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Business May 19, 2026

Jackson Pollock painting sells for record $181m at Christie's in New York

A Jackson Pollock painting, 'Number 7A, 1948', has sold for a record $181.2m at Christie's in New Y…
The Record-Breaking Sale A Jackson Pollock painting has sold for a record $181.2m (£135.3m) at Christie's in New York. The sale on Monday made 'Number 7A, 1948' the fourth most expensive work ever sold at auction, according to ARTnews. The Significance of the Painting “It is with this work that Pollock finally frees himself from the shackles of conventional easel painting and produces one of the first truly abstract paintings in the history of art,” Christie's said in a statement. The Auction Details The previous auction record for Pollock was $61.2m, set in 2021. Other works by the abstract expressionist have sold privately for up to $200m. Previous auction record: $61.2m (2021) Private sale record: up to $200m Other Notable Sales On a busy day for the auction house, 'Danaïde', a bronze head sculpted by the Romanian-born artist Constantin Brâncuşi in around 1913, sold for $107.6m, topping its previous record of $71.2m set in 2018. No 15 (Two Greens and Red Stripe) by the US painter Mark Rothko sold for $98.4m, and 'Portrait of Madame K' by the Catalan artist Joan Miró for $53.5m. 'Danaïde' by Constantin Brâncuşi: $107.6m No 15 (Two Greens and Red Stripe) by Mark Rothko: $98.4m 'Portrait of Madame K' by Joan Miró: $53.5m The Context of the Sale Monday’s auction followed a string of records set at Sotheby’s in November last year. 'Portrait of Elisabeth Lederer', painted by the Austrian master Gustav Klimt between 1914 and 1916, sold for $236.4m, becoming the second most expensive work ever sold at auction. The most expensive painting ever sold at auction is 'Salvator Mundi', a Renaissance work attributed to Leonardo da Vinci, which was bought for $450m in 2017.
#Jackson Pollock #Christie's #New York
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Business May 19, 2026

Estrella Damm Acquires Greene King’s Old Speckled Hen Ale Brand

Barcelona‑based brewer Estrella Damm (via its parent Damm) has agreed to purchase the Old Speckled …
Pub chain Greene King will sell its Old Speckled Hen ale brands to Barcelona‑based brewer Estrella Damm, continuing a wave of overseas takeovers of iconic British beers. The Deal: Estrella Damm Takes Over Old Speckled Hen Damm has agreed to acquire the Old Speckled Hen range, including its non‑alcoholic and golden ale variants. Greene King will keep brewing the ale at its Westgate site in Bury St Edmunds during a hand‑over period, after which production will move to Damm’s Bedford brewery, opened in 2025. Financial Context and Deal Valuation The companies did not disclose the sale price. For perspective, similar UK beer acquisitions have involved sizable sums: Camden Town Brewery was bought by AB InBev for about £85m in 2015, and Fuller, Smith & Turner sold its drinks business to Asahi for £250m in 2019. Strategic Implications for the UK Beer Landscape Greene King plans to focus on selling its own beers within its pubs and the UK on‑trade, pulling back from the off‑trade market. The acquisition gives Damm a foothold in the British ale segment, complementing its existing portfolio and reconnecting its UK Eagle Brewery to historic British brewing roots. Future Outlook: Brand Positioning and Market Shifts Old Speckled Hen will remain on shelves in Greene King pubs, major UK supermarkets, and the off‑trade, ensuring continuity for loyal consumers. Industry observers see the deal as part of a broader trend of foreign groups consolidating classic UK beer brands, potentially reshaping distribution channels and competitive dynamics in the coming years.
#Greene King #Estrella Damm #Old Speckled Hen
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World Wide May 19, 2026

Jerusalem Day Fuels Surge in Settler Violence, Legislative Shifts and Gaza Humanitarian Crisis

