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In an internal email circulated on Tuesday, Disney’s newly appointed CEO Josh D’Amaro disclosed plans to cut about 1,000 jobs as part of a broader effort to streamline the conglomerate’s operations.The reductions will primarily affect the recently restructured marketing division and extend to several other segments, including the studio and television arms, ESPN, product and technology teams, as well as select corporate functions.D’Amaro emphasized the need for a “more agile and technologically‑enabled workforce” to keep pace with the rapid evolution of the entertainment landscape, noting that the cuts are essential to meet future demands.These layoffs come as Disney, like many of its Hollywood peers, confronts a challenging economic backdrop characterized by a weakening television market, declining box‑office receipts, and intensified competition from rivals such as Warner Bros. Discovery and Paramount‑Skydance.The company’s most extensive workforce reduction occurred in 2023, when it announced a cut of 7,000 positions to achieve roughly $5.5 billion in cost savings, a move spurred by pressure from activist investor Nelson Peltz to improve financial performance and curb streaming losses.According to Disney’s latest fiscal data, the firm employed approximately 231,000 people as of September, the close of its fiscal year. The Wall Street Journal first reported the current round of job cuts.

Kevin Warsh, the former Federal Reserve governor chosen by Donald Trump to lead the central bank, has submitted financial disclosures indicating he holds assets worth well over $100m. This disclosure is a required step for his nomination to advance through the Senate.The document, filed with the US Office of Government Ethics, reveals that Warsh has significant investments, including two worth more than $50m each in the Juggernaut Fund LP and $10.2m in consulting fees from Stanley Druckenmiller's investment office. He has also pledged to divest certain assets if confirmed.Warsh's holdings include around two dozen investments in THSDFS LLC, some valued as high as $5m, as well as assets in artificial intelligence and crypto sectors. His spouse, Jane Lauder, whose family has interests in the Estée Lauder cosmetics company, also had holdings disclosed.The filing is a key step in Warsh's expected confirmation to succeed Jerome Powell as Fed chair, though the timing remains uncertain. A Senate banking committee hearing has yet to be scheduled, and Republican lawmakers have vowed to block his confirmation until a Department of Justice investigation into Powell is concluded.

The European Union is set to implement a sweeping reform of steel import duties from July, doubling tariffs and halving duty‑free quotas in an effort to stem a surge of low‑priced Chinese steel. EU lawmakers approved the measures after late‑night negotiations, targeting a 47% reduction in quota allowances. While exact country allocations remain pending, the policy will apply to all non‑EEA members, leaving Norway, Iceland and Liechtenstein exempt. EU Industry Commissioner Stéphane Séjourné hailed the deal as the "strongest ever" safeguard for European steel, framing it as a victory for domestic mills, workers and industrial sovereignty. European steel lobbyist Axel Eggert of Eurofer argued the steps will create space for EU producers to add 15 million extra tonnes of steel to meet local demand, thereby pulling the sector "back from the brink". Recent import data underscore the urgency: steel inflows rose to a record 9.9 million tonnes in the final quarter of 2025, up from 7.4 million tonnes a year earlier. The new regime will cap total EU steel imports at 18.7 million tonnes annually, with quotas to be negotiated across 28 product categories. For the United Kingdom, the timing is critical. The EU remains the UK's largest steel market, absorbing roughly 1.8 million tonnes of British steel each year—about 10% of the new quota. UK Steel, the industry body, warned that a failure to secure reciprocal quota access could cripple export flows. Britain is preparing its own counter‑measures, announcing a 50% tariff on third‑country steel imports from 1 July and a 60% cut to its own quotas, a stricter stance than the EU’s 47% reduction. Union representatives echo the alarm. The Community union described the EU quotas as an "existential threat" to British steel and urged the Labour government to guard against a potential "tide of diverted steel" entering the UK market. Both sides acknowledge the deep integration of their steel sectors. Eurofer’s deputy director Karl Tachelet called for preferential treatment for the UK, emphasizing that the two industries share a common interest in avoiding punitive measures. As negotiations unfold, the outcome will shape not only the future of European steel production but also the broader post‑Brexit trade relationship between the EU and the United Kingdom.

