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Business May 29, 2026

OurCoop triples CEO pay to £2.2m amid falling profits and sales

OurCoop, the mutual retailer that runs about 500 food stores in England, raised its chief executive…
Executive pay surge despite profit slumpThe independent mutual OurCoop approved a total pay package of £2.16 million for chief executive Deborah Robinson, an increase of more than three times the previous level, while the group reported a 4.4% drop in sales and a near‑50% fall in trading profit.Breakdown of the remuneration increasesRobinson’s package comprised an 11.5% rise in basic salary, a £1.1 million “incentive” payment and a one‑off discretionary award of £400,000. The finance, technology and property officer, Selina Butterfield‑Mashoofi, saw her total remuneration rise to £1.13 million, including a £500,000 incentive and a £212,015 one‑off payment; her base salary jumped from £257,606 to £400,000.Financial snapshot: sales down 4.4% and profit halvedSales for the year to 24 January fell 4.4% to £844.6 million.Trading profit shrank to £4.3 million, almost half of the prior year’s figure.Net debt increased to £36 million.The decline was partly attributed to supply disruptions after a cyber‑attack on the larger Co‑op Group, which provides a portion of OurCoop’s stock.Member backlash and governance questionsMembers criticised the lack of a profit‑share distribution this year and voiced concerns that the remuneration committee’s decisions were not transparent enough. One member told the Guardian that the figures were not read out at the annual meeting, while former staff on LinkedIn called the bonuses “galling” and “hard to justify”.OurCoop defended the raises, stating the remuneration policy was revised to retain senior talent amid “major strategic” mergers that created the new mutual.What the pay rise signals for mutual retailers’ futureThe episode highlights a tension between cooperative governance ideals and market‑driven talent retention strategies. If member scrutiny intensifies, future remuneration packages may need clearer benchmarking against comparable mutuals or tighter caps tied to performance metrics. Conversely, continued executive pay growth could set a precedent that reshapes compensation norms across the UK cooperative retail sector.
#OurCoop #Deborah Robinson #Selina Butterfield-Mashoofi
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Lifestyle May 29, 2026

'It's become something of a craze': Influencers spark French cheese shortage

A once-niche French cheese, cancoillotte, has suddenly surged in popularity thanks to social media …
The Rise of Cancoillotte: From Niche Product to Social Media SensationIn the village of Franois, eastern France, a stream of what looks like runny, beige gloop is being potted, packaged and dispatched for delivery as fast as it can be made. The freezer room, normally piled high with pallets of the product, is almost empty. This is cancoillotte - a cheese product that until recently was little known outside the eastern Franche-Comté region - and it's experiencing unprecedented demand.The Health Food Breakthrough: Why Cancoillotte Captured Influencers' AttentionUnlike most cheeses, cancoillotte is low in fat, high in protein, cheap and until recently something of a niche product outside the Franche-Comté, the region flanking France's border with Switzerland. This unique nutritional profile has made it a favorite among health and fitness influencers who want to enjoy cheese without compromising their dietary goals.Julie Morin, director of the Poitrey la Belle Étoile fromagerie near Besançon, and president of the Association for the Promotion of Cancoillotte, said the sudden demand had taken her and the region's 22 cancoillotte producers by surprise. "There's been a slow progression in sales of cancoillotte over the last seven years, but the influencers have produced a big boom, which we didn't expect," said Morin during a tour of the fromagerie established almost 150 years ago.The Economic Impact: Shortages and Production ChallengesThe boom in sales has resulted in what producers call a "rupture" in supplies - an unprecedented shortage of the product. "What with all the new enthusiasm for the cheese and the May bank holidays we couldn't produce as much as usual so we had a bit of a shortfall, but we're making it up," explained Morin. The sudden surge in demand has caught local producers off guard, with many struggling to scale up production quickly enough to meet the new market demand.Content creator Johan Papz, with 1.5 million followers on TikTok, called it "the best day" of his life when he tasted cancoillotte, adding: "My eating has changed forever." Influencer Itscindyoff has made 178 TikTok videos lauding cancoillotte and traveled 500km to the Franche-Comté to buy as many different flavors as possible.Regional Transformation: How Cancoillotte is Changing Franche-Comté's Food LandscapeFrance may be what Charles de Gaulle described as an ungovernable country of 246 kinds of cheese, but only one of them can claim to have won the hearts of fitness fanatics and social media influencers. This sudden popularity is transforming the local food industry in Franche-Comté, where cancoillotte has been produced for centuries.The cheese even has its own eating competition. Last year's winner, Maximilien Reverchon, put away 1.75kg at Larians-et-Munans in the Franche-Comté without the help of bread or biscuits. Such cultural recognition, combined with the social media buzz, is elevating cancoillotte from a regional specialty to a national phenomenon.The Future of Cancoillotte: Sustaining the MomentumUntil now, cancoillotte has been a product that was difficult to advertise. So we are surprised and happy it's become something of a craze and hoping it will last," said Morin. Local producers are now exploring ways to capitalize on this unexpected popularity while maintaining the traditional methods that give the cheese its unique character.Nicknamed "the glue" by some local people because of its sticky consistency, the history of cancoillotte is said to date from the middle ages in the Jura mountains. It went into production around the first world war when it became popular with soldiers on the frontline. This rich heritage, combined with its modern health credentials, positions cancoillotte for potential long-term success beyond its current social media moment.
#Cancoillotte #French cheese #Social media influencers
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Sports May 29, 2026

