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Economy May 29, 2026

‘Hundreds of job applications’: Young people grapple with a broken labour market

A series of personal accounts from 24‑year‑olds in Brighton, Essex, London and Glasgow reveal how c…
The Personal Stories Highlight a Growing Youth Employment CrisisFour young adults, all aged 21‑24, share how the UK labour market has become a maze of unpaid internships, short‑term gigs and relentless job applications, leaving them anxious about the future.From Film Graduates to Care Leavers: Real‑World Barriers to EmploymentCatherina, 24, Brighton – Digital film graduate who has only secured runner roles despite festival‑screened shorts.Olivia, 24, Essex – Former retail worker forced to quit after epileptic seizures; cites inadequate employer adjustments and lack of disability‑specific guidance.Giovanna, 24, London – Care‑leaver who navigated hostel life, temporary hospitality jobs and a nine‑month civil‑service training scheme.Joseph, 21, Glasgow – Neurodivergent musical‑theatre trainee who cycled through supermarket, call‑centre and software‑engineering apprenticeship amid “hundreds” of applications.Common Threads Across the NarrativesRepeatedly sending hundreds of job applications with little to no response.Reliance on charities such as Spear, Young Women’s Trust and Drive Forward Foundation for coaching, CV help and mental‑health support.Financial insecurity forcing continued low‑paid work or early return from sick leave.Systemic gaps: lack of clear disability guidance, insufficient sick‑pay, and short‑term workplace counselling that fails neurodivergent staff.Why the Labour Market Is Failing Young PeopleThe stories echo the broader “Milburn report” warning that the labour market is increasingly inaccessible to young people, especially women and care‑leavers. Employers tout diversity initiatives, yet many lack the infrastructure to support disability accommodations or the mentorship needed for sustainable career progression.What Needs to Change to Re‑ignite Youth EmploymentGovernment‑mandated, clearer guidance on disability rights and employer obligations.Expanded financial safety nets for those unable to work due to health conditions.Long‑term, relationship‑based employment programmes that go beyond “first‑job placement”.Targeted investment in sectors that can absorb young talent, such as civil service apprenticeships and tech training pathways.
#Guardian #Youth Unemployment #Spear
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Tech May 28, 2026

The Final Private Push: Anthropic Secures $65 Billion to Dominate the AI Race

Anthropic has secured a historic $65 billion in funding at a $965 billion valuation, marking a pote…
The Final Private Push: Anthropic Secures $65 BillionAnthropic has closed a monumental Series H funding round, raising $65 billion at a $965 billion post-money valuation. This capital injection represents the startup's largest private fundraising effort to date and signals that the company is likely in its final pre-IPO stage. The round brings the company's total capital raised to a staggering level, positioning it as a heavyweight contender in the generative AI sector just as public markets begin to open up to high-growth technology companies.The Infrastructure and Investor EcosystemThe funding round was co-led by a consortium of elite institutional investors, including Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Notably, the round saw participation from major infrastructure partners such as Samsung, SK Hynix, and Micron, highlighting the critical role hardware manufacturers are playing in the AI supply chain.Strategic Backing: Hyperscalers committed $15 billion, including a significant $5 billion from Amazon.Investor Demand: The round was highly competitive, with one institutional investor reportedly pledging up to $5 billion just to secure a meeting with the CFO.Use of Funds: Proceeds will be directed toward advancing safety research, expanding compute infrastructure, and scaling enterprise products.Valuation Wars and Revenue TrajectoryThis funding round places Anthropic at the epicenter of a fierce valuation war in the AI industry. The company's massive valuation comes as it reports a $47 billion revenue run rate and expects a 130% revenue surge to achieve its first operating profit. This financial performance contrasts sharply with the broader tech sector, illustrating the intense demand for high-performance AI models.Competitive Landscape: Anthropic's valuation rivals OpenAI, which raised $122 billion in March at an $852 billion valuation.Market Positioning: The company is reportedly preparing to launch models comparable to its powerful cybersecurity model, Mythos, which has been limited due to safety concerns.The Strategic Shift Toward Enterprise SafetyThe inclusion of infrastructure partners like Samsung and SK Hynix suggests a strategic pivot toward vertical integration. By securing hardware support, Anthropic ensures a stable supply chain for the compute-intensive models it is developing, such as the newly released Claude Opus 4.8. This model emphasizes agentic tasks, advanced coding, and self-correction capabilities, addressing a critical need for enterprises seeking reliable and safe AI solutions.The IPO Countdown and Market DominanceWith this massive capital raise and the release of advanced models, Anthropic is poised to lead the next phase of AI innovation. The company's ability to attract top-tier institutional investors and secure hardware partnerships positions it uniquely ahead of its IPO. As the race for AI dominance heats up, Anthropic's valuation and growth trajectory suggest it will be a key player in shaping the future of the public AI market.
#Anthropic #OpenAI #Sequoia Capital
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Politics May 28, 2026

The Take: Will Donald Trump Turn Cuba into the Next Venezuela?

