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The Lead: Summit Concludes Without Iran Breakthrough Donald Trump has claimed that the US and China "feel very similar" about ending the war in Iran but offered no details about a possible breakthrough during the final day of his summit with Xi Jinping in Beijing. The Diplomatic Stance: Shared Goals but No Clear Path "We did discuss Iran," Trump said. "We feel very similar about [how] we want it to end. We don't want them to have a nuclear weapon. We want the straits open." He added: "We want them [Iran] to get it ended because it's a crazy thing there, a little bit crazy. And it's no good, it can't happen." The Strategic Pressure: China's Role in Iran Crisis There is much speculation about how much pressure the US is putting on China, the biggest buyer of Iranian oil, to use its leverage with Iran to encourage the country to reopen the strait of Hormuz. US trade representative Jamieson Greer said in an interview with Bloomberg TV on Friday that the Chinese "don't want to be on the wrong side" on the Iran issue. "It's really important for China to have the strait of Hormuz open," Greer said. The Economic Calculus: China's Energy Security Concerns About half of China's crude oil passes through the waterway, but the bigger threat for the Chinese economy is if the conflict in the Middle East causes a global recession that dents demand for its exports. However, many in Beijing feel that the crisis in Iran is not China's responsibility. The Public Statements: Contradictory Messages US Secretary of State Marco Rubio initially said the US hoped "to convince [China] to play a more active role in getting Iran to walk away from what they're doing now and trying to do now in the Persian Gulf." But later he downplayed the idea that the US was seeking support from Beijing. "We're not asking for China's help. We don't need their help," Rubio said. The Chinese Response: Cautious Diplomacy China's foreign ministry on Friday again called for a ceasefire in Iran and said the strait of Hormuz should be opened "as soon as possible." Zhou Bo, a retired senior army colonel and a senior fellow in the Center for International Security and Strategy at Tsinghua University, said: "On Iran, China definitely wants to help but I read what Rubio said: he actually seems to shift the burden to the Chinese side. In China, we have a saying: it is like, 'Why should I clean your shit?'" The Official Readouts: Diplomatic Language The White House readout of the more than two hours of talks between Trump and Xi on Thursday said the leaders "agreed that the strait of Hormuz must remain open to support the free flow of energy" and that "President Xi also made clear China's opposition to the militarisation of the strait." The Chinese readout of the meeting just made a brief reference to the "situation in the Middle East." The Controversial Remark: Trump's PR Comment Trump raised eyebrows during a TV interview when he suggested that finding Iran's enriched uranium was primarily for show after Israel demanded it as a goal. "I just feel better if I got it, actually, but it's – I think, it's more for public relations than it is for anything else," the US president told Fox News host Sean Hannity. The Trade Deals: Symbolic Gestures Trump told Fox News that China agreed to buy US oil, soybeans and 200 Boeing planes. But on key issues including Taiwan, there seems to have been little by way of concrete agreement. Trump was heard saying on his way into the tea room at the Zhongnanhai garden that Xi was giving him roses for the Rose Garden, according to a White House pool report. The Strategic Balance: Shifting Power Dynamics Julian Gewirtz, a former director for China on the national security council during the Biden administration, said the new Chinese formulation about US-China relations was about "locking in this current phase of strategic stalemate for the remainder of Trump's term and ideally beyond." Wu Xinbo, a professor of international studies at Fudan University and a Chinese government adviser, said the balance of power between the US and China was "shifting towards greater parity." "In the past, it always seemed as though the United States held the upper hand, constantly exerting pressure on China and taking the offensive. Now, however, it's fair to say that the two countries have reached a new point of equilibrium," Wu said.