Jerusalem Day on May 14 sparked massive ultra‑nationalist marches in East Jerusalem and ignited a w…
Jerusalem Day March and Ultra‑Nationalist ProvocationsOn May 14, Israel marked Jerusalem Day, commemorating the 1967 capture of East Jerusalem. Tens of thousands of ultra‑nationalist Israelis marched through the Old City, chanting hostile slogans such as “death to Arabs” and “may your villages burn.” The march turned violent, with attacks on Palestinian shops and residents.Itamar Ben‑Gvir, Israel’s far‑right National Security Minister, raised the Israeli flag inside the Al‑Aqsa Mosque compound, declaring “the Temple Mount is in our hands.” Fellow legislator Yitzhak Kroizer prostrated before the Dome of the Rock and called for the removal of mosques to construct a Temple.Israeli authorities barred men under 60 and women under 50 from entering Al‑Aqsa that morning.More than 2,200 settler incursions were reported in the Old City during the week, violating the site’s “status‑quo” arrangement.Escalation of Settler Attacks in the West BankThe week’s most lethal settler assault occurred on May 13 when dozens of settlers, under military protection, attacked the villages of Jilijliya, Sinjil and Abwein. Youssef Kaabneh, a 16‑year‑old, was shot in the chest and died after ambulances were blocked by Israeli military vehicles.Additional violent incidents included:Killings of 16‑year‑old Fahd Awais in al‑Lubban ash‑Sharqiya (May 16).Stabbing of Jaber Shabaneh in Sinjil.Arson attacks on mosques, vehicles and olive trees across dozens of villages (Jibiya, Shaqba, Beit Ummar, etc.).Seizure of hundreds of sheep and two tractors, escorted by soldiers.Legislative Moves and Political ManeuveringIsrael’s government enacted a death‑penalty law targeting Palestinians convicted of “terrorism” in the West Bank, a measure condemned by UN experts as potentially constituting a war crime.The coalition also submitted a bill to dissolve the Knesset, triggering elections by late October. Opposition leader Avigdor Lieberman warned that Prime Minister Benjamin Netanyahu might launch a military operation for electoral gain.Additional approvals included:Construction of a military complex on the former UNRWA headquarters in Sheikh Jarrah.Seizure plans for historic Palestinian properties in the Bab al‑Silsila neighbourhood adjacent to Al‑Aqsa.Military orders to confiscate land in Jenin and Qabatiya.Humanitarian Crisis Deepens in GazaOn Nakba Day (May 15), Israel killed Hamas armed‑wing chief Izz al‑Din al‑Haddad in a strike that also killed his wife, daughter and four civilians in Gaza City. Netanyahu later claimed Israel now controls roughly 60 % of the Strip, beyond the “yellow line” cease‑fire boundary.Subsequent strikes killed civilians in Jabalia, Deir al‑Balah and Khan Younis, including three community‑kitchen workers—a target the Hamas health ministry labeled a “deliberate war crime.”The humanitarian situation remains critical:Only 1 in 2 aid trucks from Egypt managed to off‑load at Israeli crossings in the first 11 days of May (OCHA report).Over 43,000 people in Gaza have life‑changing injuries, one‑quarter of them children (WHO estimate).Sewage pumping stations in Khan Younis have ceased due to oil shortages, causing flooding.What the Week Signals for Future Conflict DynamicsThe convergence of Jerusalem Day provocations, a surge in settler‑driven violence, aggressive legislative actions, and intensified military strikes in Gaza points to a sharpening of Israel’s “facts on the ground” strategy ahead of the upcoming elections. If unchecked, these dynamics risk further destabilising the West Bank, deepening the humanitarian crisis in Gaza, and complicating any diplomatic pathways toward a cease‑fire or political settlement.
#Israel #Palestine #Jerusalem Day
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World Wide May 19, 2026

