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Business May 15, 2026

Christopher Harborne climbs to sixth on UK Rich List as total billionaire wealth hits £784bn

The Sunday Times Rich List shows the combined wealth of the UK’s 350 richest families rising to £78…
Christopher Harborne has entered the top ten of the Sunday Times Rich List, ranking sixth with an estimated fortune of £18.177bn. The latest list, published on 15 May 2026, records a modest 1.4% increase in the total wealth of the UK’s 350 richest individuals and families, now standing at £784bn. At the same time, the number of UK billionaires edged up by one to 157, even as many foreign‑born billionaires have left the country. The Rich List reveals a £784bn fortune pool and a modest rise in billionaire count The Sunday Times Rich List, compiled by Robert Watts, highlights two contrasting trends: a slight growth in overall wealth and a “tale of two exoduses” – one‑sixth of the previous list’s entrants are gone, and a wave of foreign billionaires have relocated abroad. Numbers that matter: Harborne’s £18.2bn stake and the broader wealth distribution Sanjay and Dheeraj Hinduja and family: £38bn David and Simon Reuben and family: £27.971bn Sir Leonard Blavatnik: £26.852bn Idan Ofer: £24.481bn Guy, George, Alannah and Galen Weston and family: £18.939bn Christopher Harborne: £18.177bn Nik Storonsky: £16.411bn Alex Gerko: £16.006bn Sir Jim Ratcliffe: £15.194bn Igor and Dmitry Bukhman: £14.26bn Harborne’s wealth is anchored by a 12% stake in Tether, valued at roughly £17.7bn, and a 14.2% holding in QinetiQ worth £357m. Additional assets include IFX Payments and Eclipse Aerospace. Why the exodus of foreign billionaires matters for UK fiscal policy Watts warns that the departure of foreign‑born billionaires – many moving to Dubai, Switzerland or Monaco – could shrink the domestic tax base. Their assets remain on the Rich List, but the shift reduces the likelihood of UK tax authorities extracting significant revenue, especially as many of their holdings sit in jurisdictions with lighter reporting requirements. What the next Rich List could signal for wealth taxes and offshore assets If the trend of offshore relocation continues, policymakers may face pressure to broaden wealth‑tax proposals or tighten anti‑avoidance rules. Conversely, the modest rise in total wealth suggests that, despite geopolitical shifts, the UK’s high‑net‑worth cohort remains resilient, potentially prompting a focus on transparency rather than outright taxation.
#Christopher Harborne #Sunday Times Rich List #UK Billionaires
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Entertainment May 15, 2026

Dancing on a Volcano: A Technicolor Glimpse into Pre-War German Musical Landscape

A new album by Ensemble Modern and HK Gruber captures the vibrant, diverse musical landscape of pre…
The LeadEnsemble Modern and HK Gruber's album "Dancing on a Volcano" presents an eclectic snapshot of musical Germany between 1920 and 1933, capturing a creative era that would be suppressed by the Nazi regime. This live recording features works by composers who ultimately fled Germany, their music deemed "too modern, too jazzy, too Jewish" by the rising fascist power.The Musical Landscape of Pre-War GermanyThe album showcases four distinct voices from this turbulent period. Hindemith's Kammermusik No 1, premiered in 1922, was controversially described as having "a lewdness and frivolity only possible for a very special kind of composer." Gruber's performance embraces its neo-classical spikiness and jazz-age energy with almost cartoonish glee.In contrast, Korngold's 1920 music for Shakespeare's Much Ado About Nothing represents Viennese neo-Romanticism, which Gruber leavens with a pinch of acerbic wit. Schoenberg's Accompaniment to a Cinematographic Scene, premiered in 1930 under Klemperer, offers eight minutes of existential angst in Johannes Schöllhorn's lean-textured 1993 chamber version.The Historical Context and Cultural SignificanceThe period represented by this album—1920 to 1933—encompasses the Weimar Republic, a time of extraordinary cultural flourishing in Germany despite economic and political instability. The featured composers represent the diversity of musical expression during this era, from Hindemith's modernism to Korngold's Romanticism to Schoenberg's atonality.What makes this recording particularly significant is how it captures music that would soon be suppressed by the Nazi regime. The album's title itself, "Dancing on a Volcano," evokes the sense of living on the edge of catastrophe that characterized this period.The Legacy of ExileAll four composers featured on this album ultimately left Germany and settled in the United States, forced into exile by the Nazi regime. Their departure represented a profound brain drain for German musical culture, as these composers had been at the forefront of musical innovation.The jewel in the crown of this recording is Gruber and Christian Muthspiel's Kurt Weill Foundation-sanctioned arrangement of The Seven Deadly Sins. Wallis Giunta's performance, more opera diva than Weimar chanteuse, delivers no shortage of bite, while Amarcord's male quartet kvetch and wheedle as her rapacious family. Gruber's razor-sharp yet flexible interpretation drips idiomatic venom.Contemporary Relevance and Musical ResilienceThis album serves as both a historical document and a vibrant musical experience. The works featured demonstrate not only the creativity of this period but also the resilience of art in the face of political oppression. By recording these pieces today, Ensemble Modern and HK Gruber ensure that this important chapter in musical history continues to be heard and appreciated.The recording is available on streaming platforms, making this historically significant music accessible to new audiences who might otherwise never encounter these works. In an era where political polarization once again threatens artistic freedom, this album serves as both a reminder of what was lost and a celebration of what endures.
#Ensemble Modern #HK Gruber #Kurt Weill
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Entertainment May 15, 2026