The LeadOn Friday the River Thames at Ham will host its first official swimming season as the inaugural designated bathing water in London, joining 12 other newly recognised sites across England.Thames at Ham Designated as London’s First Official Bathing WaterThe stretch of the Thames in south‑west London has been granted bathing water status after campaigners, led by Marlene Lawrence of the Teddington Bluetits, submitted evidence of year‑round swimming activity. Lawrence said, “This is amazing for the river and for the many people who enjoy it.”Nationwide Roll‑out of 13 New Bathing Water SitesEnvironmental Minister Emma Hardy announced that the new designations bring the total to 13 new monitored swimming areas across England. The sites are:Canvey Island foreshore, EssexEast Beach at West Bay, Bridport, DorsetFalcon Meadow, Bungay, SuffolkGranville Parade Beach, Sandgate, KentLittle Shore, Amble, NorthumberlandNew Brighton Beach (east), MerseysideNewton and Noss Creeks, DevonPangbourne Meadow, BerkshireQueen Elizabeth Gardens, Salisbury, WiltshireRiver Dee at Sandy Lane, Chester, CheshireRiver Fowey in Lostwithiel, CornwallRiver Swale in Richmond, YorkshireRiver Thames at Ham and Kingston, Greater LondonEnvironmental and Economic ImplicationsThe new bathing water designations expand monitoring by the Environment Agency, which will conduct weekly sampling and publish results online. Hardy highlighted the benefits: “better monitoring of our waterways, a boost for local tourism and greater confidence for local swimmers.” The move follows years of limited bathing water status, which was previously confined to coastal waters and lakes, and aims to curb sewage discharge, PFAS, and agricultural runoff.Future Outlook for River Clean‑up and MonitoringContinued oversight will involve the regulator working with communities, farmers and water companies. At Ilkley, Yorkshire Water is already investing over £85m in infrastructure to improve water quality after the Wharfe received bathing status five years ago. The Thames designation is expected to drive similar upgrades and reinforce the government’s “generational reform” of the water sector.

Podcast Overview: Chalmers Responds to Budget CriticsIn the Full Story podcast released on 15 May 2026, Australian Treasurer Jim Chalmers directly answers the criticisms leveled at the Labor government’s 2026 budget. The discussion centers on how the budget aims to benefit younger Australians, the contentious reforms to the National Disability Insurance Scheme (NDIS), and recent changes to capital gains tax and negative gearing.Key Issues Highlighted in Linked AnalysesLabor’s budget will benefit the young – but does little to woo voters drawn to One NationNDIS cuts could leave some participants with a funding gap. How will the changes affect you?Budget capital gains tax changes and negative gearing reform explainedPolicy Highlights and Their Political ContextThe budget proposes targeted measures for first‑time home buyers and reforms to negative gearing, aiming to balance housing affordability with investor confidence. Simultaneously, the NDIS reforms introduce stricter eligibility criteria, prompting concerns about a potential funding gap for participants.Potential Impact on Voter SentimentBy emphasizing youth‑focused initiatives, the Labor government hopes to solidify support among younger voters, a demographic traditionally less aligned with the party. However, criticism from One Nation and concerns over NDIS cuts could sway undecided voters toward opposition parties.Outlook: What Comes Next for the 2026 BudgetChalmers’ defense suggests the government will continue to promote the budget’s long‑term economic benefits while monitoring the immediate social impacts of NDIS changes. Future parliamentary debates and state‑level feedback will likely shape any adjustments before the next fiscal review.