Iran War Day 81: Trump Delays Attack, Tehran Refuses to Surrender

US President Donald Trump postponed a planned attack on Iran following requests from Gulf allies, w…
The Lead United States President Donald Trump said he postponed a planned attack on Iran after requests from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, adding that “serious negotiations are now taking place” behind the scenes. Iran's Stance on Negotiations Iranian President Masoud Pezeshkian defended Tehran’s participation in talks while rejecting suggestions that the country was backing down under pressure. “Dialogue does not mean surrender,” he said, adding that Iran had entered negotiations “with dignity, authority, and the preservation of the nation’s rights”. Escalating Tensions in the Region Meanwhile, there is no letup in Israeli attacks on Lebanon as the death toll crossed 3,000, with at least seven people reported killed on Monday, according to local reports, despite a US-brokered extension of the “ceasefire”. Iranian Military Actions The Islamic Revolutionary Guard Corps (IRGC) said its forces struck groups linked to the US and Israel in the western province of Kurdistan, near the border with Iraq. The IRGC said fibre-optic cables passing through the Strait of Hormuz could be brought under a system of permits as Tehran tightens control over the waterway. Mohsen Rezaei, a member of Iran’s Expediency Discernment Council, mocked Trump for setting and then cancelling a deadline for a military attack on Iran, saying Tehran would not surrender under pressure. Major-General Ali Abdollahi, commander of Iran’s Khatam al-Anbiya Central Headquarters, warned the US and its allies against making another “strategic mistake or miscalculation”. Diplomatic Efforts Pakistan has been playing a central role in indirect negotiations between Washington and Tehran, with Iran saying it delivered its response to the latest US proposal through Islamabad. Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani has also expressed support for Pakistan’s mediation efforts aimed at resolving the crisis through diplomatic means. US Response and Reactions The US president touted a “very positive development” in talks with Iran, which convinced him to postpone a planned military attack. Treasury Secretary Scott Bessent said the US has extended its sanctions waiver for Russian oil cargoes already at sea by 30 days. Matt Duss, executive vice president at the Center for International Policy, said Trump’s insistence that Iran accept zero uranium enrichment had made a deal impossible. Regional Impact Israeli strikes have killed more than 3,000 people in Lebanon since March 2, the Ministry of Public Health said. Hezbollah’s drone attack on Israeli troops: The Lebanese group said it attacked Israeli soldiers with drones in the southern town of Rachaf in retaliation for deadly Israeli strikes on villages in the south. Iraqi forces carried out large-scale sweeps in western desert areas following unconfirmed reports of covert Israeli military sites in the region.
#Iran #Donald Trump #Masoud Pezeshkian
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Sports May 19, 2026

Nice Ultras Invade Pitch as Club Faces Relegation Playoff Amid Ineos Turmoil

Nice supporters stormed the Allianz Riviera after a 0‑0 draw with Metz, underscoring the club’s spi…
In a dramatic climax to a season that began with Champions League qualifiers, OGC Nice saw its ultras flood the pitch following a goalless home draw with Metz. The incident highlighted the mounting fury of fans towards owner Ineos and the looming threat of relegation. The Pitch Invasion After Nice’s Goalless Draw with Metz After the final whistle, supporters rushed onto the field, forcing players to retreat through the tunnel. The unrest followed a night of mixed emotions – chants urging the team to “get your arses into gear”, banners celebrating captain Dante’s potential retirement, and a looming Coupe de France final that now feels secondary to the club’s survival. Financial Fallout: Ineos’ €100m Investment and Player Sales Ineos bought Nice for €100 million in 2019, promising a challenge to PSG’s dominance. Key assets such as Evann Guessand and Marcin Bulka have been sold, weakening the squad. Replacement striker Kevin Carlos has yet to score a league goal. Mid‑season departures of Terem Moffi and Jérémie Boga after a fan‑led bus attack further depleted the roster. Club Crisis Deepens: Fan Anger, Management Turnover, and On‑Field Failures Nice’s on‑field record reflects the turmoil: nine draws, 18 defeats and only two wins all season. Managerial instability has been stark – former coach Franck Haise left in December, replaced by Claude Puel, who has managed just two league victories in 18 games. The ultras’ pitch invasion was the latest symptom of a fracture that now includes staff, journalists and guests being locked inside the stadium after the match. What Lies Ahead: Relegation Playoff Against Saint‑Étienne and Potential Ownership Change Nice will contest a two‑legged relegation playoff with Saint‑Étienne later this month. Co‑president Jean‑Pierre Rivère has called for “unity”, yet talks with prospective buyers suggest Ineos may exit the club this summer, leaving a legacy of financial loss and sporting decline.
#OGC Nice #Ineos #Ligue 1
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World Wide May 18, 2026