US President Donald Trump is tightening sanctions on Cuba, echoing strategies used in Venezuela. Cu…
The Rising Tensions Between the US and Cuba US President Donald Trump is taking a harder stance on Cuba, with an indictment against former Cuban President Raul Castro and military threats reminiscent of Washington's approach in Venezuela. The US Playbook Applied to Cuba Trump's strategy towards Cuba seems to mirror the US approach in Venezuela, suggesting a broader regional strategy. This has raised concerns about the potential for increased conflict and instability in Latin America. Cuba's Preparedness and Response Despite decades of pressure from the United States, Cuba appears to be preparing for a potential major confrontation. The country is experiencing blackouts and rising tensions, which could escalate into a larger crisis. The Implications of Trump's Actions The question remains whether Trump's actions are merely political theatre or the beginning of a significant escalation. The international community is watching closely as the situation develops. Expert Insights and Analysis Lucia Newman, Al Jazeera Senior Latin America Correspondent, provides expert analysis on the situation. Episode credits: This episode was produced by Marcos Bartolomé and Sarí el-Khalili with Catherine Nouhan and our guest host, Tamara Khandaker. It was edited by Alexandra Locke. Our sound designer is Alex Roldan. Our video editors are Hisham Abu Salah and Mohannad al-Melhem. Alexandra Locke is The Take’s executive producer.
#Donald Trump #Cuba #Venezuela
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Sports May 28, 2026

Sinner's Grand Slam Bid Derailed by Scorching Conditions at French Open

Jannik Sinner's 30-match winning streak was halted as extreme heat forced him to retire during his …
The Collapse of a 30-Match StreakJannik Sinner’s bid for a maiden French Open title and a career grand slam was abruptly halted on Thursday. The world No. 1 was forced to retire from his second-round match against Argentina's Juan Manuel Cerúndolo, succumbing to the extreme playing conditions rather than a lack of skill. The match ended in a 3-6, 2-6, 7-5, 6-1, 6-1 defeat, marking a significant psychological and statistical setback for the Italian star.Heatwave Takes Center StageThe defining narrative of this match was not the tactical battle between the top seed and the 56th-ranked opponent, but the relentless 33°C (91°F) temperature. Sinner dominated the opening two sets, winning them 6-3 and 6-2 with ease. However, the physical toll became evident in the third set when he was serving for the match at 5-4. After bending over in distress and leaving the court for medical attention, he returned but lost the set 7-5, eventually conceding the match in the fifth set.The Numbers Behind the DefeatStreak Broken: Sinner's 30-match winning streak, which dated back to February, came to an end.Ranking Gap: The match pitted the world No. 1 against the 56th-ranked Cerúndolo, a significant gap in form and ranking.Temperature: The match began at 29°C (84°F) and was forecasted to rise to 33°C (91°F), creating a grueling environment for endurance.The Physical Toll of Extreme ConditionsSinner's struggle highlights a recurring vulnerability for top players: adapting to extreme heat. This is not the first time the Italian has faced such challenges; he previously struggled against Eliot Spizzirri at the Australian Open in January, where the roof was closed to mitigate the heat. The sight of his light blue outfit soaked through with sweat and his visible distress off-court underscores the severe physiological stress players face in these conditions.Navigating the Elements in Grand Slam TennisAs the climate continues to impact major sporting events, the mental and physical resilience required to play in high temperatures is becoming a critical factor in tournament outcomes. Sinner's exit serves as a stark reminder that even the best players in the world are not immune to the elements. Future matches will likely see players needing to manage their energy levels more aggressively to survive the deciders.
#Jannik Sinner #Juan Manuel Cerúndolo #French Open
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Politics May 28, 2026

