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Japan's economic strategy has inadvertently created a Japanese century in global finance, driven by the yen's role as a cheap and reliable funding currency. The Bank of Japan's loose monetary policy has suppressed yields on public debt, effectively creating a publicly subsidized funding pipeline for bankers.By borrowing cheaply in yen and investing in higher-return assets, such as US equities, global investors have profited tens of billions of dollars from the 'yen carry trade'. This trade surged after the pandemic, with speculators betting $435bn in the two years to 2024 out of the estimated $1.7tn worth of yen supplied.Despite Japan's first rate hike since 2007 in March 2024, the carry trade remains popular. However, a persistent fear exists that the BoJ may aggressively raise rates, risking a global financial shock. A stronger yen would increase the cost of repaying yen-denominated debts, and heavily leveraged hedge funds could face significant losses.Japan's economic success has created an external dependency on the carry trade to manage internal crises. The country's reflationist prime minister, Sanae Takaichi, is committed to fiscal expansion, which may continue to stabilize the private sector but not necessarily drive growth.Economic analysis suggests that Japan's growth constraints are rooted in its macroeconomic prices, including profit, exchange rate, interest, wages, and inflation. While Japan has seen recent real wage growth, wages have historically been flat or falling, and the country's firms lack a reliably competitive exchange rate and viable profit rate to drive demand and reform.

Prime Minister Keir Starmer seized the launch of a new package of workers’ rights, due to take effect on Monday, to launch a direct attack on the Green Party and Reform UK. He warned that supporting any rival would place recent gains in sick pay, parental leave and the curbing of zero‑hours contracts in jeopardy. Speaking ahead of the May 7 local elections, Starmer framed Labour’s agenda as the only one offering a "serious, credible economic strategy" capable of delivering the reforms. He dismissed business critics as "vested interests" who had warned against the measures. The reforms include several headline‑making changes: the two‑child benefit cap is lifted – a demand long championed by child‑poverty advocates – and the government touts this as one of its proudest achievements. A 4.8% rise in the state pension will raise weekly payments to £241.30, while the standard allowance for Universal Credit climbs by 2.3%. Under the Employment Rights Act 2025, statutory sick pay becomes a right from the first day of illness, and workers will be entitled to paternity and unpaid parental leave immediately upon starting a job. These "day‑one rights" are presented as the most significant strengthening of workers’ protections in a generation. Labour is positioning these policies as a bulwark against potential losses in English council and mayoral contests, where it faces challenges from Reform on the right and the Greens on the left. Recent YouGov data placed the Greens and Reform each at 21%** of voting intention, with Labour trailing at **17%**. Starmer’s rhetoric signals a leftward shift within Labour, amid pressure from potential leadership rivals such as Angela Rayner and Andy Burnham. He acknowledged past opposition from business leaders who warned of costs and disruption, but asserted that Labour chose to stand with "working people". Not all left‑wing allies are satisfied. Unite’s General Secretary Sharon Graham criticised the Employment Rights Act as "a shell of its former self," while the union recently slashed its membership fees to Labour over disputes like the Birmingham bin strike. The Conservative Party, represented by Kemi Badenoch, condemned the removal of the two‑child benefit cap, claiming it would cost billions and "reward worklessness". Government analysis estimates the change will channel at least £1 billion annually to 186,000 work‑less households, with a typical family of two unemployed adults and three children seeing a **£6,400** income boost. The bulk of the benefit is projected to flow to a handful of cities – Leeds, Manchester, Birmingham, Bradford and Glasgow – each set to receive over **£200 million** per year. Starmer likened the current reforms to the Blair government’s introduction of the minimum wage 27 years ago, positioning them as a historic step forward for the UK labour market.