Cast Away Review: Francesca de Tores Reimagines the Real‑Life Robinson Crusoe

Francesca de Tores’s new novel *Cast Away* transforms the 18th‑century marooned sailor Alexander Se…
Executive Overview: A Fresh Take on the Robinson Crusoe MythThe Guardian’s review frames *Cast Away* as a gripping portrait of Alexander Selkirk, the real‑life inspiration for Daniel Defoe’s Robinson Crusoe. De Tores blends meticulous maritime detail with a stark interiority, turning a solitary survival story into a meditation on identity and excess.Historical Foundations and Narrative ScopeSet on the remote island of Más a Tierra, 400 miles off Chile’s coast, the novel anchors itself in the true‑to‑life circumstances of Selkirk’s 1704 marooning. De Tores expands the historical canvas by weaving Selkirk’s earlier involvement in the failed New Darien colony and his turbulent Scottish upbringing into the present‑day isolation narrative.Alexander Selkirk – 18th‑century Scottish privateer whose ordeal inspired Robinson CrusoeMás a Tierra – the island where Selkirk survives for four yearsNew Darien venture – a disastrous Scottish colonisation attempt referenced in the novelCharacter‑Driven Storytelling as the Core EngineDe Tores’s strength lies in turning Selkirk into an “adorably reprobate anti‑hero.” The review highlights his three‑day drunken binge, relentless goat‑hunting, and compulsive onanism as both comic relief and a window into his fractured psyche. The novel’s prose oscillates between gritty survival manuals and lyrical reflections, such as Selkirk’s Bible‑derived erasure poems and his awe of hummingbirds described as “strange and shimmering machines of air.”Pricing, Publisher Backing, and Award ContextThe book is published by Bloomsbury at £18.99. De Tores’s previous historical novel *Saltblood* won the 2024 Wilbur Smith adventure writing prize, establishing her credibility within the genre and likely contributing to Bloomsbury’s confidence in a mid‑price hardcover launch.Implications for Historical Maritime FictionBy stripping conventional genre ballast and focusing on internal conflict, *Cast Away* signals a shift toward more introspective, character‑centric narratives in maritime historical fiction. The Guardian notes that the novel’s detailed survival techniques could serve as “how‑to guides” without becoming tedious, suggesting a market appetite for authenticity paired with literary ambition.Future Prospects for De Tores and the GenreIf the novel’s critical reception translates into solid sales, it could encourage publishers to back similarly ambitious projects that prioritize psychological depth over expansive plot. De Tores’s blend of rigorous research, dark humor, and philosophical inquiry positions her as a leading voice shaping the next wave of literary historical fiction.
#Francesca de Tores #Cast Away #Alexander Selkirk
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Business May 15, 2026

Art Deco and Modernist Flats Hit the Market in England and Scotland

The Guardian showcases a collection of Art Deco and modernist apartments currently for sale across …
Guardian’s Visual Tour of Heritage Apartments for SaleThe Guardian published a picture‑focused article that displays a selection of Art Deco and modernist flats now on the market in England and Scotland. Each listing is accompanied by high‑resolution images that emphasize the distinctive design elements of the properties.Geographic Distribution of the Featured ListingsEngland – multiple cities and coastal townsScotland – notable listings in Edinburgh, Glasgow and surrounding areasWhat the Listings Reveal About Current Heritage‑Property DemandWhile the article does not provide aggregate price data, the presence of numerous listings suggests sustained interest from buyers seeking period‑specific architecture. The visual emphasis on original features such as terrazzo flooring, curved staircases and streamlined façades underscores the premium placed on authentic design.Implications for the UK Property MarketHeritage‑focused flats often attract a niche segment of buyers, including investors, preservation enthusiasts and lifestyle purchasers. Their availability across both England and Scotland may signal a broader willingness among sellers to capitalize on the growing appreciation for mid‑20th‑century architecture.Looking Ahead: Potential Trends for Art Deco and Modernist HomesGiven the current visibility of these properties, market observers might anticipate increased competition for similar units, especially as media coverage raises public awareness. Future listings could see heightened price sensitivity and a stronger emphasis on conservation‑grade certifications.
#Art Deco #Modernist #UK Real Estate
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Business May 15, 2026