Anti-Immigrant Anger Swells in South Africa as Migrants Are Forced onto Streets

Anti‑immigrant sentiment is intensifying across South Africa after local authorities began clearing…
Anti‑immigrant anger is reaching a new peak in South Africa as municipal officials ordered the removal of makeshift camps that housed thousands of migrants, leaving them exposed on public streets. The move has ignited protests, a surge in xenophobic incidents, and a heated debate over the nation’s immigration policy. Escalating Xenophobic Tensions After Forced Evictions City councils in Johannesburg and surrounding townships issued eviction notices this week, citing health and safety concerns. Residents of the cleared camps report being given less than 24 hours to vacate, with many forced to sleep on sidewalks or in overcrowded shelters. Evictions began on 2026-05-25 across three major informal settlements. Local NGOs estimate that over 5,000 migrants were displaced. Community leaders claim the actions were taken without adequate consultation. Limited Data Highlights a Growing Crisis Official statistics on the displacement are scarce, but available reports point to a sharp rise in xenophobic activity: The South African Police Service logged a noticeable uptick in hate‑crime complaints in the past month. Human‑rights groups note an increase in verbal and physical attacks targeting foreign nationals. Economic analysts warn that prolonged unrest could deter foreign investment. Political Fallout and Social Cohesion at Risk The government’s response has split opinion. While some politicians defend the evictions as necessary for public order, opposition parties and civil‑society groups accuse the administration of stoking xenophobia. President Cyril Ramaphosa called for “orderly migration management” but avoided direct criticism of local authorities. Opposition leader John Steenhuisen demanded an immediate halt to evictions and a review of immigration policy. International bodies, including the UN, have urged South Africa to uphold the rights of migrants. Potential Policy Shifts and International Scrutiny Analysts predict that sustained pressure could force the government to adopt a more coordinated approach: Implementation of a national framework for temporary housing of displaced migrants. Increased funding for community‑integration programs to mitigate xenophobic sentiment. Possible sanctions or aid reductions from foreign partners if human‑rights violations continue. Until concrete measures are taken, the risk of further unrest remains high, and South Africa’s reputation as a regional hub for trade and tourism could suffer.
#South Africa #Migrants #Xenophobia
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Environment May 28, 2026

UN Warns Hottest Year on Record Likely by 2030 Amid Accelerating Climate Crisis

The World Meteorological Organization says there is an 86% chance that one of the next five years w…
The United Nations' weather agency has warned that the planet is on track to experience its hottest year on record by the end of the decade, with climate risks intensifying across the globe.WMO Forecast Signals 86% Likelihood of New Hottest Year Within Five YearsIn a report released on Thursday, the World Meteorological Organization (WMO) stated there is an 86% chance that one of the next five years will surpass 2024 as the warmest year since records began. The agency also highlighted a 75% probability that the five‑year average temperature from 2026 to 2030 will exceed the 1.5 °C increase above pre‑industrial levels.Statistical Outlook: Probabilities, Temperature Gaps, and Regional Shifts86% chance of a new record year within the next five years.75% chance that the 2026‑2030 average exceeds 1.5 °C (2.7 °F) above pre‑industrial levels.Arctic winter temperatures projected to be 2.8 °C (5 °F) above the 1991‑2020 average, more than three‑and‑a‑half times the global rate.Rainfall expected to rise in the Sahel, Northern Europe, Alaska and Siberia, while the Amazon is forecast to become drier.Implications for the Paris Agreement and Global Climate PolicyAlmost 200 countries signed the Paris Agreement in 2016, pledging to limit warming to 1.5 °C. The WMO’s findings suggest the target is becoming increasingly unattainable unless emissions are cut dramatically. Michael Jacobs, professor of political economy at the University of Sheffield, warned that nations must accelerate renewable‑energy deployment and electrification. Simon Stiell, the UN climate chief, called recent European heatwaves a “brutal reminder” of the stakes.Looking Ahead: What 2030 Could Mean for Extreme Weather and Mitigation EffortsIf the projected trends materialise, the world can expect more frequent and intense heatwaves, stronger storms, and heightened stress on water resources. Policymakers will face pressure to tighten emissions‑reduction commitments, expand climate‑resilient infrastructure, and secure financing for adaptation in vulnerable regions. The next five years will be a decisive window for translating climate pledges into concrete action before the 2030 temperature threshold is crossed.
#World Meteorological Organization #United Nations #Paris Agreement
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Business May 28, 2026

UK Ministers Weigh Shelving Carbon Tax on Fertiliser to Ease Food Inflation

The UK government is in talks to suspend a carbon tax on fertilisers, set to take effect early next…
The Proposed Suspension of Carbon Tax Ministers are in discussions about suspending a carbon tax on fertilisers, due to come into effect early next year, in an effort to curb food inflation. The move would be part of a package of measures, including the suspension of import tariffs on a range of foods including bread, biscuits and bananas. Impact on Farmers and Food Inflation Government sources said they were looking at suspending tariffs on a range of fertilisers in order to discourage farmers from leaving fields fallow. Farmers have been considering leaving their fields fallow because rising costs mean they risk selling their 2027 crop at a loss. This would increase food inflation, which is already expected to rise sharply as the conflict in Iran raises fuel and fertiliser prices. Fertiliser Costs and Global Supply Chain Fertiliser costs have soared since the beginning of the Iran conflict, during which the strait of Hormuz has been closed. About 35% of the world’s fertiliser passes through the waterway and, since the conflict broke out in late January, about 1m tonnes of fertiliser have been stranded in the Gulf. Fertiliser producers said they expected the new tariffs, which were being put in place to match an existing EU scheme, could add £100 per tonne to costs. The Future Outlook Ministers are also cutting fuel taxes for farmers. The rate for red diesel and rebated biodiesel has been cut by more than a third, which the Treasury said made it the lowest in more than two decades. According to analysis from the Central Association for Agricultural Valuers, a 500-acre wheat farm could make a loss of £70,000 in 2027 because of higher costs caused by the Iran war. With farmers making decisions about 2027 cropping now, the economic outlook means they could be making difficult decisions such as leaving fields fallow.
#UK Government #Food Inflation #Carbon Tax
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Environment May 28, 2026

