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World Economy Apr 10, 2026

Stefano Gabbana Resigns as Chair of Dolce & Gabbana Amid Debt Negotiations and Potential Stake Sale

Co‑founder Stefano Gabbana stepped down as chair of Dolce & Gabbana on 1 January 2026, citing a nat…
Stefano Gabbana left his post as chair of Dolce & Gabbana effective 1 January 2026, describing the move as part of a "natural evolution" of the company’s organisational structure and governance.The luxury house stressed that the resignation will not affect Gabbana’s creative responsibilities within the group.According to Bloomberg, Alfonso Dolce – Domenico’s brother and the group’s chief executive – assumed the chairmanship in January, taking over the role from the co‑founder.Sources indicate that Gabbana is exploring options for his 40 % equity stake as the brand continues negotiations with its bank lenders. In parallel, former Gucci chief Stefano Cantino has been appointed to a senior management position as part of the reshuffle.A D&G spokesperson added that the company “has no statement to make at this time” regarding its debt position, as talks with banks remain ongoing.The Italian label, founded in 1985, is grappling with a slowdown in the high‑end fashion market, a trend intensified by uncertainty surrounding the war in Iran – a region that represents a crucial market for luxury brands.In March, Dolce & Gabbana hired Rothschild & Co as its financial adviser to prepare for creditor discussions. At that point the group carried €450 million (£391 million) of bank debt, incurred after a 2025 refinancing aimed at supporting a new growth strategy while preserving independence. Lenders had temporarily waived certain borrowing terms.Ownership of the company remains split: each designer holds a 40 % stake through a holding vehicle, while the remaining shares are owned by Alfonso Dolce and their sister Dorotea.Founded by Stefano Gabbana and Domenico Dolce, the brand quickly became synonymous with a “molto sexy” Italian aesthetic, gaining global visibility after Madonna commissioned costumes for her 1993 Girlie tour. By 2009, Dolce & Gabbana reported a turnover of €1 billion.Despite its commercial success, the house has faced a series of controversies over the past 15 years, ranging from accusations of racism and homophobia to backlash over culturally insensitive advertising, which have at times threatened its market position.
#gabbana #dolce #amp
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World Apr 10, 2026

Iranian‑American Congresswoman Yassamin Ansari Demands Trump’s Ouster Over Iran War and Alleged War Crimes

U.S. Representative Yassamin Ansari, the sole Iranian‑American Democrat in Congress, condemned Pres…
Congresswoman Yassamin Ansari – an Iranian‑American representative from Arizona – publicly labeled President Donald Trump an “evil human being” who aspires to be an emperor, and urged that he be removed from office in light of the escalating war with Iran. Ansari, whose parents fled the Iranian regime in the 1970s, issued a statement after Trump’s threat to annihilate Iran’s civilization was followed by a tentative two‑week cease‑fire. She expressed relief for the 90 million Iranians who had spent a harrowing day fearing a nuclear catastrophe. In a phone interview, the 34‑year‑old lawmaker described Trump as “mentally unstable, deeply troubled, and solely self‑interested,” adding that his policies have stripped basic services from average Americans while enriching his family. Ansari warned that Trump’s rhetoric – promising an “America first” stance yet launching strikes on seven nations – constitutes a clear danger to both Iran and the United States, and she called for the cabinet or Congress to intervene under the 25th Amendment. She cited a series of controversial foreign‑policy moves, including the alleged illegal kidnapping of Venezuelan leader Nicolás Maduro, threats to seize Greenland, erosion of NATO credibility, and talk of taking over Cuba. In Iran, she argued, the administration has already committed war crimes by targeting schools, bridges and hospitals. Ansari also highlighted the broader humanitarian fallout: destroyed civilian infrastructure, a collapsing economy, soaring food‑security risks, and mass starvation. She relayed a conversation with a young Iranian doctor who described doubled prices and a dire economic outlook, urging the U.S. to cease attacks on civilian targets. Beyond Trump, the congresswoman announced plans to introduce articles of impeachment against Defense Secretary Pete Hegseth, accusing him of repeatedly violating his oath by facilitating war‑crimes. She criticized Vice‑President JD Vance for not mobilising the cabinet to remove Trump, and warned that the current crisis represents a “five‑alarm‑fire moment” unprecedented in modern American history. Ansari’s remarks come amid a shifting Iranian diaspora sentiment. While some Iranian‑American groups initially celebrated the war’s onset, many now view the U.S. and Israeli bombing campaigns as counter‑productive, fearing they bolster the hard‑line regime. Following the death of Supreme Leader Ayatollah Ali Khamenei, the regime’s grip appears tighter, with his son Mojtaba Khamenei assuming leadership. Ansari stressed that the Islamic Revolutionary Guard Corps remains entrenched, and that the regime continues to exploit civilian suffering for propaganda. She concluded by urging Americans to recognise Iran’s rich cultural heritage and to reject the notion that bombing will liberate its people, emphasizing that the United States must avoid actions that only strengthen an authoritarian government.
#trump #iran #ansari
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Environment Apr 10, 2026