Matt Crocker, US Soccer’s sporting director, announced his departure on Tuesday, moving to a similar role with the Saudi Arabia football federation with under two months remaining before the 2026 World Cup. US Soccer said the responsibilities formerly held by Crocker will be divided among COO Dan Helfrich, assistant sporting director Oguchi Onyewu, women’s youth national team development head Tracey Kevins, and the broader sporting leadership team. US Soccer CEO JT Batson praised Crocker, stating, “Matt helped guide important steps across our sporting organization, and we’re grateful for his contributions.” He added that the federation remains “well positioned to make the decisions needed in the short, medium, and long term.” Crocker, hired in 2023 after Earnie Stewart left for PSV Eindhoven, arrived with a strong pedigree from English football, having served as technical director at Southampton and later for England (2013‑2020), where he was tasked with modernising the national team’s playing style. During his US tenure, Crocker oversaw all national‑team operations, including youth programmes, and was chiefly responsible for senior‑team coaching appointments. His first high‑profile decision was to re‑hire Gregg Berhalter as USMNT manager after a brief contract lapse and a complex investigation involving player Gio Reyna and past domestic‑violence allegations. Following Berhalter’s second stint, which ended with a group‑stage exit at the 2024 Copa América, Crocker secured Mauricio Pochettino as his successor at the end of 2024. Under Pochettino, the United States have recorded 10 wins, 1 draw, and 7 losses in 16 matches, including recent defeats to Belgium and Portugal in March friendlies. On the women’s side, Crocker recruited Emma Hayes from Chelsea in late 2023 after Vlatko Andonovski’s departure. Hayes guided the USWNT to Olympic gold in 2024 and has the squad positioned as a contender for the 2027 Women’s World Cup in Brazil. Reflecting on his time, Crocker said, “It has been a privilege to be part of US Soccer during such an important period for the sport in this country. I’m grateful for the people I’ve had the opportunity to work with across the federation, from our coaches and players to our technical and administrative staff.” Meanwhile, Saudi Arabia’s national‑team structure is in flux ahead of its own 2026 World Cup appearance. Reports suggest head coach Hervé Renard may depart, and technical director Nasser Larguet is expected to step down, signalling a broader overhaul of the federation’s leadership.

Scientists have confirmed that March 2026 was the hottest March on record in the United States, underscoring the urgency of the climate crisis. Yet, a weekend gathering in a hotel basement near the White House, organized by the climate‑denying Heartland Institute, celebrated a very different narrative.The audience—predominantly middle‑aged men in suits—cheered the claim that the world is finally “waking up” to the idea that there is no climate crisis. Heartland Institute president James Taylor described the atmosphere as “wonderful” and declared that “the truth is winning out.”The event’s headline speaker was Lee Zeldin, the EPA administrator—a figure also rumored to be under consideration for the role of attorney general. Zeldin framed the conference as a day of “vindication,” accusing a “cabal of elites” of using climate science to push a political agenda.Booths and banners, sponsored by groups such as the CO2 Coalition, displayed slogans like “CO2 is a lifesaver” and “There is no climate crisis.” Pamphlets touted fossil fuels as the “greenest energy source” and dismissed net‑zero targets as unfounded.While some attendees denied the existence of global warming outright, others conceded that temperatures were rising but insisted it was not a human‑caused emergency. Taylor later clarified that “humans have played a role in climate change, but that is not the same as a ‘climate crisis.’”Harvard historian Naomi Oreskes noted that think tanks like Heartland portray themselves as underdogs, even though they receive substantial backing from powerful interests. The institute has historically been funded by major oil companies—including Shell and ExxonMobil—and by the Mercers, a prominent Republican donor family.When asked about current funding sources, Taylor dismissed the inquiry as “curious and disappointing,” insisting that the organization is supported by individuals who value “freedom and affordable energy.” He added that the institute has not received oil money for nearly two decades, though he would “gladly accept” it again.Under the Trump administration, groups such as the Heartland Institute, the CO2 Coalition, and the Committee for a Constructive Tomorrow (CFACT) have secured unprecedented policy influence. Their agenda includes the repeal of the EPA’s “endangerment finding,” a legal basis for most U.S. climate regulations. During Zeldin’s introduction, CFACT president Craig Rucker announced the rollback to a cheering crowd.CFACT’s lobbying helped cancel a California offshore‑wind project, while the CO2 Coalition’s founder helped establish a White House committee that questioned climate science during Trump’s first term. Most recently, the coalition succeeded in placing an ophthalmologist with no air‑pollution expertise on a key EPA advisory panel.Despite the deniers’ confidence, polling consistently shows that a **vast majority of Americans**—including 42 % of young Republicans—acknowledge climate change and view it as a pressing issue. Taylor countered by citing a 2019 survey indicating limited willingness to pay higher electricity bills for climate action, but the broader data suggest strong public concern.Younger activists disrupted a youth‑focused panel, arguing that the conference’s “geriatric white‑male” audience was out of touch with the climate realities that will affect their generation. One protester shouted, “There’s no such thing as fossil‑fuel‑caused climate change!” before being removed.The clash highlighted a growing divide: while right‑wing think tanks are consolidating power within the federal government, public opinion and scientific consensus continue to affirm the reality and urgency of global warming.