US Military Conducts Additional Strikes Against ISIL Fighters in Nigeria

The United States military's Africa Command has conducted additional air strikes against ISIL fight…
The Lead: US-Nigeria Joint Military Operation Against ISILThe United States military's Africa Command (AFRICOM) has conducted additional air strikes against ISIL (ISIS) fighters in northeastern Nigeria in coordination with the Nigerian government. These "additional kinetic" strikes, which took place on Sunday and were announced on Monday, represent the latest in a series of collaborative military operations between the two nations targeting terrorist groups in the region.The Event Details: Recent Strikes and Leadership DecapitationThe latest strikes occurred two days after both countries' presidents announced the killing of Abu-Bilal al-Minuki, described as the second in command of ISIL. Al-Minuki was targeted "along with several of his lieutenants" in a strike on his compound in the Lake Chad Basin, Nigerian President Bola Tinubu confirmed on Saturday. US President Donald Trump first made the announcement in a social media post on Friday without disclosing specific details about the operation.Before pledging allegiance to ISIL in 2015, al-Minuki was a prominent Boko Haram leader, according to the Nigerian army. He oversaw key ISIL operations in the Sahel and West African regions for the ISIL affiliate in West Africa Province (ISWAP).The Strategic Context: Expanding US Military Presence in NigeriaThis latest wave of US-Nigeria coordinated attacks comes as dozens of US soldiers have been deployed to Nigeria in recent months to help fight against armed groups, engage in intelligence sharing, and provide technical support. Nigeria's Defence Headquarters spokesman Samaila Uba clarified that US soldiers will not play a direct combat role but will share technical expertise under the full command authority of Nigerian forces."The removal of these terrorists diminishes the group's capacity to plan attacks that threaten the safety and security of the US and our partners," AFRICOM stated in its announcement. "AFRICOM remains committed to leveraging specialized US capabilities in support of our partners to defeat shared security threats."The Regional Impact: Power Vacuum and Shifting AlliancesDennis Amachree, former director of the US Department of State Services in Nigeria, told Al Jazeera that the killing of al-Minuki "is going to create a huge vacuum in the leadership and financing of ISWAP as many top officers were decimated with him." This assessment suggests that the targeted strikes may have a more significant impact than initially apparent, potentially disrupting the operational capabilities of ISWAP in the region.The Nigerian government has previously rejected Trump's accusation of mass killings of Christians in the country, with analysts noting that people across all faiths, not just Christians, are victims of armed groups. This context highlights the complex nature of the security challenges in Nigeria and the broader Sahel region.The Future Outlook: Escalating Counterterrorism OperationsLast Christmas, US forces launched air strikes on ISIL-affiliated fighters in northwestern Nigeria. When asked if this was part of a broader military campaign, Trump told The New York Times: "I'd love to make it a one-time strike. But if they continue to kill Christians, it will be a many-time strike." This statement suggests a potential escalation in US military involvement in the region, contingent on perceived threats.As the US continues to expand its counterterrorism operations in West Africa, the coordination with regional partners like Nigeria will be crucial. The success of these operations in degrading terrorist capabilities while maintaining local sovereignty will likely shape future security partnerships in the region.
#AFRICOM #ISIL #Nigeria
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Environment May 18, 2026