Several Premier League clubs are struggling to find new shirt sponsors ahead of next season, with nine clubs yet to secure front-of-shirt commercial deals and 12 having not signed contracts. The imminent ban on shirt advertising from gambling companies is having a significant impact on clubs' commercial returns, with the collective loss of income from shirt deals potentially as high as £80m next season.Gambling operators, particularly those serving Asian markets, have been willing to pay more than other companies to sponsor Premier League clubs. However, the removal of gambling firms from the market has led to intense competition among clubs at lower prices. Of the 10 top-flight clubs with gambling sponsors this season, only Bournemouth have announced a replacement, with the club's stadium sponsor Vitality moving on to the shirt in a cut-price deal.Brentford are close to announcing that their existing training kit sponsor, the job search website Indeed, will be on their shirt next season, while Everton and Fulham appear set to buck the trend as they are in advanced negotiations with the foreign exchange trader CMC markets. However, seven clubs with gambling companies' backing remain in the market, including Chelsea and Newcastle, who are still seeking new sponsors.The ban on gambling sponsorships has exacerbated the divide between the big six clubs and the rest of the Premier League in terms of the sponsors they can attract. Arsenal, Liverpool, Manchester City, and Manchester United are locked into long-term deals worth between £50m and £60m a year, while Leeds and Brighton have long-term contracts with Red Bull and American Express respectively.

Deontay Wilder secured a split‑decision win over Derek Chisora in London on Saturday, prompting the former WBC champion to directly challenge Anthony Joshua for a long‑awaited heavyweight bout.As Wilder exited the arena, he walked past Joshua, exchanged a fist‑bump, and declared, “Let’s do it.” The American added, “I’m ready for whoever is in the heavyweight division. Call me Mr Clean because I want to clean up the whole division.”Wilder, who holds a record of 45‑4‑1 with 43 knockouts, faced a resilient Chisora who fought his 50th professional contest. The British veteran, aged 42, fell to a split decision with judges scoring the bout 115‑111, 112‑115 and 115‑113 in Wilder’s favour.Joshua, who last fought in December when he knocked out Jake Paul, has since recovered from a serious car accident in Nigeria that claimed two of his close friends. Promoter Eddie Hearn told Fight Hub TV that Joshua would have “no problem” taking the fight, noting the British boxer stared at Wilder “ice‑cold” but would accept the challenge.Historically, Wilder was the WBC champion when Joshua held the WBA, IBF and WBO belts, but a unification bout never materialised after Wilder’s loss to Tyson Fury and Joshua’s defeat to Oleksandr Usyk, who later unified the titles by beating Fury in May 2024.Chisora, whose record stands at 36‑14 with 23 knockouts, acknowledged the end of his fighting career after the loss. Speaking beside his son Zion, he said, “I’m tired now. I can’t do it any more… I’ve had a great career.” While he hinted he might stay involved in boxing in another capacity, he stopped short of confirming a comeback.The potential Wilder‑Joshua clash now looms as the heavyweight division seeks a new marquee matchup, with both fighters positioning themselves as the next dominant force.

Duncan James from Blue has opened up about his favorite songs, sharing a personal playlist that reveals a lot about his musical tastes and experiences. The song he inexplicably knows all the lyrics to is Can't Help Falling in Love by Elvis, which he even sent as his audition tape to join Blue.James also shared his go-to karaoke song, It's Raining Men by Geri Halliwell, which he sang at his 30th birthday party. Interestingly, Geri Halliwell herself walked in during the performance and joined James' mum on stage.Other notable songs on his playlist include Sadeness (Part I) by Enigma, his first single purchase, which his friend bought for him at Woolworths. James also confessed that Fantasy Island by Tight Fit was the first song he fell in love with, likely due to his crush on a guy in a zebra print headband from the music video.James also talked about the song that makes him cry, My Life Is Going On by Cecilia Krull, from the Spanish Netflix series La Casa De Papel (Money Heist). On a lighter note, he shared his least favorite song to have sex to, One Love by Blue, which he found creepy.The song that changed James' life was All Rise, which became a worldwide hit and started Bluemania. He also revealed his favorite song to play at a party, Defying Gravity from Wicked, which gets him dancing on tables.On a more sentimental note, James shared the song he can no longer listen to, Meu Abrigo (My Shelter) by Melim, which reminds him of his ex. He also confessed to secretly liking Doctor Jones by Aqua, despite pretending to hate it. Finally, the song he'd like played at his funeral is Bohemian Rhapsody by Queen, which he believes is one of the greatest songs ever written.

