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Business Mar 26, 2026

NS&I Faces Hundreds of Millions in Payouts Over Missing Savings Scandal

National Savings and Investments (NS&I) is set to repay hundreds of millions of pounds to around 37…
National Savings and Investments (NS&I;) is preparing to make a significant payout to customers who have been affected by a savings scandal. The bank is expected to repay hundreds of millions of pounds to approximately 37,000 people whose money was misplaced due to historical failings.The government-backed savings institution is in discussions with the Treasury to compensate these customers, with the exact amount yet to be determined. This payout would not be considered compensation but rather a reimbursement for money that customers did not receive.The scandal involves reports of bereaved families not receiving money that was rightfully theirs, as well as complaints that NS&I; failed to pay out premium bond prizes to the families of deceased savers. The bank has apologized for the poor customer service, particularly during sensitive times.The pensions minister, Torsten Bell, is expected to address the issue in a statement to the House of Commons. NS&I; holds over £100bn for around 26 million customers and is one of the largest savings organizations in the UK. The bank recently faced criticism over the spiralling cost of its modernisation programme, which has risen from £1.3bn to £3bn.A spokesperson for NS&I; said: “We recognise that dealing with bereavement can be challenging and would like to apologise to anyone who has not received the customer service from NS&I; that they should expect, particularly at such a sensitive time.”
#National Savings and Investments #UK Treasury #UK Government
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World Economy Mar 25, 2026

Weaving, Glamping, and Kayak Tours: Unlikely Allies in Argentina's Deforestation Fight

In Argentina's Gran Chaco forest, conservationists and local communities are joining forces to comb…
The Gran Chaco forest in Argentina, spanning across parts of Argentina, Bolivia, Paraguay, and Brazil, is facing a critical threat from deforestation. Small farmers, enticed by the promise of quick money from selling timber, often contribute to this environmental degradation. However, a collaborative effort between conservationists, NGOs, and international organizations is underway to support small-scale landowners and Indigenous communities in establishing alternative income sources. This initiative aims to enable them to resist the pressures of agribusiness and the timber market. Jorge Luna, a 55-year-old farmer, has taken a significant step towards preserving his 40-hectare land in Chaco province. He rejected an offer to cut down the trees and instead embarked on a second career as a forest tourist guide with Fundación Rewilding Argentina, a non-profit organization working to restore parts of the Gran Chaco forest. Luna now rents out a small campsite to visitors and takes tourists on kayak tours along the Bermejito River. "At first, you didn’t give the plants value. It was a lack of knowledge of what they meant. Now, every leaf that sprouts has an added value," he says. Created in 2010 by Tompkins Conservation, Rewilding aims to protect vast tracts of territory and create economic opportunities for local communities while preserving the biosphere. The organization worked with 15 other organizations to convince the government of Chaco province to turn 128,000 hectares into the El Impenetrable national park, officially designated in 2014. Since then, Rewilding has established a network to support a budding tourism industry. It offers riverside glamping stays while promoting local and ancestral knowledge as possible sources of income. Women have returned to weaving and artisanal production, as well as providing home-cooked meals for visitors. According to Greenpeace, Argentina lost nearly 7 million hectares of native forest between 1998 and 2024, with most of it in the Gran Chaco. An estimated almost 120,000 hectares of forest were lost in northern Argentina in 2024, a 10% increase from the previous year. The primary causes of forest loss are the expansion of agriculture, mainly for intensive cattle ranching and genetically modified soya, and forest fires. The Gran Chaco forest also feeds the timber industry, particularly with the quebracho tree, which produces a tannin used in leather products, and carob trees. Environmental lawyers warn that the Gran Chaco could disappear within two decades if deforestation continues at its current pace. "The Chaco does not receive the same attention as the Amazon – few people even know it exists," says Enrique Viale, an Argentine environmental lawyer and activist. For conservation efforts to succeed, projects must be co-designed with the community, ensuring their long-term objectives are considered. Community empowerment, equal distribution of benefits, and capacity building are crucial factors. Mabel Figueroa, a local weaver, has resumed her craft since the national park opened, selling scarves, blankets, and ponchos to tourists. She raises sheep and dyes their wool with tree bark and forest plants, reviving an ancestral tradition.
#argentina #deforestation #conservation
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Lifestyle Mar 25, 2026