The Lead Iran is looking at ways of providing limited connectivity to approved individuals and entities amid a continued state-imposed internet shutdown, with a tiered access model currently being offered that experts have said still undermines the digital rights of Iranians. The Event Details President Masoud Pezeshkian on Wednesday announced the creation of a new entity to review internet coverage in the country named the Specialised Headquarters for Organising and Guiding Iran’s Cyberspace, with First Vice President Mohammad Reza Aref, a relative moderate, appointed as its head. Pezeshkian expects Aref to “create institutional cohesion and align policies and measures by relevant bodies” and “prevent parallel work and end multiple voices in the management of the country’s cyberspace”. Aref is also expected to devise and enforce a roadmap to “overhaul cyberspace governance”. The Data Analysis The internet shutdown, which began on February 28, has affected over 90 million citizens, with users only able to access a slow and patchy intranet that supports state-approved local applications and content. The Supreme National Security Council has launched a state-distributed service called “Internet Pro”, which provides users with slightly higher-tier internet services than those offered to most of the population. The service is stated to be for businesses, university professors, lawyers, and other categories of people that the state deems eligible, but some state-linked entities have also been selling access at several times the official price. The Impact Analysis Experts believe that tiered internet access is here to stay in Iran, and that it is rooted in longstanding policies approved by the Supreme Council of Cyberspace after deadly nationwide protests in November 2019. Amir Rashidi, a digital security expert, believes that the new cyberspace headquarters can, at most, provide “a mechanism for better coordination in implementing the policies of the Supreme Council of Cyberspace”. Rashidi said there will be little hope of fundamental changes to government policy. The Prediction Authorities have pledged to restore the internet, but not until the war is concluded, and there is little sign of when that will happen. Iranian government spokesperson Fatemeh Mohajerani said the internet situation is “temporary”. However, experts and some government officials have expressed concerns that the internet shutdown has ended up harming the country more than defending against cyberattacks and other hostile operations.

The Controversial Bet on AI BookkeepingDespite the collapse of his previous startup, Ian Crosby is taking another shot at building a business out of automating bookkeeping. His new venture, Synthetic, aims to create a fully autonomous AI bookkeeper that can generate accrual-based financials without direct human involvement.The Vision Behind SyntheticSynthetic is designed to revolutionize bookkeeping by eliminating the need for human accountants, a stark contrast to current accounting startups like Xero. Crosby maintains an all-or-nothing approach: "We're not going to release anything that's not fully autonomous. It's that or bust."The startup is currently in the design phase, with Crosby acknowledging that his vision may not yet be technologically possible. The company plans to initially serve only AI and other software startups.The $10 Million InvestmentDespite the challenges and Crosby's troubled past with Bench Accounting, Synthetic has successfully raised $10 million in a Seed funding round led by Khosla Ventures. The round also saw participation from Basis Set Ventures and Shopify CEO Tobias Lütke.This financial backing provides Crosby with the resources to wait for foundational AI models to become more reliable for bookkeeping calculations. "I've raised years of cash, so we can just wait it out," Crosby stated.Learning from Past FailuresKhosla partner Jon Chu defended the investment by explaining his tendency to "run towards controversy a little bit." He cited Parker Conrad's journey from Zenefits to founding Rippling (now valued at $17 billion) as an example of how industry narratives can be misleading.Chu conducted thorough due diligence, speaking with several executives who worked with Crosby after his departure from Bench. According to Chu, they "had fantastic things to say about Ian." This feedback, combined with Crosby's subsequent roles at Shopify and founding of Teal (which was acquired by Mercury), convinced Khosla of his growth potential.The Bench Accounting FalloutCrosby's previous venture, Bench Accounting, famously shut down in 2024 before being "bought for scraps." Crosby maintains he wasn't directly responsible for bringing the company to insolvency, stating he was fired by Bench's board in 2021 after turning down a $250 million acquisition offer from Brex.The board reportedly disagreed with Crosby's strategic direction as the business was bleeding cash, and his executive team was frustrated with his direct leadership style. "He took a big swing, made a few mistakes. That didn't go well," Chu acknowledged about Crosby's tenure at Bench.The Path to Autonomous AI BookkeepingWhile Synthetic's prototype works for a narrow group of users, Crosby remains uncertain how it will scale for a broader customer base. He compared the current state of AI bookkeeping to "a self-driving car that can drive down one street versus the self-driving car that can drive down any street.""We haven't driven down enough streets to know if it's going to crash," Crosby explained, highlighting the technical challenges ahead. Despite these obstacles, the founder remains committed to his vision of a fully automated financial future.