Netherlands' 2026 World Cup Preview: Can They Finally Break Their Final Curse?

The Netherlands enter the 2026 World Cup with a talented but injury-hit squad, featuring key player…
The Netherlands' World Cup Quest: Breaking the Final Jinx The Netherlands enter the 2026 FIFA World Cup with a talented squad that has been unbeaten in qualifying, yet carries the weight of history as three-time runners-up who have never lifted the trophy. Coach Ronald Koeman returns for his second stint at the helm, hoping to guide this more cohesive Dutch side beyond the final hurdle that has eluded previous golden generations. Reijnders: The Midfield Engine Manchester City's Tijjani Reijnders has emerged as the Netherlands' midfield heartbeat, establishing himself as one of Europe's finest midfielders. After two outstanding years at AC Milan where he was named Serie A Best Midfielder, he has adapted well to life under Pep Guardiola. While his five goals and two assists in 28 Premier League appearances don't tell the full story, his all-action style—linking defense and attack, breaking up opponents' play, and providing a classy presence on the ball—makes him indispensable for the Netherlands. When he performs well, the team typically follows suit. A Solid Foundation with Injury Concerns The Dutch boast a formidable defensive core led by Liverpool legend Virgil van Dijk, complemented by Micky van de Ven, Jurrien Timber, and Jan Paul van Hecke. In midfield, Ryan Gravenberch provides both defensive stability and attacking threat, while Cody Gakpo offers significant danger out wide and in front of goal. However, the squad faces significant injury concerns, with playmaker Xavi Simons ruled out for the tournament after an ACL rupture, Memphis Depay struggling with a hamstring injury, and Jurrien Timber sidelined with a groin issue. These absences could severely impact the team's balance and creativity. Koeman's Challenge: Managing Talent and Egos Returning to the national team for a second stint, Ronald Koeman faces the delicate task of balancing world-class talent with a squad that has inconsistencies. After previous Dutch sides were undermined by fractious egos and strong personalities, this current squad appears more cohesive. Koeman's experience as both a player and manager, coupled with his popularity with the players, positions him well to navigate these challenges. His ability to integrate the returning Depay while managing the fitness concerns of key players could determine the Netherlands' fate in the tournament. Group Stage: A Path to the Knockouts Drawn in Group F alongside Japan, Sweden, and Tunisia, the Netherlands should have a relatively comfortable path to the last 32. The opener against Japan presents the toughest challenge, as the Japanese side is considered a dark horse after defeating England at Wembley. Sweden, despite a poor qualifying campaign, possesses dangerous players like Victor Gyokeres and Anthony Elanga. The final match against Tunisia should be more straightforward, though the North Africans have a reputation for being obdurate opponents in major tournaments. World Cup Prediction: Last 16 Hurdle While the Netherlands boast undeniable talent, Al Jazeera predicts they will fall at the last 16 stage. The squad lacks the elite quality and cohesion to become a team greater than the sum of its parts. Historical patterns suggest the Dutch often underperform in major tournaments despite their star players, and the current injury concerns further diminish their chances of finally breaking their final curse and lifting the trophy. Netherlands' Group Stage Fixtures June 14: Netherlands vs Japan (Dallas, United States), 4pm ET (20:00 GMT) June 20: Netherlands vs Sweden (Houston, United States), 1pm ET (17:00 GMT) June 24: Tunisia vs Netherlands (Kansas City, United States), 7pm ET (23:00 GMT) Squad to Watch Goalkeepers: Bart Verbruggen (Brighton), Robin Roefs (Sunderland), Mark Flekken (Bayer Leverkusen) Defenders: Jurrien Timber (Arsenal), Micky van de Ven (Tottenham), Virgil van Dijk (Liverpool), Nathan Ake (Manchester City), Jorrel Hato (Chelsea), Denzel Dumfries (Inter), Jan Paul van Hecke (Brighton) Midfielders: Ryan Gravenberch (Liverpool), Tijjani Reijnders (Manchester City), Frenkie de Jong (Barcelona), Teun Koopmeiners (Juventus), Marten de Roon (Atalanta), Quinten Timber (Marseille), Guus Til (PSV Eindhoven), Mats Wieffer (Brighton) Forwards: Brian Brobbey (Sunderland), Memphis Depay (Corinthians), Cody Gakpo (Liverpool), Justin Kluivert (Bournemouth), Noa Lang (Galatasaray), Donyell Malen (Roma), Crysencio Summerville (West Ham), Wout Weghorst (Ajax)
#Netherlands #World Cup 2026 #Ronald Koeman
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Science May 29, 2026

The Hidden Kingdom: Oak Apples and Their Royal Connection

Once a public holiday celebrating the restoration of the monarchy, Oak Apple Day (May 29th) marks a…
The Royal Legacy of Oak ApplesOnce a public holiday celebrating the restoration of the monarchy, Oak Apple Day (May 29th) marks a fascinating natural phenomenon where oak trees develop galls known as 'oak apples' through the lifecycle of the Biorhiza pallida gall wasp. These remarkable structures support diverse ecosystems and represent a unique intersection of natural history and royal heritage.The Biology Behind the Royal SymbolThe oak apples begin forming when an agamic, wingless female oak apple gall wasp emerges from a gall in the oak's roots. She climbs the tree and injects a cluster of eggs and venom into a leaf bud. The hatched grubs then produce substances that cause a tumor-like effect on the oak cells, forming the apple-like gall. Inside this protective structure, the larvae feed in individual chambers until they mature.A Microcosm of BiodiversityThe oak apple gall serves as a complex habitat supporting numerous species. Beyond the Biorhiza larvae, other gall wasps live commensally within the structure, including inquiline species and hyperparasitic wasps that feed on the primary inhabitants. Additionally, specialized communities of fungi and microbes thrive within the gall, creating a miniature ecosystem within the larger oak tree environment.From Royal Celebration to Natural RestorationWhile Oak Apple Day is no longer observed as a public holiday, the natural phenomenon it commemorates continues its annual cycle. The transformation from shiny, cherry-like galls to larger, browner, mottled structures represents the progression of the gall wasp lifecycle. As larvae mature and emerge as adults—some winged males flying off to find mates, others wingless females descending to lay eggs in rootlets—the cycle continues, connecting generations through this remarkable biological process.A New Celebration of Natural HeritageAs we move forward, perhaps Oak Apple Day can be reimagined not just as a celebration of royal restoration, but as a recognition of nature's resilience and the intricate connections between species. The ancient oak trees, older than Charles II himself, stand as living monuments to both historical events and natural processes. Their galls, once symbols of royal escape, now represent the complex, interdependent web of life that continues to thrive in the English countryside.
#Oak Apple Day #Charles II #Biorhiza pallida
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Sports May 29, 2026