Schiaparelli's Surrealist Fashion Revolution: Art Meets Couture

The V&A Museum's latest exhibition, Schiaparelli: Fashion Becomes Art, showcases the surrealist des…
The V&A; Museum's lavish spring show, Schiaparelli: Fashion Becomes Art, is a surrealist's dream come true. The exhibition takes visitors on a journey through the life and work of Elsa Schiaparelli, a fashion designer who defied conventions and pushed the boundaries of art and fashion.Schiaparelli's designs are a whimsical and witty blend of art, culture, and fashion. From a shoe that becomes a hat to a telephone dial that transforms into a compact mirror, each piece is a testament to her innovative spirit and creative genius.The exhibition features collaborations with famous artists like Salvador Dalí and Jean Cocteau, showcasing iconic pieces such as the lobster telephone and the skeleton dress. These works demonstrate Schiaparelli's ability to merge fashion and art, creating something truly unique and groundbreaking.Elsa Schiaparelli was a trailblazer in her own right, launching her fashion career in Paris in the 1930s and quickly gaining recognition for her trompe l'oeil sweaters and shocking pink designs. Her legacy continues to inspire designers today, including Daniel Roseberry, who has been spearheading the brand's revival since 2019.The exhibition also features modern pieces that showcase the brand's continued commitment to innovative design and artistic collaboration. From a golden breastplate worn by Bella Hadid at Cannes to a robot baby made from old flip phones and circuit board shards, these works demonstrate the brand's ongoing dialogue with art and culture.Schiaparelli: Fashion Becomes Art is a must-see exhibition for anyone interested in fashion, art, and culture. It challenges visitors to think differently about the relationship between fashion and art, and showcases the enduring legacy of Elsa Schiaparelli's surrealist designs.
#Elsa Schiaparelli #V&A Museum #Surrealism
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Environment Mar 25, 2026

UK Environment Agency Lacks Power to Tackle 'Out-of-Control' Waste Dumping

The UK's Environment Agency is too weak to tackle the growing problem of illegal waste dumping, whi…
The UK's Environment Agency is facing criticism for its inability to effectively tackle the growing issue of illegal waste dumping. A report by the Public Accounts Committee (PAC) has highlighted that the agency lacks the necessary powers and intelligence to deal with the problem, which is costing taxpayers £1bn a year.The committee found that there are at least 8,000 illegal dumps across the country, with several large-scale tips containing between 20,000 and 30,000 tonnes of household rubbish and other waste. The problem is attributed to organised criminals who are heavily involved in illegal waste dumping.The PAC chair, Geoffrey Clifton-Brown, stated that the committee's report found that regulators were not sufficiently resourced to follow through with recommendations and carry out their responsibilities towards the environment. The report calls for closer cooperation and intelligence sharing between the Environment Agency, local authorities, police, and other agencies to tackle illegal waste dumping risks.In response, a Defra spokesperson stated that the report was out of date and did not reflect the significant reforms already underway, including publishing a waste crime action plan and investing in the Environment Agency to boost monitoring and investigations.
#waste #illegal #dumping
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Sports Mar 25, 2026

Everton Considers Legal Action Against Premier League Over Chelsea Sanctions

Everton is exploring legal options against the Premier League for not imposing sporting sanctions o…
Everton is considering a legal challenge against the Premier League for their handling of Chelsea's undisclosed payments sanction. The club feels aggrieved as they were docked eight points during the 2023-24 season for profit and sustainability regulations breaches, whereas Chelsea did not face sporting sanctions.Chelsea were fined £10.75m and given a suspended transfer ban by the Premier League last week after reporting £47.5m of hidden payments to agents and players made over a seven-year period. This punishment has been regarded as lenient by other top-flight clubs.Everton and Nottingham Forest are unhappy with the Chelsea sanction and are taking legal advice. They claim the Premier League has been inconsistent in applying its own rulebook. Everton could still receive a further punishment as a result of their PSR breaches.The Premier League is believed to have explained Chelsea's punishment on the grounds that they felt they would have been unable to secure a conviction without their co-operation, so negotiated from the outset. Chelsea's current ownership of Clearlake Capital and Todd Boehly reported the offences, which they discovered during the negotiations to buy the club from Roman Abramovich four years ago.
#Everton #Chelsea #Premier League
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World Economy Mar 25, 2026

Australian Senate Inquiry Reveals Climate Misinformation Fuels Community Conflict

A cross-party Australian Senate inquiry has found that climate misinformation and disinformation ar…
A recent Australian Senate inquiry has concluded that the country's climate change and energy 'information ecosystem' is fuelling conflict in communities, with misinformation and disinformation confusing the public, slowing renewable energy projects, and undermining policy responses to the climate crisis.The inquiry's final report, released on Tuesday evening, recommended that the government do more to make tech companies liable for 'psychosocial harms' spread on their platforms. It also suggested strengthening media literacy through the national curriculum and greater oversight when corporations engage with classrooms.The committee recommended more funding for research into mis- and disinformation, with a funding model to be developed for an independent effort to 'track hidden digital influence systems'. The Australian government should also sign a UN declaration, launched in Brazil in 2025, promising a series of actions aimed at combating climate mis- and dis-information.The use of artificial intelligence by groups looking to block progress on climate change was likely to further threaten the integrity of information the public received, the inquiry heard. The committee's Greens and Labor members endorsed the report, but some members felt it did not go far enough in addressing the issue.The inquiry's findings have significant implications for Australia's renewable energy future and its ability to address the climate crisis. As climate disinformation continues to evolve into a national security challenge, the Australian government must take urgent action to protect the integrity of information and promote a safe climate future.
#climate #inquiry #energy
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Sport Mar 25, 2026