Electric Trucks Challenge Diesel Dominance in Australia Amid Rising Fuel Costs

Electric truck manufacturers are making significant inroads into Australia's transportation sector,…
The Lead Electric trucks are increasingly challenging diesel's dominance in Australia's transportation sector, with manufacturers demonstrating impressive capabilities while the country faces rising fuel costs and energy security concerns. The Electric Truck Performance Breakthrough Electric truck manufacturers like Windrose have conducted successful trials in Australia, including an extreme test pulling 68 tonnes up the notorious Mount Ousley escarpment from Port Kembla to Sydney. Bo Christensen, a fleet electrification specialist who followed the Windrose prime mover in last year's trial, noted: "It's a very tough run, but we were overtaking pretty much all the trucks going up the hill. We did it pretty comfortably." Windrose trucks claim a range of almost 700 kilometers and can be recharged from zero to 60% in about 35 minutes, with planned upgrades expected to improve these specifications in the next two years. The Financial Impact Analysis The ongoing geopolitical tensions, particularly the US-Israel war on Iran and conflicts over the Strait of Hormuz oil shipping route, have sent diesel prices soaring and highlighted Australia's reliance on imported fuel. In response, the Australian government announced a $10 billion fuel security package, including $3.2 billion to store a billion more liters of diesel and jet fuel. Meanwhile, Windrose has already sold 10 electric trucks in Australia at $450,000 each, with the company's founder Wen Han aiming to sell "hundreds" more this year and 20,000 by 2030 as part of a global target of 100,000 trucks. The Industry Transformation Australia's transportation landscape is experiencing a significant shift with multiple electric truck manufacturers entering the market. Research from Mov3ment shows Volvo, Sany, Daimler, Foton and Deepway are all selling in Australia, with 332 electric trucks and vans sold in Australia last year—triple the previous year. Major companies including Ikea, Woolworths, Australia Post, Coles, Coca-Cola and Temple & Webster have introduced electric trucks, partnering with logistics firms like Linfox, Toll and ANC. Zenobē is also deploying a new fleet of 30 trucks in Melbourne and Sydney for Winnings. The Future Outlook Despite the growing presence of electric trucks, Australia has "radically fallen behind" global adoption rates, with only 0.7% of new truck sales being electric compared with 20% in China, 7% in Germany and 2% in the UK. The Energy Futures Foundation estimates that up to 80% of Australia's truck fleet could be electrified with existing technology, with more than half of Australia's diesel trucks set to reach their usual replacement age in the next five years. Bruce Hardy, executive director of the Energy Futures Foundation, warns: "If we don't offer a meaningful pathway [to electric] then we lock-in diesel trucks for another 15 years."
#Windrose #Electric Trucks #Australia
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Economy May 18, 2026

