinityVision, a new certification for premium large‑format (PLF) sc…
Disney introduced InfinityVision at this year’s CinemaCon, positioning it as a certification for premium large‑format (PLF) auditoriums that meet or exceed undisclosed standards for screen size, brightness and sound quality. While the name sounds like a Marvel spin‑off, the label applies to any film, not just superhero titles. Disney claims roughly 300 screens worldwide already carry the badge, though a public directory has yet to appear. The timing is strategic: Disney’s Avengers: Doomsday is slated for a December debut that coincides with the release of the third Dune film, which has secured a limited run on coveted Imax screens. By promoting InfinityVision, Disney hopes to reassure audiences that alternative PLF venues—such as Dolby, RPX and other branded auditoriums—can deliver an equally spectacular experience, a tactic the author dubs screenmaxxing. Screenmaxxing has become a lifeline for a theatrical sector under pressure from streaming and rising ticket prices. Even the smallest multiplex PLF screens dwarf the televisions owned by the majority of consumers, yet theatres cannot simply charge a $5 premium for a larger screen; they need to sell a demonstrably superior visual and auditory package. Today’s market offers a bewildering array of PLF options, especially in cities where multiple chains compete. Directors like Ryan Coogler (Sinners) and the team behind Project Hail Mary use the variety of formats as a marketing hook, explaining aspect‑ratio differences and visual nuances to fans. Even legacy formats have resurfaced: Paul Thomas Anderson’s One Battle After Another revived the rarely used VistaVision, an analog high‑definition process dormant for half a century, alongside traditional 70mm and Imax prints. Adding to the mix, a new digital projector brand—HDR by Barco—is being rolled out to compete with Dolby‑branded auditoriums. The technology promises deeper blacks, heightened contrast and unprecedented brightness, and has already been adopted by the Alamo Drafthouse chain for its dine‑in locations. Many of these Barco‑equipped rooms also feature Dolby Atmos sound, though the author cautions against conflating sound systems with projection technologies. To gauge HDR by Barco’s performance, the writer visited the Brooklyn Alamo Drafthouse, one of three New York venues using the system (the others are Regal locations equipped with RPX screens). While the recent Super Mario Galaxy movie showcased the projector’s vivid palette, the reviewer chose a more demanding test: Lee Cronin’s horror‑reimagining The Mummy. Compared with a prior Dolby projection of the same film, the Barco version delivered a noticeable boost in clarity—especially in shadow‑heavy scenes—without the oversharpening or motion‑smoothing artifacts sometimes seen on consumer TVs. The experience was “brighter” yet retained natural colour balance, offering a subtle but real upgrade over standard cinema projection. Despite the technical gains, the piece questions whether another premium brand can truly shift audience habits. The author argues that healthy competition among laser‑projection systems may prevent theatres from settling for “dim” images, encouraging cinephiles to seek out PLF venues. However, blockbuster spectacles like the climactic battle in Avengers: Endgame remain visually underwhelming even on an InfinityVision‑certified screen, suggesting that format alone cannot rescue a film’s visual impact. Ultimately, the most compelling case for premium formats may be the construction of genuine Imax theatres, not retrofits. True Imax auditoriums prioritize height over width, delivering an immersive field of view that even high‑end digital projectors struggle to match. Yet only a few dozen such venues exist worldwide; most “Imax” screens are simply Dolby, Barco or RPX rooms equipped with the brand’s hardware. Screenmaxxing, therefore, is likely to remain a niche pursuit rather than a universal solution for the exhibition industry. While hunting for the loudest, sharpest presentation can be entertaining, an overabundance of competing formats may reinforce the perception that a standard movie‑going experience is insufficient—potentially undermining the very audience the industry hopes to attract.
#disney #infinityvision #dolby
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Music Apr 17, 2026

Welsh National Opera’s ‘The Flying Dutchman’ Dazzles Cardiff with Visual Spectacle and Intense Vocals

