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Business May 10, 2026

Stonewood Capital’s Seven‑Figure Bet on the Cornish Pirates

Stonewood Capital, led by Kenn Moritz and John H Tippins, has taken a strong minority stake in the …
Stonewood Capital, a US private‑equity firm, has committed a seven‑figure cash injection to the Cornish Pirates, a second‑tier English rugby club that was on the brink of collapse two years ago. The investment follows a Guardian story that caught the eye of the firm’s senior partners, marking a rare transatlantic bet on a regional sport.How a Guardian article sparked a transatlantic investmentThe catalyst was a December 2025 Guardian piece profiling the Pirates’ search for fresh capital. Kenn Moritz says the article “gave me an insight into what was going on in English rugby and piqued my interest.” Within five months, Stonewood secured a “strong minority interest” on the club’s board alongside local owners.December 2025 – Guardian article published.May 2026 – Stonewood announces investment.Current – Board seat taken; plans for stadium upgrades and academy development underway.Seven‑figure injection and ownership stakeThe firm has pledged an initial investment in the low‑seven‑figure range (estimated between £1 million and £5 million), securing a minority share and a strategic voice in club decisions. The capital is earmarked for:Stadium facility upgrades at Mennaye Field.Establishing a women’s team and youth academy.Strengthening the senior squad to compete for promotion.Both investors, in their 60s, come from industrial sectors, noting that “rugby is much more interesting than, say, manufacturing fibreglass fabric” and offers better “cocktail conversation.”What the deal means for English rugby’s second tierThe injection arrives as overseas interest in English rugby grows, with recent purchases of Exeter Chiefs and Newcastle Red Bulls. Stonewood’s entry highlights several trends:Second‑tier clubs are viewed as “fertile, low‑cost” assets compared with Premiership sides.US investors see the 2031 Rugby World Cup in the United States as a runway for brand exposure.Local debt burden is minimal thanks to former owner Sir Richard Evans, making the Pirates an attractive, low‑risk proposition.Analysts predict that such capital could lift the overall valuation of the RFU Championship, encouraging more private‑equity participation.Future outlook: ambition for Premiership and beyondClub chief executive Sally Pettipher envisions a five‑year plan that could see the Pirates “Prem‑ready” if the right conditions align. Key milestones include:Completion of stadium enhancements by 2028.Launch of a women’s side and academy by 2027.Targeting promotion to the Premiership within five years, contingent on sustained investment and on‑field success.With Stonewood’s capital and strategic guidance, the Cornish Pirates aim to transform from a near‑folded club into a flagship example of how targeted private‑equity can revitalize regional sport.
#Cornish Pirates #Stonewood Capital #Kenn Moritz
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Sports May 10, 2026

County Championship Live: Nottinghamshire Crush Surrey as Middlesex Upset Lancashire

On 10 May 2026 the County Championship saw Nottinghamshire post a massive 415‑run total to beat Sur…
The Lead: County Championship Action Peaks with Nottinghamshire’s Dominant WinSunday’s live updates delivered a whirlwind of scores across both divisions, highlighted by Nottinghamshire’s 415‑run innings that left Surrey reeling at 306‑6, and a surprise victory for Middlesex over Lancashire at Old Trafford.Key Match Outcomes Across DivisionsTrent Bridge: Nottinghamshire 415 v Surrey 306‑6Old Trafford: Middlesex 169 & 117‑4 beat Lancashire 201 & 84 by six wicketsSophia Gardens: Glamorgan 229 v Somerset 354 & 156‑9 (Somerset win)Edgbaston: Warwickshire 147 & 392‑5 v Yorkshire 152 (Warwickshire win)Division Two highlights: Derbyshire 604‑7dec v Northamptonshire 173‑6; Gloucestershire 325 & 39‑2 v Kent 327; Worcestershire 308 & 33‑0 v Durham 268Scorelines and Statistical HighlightsNottinghamshire posted the highest single‑innings total of the day (415), a +109 run margin over Surrey.Middlesex chased down Lancashire’s target with 27 runs needed and a decisive six‑wicket win.Glamorgan required 283 runs to win but fell short, leaving Somerset in control.Individual performances: Ben Geddes reached a fifty; Tom Abell scored 71 before being dismissed.Implications for the County Championship TableThe results tighten the race at the top of Division One. Nottinghamshire’s massive total propels them into the leading pack, while Surrey’s collapse may see them slip down the standings. Middlesex’s win over Lancashire could prove pivotal in the mid‑table battle, especially as Lancashire’s bowlers showed signs of fatigue.What to Watch in the Coming FixturesUpcoming matches will test whether Nottinghamshire can maintain momentum against the remaining top‑six sides. Surrey must regroup quickly, likely focusing on strengthening their middle order. Meanwhile, Glamorgan will need a big partnership to chase down Somerset’s imposing totals in the next round.
#Nottinghamshire #Surrey #Middlesex
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Entertainment May 10, 2026