Messi Named Argentina Captain for 2026 World Cup Amid Injury Concerns

Lionel Messi has been confirmed as Argentina’s captain for the 2026 World Cup, with coach Lionel Sc…
Lead: Messi Confirmed as Argentina Captain for 2026 World CupLionel Messi will lead Argentina’s defense at the 2026 World Cup, as national coach Lionel Scaloni unveiled a 26‑man squad on Thursday, dispelling lingering injury doubts.Scaloni Announces Squad and Leaves Out Rising Star Franco MastantuonoScaloni’s roster retains 17 members of the 2022 title‑winning side and adds a mix of veterans and newcomers. Notably, Real Madrid prospect Franco Mastantuono was omitted despite his reputation as a top prospect.26‑man squad announced17 players from 2022 championsKey exclusions: Mastantuono, Emiliano Buendía, Paulo DybalaNumbers Behind the Selection: Squad Composition and Recent FormThe squad features:Goalkeepers: Emiliano Martínez, Gerónimo Rulli, Juan MussoDefenders: 8 players, including Lisandro Martínez (Manchester United) and Cristian Romero (Tottenham Hotspur)Midfielders: 7 players, with Enzo Fernández (Chelsea) and Alexis MacAllister (Liverpool)Attackers: 8 players, headlined by Messi (Inter Miami)Messi’s recent MLS match ended with a 73rd‑minute substitution due to left‑hamstring fatigue, but Scaloni says further tests are pending.Strategic Impact: What Messi’s Captaincy Means for Argentina’s Title DefenseKeeping Messi as captain reinforces continuity after the 2022 triumph and signals confidence despite his injury scare. The blend of experienced World Cup veterans and emerging talent aims to maintain the team’s tactical flexibility across a tournament that will span three host nations.Looking Ahead: Fitness Outlook and Argentina’s Group‑Stage ProspectsMessi’s recovery timeline hinges on “clinical and functional progress,” according to Inter Miami. If cleared, Argentina opens against Algeria in Kansas City on June 16, followed by matches versus Austria and Jordan. The squad’s depth suggests they can remain competitive even if Messi’s minutes are limited.
#Lionel Messi #Argentina #Lionel Scaloni
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Politics May 29, 2026