Welsh National Opera’s new staging of Wagner’s The Flying Dutchman, directed by Jack Furness, combi…
Richard Wagner’s near‑death at sea in 1839 inspired the legend of the cursed ghost ship that underpins The Flying Dutchman. The Welsh National Opera (WNO) brings this myth to life in a fresh production that treats the libretto as a poetic meditation on birth, love, and mortality. Directed by Jack Furness, the opening scene intertwines a woman’s labor with the overture’s turbulent surges, symbolising the birth of Senta—destined to lose her mother and become haunted by the Dutchman’s promise of redemption, which can surface only once every seven years. Visual motifs—circling movements, blood‑red dresses echoing the ship’s sails—reinforce the cyclical fate of both protagonists. Designer Elin Steele and lighting designer Lizzie Powell conjure stormy seas and mist without literal ships, allowing the audience to focus on the raw emotions conveyed by the singers. Minimalist set pieces, occasional gold‑dust flourishes, and precise costume changes keep the drama tight and immersive. The cast delivers a musically rewarding performance. James Creswell shines as Daland with crystal‑clear German diction, while Simon Bailey portrays the tormented Dutchman with a compelling blend of menace and sympathy, especially in the final act. Rachel Nicholls as Senta offers a believable, passionately deluded love, delivering bel canto lines with immaculate pitch. Tenors Trystan Llŷr Griffiths (the Steersman) and Leonardo Caimi (Erik) make strong impressions, though the opera’s numerous choruses feel over‑extended. The WNO orchestra, under the authoritative baton of outgoing music director Tomáš Hanus, creates a convincing tempest that underpins the drama. Facing a thin 2026/27 season, the company is eager to prove its vitality, making these performances a must‑see—though audiences should not anticipate a conventional resolution. Staging dates include the Wales Millennium Centre in Cardiff (19 April), Theatre Royal Plymouth (24 April), Birmingham Hippodrome (7 May) and Milton Keynes Theatre (15 May).Review by Rian Evans, The Guardian, 17 April 2026.
#his #dutchman #senta
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Politics Apr 17, 2026

Majority of Britons Back Rejoining EU, Poll Reveals

A recent poll indicates that over half of British voters support rejoining the EU, with strong back…
A significant 53% of all voters support a full return to the EU, with 83% of Labour voters, 84% of Liberal Democrat voters, and 82% of Green party voters backing the policy. In contrast, only 39% of Conservative voters and 18% of Reform voters support rejoining the EU.Labour's approach to EU relations has been described as 'muted' and may risk losing support among progressive voters and in 'red wall' constituencies. The party's policy is to align with, but not join, the single market, which means it has no say in shaping regulations and directives.Experts warn that Labour's strategy may be flawed, as the loss of the liberal voter base on issues like Brexit could be more damaging than the loss to pro-Brexit parties. Neil Kinnock, the former Labour leader, believes that Labour will one day campaign for rejoining the EU, but did not provide a timeline.Anand Menon, director of UK in a Changing Europe, argues that Labour's position on EU relations is contradictory and economically unsustainable. He suggests that aligning with EU regulation would require constant monitoring to prevent accidental divergence.
#labour #brexit #rejoining
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Environment Apr 17, 2026

David Attenborough's Emotional Revisit to Iconic Gorilla Encounter

The documentary 'A Gorilla Story: Told By David Attenborough' revisits the iconic gorilla encounter…
The most iconic sequence in wildlife filmmaking history has been revisited in a new documentary, 'A Gorilla Story: Told By David Attenborough'. The film, directed by Oscar-winning James Reed and produced by Leonardo DiCaprio, follows up on Attenborough's 1970s encounter with a family of gorillas in Rwanda. During the filming of 'Life on Earth,' Attenborough had a playful and profound encounter with the gorillas, which he described as having 'more meaning and mutual understanding in exchanging a glance with a gorilla than with any other animal I know.' The documentary reveals that while conservation efforts have led to a significant recovery of Rwanda's gorilla population, the specific family Attenborough met has undergone significant changes. The dominant silverback, Gicurasi, is aging, and a new challenger, Ubwuzu, is asserting his dominance, leading to power struggles and violence within the family. The film beautifully captures the personalities and social dynamics of the gorillas, but its short runtime of just over an hour leaves some storylines underdeveloped. Despite this, the documentary shines when Attenborough reflects on his past experiences and the gorillas he has come to know. As Attenborough approaches his 100th birthday, his appearance in the documentary adds an emotional and elegiac tone. His reflections on Pablo, a gorilla who protected his family to the end, are particularly poignant, showcasing Attenborough's ability to articulate moments with 'exactly the right weight.' 'A Gorilla Story: Told By David Attenborough' is now available on Netflix, offering a unique blend of natural history and personal reflection.
#David Attenborough #Gorilla family #Life on Earth
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