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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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Business Apr 18, 2026

Survivors of Mohamed Al Fayed's Alleged Sexual Abuse Demand Justice for Enablers

A group of 50 survivors of alleged sexual abuse by Mohamed Al Fayed, the former owner of Harrods, a…
Survivors of alleged sexual abuse by Mohamed Al Fayed, the former owner of Harrods, are demanding justice for those they claim enabled and turned a blind eye to the abuse. A group of 50 survivors, supported by prominent figures including actor Richard Gere and women's rights advocate Gloria Allred, are seeking more than just financial compensation. “If they think the money is the important factor, they are so far off the mark,” said Jen Mills, a member of the Justice for Fayed and Harrods Survivors group. The group claims there are “dozens of individuals who must be held to account” across various eras. The campaign group is pushing for Harrods to release the findings of an internal investigation into what staff knew about the abuse. They also want stricter regulation of HR professionals and an explanation for why the Metropolitan police and General Medical Council did not investigate complaints at the time. “It’s not just about what happened to us, it’s about making sure that this stops and that this doesn’t get to continue to the generations coming through,” Mills emphasized. Harrods recently closed a compensation scheme set up after dozens of women came forward with allegations of abuse by Al Fayed, who died in 2023 at the age of 94. Harrods states that the scheme represents only one form of redress available to survivors and was designed to provide resolution without a protracted legal process. A spokesperson for Harrods said: “We recognise differing views, however Harrods has always stated that the scheme represents only one form of redress available to survivors.” The group plans to meet with Prime Minister Keir Starmer and is seeking a committee of MPs to help push forward an investigation into the abuse at Harrods and the lack of prosecutions.
#Mohamed Al Fayed #Harrods #UK courts
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Tv And Radio Apr 18, 2026

Tonight’s TV Highlights: Minnie Driver’s Crime Thriller, Tanzanian Trek, and Rare Queen Elizabeth II Photos

The Guardian’s TV guide for 18 April outlines a packed evening of British television, featuring a n…
10 pm – ITV1: The Murder Line introduces viewers to a gritty Canadian thriller where Minnie Driver plays a formidable crime‑family matriarch. Detective Henry Roland (Stephen Amell) uncovers a link between his childhood friend and a drug ring, thrusting him into Driver’s dangerous world amid a double‑murder plot. 7 pm – Channel 4: Secret Africa: Into the Wild follows explorer Lucy Shepherd on a six‑week trek across Tanzania. She joins nomadic tribesmen, helps build shelters and even harvests honey from a hive, offering an intimate look at the region’s landscapes and cultures. 7 pm – Channel 5: Queen Elizabeth II: The Unseen Photos reveals never‑before‑published images that show the monarch in candid, relaxed moments. Historians and biographers, including Andrew Morton, discuss how these pictures contrast with the public persona of the world’s most photographed woman. 7.50 pm – BBC Two: Inside Britain’s National Parks continues its series with an episode on Dartmoor’s uplands, featuring high‑definition footage of leaping salmon, carnivorous sundew plants, and traditional sheep‑dog training. 8 pm – Channel 4: World’s Most Secret Hotels returns with sweeping drone visuals of ultra‑luxury lodges, including a remote retreat on the world’s largest salt flats and Norwegian mountain cabins delivered by helicopter. 8.30 pm – BBC Two: Black British Music at the BBC: Volume 1 offers a two‑and‑a‑half‑hour archive showcase curated by Trevor Nelson, celebrating artists from Winifred Atwell to Olivia Dean and highlighting the legacy of Soul II Soul, Neneh Cherry, Sade and So Solid Crew. Sport coverage includes the opening day of the Snooker World Championship at the Crucible Theatre (10 am, BBC Two), Premier League fixtures (Brentford v Fulham at 11 am on TNT Sports 1, Chelsea v Man Utd at 7 pm, Tottenham v Brighton at 5 pm on Sky Sports), the Scottish Grand National from Ayr (12.45 pm, ITV1), Women’s Six Nations (Scotland v England at 1 pm, BBC Two), Premiership Rugby (Exeter v Northampton at 2.30 pm, TNT Sports 2) and the Women’s International Football World Cup qualifier (Iceland v England at 4.45 pm, ITV4).
#two #bbc #her
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Environment Apr 18, 2026