Republicans' plan for zero state income tax could be 'devastating', experts warn

Republicans in several US states, including Missouri, are pushing to eliminate state income taxes, …
The Dangers of Eliminating State Income Tax Hannah Rejali, a mother of four from Missouri, lived through the failed "Kansas Experiment" in the 2010s, when the Republican governor cut the state's income tax, resulting in a $900m budget shortfall and forcing at least eight school districts to end their academic year early. The Event Details Missouri is now considering a constitutional amendment to eliminate the state income tax, which would be the first such move in over a century. Advocates argue it would attract new businesses and put extra money in residents' pockets, while critics argue it would hurt lower- and middle-income residents and only help the wealthy. The Data Analysis Eliminating an income tax could lead to a reduction in state funding for schools, with some experts warning it could be "devastating" for public education. In Kansas, five years after the income tax cuts, the Republican-led legislature voted to roll back most of the tax cuts, overcoming the governor's veto. An Institute on Taxation and Economic Policy analysis found that people making between $49,000 and $80,000 would pay an average of $535 more annually if Missouri increases its sales tax to recoup the revenue lost to its reduction in income taxes. The Impact Analysis Experts warn that eliminating state income taxes could have significant impacts on lower- and middle-income residents, who would likely see their taxes increase through other means, such as sales tax expansions. The move could also lead to a decrease in state funding for public services, including education. The Prediction If the trend of eliminating state income taxes continues, it could lead to a "frog in boiling water" situation, where the quality of public services gradually degrades over time. Experts argue that the evidence that reducing or eliminating state income taxes attracts new businesses is mixed, and that the benefits of such a move are often overstated.
#Missouri #Republicans #state income tax
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Business May 15, 2026

Musk vs. OpenAI: Closing Arguments Set Stage for Verdict on AI Firm’s Governance

Closing arguments were delivered Thursday in Oakland, bringing Elon Musk's lawsuit against Sam Altm…
Closing arguments were presented Thursday in the federal courtroom in Oakland, bringing the high‑profile lawsuit filed by Elon Musk against Sam Altman and OpenAI to its final stage. A nine‑person jury will soon decide whether the AI company and its leadership breached a founding agreement and must repay $134 billion. Closing Arguments Focus on Governance and Trust Attorney Steven Molo for Musk emphasized alleged dishonesty by Altman, using vivid analogies to question his credibility. He urged jurors to view Altman’s statements as a “scary‑looking bridge” built on a shaky version of the truth. Musk’s side argues that OpenAI’s shift from a non‑profit to a for‑profit structure violated an unwritten founding pact. OpenAI’s counsel, led by Sarah Eddy and William Savitt, countered that no explicit contract existed and that Musk was aware of the for‑profit plans as early as 2017. They highlighted testimony from Musk’s partner Shivon Zilis, who could not recall any binding conditions on his funding, and argued the claims fall outside the statute of limitations. Financial Stakes: $1 trillion Valuation and $134 billion Claim OpenAI is preparing an IPO later this year with a projected valuation of $1 trillion. Musk seeks the removal of Greg Brockman and Altman, a reversal of the for‑profit structure, and the redistribution of $134 billion from the for‑profit arm to the non‑profit entity. The outcome could affect investor confidence in high‑growth AI startups and set precedents for charitable‑trust litigation. Impact on Silicon Valley’s AI Ecosystem The trial has become a litmus test for how AI ventures balance profit motives with public‑benefit missions. A verdict against OpenAI could force other AI firms to re‑examine governance frameworks, potentially slowing fundraising and IPO timelines. Conversely, a ruling in OpenAI’s favor may reinforce the legitimacy of hybrid non‑profit/for‑profit models that dominate the sector. Potential Outcomes and Future Legal Landscape If the jury finds liability, Judge Yvonne Gonzalez Rogers will determine remedies, which could include restructuring mandates or monetary restitution. Such a decision would likely trigger increased regulatory scrutiny of AI companies’ charitable commitments and could inspire similar lawsuits from other early investors. Should the jury side with OpenAI, the case may close a chapter on Musk’s legal challenge but leave open broader debates about AI governance and the role of billionaire backers.
#Elon Musk #Sam Altman #OpenAI
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Health May 15, 2026