The Impact of Jack Shepherd's Jazz Drama 'Chasing the Moment'

The article discusses the impact of Jack Shepherd's jazz drama 'Chasing the Moment', which was perf…
The Legacy of Jack Shepherd's 'Chasing the Moment' Jack Shepherd's plays have a unique way of storytelling, with a structure that feels effortless and natural. His play, 'Chasing the Moment', is a jazz drama that follows a group of musicians as they arrive at a pub to perform. The play explores themes of life, love, and loss, and features a cast of characters that come alive on stage. The Concept and Execution The play begins with the pianist, Les, already at the pub, and the other musicians arrive one by one. The drummer's sister manages the door and the petty cash box, and the owner of the pub is the final arrival. As the musicians start playing, the audience is transported to a world of jazz and storytelling. The Writing Style Shepherd's writing style is notable for its ability to give each actor a moment to shine and reveal their character's true nature. The play feels contrived, but in a good way - it's a carefully constructed narrative that allows the actors to bring the characters to life. Shepherd was a great actor's writer, and his plays are known for being real and authentic. The Future of 'Chasing the Moment' A revival of 'Chasing the Moment' is planned for the near future at the Arcola theatre in London. This will be the first time the play has been performed without Jack Shepherd's involvement, but it promises to be a fitting tribute to his legacy.
#Jack Shepherd #Chasing the Moment #Jazz Drama
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Entertainment May 10, 2026

Bank of Dave: The Musical review – a ebullient local hero story bursts into song

Bank of Dave: The Musical is a tremendously likable show based on the true-life story of Dave Fishw…
The Musical Review Bank of Dave: The Musical is a tremendously likable show. The source material is the feelgood true-life story of Dave Fishwick (Sam Lupton), the Burnley businessman whose egalitarian conscience led him to step in where others had failed. Seeing his fellow townsfolk being held back for want of money, he determined to set up a non-profit bank that would treat them with trust and respect. The Story Unfolds Presented as a David and Goliath battle between an impoverished former mill town and a self-serving banking sector, it is an underdog tale with a happy ending. Following the fictionalised outline of the 2023 Netflix film, starring Rory Kinnear, it has two big plus-points for a musical: a community that pulls together and a romantic subplot between a buttoned-up London lawyer (Lucca Chadwick-Patel) and a no-nonsense local doctor (a star performance by Lauryn Redding). The Performance Director Nikolai Foster fashions an ebullient, if a tad overheated show, forever erupting into big chorus numbers on Amy Jane Cook’s amorphous bar-room set with its backdrop of Lancashire chimneys and neat integration of Duncan McLean’s video designs. Pippa Cleary’s songs are bright and engaging, drawing on gospel, soul, hip-hop and Broadway golden age. The Verdict Like the film, the north-south divide is overegged – there is even an apology for the “southern saviour narrative” – and the honest-to-goodness characters flirt with cliche. Unlike the film, it comes clean about the story’s fabrications. Such honesty is consistent with a determinedly down-to-earth show that rails against inequality while championing the possibility of change. Show Details At Lowry, Salford, until 16 May then at Curve, Leicester, 20–30 May
#Bank of Dave #The Musical #Rob Madge
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Technology May 10, 2026

The Growing Resistance Against AI Datacenters: A Fight for Democracy

A growing movement to resist the construction of AI datacenters is gaining momentum across the US, …
The Rise of the Anti-Datacenter Movement Since the 2024 presidential inauguration, the Trump administration has been rolling out the red carpet for Silicon Valley's AI ambitions, doling out billions in federal subsidies and contracts to the cash-rich sector. However, an unlikely coalition has emerged to resist the AI takeover by targeting the industry's core infrastructure: datacenters. Local Opposition to Datacenters In 2025, about 48 datacenter projects worth an estimated $156bn were blocked or stalled by local opposition. The movement is growing, with communities across the US coming together to protest the construction of datacenters. From rural North Carolina to suburban Virginia, and from the foothills of New Mexico to the farmlands of Oregon, ordinary people are organizing to say no to a status quo that allows tech lobbyists to push through datacenter deals at a breathtaking clip. The Data Behind the Resistance 48 datacenter projects worth $156bn were blocked or stalled in 2025 10 counties in Indiana have enacted moratoriums or temporary bans on new AI datacenters The Seminole Nation in Oklahoma recently passed a moratorium for their territory Project after project has been cancelled in New Jersey due to local fury The Impact of the Anti-Datacenter Movement The fight against datacenters is not just about limiting local development; it represents a critical new front in the fight against tech-enabled authoritarianism. Datacenters provide a physical place and focal point where people can show up and directly confront out-of-control and otherwise impossible-to-reach tech billionaires. The movement is also bringing people together across partisan divides, with a shared concern for the environmental and social impacts of datacenters. The Future of AI Regulation The anti-datacenter movement is essential to amassing the political leverage required to implement popular and sensible safety measures. A national moratorium bill has been introduced by Bernie Sanders and Alexandria Ocasio-Cortez, which would force AI regulation. Maine has become the first state to pass a statewide moratorium on hyperscale datacenters. As the movement continues to grow, it's clear that AI is shaping up to be a key fault line in this year's midterms and the 2028 presidential race.
#Artificial Intelligence #Datacenters #Democracy
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Entertainment May 10, 2026