The Scheduling CrisisItalian football is facing another embarrassment to add to the country's failure to qualify for a third consecutive World Cup. With just three days to go until the start of the penultimate round of Serie A fixtures, Italy's top-flight league, half the teams do not know when their matches will be played.The Rome Derby DilemmaThe Rome derby is at the core of the issue as it was originally slated to kick off at 12:30pm (10:30 GMT) on Sunday, along with four other matches involving teams competing for a Champions League berth. Because the race for the final three Champions League spots – behind newly crowned champion Inter Milan – is so tight, the games featuring Napoli, Juventus, AC Milan, Roma and Como all have to be played simultaneously to ensure fairness.The Tennis ConflictHowever, the Italian Open men's singles tennis final is scheduled for 5pm (15:00 GMT) at Rome's Foro Italico, in the same complex as the Stadio Olimpico and, because of fears of public safety, local authorities have ordered the derby to be moved to Monday evening. Because of the disruption that would cause to thousands of fans of the 10 teams involved, the Lega Serie A proposed an alternative: kicking off at 12pm (10:00 GMT) and pushing back the start of the tennis to 5:30pm (15:30 GMT).The League's ResponseThat was rejected by Roman authorities, and so the Italian league's governing body lodged a formal appeal with the Regional Administrative Tribunal (TAR) on Wednesday night. Lazio coach Maurizio Sarri was asked about the matter on Wednesday, after his team's loss to Inter in the Italian Cup final, and he blamed the Lega Serie A, adding that he would not even turn up at the stadium if the derby was played on Sunday.The Tight Race for European SpotsFive points separate Napoli, in second, and sixth-place Como. Napoli is on 70 points, Juventus 68, Milan and Roma 67 and Como 65. They are all playing against teams with little to play for but pride, with Napoli visiting already relegated Pisa, while Juventus, Milan and Como play Fiorentina, Genoa and Parma respectively — with those three sides already safe from relegation. Lazio is out of the race for the European spots.Broader Implications for Italian FootballAt the other end of the table, Lecce – which occupies the last position of safety – is one point above 18th-place Cremonese and visits Sassuolo. Cremonese travels to Udinese. Italy's national team became the first former winners to miss out on qualification for three consecutive World Cup finals when they were eliminated by Bosnia and Herzegovina in a playoff on March 31. The defeat has led to calls for widespread change to the way Italian football is structured and managed, including the Italian sport minister calling for the football federation's president to stand down.

The Lead Kevin Morby's eighth album "Little Wide Open" presents a contemplative journey through the complexities of life, love, and identity, rooted in his midwestern upbringing. The album showcases Morby's signature Americana style while embracing vulnerability and uncertainty in both lyrics and production. The Musical Landscape of "Little Wide Open" The album opens with "Badlands," a track that juxtaposes the harsh imagery of the American midwest with surprisingly laid-back musical elements. Morby's conversational vocals and gentle guitar riffs create a contrast with lyrics that reference both "the big disaster we call home" and the possibility that "heaven is a place on Earth beneath the golden sky." This duality sets the tone for an album that embraces ambiguity and complexity. Musically, Morby primarily works in introspection and understatement, building on his foundation of Americana influenced by Bob Dylan, Lou Reed, Tom Petty, and Leonard Cohen. While his previous work has touched on soul and jazz elements, "Little Wide Open" returns to his core sound with subtle pleasures rather than flashy moments. Tracks like the title track and "Natural Disaster" both exceed seven minutes, allowing songs to gradually unfold and inviting listeners to sit with the music. The Collaborative Production The genesis of "Little Wide Open" offers insight into Morby's respected position in the music industry. The National's Aaron Dessner, whose production credits include work with Taylor Swift and Noah Kahan, approached Morby to collaborate on the album. Dessner has shared Morby's music "with everyone I've ever worked with," indicating high regard for the artist's craft. The album features an impressive supporting cast, including Justin Vernon of Bon Iver imitating a tornado siren with his voice and alt-country star Lucinda Williams delivering a monologue on "Natural Disaster." Additional contributors come from Muna, Sylvan Esso, Florence + the Machine, and Perfume Genius, creating a rich tapestry of sounds that reinforces Morby's Americana foundation. Themes of Vulnerability and Transition Morby has described "Little Wide Open" as his "most personal and vulnerable album," created as he approaches fatherhood with his partner Katie Crutchfield of