PMI’s ‘I AM Marlboro’ Campaign Accused of Exploiting Youth

Anti‑tobacco groups say Philip Morris International’s new global “I AM Marlboro” campaign is design…
Anti‑tobacco advocates have condemned Philip Morris International’s (PMI) new global advertising push, arguing the “I AM Marlboro” campaign is a thinly veiled attempt to lure a younger audience while the company touts its transition to smoke‑free products.Global “I AM Marlboro” Campaign Sparks Accusations of Youth TargetingThe campaign features billboards, television ads and online videos that portray young adults climbing mountains, playing in rock bands and competing for branded merchandise such as scooters. PMI has filed or owns trademarks for the campaign in roughly 20 countries, including Indonesia, Morocco, Bangladesh and Germany.Roadside stands in the Philippines offer competitions to win a scooter for buying Marlboro packs.An Indonesian TV spot shows youthful adventure scenes tied to the brand.Critics note the slogan “I AM Marlboro” mirrors a previous “Be Marlboro” campaign that was banned in Germany for appealing to teenagers.Financial Snapshot: Smoke‑Free Products Now Dominate PMI’s RevenuePMI’s own spokesperson highlighted that in Q1 2026 43 % of net revenues came from smoke‑free products, a stark contrast to “essentially zero” a decade ago. Over the past ten years the company reports having sold 240 billion fewer cigarettes, while shipments of alternatives have risen annually.Implications for Tobacco Regulation and Youth HealthPublic‑health experts argue the campaign’s focus on identity, belonging and self‑expression directly targets adolescents, a demographic most vulnerable to nicotine addiction. The use of platforms like YouTube, Instagram and TikTok amplifies reach among youth, raising concerns for regulators in markets where the ads are most visible, such as Indonesia and the Philippines.Mark Hurley, vice‑president of the Campaign for Tobacco‑Free Kids, called the effort “doubling down” on cigarette promotion.Jorge Alday of Vital Strategies warned that genuine commitment to ending cigarettes would preclude any tobacco advertising.What the Future Holds for PMI’s Smoke‑Free TransitionIf regulatory bodies act on the alleged youth‑targeting tactics, PMI may face bans similar to the earlier “Be Marlboro” prohibition in Germany. The company’s claim that its marketing is “restricted to adults” will likely be scrutinized against the campaign’s visual and narrative cues that resonate with younger audiences. Continued pressure could accelerate PMI’s shift toward a fully smoke‑free portfolio, but only if it aligns its branding strategies with public‑health expectations.
#Philip Morris International #Jacek Olczak #Campaign for Tobacco-Free Kids
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Entertainment May 15, 2026

Linda Bassett on Theatre, Career, and New Play 'Care'