When Corentin Roudaut arrived in Paris a decade ago, he swapped his student‑era bike for a car, daunted by the city’s traffic and lack of cyclist protection. After a protected lane opened on Boulevard Voltaire in the 11th arrondissement, he reclaimed his two‑wheel commute and now volunteers with the cycling advocacy group Paris en Selle, witnessing a city that has shed its car‑centric image.Roudaut notes that the shift “started slowly but really accelerated in the last ten years,” with a growing network of bike routes that is becoming safe and nearly complete in many districts.Mayor Anne Hidalgo’s 12‑year agenda reshaped Paris’s urban fabric. Since taking office in 2014, her administration planted 155,000 trees, created several hundred kilometres of segregated bike lanes, pedestrianised 300 school streets, and banned cars from the banks of the Seine. Former parking spaces have been turned into green plazas and café terraces, reducing the risk of children being hit while walking to school.As Hidalgo departs on Sunday, her legacy is touted as a blueprint for progressive European cities, especially as some national governments retreat from green initiatives.Nevertheless, the reforms have sparked pushback. Motorists object to the loss of road space, and recent referendums on higher parking charges for SUVs and further school‑street pedestrianisation suffered low voter turnouts. Right‑wing mayoral candidate Rachida Dati described the new public‑space regime as “anxiety‑inducing,” though she stopped short of promising a reversal.In a candid interview, Hidalgo described the Seine‑bank pedestrianisation as “a tough battle” that, once won, left residents reluctant to revert to car traffic. She highlighted a generation of children who have never known cars on those riverbanks, prompting awe‑filled reactions from visitors.Urban scholars attribute the rapid change to Paris’s tight administrative boundaries, which limit suburban influence on city transport decisions, and to groundwork laid by previous mayors. Yet they stress that political courage was essential to implement measures that inconvenienced drivers while delivering social and environmental benefits.Environmental epidemiologist Audrey de Nazelle of Imperial College London, a Paris native, praised the transformation as “fabulous” and warned that many cities lack the bravery to pursue similar legacies.A recent report placed Paris among 19 global cities that cut two major toxic air pollutants between 2010 and 2024. While Brussels and Warsaw saw faster declines in fine‑particle matter, London outpaced Paris in reducing nitrogen‑dioxide levels.By contrast, Berlin—despite opening a new inner‑city motorway and scrapping 30 km/h speed limits on key streets—still records a higher share of cyclists than Paris.Transport researcher Giulio Mattioli argues that Paris simply needed to add bike lanes to unlock latent demand, noting that the city started from a lower baseline but quickly caught up with peers.However, the transformation remains uneven. The extensive suburbs continue to be dominated by cars, hemmed in by the 35 km Boulevard Périphérique ring road. Analyst Jean‑Louis Missika of think‑tank Terra Nova stresses that “as long as this motorway encircles Paris, the Greater Paris metropolis will remain an administrative construct devoid of urban reality.” He calls for dismantling or repurposing the ring road to achieve a truly post‑car metropolis.

Deontay Wilder survived a relentless challenge from 42‑year‑old Derek Chisora to claim a split‑decision win at the O2 Arena, London, on April 5, 2026. The bout, billed as Chisora’s 50th professional fight and farewell, unfolded as a high‑octane slugfest that many are already dubbing a fight‑of‑the‑year contender.Wilder opened the contest displaying the power that once made him a feared puncher, but Chisora responded with aggressive pressure, landing an early uppercut that sent both men teetering over the ropes. The second round mirrored the first, with Chisora’s forward thrust met by a slick combination from Wilder.Mid‑fight drama escalated when Chisora was knocked down in the eighth round. He beat the count and, despite a point deduction for Wilder later in the bout, rallied to force the American onto the ropes, showcasing remarkable resilience.The judges’ cards read 115‑111, 112‑115, and 115‑113 in favour of Wilder, delivering him a split‑decision triumph. The narrow margin underscores how closely contested the encounter was, keeping Chisora in the conversation for future heavyweight match‑ups.Adding to the night’s spectacle, former champion Anthony Joshua made a surprise appearance, greeting Chisora on his way to the ring – his first public outing since a December 2025 car crash that claimed two close friends.Throughout the ten‑round battle, both fighters exchanged knock‑downs and near‑knockouts. Wilder was deducted a point for a foul, while Chisora survived two knock‑downs without being stopped, earning a hero’s reception from the crowd during his final three minutes.While the arena roared for the last three minutes of Chisora’s career, the referee never intervened, allowing the British veteran to exit the ring to a standing ovation, marking an emotional close to a storied tenure in heavyweight boxing.