The Whale Stranding: A Stark Reminder of Human Impact on Marine Life

A humpback whale has been stranded and dying off the German coast, highlighting the troubled relati…
The recent stranding of a humpback whale off the German coast has brought attention to the critical state of our oceans and the creatures that inhabit them. The whale, entangled in ropes and unable to feed, has been struggling to survive in the shallow Baltic Sea.The incident serves as a stark reminder of the consequences of human actions on marine life. Whales are facing numerous threats, including fatal collisions with ships, entanglement in fishing gear, and habitat disruption due to climate change and pollution.The warming and acidifying seas are reducing the feeding zones for whales, while chemical pollution affects their fertility and immunity. The constant noise from human activities, such as industrial and recreational pursuits, also disrupts their cultural lives.Hundreds of whales perish each year at sea, often out of sight of the public. They die from various causes, including ship strikes, entanglement, and starvation. The German whale's demise is a tragic example of the ongoing struggle between humans and these majestic creatures.The incident has sparked public outcry and renewed calls for action to protect marine life. The International Whaling Commission has emphasized the need for palliative care and humane treatment of stranded whales, highlighting the importance of compassion and responsible action in the face of such tragedies.As we continue to impact the oceans and its inhabitants, the stranding of this whale serves as a powerful symbol of our collective responsibility to protect the marine ecosystem. It is a reminder that our actions have consequences and that we must work towards a more sustainable coexistence with the natural world.
#whale #whales #our
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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

Washington War Game Unites US, UK and EU Central Bank Leaders to Simulate Lehman‑Style Bank Failure

Senior officials from the US Federal Reserve, the European Central Bank and the Bank of England wil…
The heads of the United Kingdom, United States and European Union central banks and treasuries are set to join a high‑level war game in Washington on Saturday, designed to probe how they would manage the failure of a globally significant bank. Participants include senior officials from the US Federal Reserve, the European Central Bank and the Bank of England, whose governor Andrew Bailey also chairs the Financial Stability Board. Their presence underscores the seriousness with which regulators are treating cross‑border coordination. The exercise is a “desktop” stress test conducted behind closed doors at the Federal Deposit Insurance Corporation (FDIC) headquarters. It will simulate a Lehman Brothers‑style collapse and test the joint response mechanisms of the three jurisdictions. Holding the drill during the International Monetary Fund and World Bank spring meetings provides a rare opportunity for the officials, who are already gathered in the capital, to engage in face‑to‑face scenario planning. Regulators have warned that the financial system faces new strains from artificial‑intelligence advances, risky private‑credit lending and market volatility linked to the US‑Israel conflict over Iran. In particular, the latest AI model from US firm Anthropic, called Mythos, has been flagged for its ability to uncover vulnerabilities in IT systems, raising concerns about cyber‑related financial shocks. Bank of England Governor Andrew Bailey emphasized the urgency, stating, “It is a very serious challenge for all of us. It reminds us how fast the AI world moves.” His remarks highlight the intersection of technological risk and traditional banking stability. The FDIC described the event as a “trilateral principal level exercise” aimed at coordinating resolution strategies for global systemically important banks (G‑SIBs). While the agency did not disclose the specific scenarios, it stressed that the drill would enhance each jurisdiction’s understanding of resolution regimes, strengthen cross‑border coordination, and bolster confidence in orderly bank resolutions. Since the 2008 Lehman collapse, such stress‑testing simulations have become routine among regulators, serving as a preventive measure against repeat systemic failures. By convening senior policymakers and central bankers for this war game, authorities hope to sharpen their collective response toolkit, ensuring that any future bank failure can be managed swiftly and with minimal disruption to the global economy.
#Federal Reserve #European Central Bank #Bank of England
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World Economy Apr 18, 2026

Multi‑billion‑Dollar Prediction‑Market Bets Align with US‑Israel Strikes on Iran, Sparking Insider‑Trading Investigation