Twin Births Spark Hope for Mountain Gorilla Recovery in Virunga National Park

Two rare sets of twin mountain gorillas were born in the Virunga range within three months, undersc…
In the 1970s and 80s, fewer than 250 mountain gorillas survived worldwide, prompting dire predictions of extinction. Decades of focused protection have lifted that number to over a thousand, and the trend continues upward.Recent patrols on the Democratic Republic of the Congo side of the Virunga range have documented an extraordinary event: two pairs of twin gorilla infants were born within a three‑month span. Twins are exceptionally uncommon in this species, representing less than 1% of all births, making the double occurrence a remarkable indicator of population health.Jacques Katutu, head of gorilla monitoring at Virunga, emphasized that the twin births “provide another vital indicator that dedicated conservation efforts… support the growth of the endangered mountain gorilla population within Virunga National Park.” Rangers suggest the thriving families are robust enough to meet the added demands of raising twins.Infant mountain gorillas face high mortality, often succumbing to infanticide, injury or disease. Yet the first twin pair, born in January, is reported to be alive and thriving, with troop members assisting the mother, Mafuko, in caring for her male infants.The achievements occur against a backdrop of extreme danger for park staff. More than 220 rangers have been killed protecting wildlife in the DRC over the past two decades, while rebel groups such as M23 continue to operate with impunity.Integral to this success are the Gorilla Doctors, a veterinary NGO whose interventions are credited with about half of the species’ population increase. Their teams trek daily through the dense forest, identifying each gorilla by name and providing medical care for injuries and disease in the isolated habitats of Virunga and Uganda’s Bwindi Impenetrable National Park.Dr. Benard Ssebide, a leading Gorilla Doctor, guided the author through the gorilla family on Mount Muhabura, narrating each animal’s story as they foraged for thistles, leaves and wild blackberries.These twin births serve as a powerful reminder that, even amid global environmental challenges, concerted human effort can foster tangible recovery for one of the planet’s most iconic endangered species.
#drc #uganda #rwanda
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World Economy Apr 10, 2026

IMF Flags Inflation Surge as US‑Israel Conflict Over Iran Threatens Global Growth