Waxahatchee. The album captures the doubts and uncertainties that accompany this life transition, as evidenced in "Javelin" where he questions, "Am I a has-been? Am I a husband?" The album explores the push and pull of one's hometown, balancing comfort and nostalgia with feelings of not quite fitting in. Morby captures this tension in "Cowtown" with the line, "Where no one ever makes a sound except me on this guitar," a bluesy acoustic punctuating the austere sound. Similarly, "Natural Disaster" examines mood swings as either something to be managed through medication or meditation, or simply as natural occurrences like landslides that fuel his songwriting. The Art of Introspective Songwriting "Little Wide Open" demonstrates Morby's mastery of introspective songwriting that embraces uncertainty rather than providing definitive answers. The album creates a "welcome safe space for admitting you're not sure; that things are complicated," particularly valuable in a climate that tends to extremes. Key tracks showcase this approach: the lovely melancholy exhalation of the title track's chorus, the banjo-assisted closer "Field Guide for the Butterflies" that gradually builds from fragility to something tougher, and the beautiful piano and clarinet motif running through "Junebug." Even the more climactic moments, like the maelstrom of noisy guitar in "100,000," serve the album's overall theme of emotional complexity. Legacy and Future Directions While Morby has never achieved massive commercial success or written a breakout crossover hit, "Little Wide Open" reinforces his status as a respected artist within the indie and Americana scenes. The album's critical reception and high-profile collaborators suggest that Morby's thoughtful, introspective approach continues to resonate with both musicians and listeners. As Morby navigates fatherhood and continues to explore life's complexities through his music, "Little Wide Open" stands as a testament to his growth as an artist unafraid to embrace vulnerability and uncertainty. The album's blend of midwestern storytelling, musical craftsmanship, and emotional honesty positions Morby as a distinctive voice in contemporary Americana.

The Cannes Premiere of a Queer Horror MasterpieceJane Schoenbrun's "Teenage Sex and Death at Camp Miasma" has made its debut at the Cannes Film Festival, opening the Un Certain Regard sidebar with a bold exploration of gender identity and horror tropes. The film, which follows a filmmaker obsessed with a cult slasher franchise, represents a significant addition to the growing canon of queer horror cinema that challenges traditional genre boundaries.A Director's Vision: Reimagining Slasher TropesSchoenbrun continues their exploration of media obsession and identity, following previous works like "We're All Going to the World's Fair" and "I Saw the TV Glow." The director invents an imaginary slasher franchise called "Camp Miasma" about a transgender killer called Little Death, treating this fictional creation with complete seriousness while simultaneously critiquing horror's problematic treatment of gender. The film cleverly walks through the franchise's fictional history, from initial success to critical backlash, mirroring real conversations about representation in horror.Gillian Anderson's Showstopping PerformanceThe film features a career-defining turn from Gillian Anderson as Billy Presley, the iconic Final Girl from the original "Camp Miasma" film who has become a recluse. Anderson brings droll style and sophisticated sexiness to the role, creating a character who is both amused by and critical of the current filmmaker's attempts to reclaim the franchise. Her performance elevates the material, adding layers of meta-commentary about aging in Hollywood and the legacy of horror icons.Exploring Fantasy and Reality in HorrorAt its core, "Teenage Sex and Death at Camp Miasma" explores the relationship between fantasy and reality, suggesting that liberating escapist experiences can be more "real" than mundane existence. The film follows Kris, a young filmmaker hired to reboot the franchise, as she visits Billy in the disused camp where the original was filmed. Their relationship blurs the lines between creator and creation, with hints that the slasher character might be more than just fiction. Schoenbrun uses techniques like the split diopter shot to create dreamlike sequences that question what is real and what is imagined.The Future of Queer Horror CinemaWith "Teenage Sex and Death at Camp Miasma," Schoenbrun further establishes themselves as a vital voice in contemporary horror, particularly within the queer filmmaking community. The film's Cannes premiere positions it for potential awards attention and critical acclaim, which could lead to greater visibility for horror that centers LGBTQ+ experiences. As audiences increasingly seek representation that goes beyond tokenism, films like this that reimagine genre conventions through queer perspectives may become increasingly influential in shaping the future of both horror and independent cinema.