Recent Science Fiction, Fantasy, and Horror Book Reviews

A roundup of recent science fiction, fantasy, and horror books reviewed by The Guardian, featuring …
Exploring New Releases in Science Fiction and Fantasy The Guardian has published a review roundup of recent science fiction, fantasy, and horror books. The selection includes a variety of titles that showcase the diversity and creativity in these genres. In-Depth Look at Notable Titles The Republic of Memory by Mahmud El Sayed: A thought-provoking space opera set on a gigantic spaceship, exploring themes of language, culture, and revolution. The Rainshadow Orphans by Naomi Ishiguro: The first volume of a trilogy inspired by Japanese pop culture, set in a vibrant city with a mix of technology, magic, and adventure. No Ghosts by Max Lury: A unique ghost story that delves into the emotional undercurrents of contemporary life, blending elements of AI-generated film and psychic phenomena. Palaces of the Crow by Ray Nayler: A moving and thought-provoking novel set during World War II, exploring the lives of a doctor's daughter, a young soldier, and a Roma girl in a Lithuanian forest. Moon Over Brendle by Jeff Noon: A magical faux-autobiography set in Lancashire in 1968, where a strange multicolored dust known as Greot affects the world in mysterious ways. Why These Books Matter These books represent a small sample of the innovative and engaging works being published in the science fiction, fantasy, and horror genres. They offer readers a chance to explore new worlds, ideas, and perspectives, showcasing the versatility and creativity of authors in these fields. What's Next for Readers For readers looking to expand their literary horizons, these reviews provide a valuable guide to recent releases that are worth checking out. Whether you're a fan of space operas, magical realism, or psychological thrillers, there's something on this list for everyone.
#The Guardian #Book Reviews #Science Fiction
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Economy May 10, 2026

The Geopolitical Oil Shock: Winners and Losers in Africa's Energy Market

The escalating conflict in the Middle East has triggered a historic oil supply shock, creating a st…
The Geopolitical Oil Shock: Winners and Losers in Africa's Energy MarketThe outbreak of war between the United States and Israel and Iran has triggered what the International Energy Agency (IEA) describes as the most severe oil supply shock in history. This geopolitical escalation has fundamentally altered the economic landscape of the African continent, creating a dichotomy between resource-rich nations enjoying windfalls and import-dependent states grappling with spiralling inflation.The Human Cost of the Strait of Hormuz CrisisThe immediate impact of the conflict is most visible in the daily lives of ordinary citizens in import-dependent nations. In Kenya, motorcycle taxi driver Eric Wainaina has seen his livelihood decimated. Before the war, he covered up to 180km a day; now, rising fuel costs have cut his daily range in half, slashing his monthly income by 50 percent.Reduced Mobility: Wainaina can no longer work six days a week due to high petrol prices.Fare Adjustments: To survive, he has had to significantly increase fares, yet he is seeing fewer than 10 customers a day compared to the usual 20 to 30.Living Standards: Wainaina warns that his family may be forced to move to ancestral land in the rural hinterlands to survive.The crisis has pushed Kenya to seek a loan of up to $600m from the World Bank to shield its economy. The price of diesel in the country has surged by 24 percent to approximately $1.60 per litre, a cost that is rapidly becoming unsustainable for businesses and commuters alike.Quantifying the Energy DivideThe economic fallout is not uniform across the continent. While importers suffer, exporters are reaping significant financial rewards.Nigeria's Windfall: As Africa's largest oil producer, Nigeria has benefited immensely. Vanguard reports that Nigerian oil companies have earned a $4bn windfall, with Bonny Light crude prices rising by 66 percent from about $70.14 to an average of $116.84 per barrel.Global Production Drop: Goldman Sachs estimates the disruption in the Strait of Hormuz has reduced global oil production by 14.5 million barrels per day, equivalent to a 57 percent decline.Resource Scarcity: Nations with few energy reserves are facing mounting deficits, while oil-rich nations are seeing increased cash flow for infrastructure investments.Africa's Structural Refining DeficitThe disparity in impact highlights a deeper structural issue within the African energy sector. Despite holding roughly 12 percent of the world's oil reserves, the continent imports more than 70 percent of its refined fuel. The Africa Finance Corporation (AFC) warns of an 86-million-tonne fuel shortfall by 2040.This reliance on imported refined products leaves nations like Kenya exposed to global market volatility. The continent struggles with insufficient refining capacity, often exporting low-value crude while importing high-value refined products, a paradox that exacerbates the economic pain of supply shocks.Navigating Geopolitical VolatilityLooking ahead, the future for African nations will likely depend on their ability to diversify energy sources and manage diplomatic relationships. While Gulf states have committed $175bn to renewable energy projects in Africa, and China remains a major green energy investor, the immediate future remains tied to hydrocarbon markets.Analysts suggest that despite the hardships caused by the Iran war, African nations are unlikely to sever ties with the West. With the renewal of the African Growth and Opportunity Act (AGOA) and bilateral health strategies with the US, countries are expected to continue balancing their energy needs against their diplomatic and economic alliances.
#Iran #Africa #Oil Prices
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Politics May 10, 2026