The International Monetary Fund warned that the ongoing US‑Israel war against Iran could spark a wo…
The International Monetary Fund has cautioned that the US‑Israel war on Iran could ignite a new wave of global inflation, jeopardising the outlook for world growth even if the current cease‑fire endures. IMF Managing Director Kristalina Georgieva announced on Thursday that the Fund will lower its growth projection for the global economy at next week’s IMF‑World Bank Spring Meetings, stating that the conflict has turned a potential upgrade into a growth downgrade. Earlier this year the IMF had lifted its forecast to 3.3 % growth for the 191‑member economies. That optimism evaporated after the war erupted on 28 February, driving up oil and natural‑gas prices, damaging energy infrastructure such as refineries and tanker terminals, and disrupting fertilizer shipments essential for global agriculture. Georgieva warned that the conflict is eroding business and consumer confidence and urged member nations to “get your house in order” as heightened defence spending adds further strain to the world economy. She also expressed confidence that the IMF will secure U.S. congressional approval this year for a 50 % increase in quota‑based lending resources, unlocking more of its roughly $1 trillion lending capacity. The United States, the Fund’s largest shareholder, would thereby provide crucial financial reassurance amid uncertain future developments. In a newly released report, the IMF estimated that countries directly involved in armed conflict typically see output fall by about 3 % at the outset, accumulating to roughly 7 % losses over five years. However, the study noted that economies like the United States may avoid severe economic damage because the fighting does not physically affect their own territory. Central banks are also on alert. Georgieva emphasized that “the central bank cannot afford to let inflation spiral out of control,” a statement that precedes the U.S. Federal Reserve’s two‑day policy meeting scheduled for 28–29 April, where interest‑rate decisions will be made amid political pressure from President Trump to lower rates. Other monetary authorities, including the Bank of Mexico, warned that the Middle‑East turmoil could push inflation higher in Latin America’s second‑largest economy, underscoring the broader spill‑over risks of the conflict.
#imf #economy #war
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Tech Apr 09, 2026

Google and Intel Deepen AI Infrastructure Partnership

Google and Intel have expanded their multiyear partnership, committing Google Cloud to Intel’s late…
Google and Intel announced an expanded multiyear agreement that will keep Google Cloud on Intel’s Xeon CPUs while accelerating joint development of custom infrastructure processing units (IPUs) designed for AI inference and data‑center workloads. Expanded Multiyear AI Infrastructure Deal Announcement date: 2026-04-09 Partnership originally launched in 2021 Focus on co‑development of ASIC‑based IPUs and continued use of Intel’s Xeon line Technical Scope and Processor Commitments The agreement specifies that Google Cloud will run Intel’s latest Xeon 6 chips for AI, cloud, and inference tasks, extending a decades‑long reliance on Xeon CPUs. Xeon 6 chips are positioned as the flagship CPU for AI workloads, complementing GPU accelerators. Custom IPUs will offload AI‑specific processing from general‑purpose CPUs, improving efficiency. Pricing details were not disclosed by Intel. Strategic Impact on the AI Compute Landscape Industry analysts note a pivot toward CPU‑centric architectures as the global AI boom strains GPU supply chains. By bolstering CPU and IPU capabilities, the partnership aims to deliver balanced systems that can scale AI workloads without relying solely on GPUs. Lip‑Bu Tan, Intel CEO, emphasized that “balanced systems” are essential for modern AI workloads. Recent CPU shortages have prompted rivals like Arm Holdings to launch their own AI‑focused CPUs (Arm AGI). The move may pressure other cloud providers to diversify beyond Nvidia‑centric stacks. Future Outlook for CPU‑Centric AI Architecture With the partnership deepening, both companies are likely to iterate on next‑generation Xeon processors and IPU designs, targeting higher throughput and lower power consumption. Expect further announcements on custom silicon roadmaps and potential joint reference designs for enterprise AI deployments. Short‑term: Expanded Xeon deployment across Google Cloud’s AI services. Mid‑term: Introduction of first‑generation custom IPUs in production workloads. Long‑term: A more heterogeneous compute stack where CPUs, IPUs, and GPUs coexist to meet diverse AI demands.
#Google #Intel #Google Cloud
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Tech Apr 09, 2026