Property Auctions Reveal Deepening UK Housing Crisis

A day at a London property auction exposed how repossessions and soaring demand are reshaping the U…
The Auction Floor: A Microcosm of the UK Housing CrisisAt the De Vere Grand Connaught Rooms in central London, a frantic scene of numbered paddles and gavel blows unfolded as a woman shouted, “That’s my house,” while her 20‑year home was auctioned off. The episode encapsulated the human toll of a market where mortgage arrears and rising living costs are pushing long‑term residents into public sales.Escalating Auction Volumes and Repo‑Driven ListingsProperty auctions have become a major channel for disposing of distressed assets. In 2025, Essential Information Group reported that nearly £5.9 bn of residential and commercial stock changed hands at auction, up from £5.5 bn the previous year. Repossessed homes now account for more than 20% of auction inventory, driven by higher mortgage rates and the broader cost‑of‑living crisis.14,025 mortgage repossession orders were issued in England and Wales in 2024 – the highest in five years.300 properties across England and Wales were listed for sale at the London auction, ranging from a £1 guide‑price boarded‑up house in the north‑east to multi‑million‑pound estates.£5.9 bn in Auction Sales Highlights Market ShiftThe jump to £5.9 bn signals a structural shift: auctions are no longer a niche for “homes‑under‑the‑hammer” but a mainstream venue for high‑quality properties. Examples from the day include:A one‑bedroom basement flat in Pimlico sold for just over £450,000.A four‑bedroom townhouse in Wapping fetched £800,000.A Devon bungalow with garden sold for £327,500.Buyers’ premiums of 2‑5% are added to these prices, further boosting auction house revenues.Why Auctions Are Becoming a Mainstream Buying ChannelIndustry insiders note a changing perception. Alex Greaves, a buying agent at Ridgestone Property, expects weekly repossession lots at auction and sees “an uptick” in central London listings. Liam Gretton, an estate agent in Wirral, likens high‑value homes at auction to selling a Picasso – the venue guarantees exposure and swift settlement.Younger buyers are also entering the arena. First‑time purchaser Alice Helps, 26, secured a Somerset semi‑detached house for £178,000 after a virtual bid, illustrating how auctions can provide a pathway onto the property ladder when traditional new‑builds are unaffordable.Future Outlook: Auctions and Affordable‑Home AccessAs mortgage pressures persist, the auction market is likely to expand further. Analysts anticipate:Continued growth in repo‑driven listings, especially in London and the South East.Greater adoption of online bidding platforms, lowering the psychological barrier for first‑time buyers.Potential policy scrutiny over the transparency and consumer protection standards of auction sales.If these trends hold, auctions could become a pivotal mechanism for delivering affordable housing, but they also risk cementing a market where distressed sellers have limited bargaining power.
#UK housing crisis #property auctions #mortgage repossessions
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World Wide May 18, 2026

Mali Army Drone Strikes Kill 10 Civilians at Wedding Celebration

Mali's army drone strikes killed at least 10 civilians preparing for a wedding in the central San r…
The Wedding TragedyDrone strikes by Mali's army have killed at least 10 civilians as they prepared to celebrate a wedding in the central region of San, marking another escalation in the conflict since armed groups launched a widespread coordinated assault late last month. The strikes on Sunday occurred during a security crisis after attacks on the military government's positions last month by fighters from the al-Qaeda-linked Jama'at Nusrat al-Islam wal-Muslimin (JNIM) and Tuareg separatists known as the Azawad Liberation Front (FLA).A resident of the Tene locality, where the strikes took place, told the AFP news agency that "10 of our children" were killed. "What was supposed to be a moment of joy in the village turned into immense sorrow," he said, speaking on condition of anonymity. "The tragedy occurred as the villagers were preparing the second edition of this traditional collective wedding, a major cultural event for this community," a security source who requested anonymity for safety reasons told AFP.The Escalating ConflictMali has been in a critical security situation since JNIM teamed up with rebels in the FLA in April. A deadly offensive on April 25 and 26 targeted strategic towns and killed the country's influential defence minister. Kidal and other towns and villages in the north have been captured and are now controlled by the FLA and JNIM, who have since imposed a blockade on the capital, Bamako.Another wave of attacks by al-Qaeda-affiliated fighters was also reported on May 7, killing at least 30 people in central Mali. The villages of Korikori and Gomossogou in the Mopti region were targeted. Mali, which is rich in gold and other valuable minerals, has been dealing with unrest since 2012. It has faced a deepening security crisis driven by the FLA, JNIM and the Africa Corps, a Russian government-controlled paramilitary that replaced the private Wagner Group.International InvolvementMali's former colonial ruler, France, and the United Nations had deployed soldiers and peacekeepers to the country to try to control the violence by armed groups, but Bamako expelled their forces after military coups in 2020 and 2021 and is now using Russian fighters instead. Al Jazeera's Nicolas Haque, who has reported extensively from Mali, had said, according to military sources, "the fighters involved in this coordinated attack are targeting military armed compounds", adding that "there is an unprecedented level of panic" in the military ranks.Haque told Al Jazeera he learned from witnesses that Russian mercenaries were "fighting in Bamako, around the airport, where they have one of their headquarters". Alex Vines, Africa director at the European Council on Foreign Relations, told Al Jazeera that Malian authorities appear to have been caught off guard by the latest wave of attacks.
#Mali #JNIM #FLA
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