South Africa's Top Court Revives Impeachment Inquiry Against President Cyril Ramaphosa

South Africa's highest court has cleared the way for the revival of impeachment proceedings against…
The Constitutional Court's Ruling South Africa's highest court has cleared the way for the revival of impeachment proceedings against President Cyril Ramaphosa, ruling that parliament's decision to block an inquiry four years ago was inconsistent with the constitution. Background of the Impeachment Inquiry Ramaphosa avoided impeachment proceedings in 2022 after his governing African National Congress (ANC) party used its parliamentary majority to reject a recommendation by an independent panel that he face an inquiry into the theft of a large sum of cash from his farmhouse two years earlier. The scandal, dubbed 'Farmgate', sparked accusations that he had failed to properly account for the source of the money hidden in a sofa. The Court's Decision and Its Implications On Friday, the Constitutional Court's Chief Justice Mandisa Maya said: 'The vote of the National Assembly taken on 13 December 2022 … is inconsistent with the Constitution, invalid, and it is set aside.' The court ordered that the independent panel's report be referred to an impeachment committee. The Road Ahead for the Impeachment Process The case was brought by two opposition parties – the Economic Freedom Fighters (EFF) and the African Transformation Movement (ATM). The EFF has called on Ramaphosa, who has been in power since 2018, to resign. Ramaphosa has denied any wrongdoing, saying the money came from the sale of buffalo at his farm. An impeachment committee is due to review evidence against him before deciding whether to recommend formal proceedings. The Potential Outcome of the Impeachment Inquiry However, even if it does, the president would still likely survive a vote in the lower house of parliament, where a two-thirds majority is required to remove him from office. Ramaphosa's ANC retains more than one-third of the seats in the National Assembly, despite losing its majority in 2024.
#Cyril Ramaphosa #South Africa #Impeachment Inquiry
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Tech May 07, 2026

Snap and Perplexity End $400M AI Deal

Snap has ended its $400M deal with Perplexity, which would have integrated Perplexity's AI search e…
The End of a Lucrative Partnership Snap has ended its $400M deal with Perplexity, a company that specializes in AI search engines. The deal, announced last November, would have seen Perplexity's technology integrated directly into Snapchat. Details of the Failed Partnership The deal was worth $400 million in cash and equity over one year. Perplexity's AI search engine was to be integrated into Snapchat's 'Chat' interface. The partnership was expected to contribute to Snap's financials in 2026. Snap and Perplexity 'amicably ended the relationship in Q1.' Impact on Snap's Financials Snap's sales guidance 'assumes no contribution from Perplexity.' The company revealed that its global daily active users (DAU) rose 5% year-over-year to 483 million, while monthly active users (MAU) also grew 5% to reach 965 million. The Future of AI Integration Snap CEO Evan Spiegel had previously stated that the deal reflected the company's vision to use AI to enhance discovery on Snapchat. The company remains focused on investing in AI and other technologies, such as intelligent eyewear. What's Next for Snap and Perplexity While the deal with Perplexity has ended, Snap continues to explore other partnerships and technologies to enhance its platform. The company will share more about its plans at AWE on June 16th.
#Snap #Perplexity #AI
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