Amazon CEO Takes Aim at Nvidia, Intel, Starlink and More in Shareholder Letter

In his 2026 annual shareholder letter, Amazon CEO Andy Jassy announced aggressive moves against riv…
Andy Jassy used his 2026 shareholder letter as a platform to signal a multi‑front offensive against the likes of Nvidia, Intel and SpaceX’s Starlink, while laying out a $200 billion capital‑expenditure roadmap that could reshape Amazon’s hardware ambitions.Jassy’s Letter Paints a Bold AI Chip VisionThe CEO framed the narrative as a “new shift” in AI compute, positioning Amazon’s home‑grown Trainium chips as the price‑performance alternative to Nvidia’s dominance. He also highlighted the Graviton CPU’s penetration among the top cloud customers and hinted at future ventures in robotics and satellite broadband (Amazon Leo).Revenue Projections and Chip Capacity NumbersTrainium3 capacity: nearly sold out ahead of launch.Trainium4 capacity: nearly sold out despite being 18 months away.Current Trainium ARR: $20 billion annually.Potential ARR if sold externally: $50 billion.Nvidia 2023 revenue: $215.9 billion.Graviton usage: 98% of the top 1,000 EC2 customers run on it.Two customers requested “all” Graviton capacity for 2026.2026 capex pledge: $200 billion, primarily AWS data centers.Strategic Ripples Across Cloud, CPU, and Satellite MarketsAWS can leverage Trainium to negotiate better pricing with AI‑heavy workloads, challenging Nvidia’s pricing power.Graviton’s market share pressures Intel’s x86 dominance in enterprise cloud environments.Amazon Leo’s early contracts with Delta, AT&T;, Vodafone, NBN and NASA signal a credible challenge to Starlink in the broadband‑satellite arena.Potential robotics spin‑off could monetize data from >1 million warehouse robots, opening a new industrial‑solutions revenue stream.What’s Next for Amazon’s Hardware Ambitions?Expect accelerated rollout of Trainium4 in late 2027, with Amazon courting external chip customers to close the $50 billion ARR gap.Graviton’s dominance may prompt Intel to accelerate its own custom silicon roadmap or pursue strategic partnerships.Amazon Leo’s mid‑2026 launch could force Starlink to lower prices or expand coverage to retain enterprise contracts.Robotics offerings may emerge as a niche SaaS product by 2028, leveraging the massive data lake from warehouse operations.Continued $200 billion capex spending will likely keep AWS as the world’s largest cloud infrastructure provider, but execution risk remains amid a volatile AI‑chip market.
#Amazon #Andy Jassy #Nvidia
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Sports Apr 09, 2026

Atletico Madrid Stun 10-Man Barcelona with 2-0 Champions League Quarterfinal Win

Atletico Madrid secured a commanding 2-0 lead over 10-man Barcelona in their Champions League quart…
Atletico Madrid stunned Barcelona 2-0 in their Champions League quarterfinal first-leg match, with Julian Alvarez and Alexander Sorloth scoring crucial goals at Camp Nou on Wednesday.The La Liga leaders dominated the game after Pau Cubarsi was sent off for bringing down Atletico's Giuliano Simeone, who was through on goal. Alvarez whipped home a free kick, and Sorloth doubled their advantage with 20 minutes remaining, giving Atletico a strong chance of reaching the semifinals.Diego Simeone's side, who have never won the competition, reached the 2014 and 2016 finals but were beaten by rivals Real Madrid on both occasions. Barca, semifinalists last season, need a huge comeback next Tuesday in Madrid to stand a chance of lifting the trophy they last won in 2015.Barcelona started well, with Marcus Rashford, on loan from Manchester United, their main threat down the left. However, Atletico's defense held strong, and they capitalized on Cubarsi's red card to secure the win.Atletico knocked Barca out of the Copa del Rey in the semifinals in March, and this was the second of three meetings between the sides in a space of two weeks. The win gives Atletico a significant advantage ahead of the second leg next Tuesday.
#atletico #but #goal
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Sports Apr 09, 2026

Rashford’s explosive display fuels Barcelona’s Champions League push as club weighs €30m permanent deal