US Moves to Label Brazil’s PCC and Comando Vermelho as Terrorist Organizations

The United States will label Brazil’s two biggest criminal networks, the Primeiro Comando da Capita…
Secretary of State Marco Rubio announced on Thursday that the United States will designate the Primeiro Comando da Capital (PCC) and Comando Vermelho as foreign terrorist organizations, effective June 5. The designation adds to earlier “Specially Designated Global Terrorist” labels and blocks the groups’ access to U.S. assets. US Announces Terrorist Designations for Brazil’s Two Largest Gangs Targeted groups: PCC and Comando Vermelho, Brazil’s two biggest criminal networks. Designation type: Foreign Terrorist Organization (more restrictive than SDGT). Effective date: June 5, 2026. Rationale cited: protecting U.S. citizens and disrupting narco‑terrorist revenue streams. Financial and Legal Implications of the New Labels Both groups lose access to any assets under U.S. jurisdiction. U.S. authorities can freeze accounts, prohibit transactions, and restrict financial institutions from dealing with the groups. Brazilian President Luiz Inácio Lula da Silva has warned the move could be used to penalise banks or individuals linked to the gangs. In March, Lula launched a $2 billion program to dismantle the financial underpinnings of criminal networks, including the PCC and Comando Vermelho. Political Ripple Effects Ahead of Brazil’s Presidential Election The designations arrive as Brazil heads into a tightly contested October election. Lula, seeking a fourth non‑consecutive term, faces right‑wing Senator Flávio Bolsonaro, who has close ties to the Trump administration. Rubio confirmed that Senator Bolsonaro petitioned President Trump to pursue the terrorist labels. Critics fear the move could be leveraged to influence the election by framing security as a decisive issue. What the Designations Could Mean for US‑Brazil Relations Lula’s foreign‑affairs adviser, Celso Amorim, welcomed cooperation on money‑laundering and arms‑trade but warned against any “pretext for intervention.” The move may strain diplomatic ties, especially after recent U.S. actions such as the alleged abduction of Venezuelan President Nicolás Maduro. Future U.S. policy could hinge on Brazil’s response to the $2 billion security initiative and its willingness to cooperate on financial investigations.
#United States #Brazil #Primeiro Comando da Capital
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Sports May 28, 2026

IOC President Coventry’s Anti‑Prize‑Money Remarks Ignite Global Athlete Outcry

IOC President Kirsty Coventry sparked a social‑media firestorm by declaring athletes should not be …
IOC President Kirsty Coventry sparked a social‑media firestorm by declaring athletes should not be paid prize money at the Games, prompting a wave of criticism from Olympians worldwide.Coventry’s anti‑prize‑money stance fuels athlete criticismDuring an interview with New Zealand outlet Sport Nation, Coventry said, “I don’t believe in paying athletes… I come from a small country… I still don’t think we should be paying athletes at the Olympic Games.” She added that the IOC should focus on talent identification and support for athletes from smaller nations. The remarks arrived on her first Oceania visit as the first woman and first African chief of the IOC.Prominent athletes responded on Instagram, with Cameron McEvoy calling the timing “inopportune” after the controversial Enhanced Games offered lucrative payouts. Former champions Filippo Magnini, Grant Hackett, Roland Schoeman, and others echoed the sentiment that athletes sacrifice without financial reward.Financial figures underline the controversy$12.4 b – total revenue generated by the IOC in the 2021‑2024 cycle.74 % – portion of that revenue redistributed back into international sport.$250,000 – prize awarded per gold medal at the Enhanced Games.$1 m – bonus earned by swimmer Kristian Gkolomeev for a “world‑record” at the same event.$350,000 – reported annual salary for the IOC president.Broader impact on Olympic governance and athlete rightsThe backlash has revived calls for an athletes’ union and a review of the IOC’s use of athletes’ name, image, and likeness (NIL). Critics point to the World Athletics decision to award $50,000 for Olympic gold as a benchmark, while questioning why the IOC, which commands billions, does not adopt a similar model.Former champion Greg Rutherford and Paralympic star Hunter Woodhall labeled the stance “embarrassing” and urged faster formation of a union. The debate also intersects with recent controversies over gender‑verification policies and past financial scandals involving the former president Thomas Bach.What’s next for IOC compensation policies?Analysts suggest the mounting pressure could force the IOC to explore NIL‑type arrangements or introduce modest prize pools to retain athlete goodwill. If the union movement gains traction, the organization may face a governance overhaul similar to the NCAA’s 2021 NIL reforms.Until a concrete policy shift is announced, the conversation around athlete compensation is likely to dominate Olympic discourse in the lead‑up to the 2028 Los Angeles Games.
#Kirsty Coventry #IOC #Athlete Compensation
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Tech May 28, 2026