Approximately two dozen Democratic‑led states and the District of Columbia have lodged a federal lawsuit against President Donald Trump to block a newly issued executive order that would sharply limit mail‑in and absentee voting. The filing, submitted on Friday, comes as voting‑rights groups warn the measure is designed to make voting harder ahead of the 2026 midterm elections, which will decide control of both chambers of Congress. New York Attorney General Letitia James, representing 23 states and D.C., said the order "exceeds the president’s constitutional authority" and undermines the principle that states set the times, places and manner of elections. "Free and fair elections are the cornerstone of our democracy, and no president has the power to rewrite the rules on his own," James stated. The contested order, signed on Tuesday, directs the Department of Homeland Security to compile a nationwide list of eligible voters and instructs the United States Postal Service to deliver ballots only to individuals on a "State‑specific Mail‑in and Absentee Participation List." Critics argue the list would be incomplete and would place an undue burden on the USPS. Voting‑rights advocates note that mail‑in voting surged after the COVID‑19 pandemic, with one‑third of all 2024 ballots cast by mail, a trend that cuts across both Republican and Democratic states. In their complaint, the states contend that only Congress, not the president, may impose new restrictions on election administration, and that implementing such changes so close to the November vote would generate significant logistical chaos. President Trump maintains the action is needed to combat "rampant voter fraud," a claim repeatedly debunked by independent monitors, including the Heritage Foundation, which reports fraud rates are exceedingly low. Beyond the lawsuit, the Justice Department has pursued separate legal actions to obtain voter data, and the FBI’s recent raid on a Georgia election office has heightened concerns about election integrity. Trump is also urging Congress to pass the "SAVE America Act", which would require proof of U.S. citizenship—such as a birth certificate or passport—and a photo ID for ballot casting. Rights groups warn the proposal could disenfranchise many voters, including women who have changed their surnames after marriage.

On a sun‑lit picnic beside Canberra’s Molonglo River, a tartan blanket, a bottle of wine, crusty baguette, cheese and a daring chicken‑and‑grape salad from a gourmet magazine marked the beginning of a romance that would be defined by food.Their shared appetite for culinary experimentation quickly turned into a series of kitchen showdowns—debates over meat doneness, oven temperatures, seasoning ratios and the eternal butter‑vs‑oil dilemma. While the clashes were frequent, the meals they produced together often became celebrated triumphs.Over the years, their lives were chronicled in the spines of recipe books and the aromas of countless dinners. From the quest for the perfect loaf to the fiery sting of chilies that left a lasting impression, each dish mapped the highs and lows of their partnership.He gravitated toward savoury mains; she honed a talent for desserts. Their culinary quirks—her habit of returning leftovers to the fridge, his ritual of swaddling roasted meat in tea towels—added both friction and flavor to their shared table.Even after their separation, the couple’s kitchen remains a shared space. A well‑worn ceramic baking tray, scarred by years of roasting turkeys, chickens and lamb, still serves as the foundation for gravy‑making and other culinary rituals during holiday gatherings.One of his most enduring contributions is a dish they call Pasta Dimanche. Born from a pantry raid on a Sunday night, the pasta blends diced capsicum, carrot, purple onion, garlic, celery, parsley and tomato with a tin of tuna, cracked pepper, salt and a splash of Tabasco and green chilli sauce. The result is a vibrant, summery plate that celebrates colour, texture and the surprise harmony of warm and crisp.Recipe: Pasta Dimanche (Serves 4)Ingredients:1 red onion, finely chopped1 carrot, finely diced3 garlic cloves, finely chopped1 yellow capsicum, finely chopped1 green capsicum, finely chopped1 red capsicum, finely chopped1 cup finely chopped parsley370 g tin tuna, drained1 tsp Tabasco1 tsp green TabascoDried pasta of choice (to serve)Method:1. Toss the vegetables, garlic, parsley and tuna in a large bowl; season with Tabasco, salt and pepper.2. Cook pasta in salted boiling water until al dente; drain.3. Divide pasta among four bowls, top with the tuna‑vegetable mix, and serve.Despite their split, they continue to exchange food news, recipe links from the New York Times, and tips on premium ingredients—proving that a shared love of cooking can outlast even the most intimate of relationships.