The Lead: IndyCar's Political CrossroadsAs IndyCar prepares for the 110th running of the Indianapolis 500, the sport finds itself embroiled in controversy over a promotional T-shirt that has sparked accusations of insensitivity and political messaging. The incident reveals a significant rightward shift in the organization's direction under owner Roger Penske, who has increasingly aligned himself with former President Donald Trump and conservative politics.The Controversial 'One Nation, One Race' ShirtAs part of its promotional push for the Freedom 250, a Washington DC street race sanctioned by a Trump executive order, IndyCar unveiled a licensed T-shirt featuring a helmeted racing driver rendered entirely in white, posed in a manner resembling the Lincoln Memorial statue, set against a red-striped backdrop, with the words "One Nation, One Race."The design quickly drew criticism online, with many noting its problematic imagery. Automotive writer Ryan Erik King slammed the shirt on X as "incredibly insensitive and inflammatory." Critics pointed to the Roman fasces the driver's arms rest on—iconography later adopted by fascist movements—as particularly concerning. The stark white racing driver set against Lincoln's seat, combined with the Freedom 250's association with Trump, sharpened these concerns.Following customer backlash, IndyCar pulled the shirt from its online store, stating it was "reviewing its approval process related to event apparel." However, the organization has not explained who approved the design initially.Penske's Political Alignment and Financial ContributionsThe controversy cannot be separated from IndyCar's owner, Roger Penske, who has become increasingly aligned with Trump since purchasing the organization. Penske's drivers and teams have appeared at the White House after major wins, and Trump awarded Penske the Presidential Medal of Freedom in 2019.In the lead-up to the 2024 presidential election, Penske Corp reportedly made more than $4 million in political contributions, including $1.1 million to MAGA Inc. Penske has been publicly effusive in his support for Trump, writing in a February letter: "Thank you for all that you and your administration are doing to put 'America First', to protect our borders, and return investment to our great country."This political alignment stands in contrast to IndyCar's international makeup, with nearly 70% of full-time drivers racing under foreign flags, including one-third of Penske's own IndyCar drivers.The Impact on IndyCar's Position in MotorsportIndyCar has historically positioned itself as maintaining political neutrality, unlike NASCAR which leans into American jingoism and conservative cultural signaling. Two years ago, IndyCar rejected a Trump/RFK Jr car livery for the 500, citing its policy against political sponsorships—a stance that now appears to be shifting.The organization's closer alignment with Trump has drawn criticism from within the racing community. When the Department of Homeland Security used an IndyCar image to promote a proposed immigration detention facility in Indiana dubbed the "Speedway Slammer," Mexican driver Pato O'Ward expressed his discomfort: "I was just a little bit shocked at the coincidences of that and, you know, of what it means. I don't think it made a lot of people proud, to say the least."This political shift threatens IndyCar's unique position in motorsport, potentially alienating international drivers and fans while attempting to close the gap on NASCAR and Formula One in terms of cultural relevance.Future Outlook for IndyCarAs IndyCar continues to navigate this political crossroads, the organization faces a critical juncture. Penske's bid to elevate IndyCar's prominence may be undermined by the alienation of its international fan base and drivers. The controversy over the 'One Nation, One Race' shirt serves as a stark reminder of the risks when sports organizations become entangled in political polarization.IndyCar must now decide whether to double down on its rightward shift or recalibrate to maintain its traditionally more neutral stance. The organization's ability to navigate this tension will likely determine its future trajectory in an increasingly polarized sports landscape.