Marcus Rashford delivered a hyper‑active performance in Barcelona’s 2‑0 first‑leg win over Atletico…
Barcelona secured a 2‑0 advantage over Atletico Madrid at the Metropolitano, setting up a high‑stakes Champions League quarter‑final second leg. The win followed a 2‑1 league victory against the same opponents, where Marcus Rashford and Robert Lewandowski scored late goals to clinch the La Liga title. After the match, Diego Simeone approached Hansi Flick with a reminder to return, underscoring the rivalry that will see the teams clash three times in ten days. The upcoming return fixture at Camp Nou promises a tougher battle than the opening encounter. Rashford’s performance was described by Spanish outlets as “hyperactive” and an “exhibition of speed.” He generated seven shots in the first hour alone, including a disallowed goal, multiple attempts saved by goalkeeper Juan Musso, and a free‑kick that struck the bar. His relentless wing play forced the opposition to defend deeper, highlighting his impact beyond the scoreboard. Statistically, Rashford has become Barcelona’s most prolific loanee this season: five goals and four assists in ten Champions League games, and he has reached double figures for both goals and assists across all competitions – a first for any player in Spain this campaign. The loan, secured for €30 million (£26 million) with an option to buy, was initially motivated by Barcelona’s need for a versatile forward who could operate across the front line. The club previously pursued Nico Williams and Luis Díaz, but Rashford’s deal offered a quicker, more economical solution amid La Liga’s salary‑cap constraints. While he started the season as a backup, injuries to Raphinha and form dips from Ferran Torres and Lewandowski opened opportunities. Coach Flick has primarily deployed Rashford on the left flank, though he was briefly positioned as a centre‑forward during the Atletico match. Despite his contributions, Flick cautions that Rashford must improve his defensive work‑rate, a point emphasized by the coach before the game: “We know Marcus is fantastic with the ball, but defending is also part of the game.” Historically, overturning a 2‑0 first‑leg deficit in the Champions League is rare – only one team has succeeded. This reality adds pressure on Barcelona to protect their lead, while Simeone’s side will aim to exploit any complacency. Looking ahead, the club faces a strategic decision: whether to activate the €30 million buy clause and secure Rashford permanently. United have labelled the fee as non‑negotiable, but Barcelona’s limited budget and the desire to convert a successful loan into a long‑term asset make the negotiation critical. Rashford himself remains optimistic, stating he enjoys the new environment and culture in Catalonia. As the second leg looms, his “hyperactive” energy and willingness to take responsibility could prove decisive for Barcelona’s quest to reach the Champions League semi‑finals.
#rashford #barcelona #his
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Technology Apr 09, 2026

Dutch ‘rain fences’ store thousands of litres to shield homes from intensifying storms

Housing providers in the Netherlands are piloting rain‑water storage fences that can hold up to 2,1…
In the Dutch town of Veldhoven, social‑housing operator Woonstichting ’thuis has installed the first of its “rain fences” – garden fences that double as rain‑water storage units.Homeowners Theo and Willy Bolder report that the fence’s linked plastic blocks can retain up to 2,160 litres of water, lowering the load on municipal drains during intense rainstorms and supplying the garden when summer droughts hit."The rain is getting heavier and heavier nowadays, and if you have a cloudburst the drainage isn’t good and it comes up through the toilet," Willy explained, highlighting the growing problem of surface runoff in a country where average temperatures have risen by 1 °C since 2000 and cities are about 5 °C warmer than surrounding rural areas (KNMI data).Recent climate events underscore the urgency: the 2021 Limburg floods saw more than 15 cm of rain fall in 48 hours, causing the River Geul to burst its banks, while the historic 1953 North Sea flood claimed at least 1,800 lives and spurred the iconic Delta Works.Deputy mayor Rik Thijs of nearby Eindhoven stresses that traditional sewage capacity cannot keep pace with these extremes. "We need to capture as much as possible on the surface," he said, pointing to complementary measures such as resurfacing the old Gender river, creating wadi pools, and installing green roofs.The rain‑fence concept was developed by Harry den Hartigh of SunnyRain Solutions, whose personal connection to the 1953 disaster in Zeeland inspired a design that merges functionality with aesthetics: a fence that stores water while enhancing the garden’s look.Academic Jannes Willems, an urban‑planning professor at the University of Amsterdam, notes that simple, scalable solutions like rain‑water harvesting can offset the Netherlands’ “water‑shortage” concerns during hot summers, especially as the national water system was originally built to discharge water as quickly as possible.For property managers, the benefits extend beyond environmental stewardship. Matthijs Hulsbosch, sustainability manager at Woonstichting ’thuis, says the fences help protect the complex’s 11,000 homes from water‑related damage, potentially saving significant repair costs and reducing tenant inconvenience.Neighbourhood manager David Hearn adds that the pilot also improves community relations, turning a simple fence into a shared asset that residents are eager to adopt.
#water #rain #rainwater
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