Visa Invests in Replit to Power Agentic Payments for Developers

Visa has made an undisclosed investment in AI coding platform Replit and is exploring how to embed …
Visa has disclosed an undisclosed investment in AI coding platform Replit, aiming to embed its payment suite directly into the developer environment so that both developers and AI agents can accept payments without leaving the platform. Strategic Investment and Joint Exploration of AI‑Powered Payments The two companies are testing how Visa Intelligent Commerce and the Trusted Agent Protocol can be woven into Replit’s workflow. More than 1,000 Visa employees already use Replit for prototyping, and the collaboration remains in an exploratory stage with no formal product announcements. Valuation Surge and Funding Milestones Highlight Replit’s Growth September 2025: Replit reached a $3 billion valuation. March 2026: Raised $400 million in a Series D led by Georgian Partners, pushing valuation to $9 billion. Enterprise self‑serve contracts now allow deals up to $200,000 without sales interaction. Customer churn is described as "very, very low" with net retention hitting 300 % in some cases. Implications for the Emerging Agentic Payments Ecosystem The move underscores a broader race to build infrastructure for "agentic payments," where AI agents transact on behalf of users. Competitors such as Robinhood (agent‑driven trading) and Google (shopping agents) are pursuing similar capabilities, suggesting the market will soon demand secure, verifiable AI‑mediated transactions. Future Trajectory: From Prototype to Mainstream Agentic Commerce If the exploratory projects mature, Replit could become a one‑stop shop for developers to build, host, and monetize AI agents, accelerating adoption of Visa’s Trusted Agent Protocol. Analysts anticipate that as enterprise adoption grows and churn remains low, the partnership may evolve into a commercial product suite within the next 12‑18 months, positioning Visa and Replit at the forefront of the next wave of AI‑driven commerce.
#Visa #Replit #AI Payments
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Politics May 28, 2026

Gold Rush: Former CIA Official Accused of Stealing $40 Million in Gold Bars

A former senior CIA employee, David Rush, was arrested after investigators uncovered more than $40 …
A former senior CIA official, David Rush, was taken into custody on May 19 after a joint CIA‑FBI operation uncovered a cache of 303 gold bars valued at over $40 million, along with $2 million in cash and luxury watches. The alleged theft, spanning from 2009 to 2026, has ignited scrutiny of the agency’s internal oversight and the use of gold in covert government finance.Details of the Alleged Embezzlement and the Gold Bar CacheRush, a former senior executive‑service level employee with top‑secret clearance, is accused of misappropriating government assets for personal gain.The FBI affidavit states he claimed military leave and education credentials that were later proven false.From November 2025 to March 2026, he allegedly requested “significant quantity of foreign currency and tens of millions of dollars in gold bars for work‑related expenses.”Searches on May 18 revealed 303 gold bars (≈1 kg each), $2 million in U.S. currency, and 35 luxury watches, many Rolexes.Financial Scale: Valuation of Gold, Cash, and Luxury Watches303 gold bars – estimated market value > $40 million.$2 million in U.S. cash recovered.35 high‑end watches, primarily Rolex, estimated at several hundred thousand dollars.Potential additional undisclosed assets, given the “significant quantity” of foreign currency mentioned in the affidavit.Implications for CIA Oversight and Government Asset ControlsThe case highlights gaps in the CIA’s internal audit mechanisms, especially regarding high‑value commodity allocations for “work‑related expenses.” It also revives longstanding speculation about the agency’s use of gold as a covert funding tool, a practice documented in historical accounts such as Gold Warriors. If proven, the misuse could erode public trust and prompt congressional hearings on asset tracking and clearance protocols.What Comes Next: Legal Proceedings and Policy ReformsRush remains detained pending a detention hearing scheduled for Friday in Alexandria, Virginia.Federal prosecutors are likely to pursue charges of theft of government property, fraud, and false statements.Expect a review by the Office of the Director of National Intelligence (ODNI) to tighten controls on commodity disbursements.Congress may introduce legislation mandating stricter reporting and independent audits of any gold or foreign‑currency transactions within intelligence agencies.
#CIA #David Rush #FBI
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