Veteran actress Linda Bassett discusses her distinguished career, her long-standing collaboration w…
The LeadRenowned actress Linda Bassett reflects on her distinguished career spanning decades of theatre work, her celebrated collaboration with playwright Caryl Churchill, and her upcoming role in Alexander Zeldin's "Care" at the Young Vic. Known for her understated yet powerful performances, Bassett shares insights into her approach to acting and the profound impact of theatre on her life.The Career JourneyBassett's path to acting wasn't conventional. Despite coming from a non-theatrical family, she discovered her passion at age four when she was unexpectedly thrust into a Sunday school Easter play. "I was in bliss," she recalls. Her formative years included ushering at the Old Vic during Laurence Olivier's legendary tenure, where she witnessed groundbreaking performances and even sold ice creams during intermissions.After briefly studying English at Leeds University, where she focused on drama rather than academics, Bassett began creating devised work in Leeds and Coventry. This experience, she suggests, "made me a bit gobby," developing her confidence to make suggestions as an actor, though she admits she sometimes oversteps when working with certain playwrights.The Churchill ConnectionBassett's most significant artistic relationship has been with playwright Caryl Churchill, beginning with "Fen" in 1983 and continuing through to "What If If Only" in 2021. She describes auditioning for Churchill as "enormous" because it launched her on a particular trajectory. Her disconcerting clarity has made her a peerless interpreter of Churchill's work, which some audiences find forbidding."They're not hard to watch," Bassett protests of Churchill's plays. She recalls her iconic monologue in "Escaped Alone" where the phrase "terrible rage" is repeated 25 times in succession. "It was the only thing to say at that point. The words fed the feeling, and it was the audience who felt it, not me, which is ideal." Churchill's writing, she notes, is "so distilled, no excess baggage," requiring actors to find "the one way" to play them.From Call the Midwife to CareDespite notable film roles including "East Is East" and "Calendar Girls," many audiences know Bassett as stern nurse Phyllis in the BBC's "Call the Midwife." "Complete strangers come up and say, I love you. My wife loves you, my mother loves you. It's extraordinary," she remarks of the public's connection to the character. Despite playing Phyllis for over a decade, she found fresh aspects to explore, learning "how to be" more matter-of-fact and practical than her natural disposition.Currently rehearsing Alexander Zeldin's "Care" at the Young Vic, Bassett plays Joan, a woman who after caring for her family begins showing signs of dementia and needs care herself. "She's convinced, as many people are, that she's just in for respite. She never loses the idea that she's going home," Bassett explains. The role draws from personal experience; after a heart attack, she spent two weeks recuperating in a care home, giving her "an insight into what it's like when you become helpless."The Actor's Philosophy"Every part is an education," Bassett states. "That's the glory of being an actor. You learn about human feelings and frailty and rottenness. The writer puts their soul on the page, and you inhabit that. I've always felt I was a writer's actor." This philosophy has guided her selective approach to roles, resulting in a "remarkably free of crap" CV despite turning down numerous opportunities.Though she hasn't performed as many classics as she might have hoped—"I think I'm seen as a working-class actress"—Bassett values the authenticity she brings to her roles. With Zeldin directing "Care," she appreciates his desire for "absolute truthfulness," which "suits me down to the ground." As she prepares for this new challenge, she acknowledges the nerves: "Every new part you're starting again. It's a bit scary, but I think we'll be all right."The Future of TheatreAs a veteran performer who has witnessed theatre's evolution, Bassett remains committed to the medium's power. She recalls the impact of Ronald Pickup's messenger speech in Peter Brook's production of Seneca's "Oedipus": "People fainted every night. You didn't see anything, his voice was enough. That's the power of theatre, isn't it?"Looking ahead, Bassett continues to seek roles that challenge her and explore the human condition. Whether through her meticulous interpretation of complex playwrights like Churchill or her willingness to portray the vulnerability of aging in "Care," she remains dedicated to the craft that has defined her life. "Every part is an education," she reiterates, and with each new role, Linda Bassett continues to learn, grow, and enrich the theatrical landscape.
#Linda Bassett #Call the Midwife #Caryl Churchill
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Politics May 15, 2026

Explosions Echo as Mining Unions Lead Anti‑Government Protest in Bolivia

On May 14, 2026, miners and rural unions set off small dynamite charges during a massive anti‑gover…
Explosive Demonstrations in La Paz Highlight Deepening CrisisDemonstrators led by mining groups and rural unions clashed with police in Bolivia’s capital, with small explosions heard as protesters attempted to breach the presidential palace. The protest underscores mounting public anger over an economic downturn that officials describe as the worst in decades.Mining Unions and Rural Groups Ignite Streets with DynamiteOn May 14, 2026, miners detonated sticks of dynamite in the heart of La Paz, a tactic meant to amplify their demands for fuel subsidies, welfare benefits, and agrarian reform. Earlier that day, a delegation of about 20 miners met with President Rodrigo Paz at the presidential palace, while Economy Minister Jose Gabriel Espinoza pledged “open dialogue.”Economic Strains Underpin the UnrestNatural gas production has plummeted, turning Bolivia from a major exporter into a net importer of oil and gas.Dwindling foreign‑currency reserves have triggered soaring inflation and chronic supply shortages.Citizens face long queues for fuel; hospitals report shortages of oxygen and medication.Previous road blockades by miners, farmers, teachers, and rural workers set the stage for today’s escalation.Political Repercussions for President Rodrigo Paz’s AdministrationThe protest adds pressure on the centre‑right leader elected in October 2025 on a promise to reverse the economic tailspin. While officials, including Public Works Minister Mauricio Zamora, reject calls for resignation, opposition figures blame former President Evo Morales for stoking dissent. Morales, currently facing an arrest warrant for statutory‑rape allegations, continues to mobilise rural support via social media.Outlook: Potential Escalation or Dialogue?With miners poised to resume blockades and the government refusing to step down, Bolivia faces a volatile weeks‑long standoff. If dialogue on fuel subsidies and agrarian reform materialises, tensions may ease; otherwise, further protests could spread, threatening regional stability and deepening the economic crisis.
#Bolivia #Rodrigo Paz #Evo Morales
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