Blair’s Fossil‑Fuel Push Deemed ‘Bizarre’ Amid UK Heatwave and Energy Crisis

Former Prime Minister Tony Blair urged the UK to abandon its net‑zero target and increase North Sea…
Former Prime Minister Tony Blair has called for the UK to scrap its 2050 net‑zero goal and ramp up North Sea oil and gas drilling, prompting a swift backlash from climate experts who label the suggestion “bizarre” amid a historic heatwave and rising energy costs. Blair’s Call to Re‑Open North Sea Oil and Gas E3G programme director Ed Matthew warned that abandoning net zero during the “worst May heatwave on record” would be a “massive setback” for the UK, emphasizing that clean energy is cheaper and has near‑zero operating costs. Economic Stakes: £200 million Heatwave Losses and Fossil‑Fuel Costs Heat stress on livestock and crops is projected to cost the UK economy over £200 million this year. The International Energy Agency’s Fatih Birol notes that new oil fields would have “little impact” on domestic fuel prices. Renewable‑energy growth, especially record‑breaking solar generation, is already reducing household energy bills. Why Renewables Outperform Fossil Fuel Revival in the UK Analysts such as Jess Ralston (Energy and Climate Intelligence Unit) argue that expanding solar and other clean‑power technologies shields consumers from volatile fossil‑fuel markets and supports energy security as the North Sea declines. Comparisons to Spain’s renewable‑driven price stability reinforce the case for electrification as the “obvious route” to lower bills. What the Next Steps Mean for UK Energy Policy Government spokespersons confirm that no new exploration licences will be granted, focusing instead on managing existing fields for the remainder of their lifespan while accelerating the clean‑power mission championed by Energy Secretary Ed Miliband. If the current trajectory holds, the UK is likely to cement its position as a leader in renewable deployment, rendering calls to revive North Sea drilling increasingly marginal in policy debates.
#Tony Blair #E3G #Net zero
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Environment May 28, 2026

Czech Scientists Breed Climate-Resistant Hops to Preserve Beer Heritage

Czech scientists are developing new, drought-resistant hop varieties to preserve the famous Saaz ho…
Climate Threat to Czech Beer HeritageCzechia, the world's beer-drinking champion with the highest per capita consumption, faces an existential threat to its iconic Saaz hops due to increasing droughts and heatwaves. These climate conditions are reducing water availability, affecting plant cooling, and diminishing both the quantity and quality of the hops that give Czech beer its distinctive character. With only about 25% of Czech hop farms irrigated, the industry is highly vulnerable to these changing conditions.Breeding Resilient Hop VarietiesAt the Hop Research Institute, scientists led by Dr. Vladimir Nesvadba have developed new hop varieties specifically designed to withstand higher temperatures and reduced rainfall. The new cultivars—Saaz Shine, Saaz Comfort, and others—maintain the desirable characteristics of traditional Saaz hops while demonstrating improved resilience in challenging conditions. These innovations represent a scientific breakthrough that balances tradition with adaptation.Economic Impact on Global Beer ProductionThe economic implications extend beyond Czech borders, with approximately 80% of Czech Saaz hops exported to international breweries. US-based BarrieHaus Beer Co, which uses Saaz hops for its award-winning Czech-style pilsner, has experienced significant challenges due to climate-related variations in hop quality. After particularly brutal drought conditions in 2022, imports of Czech hops to the US dropped by roughly half, demonstrating the global economic consequences of this agricultural challenge.Changing Agricultural LandscapesThe climate crisis is forcing agricultural innovation in unexpected places. Sardinian agronomist Federico Puddu, working with Nesvadba, aims to develop hop varieties suitable for traditionally inhospitable regions like Sardinia. This expansion of hop cultivation into new areas represents a fundamental shift in agricultural possibilities, potentially creating new industries while adapting to changing climate conditions. The traditional boundaries of where certain crops can thrive are being redrawn.Future of Traditional Crops in a Warming WorldAs Czechia enters what may be its driest spring on record since 1961, the importance of these resilient hop varieties becomes increasingly critical. While Nesvadba emphasizes that the original Saaz variety will never be completely replaced—calling it 'our gold'—the new varieties offer a pathway to preserve Czech beer traditions in the face of climate change. This scientific approach to agricultural adaptation may serve as a model for other traditional crops and industries facing similar climate challenges worldwide.
#Czechia #Saaz hops #climate change
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