Traders placed over $1 billion in prediction‑market contracts that precisely matched key moments in…
Sixteen Polymarket accounts each earned more than $100,000 by correctly forecasting the U.S. airstrike on Iran on 27 February, while a single user, known as “Magamyman,” pocketed over $550,000 by betting on the removal of Ayatollah Ali Khamenei moments before his death in an Israeli strike.Just before former President Donald Trump announced a temporary cease‑fire on 7 April, traders placed a staggering $950 million wager that oil prices would fall – a bet that proved accurate.These synchronized bets, which also included $855,000 in contracts predicting the 27 February strike and $580 million in oil‑futures positions placed minutes before Trump’s “productive talks” comment on 23 March, have raised alarms about possible insider information being used in online prediction markets.Platforms such as Polymarket and Kalshi now allow contracts on virtually any news event, blurring the line between traditional sports betting and financial speculation. The ease of accessing commodity derivatives, especially oil futures, amplifies the potential for profit – and for regulatory scrutiny.Law professors Joshua Mitts (Columbia) and Andrew Verstein (UCLA) note that while the trades could be “lucky,” the timing and scale suggest “hallmarks of suspicious activity” that merit investigation. The Commodity Futures Trading Commission (CFTC) has reportedly opened inquiries into the March 23 and April 7 oil‑futures trades, though it has not publicly confirmed the probes.Regulators face a dilemma: existing legislation may be inadequate for the technological realities of blockchain‑based prediction markets. CFTC Commissioner Michael Selig, appointed by the Trump administration, warned that “we will find you and you will face the full force of the law,” yet the agency cannot issue new rules until it has a full five‑member commission.State‑level challenges further complicate oversight. Nevada temporarily banned Kalshi for operating without a gambling license, while Arizona filed criminal charges over election‑betting contracts. Kalshi argues that the CFTC holds exclusive jurisdiction over such markets.A recent academic study screened over 200,000 “suspicious wallet‑market pairs” from February 2024 to February 2026, finding that traders in this cohort achieved a near 70% win rate, generating roughly $143 million from well‑timed bets on events ranging from the capture of former Venezuelan leader Nicolás Maduro to celebrity engagements.Congressional leaders have responded with legislation aimed at prohibiting federal employees, including members of Congress and White House staff, from participating in prediction‑market contracts tied to political or policy outcomes. However, experts caution that the legal framework for insider trading in commodity futures remains under‑developed, making enforcement challenging.As prediction markets continue to intersect with geopolitical events, the risk of market distortion grows. “When financial bets are based on classified military information, it undermines both market integrity and public trust,” warned Verstein, highlighting the broader implications for the real economy.
#iran #israel #polymarket
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Sport Apr 18, 2026

Snooker World Pays Tribute to Legendary Commentator John Virgo

The World Snooker Championship at the Crucible in Sheffield paid tribute to former player and comme…
The World Snooker Championship at the Crucible in Sheffield began with a poignant tribute to John Virgo, the legendary commentator and former player who passed away in February at the age of 79.A minute's applause was observed to honor Virgo's contributions to the sport. During his career, Virgo won the UK Championship in 1979 and reached the World Championship semi-finals in the same year. However, he is perhaps best known for his work as a commentator for the BBC, where his distinctive voice became synonymous with snooker coverage for over three decades.Virgo's catchphrase, “Where’s the cue ball going?”, became iconic in the world of snooker. A memorial service was held at Sheffield Cathedral on Thursday to celebrate his life and career.The tournament, which spans 17 days, commenced with Zhao Xintong, the defending champion, in action against English qualifier Liam Highfield. Other matches featured Mark Allen against Zhang Anda.
#crucible #snooker #bbc
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Entertainment Apr 18, 2026

The Transformative Power of Play: How Zelda Redefined My Relationship with Games

The author reflects on how The Legend of Zelda: The Wind Waker changed their perspective on video g…
The author's complicated relationship with video games as a teenager is relatable to many who have grown up with a passion for gaming. Initially dismissing The Legend of Zelda: The Wind Waker as childish, they later discovered its joy and transformative power. Play is often undervalued in adult life, seen as something to be outgrown or intellectualized. However, the author argues that play is essential for well-being and can be a powerful coping mechanism for life's challenges. The Wind Waker, with its vibrant and cartoon-like art style, was initially judged and dismissed. Yet, it became a gateway to rekindling the author's love for gaming, free from the pressures of intellectualizing every experience. The game encouraged exploration and curiosity, allowing the player to simply enjoy the process of discovery. This realization had a profound impact on the author's life, helping them navigate adulthood, parenting, and grief with a keen sense of fun and openness to new experiences. The author emphasizes that play is not just for children but a vital aspect of human nature that should be preserved and cherished. In a world that often prioritizes productivity and self-improvement, the author advocates for embracing play as a survival strategy against the pressures of everyday life. By doing so, individuals can maintain a sense of joy and curiosity, essential for a fulfilling life.
#The Legend of Zelda #Wind Waker #Nintendo
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