Coco Gauff Overcomes Imposter Syndrome to Reach Miami Open Semi-Finals

Coco Gauff has reached the semi-finals of the Miami Open despite struggling with an arm injury and …
Coco Gauff has proven her mental toughness once again by battling through to the semi-finals of the Miami Open, despite facing significant challenges. The American tennis star has been dealing with an unfamiliar arm injury and has been under pressure to revamp her serve, but she has shown remarkable resilience. Gauff's latest victory came against Bencic, where she won 6-3, 1-6, 6-3 in a hard-fought match. This marks her best result at her hometown tournament, and she continues to defy expectations. Her ability to overcome adversity and push through difficult situations is a testament to her fighting spirit. In a candid interview, Gauff discussed her struggles with imposter syndrome, revealing that she sometimes feels like she doesn't belong at the top level of tennis. “I think I have to believe that I belong where I am,” she said. “Sometimes I can get imposter syndrome and even when they’re saying my accomplishments during the warm-up, it doesn’t feel like me.” Gauff's serve has been under intense scrutiny recently, but she managed to deliver a solid performance against Bencic, firing down six aces and committing just five double faults. Her determination to believe in herself and her abilities has been key to her success. Next, Gauff will face Karolína Muchová, the 13th seed, in the semi-finals. Despite Muchová being one of the in-form players on the tour, Gauff leads their head-to-head 5-0, giving her a significant advantage.
#her #gauff #she
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Sports Mar 25, 2026

US Runners Led Astray in Half-Marathon Chaos Gain Entry to World Championships

Three US runners who were led off course during the USA Track & Field Half Marathon Championships i…
Three elite runners, Jessica McClain, Emma Grace Hurley, and Ednah Kurgat, who were leading the USA Track & Field Half Marathon Championships in Atlanta earlier this month, were inadvertently led off course by a guide vehicle. This chaotic turn of events resulted in them finishing in ninth, 12th, and 13th place, respectively, more than two minutes behind the winner, Molly Born.The incident deprived them of the top prize of $20,000 and the three qualifying places for the World Road Running Championships. However, USATF announced on Wednesday that World Athletics had granted permission to expand its team from four to seven, allowing McClain, Hurley, and Kurgat to compete in Copenhagen this September.“From the moment this happened, our focus was on doing right by the athletes,” said USATF CEO Max Siegel. “Jessica, Emma Grace, and Ednah had clearly separated themselves in the race and we are sorry they did not get to celebrate their accomplishment by breaking the tape.”The USATF team for the championships will include Born, Carrie Ellwood, and Annie Rodenfels, along with a final athlete determined by the world rankings in May. The team will consist of four “scoring athletes” and three “non-scoring athletes,” with USATF funding prize money for the non-scoring athletes.
#USA Track & Field #Half Marathon Championships #World Road Running Championships
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World Economy Mar 25, 2026

Global Food System on Brink of Collapse: The Dangers of Corporate Control and Lack of Regulation

The global food system is on the verge of collapse due to its systemic fragility, exacerbated by th…
The global food system is facing an unprecedented threat of collapse, much like the financial system did in 2008. The concentration of power in the hands of a few large corporations has led to a loss of diversity, redundancy, and modularity, making the system highly vulnerable to shocks.Recent data suggests that every part of this system is now highly concentrated in the hands of a few corporations, which have been consolidating both vertically and horizontally. One recent study found that the US food system has “consolidated nearly twice as much as the overall economic system”. Some of these corporations, diversifying into financial products, now look more like banks than commodity traders, but without the same level of regulation.These vulnerabilities are exacerbated by the use of just-in-time supply chains and the funnelling of much of the world’s trade through a number of chokepoints. Some people have long warned that the strait of Hormuz, alongside the Suez canal, Turkish straits, Panama canal and straits of Malacca, are critical chokepoints, whose obstruction would threaten the flow of food, fertiliser, fuel and other crucial agricultural commodities.When a system has lost its resilience, it’s hard to predict just how and when it could go down. The collapse of one corporation? The simultaneous closure of two or more chokepoints? A major IT outage? A severe climate event coinciding with a geopolitical crisis? The next step could be contagious bankruptcy and cascading failure across sectors.We know what needs to happen: break up the big corporations; bring the system under proper regulatory control; diversify our diets and their means of production; reduce our dependence on a handful of major exporting countries; build strategic food reserves, accessible to people everywhere. But there’s a problem, and it’s not just Trump. Almost all governments are beholden to corporate and financial power.The best we can hope for is that braver politicians in our own countries seek to insulate us from the worst impacts. A crucial step is to encourage a shift to a plant-based diet. People struggle to see the relevance, but it’s simple. A plant-based diet requires far fewer resources, including just a quarter of the land a standard western diet requires and much less fertiliser and other inputs.
#food #system #but
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