Gina Rinehart, Australia's wealthiest person, faces a potentially significant loss of wealth and control over her Pilbara iron ore empire as a court verdict looms in Perth. The Western Australian supreme court judgment will determine whether Rinehart must share the spoils of some of Hancock Prospecting's most lucrative iron ore projects with the family of her late father's business partner, Peter Wright.The dispute centers on the lucrative Hope Downs mining complex near Newman in north-west Western Australia, a joint venture between Hancock Prospecting and Rio Tinto, which delivered a $832m profit to Hancock Prospecting in 2025. The Wright family heirs claim they are entitled to an equal share of the 2.5% royalties coming from Hope Downs to Hancock Prospecting.Hancock Prospecting rejects the claim, arguing it undertook all the work and bore the financial risk of development, making it the legitimate owner of the Hope Downs assets. The judgment, expected to be appealed regardless of the outcome, may also impact Rinehart's children, who have accused their mother of an 'egregious fraud' against them.Rinehart's company and Hancock Prospecting have rejected all claims, with Rinehart's lawyers arguing that her actions were done to right an historic wrong by her father. The court's decision will also inform a separate federal arbitration process that will decide how Hancock Prospecting's shares are divided between the family.In a related development, Hancock Prospecting's latest annual report shows that more than $6.4bn in dividends have been placed in reserve pending the outcome of arbitration.

Moya Brennan, the celebrated voice behind Irish folk ensemble Clannad, passed away at the age of 73 in her native County Donegal, surrounded by family. The 73‑year‑old had been living with pulmonary fibrosis and was awaiting a possible double‑lung transplant when she died peacefully. Born 4 August 1952 in Dublin as Máire Philomena Ní Bhraonáin, she grew up in a large musical family that performed in their local pub. She later honed her craft at the Royal Irish Academy of Music before co‑founding Clannad in 1970 with her brothers and two uncles. Clann2’s early breakthrough came at the Slógadh Youth Festival, where a prize‑winning performance secured a Polydor contract—though the band members were too young to sign. Their commitment to singing in the Irish language set them apart; as Brennan recalled in 2022, they felt they were “letting the language down” but fell in love with its melodies. The group’s commercial breakthrough arrived in 1983 with the album Magical Ring and its hit single “Theme from Harry’s Game.”strong> The track reached No. 5 on the UK Top 40, earned Clannad a historic appearance on Top of the Pops as the first act to perform in Irish, and paved the way for a BAFTA‑winning score for the ITV series Robin of Sherwood. Throughout the 1980s and 1990s, Brennan earned the moniker “first lady of Celtic music,” garnering praise from peers such as Bono of U2 and contributing vocals to major film soundtracks including Titanic and King Arthur. Her sister Eithne, later known as Enya, also emerged from Clannad before launching a wildly successful solo career. Beyond her musical achievements, Brennan’s personal journey was marked by hardship. She publicly discussed a 1972 abortion in England, subsequent substance use, an 18‑month marriage to fellow musician Pat Farrell, a miscarriage in 1987, and a brief relationship with U2’s Adam Clayton. A deepening Christian faith after the miscarriage helped her overcome addiction, and she later married photographer Tim Jarvis in 1990, a partnership she credited with ending her drug use. Her solo discography began with the critically acclaimed album Máire in 1992 and continued through 2024’s Voices & Harps IV with Cormac de Barra. Brennan also devoted considerable energy to philanthropy, working with Christian Blind Mission Ireland on projects across the Democratic Republic of Congo, Rwanda, Brazil, and Tanzania, and supporting programs for those battling drug and alcohol dependency. In 2002 she officially adopted the stage name Moya Brennan, formalising the change by deed poll in 2009. Over the years she collaborated with a diverse roster of artists, from Shane MacGowan and Robert Plant to Bruce Hornsb​y, the Doobie Brothers, and Ronan Keating. Brennan is survived by her husband Tim Jarvis and their two children. In a 2022 interview she attributed her resilience in the face of her lung disease to her Christian faith, stating, “I know God is with me… that’s where my strength comes from.”

The Rock and Roll Hall of Fame has revealed its list of 2026 inductees, showcasing a diverse range of artists who have made significant contributions to the music industry. Phil Collins, known for hits like 'In the Air Tonight' and 'One More Night', will be inducted, despite already being part of the hall as a member of Genesis. Collins has earned eight Grammys, including album of the year in 1985 for 'No Jacket Required'.Oasis, the iconic Britpop band, will also be inducted, marking a significant recognition of their impact on the music scene. Sade, the soul-jazz vocalist, is another notable inductee, known for songs like 'Smooth Operator' and 'The Sweetest Taboo'. This will be her second nomination, following her first in 2024.The Wu-Tang Clan will be recognized as rap innovators, having released their game-changing debut album 'Enter the Wu-Tang (36 Chambers)' in 1993. Other inductees include Iron Maiden, who helped power the new wave of British heavy metal, and Luther Vandross, who sold over 25m albums and inspired artists like Kendrick Lamar and SZA.The induction ceremony will take place on November 14 at the Peacock theater in Los Angeles. In addition to the performer category, the Hall of Fame will also celebrate contributions across three special categories: early influence, musical excellence, and the Ahmet Ertegun non-performer award.This year's early influence category will honor Queen Latifah, Celia Cruz, Fela Kuti, MC Lyte, and Gram Parsons. The musical excellence category will recognize songwriter Linda Creed and producers Arif Mardin, Jimmy Miller, and Rick Rubin. The Ahmet Ertegun non-performer award will go to Ed Sullivan, the legendary host of the eponymous TV show that launched many musical icons of the 1950s and 1960s.

Energy prices in the United States have continued to surge, even after President Donald Trump's administration issued a 60-day waiver of the Jones Act, a maritime law that restricts foreign-flagged vessels from transporting goods between US ports.The waiver, which came into effect on March 18, was intended to alleviate pressure on energy supplies by allowing more foreign vessels to transport goods domestically. However, experts say the impact on oil prices has been negligible, with oil prices rising 4 percent on the day amid a US blockade of Iranian ports.“It is estimated that it’s going to be about 3 cents on the East Coast and it might go up on the Gulf Coast, but these changes are so small that they’re overshadowed by the spikes in oil prices, and the oil prices keep going up,” said Usha Haley, a professor of management at Wichita State University.The Containerized Freight Index, a benchmark for shipping container costs, has jumped more than 10 percent over the last month and is up more than 35 percent from this time last year. The average price of gas in the US has also increased to $4.125 per gallon, up from $3.63 at this time last month.Despite the waiver, shippers have adapted their routes, with more than 34,000 ships diverting from the Strait of Hormuz over the past month. Major vessel insurers have also cancelled war risk coverage for ships travelling through the waterway, dissuading ship owners from going through the Gulf.Experts predict that fuel prices will only normalise once traffic through the strait returns to pre-war levels. The ongoing conflict and disruptions to transit through the Strait of Hormuz have contributed to the sustained high energy prices.