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World Economy Apr 10, 2026

Starbucks UK Secures £13.7m Tax Credit Amidst Soaring Sales and Losses

Starbucks's UK retail arm received a £13.7m corporation tax credit despite increased sales and stor…
Starbucks's UK retail arm secured a significant £13.7m corporation tax credit last year, even as it reported a 6% increase in sales to £556.3m and added over 90 new stores, bringing its total to 1,304. The tax credit, which can be used to offset future tax bills, follows losses widening to £41.3m in the 12 months to September.The company's financial performance was impacted by £40m in royalty and licence fees paid to its parent company, Starbucks Emea. These fees, which are paid to a UK-based entity that collects similar fees from across Europe, the Middle East, and Africa, significantly contributed to the losses.Despite the losses, Starbucks UK's sales growth was driven by price increases, new loyalty schemes, and the introduction of “freshly baked in-store food”. The company also shifted its workforce towards full-time staff, reducing overall staff numbers by 244 to 5,352.Critics, such as the Fair Tax Foundation, argue that this situation highlights a recurring issue where large corporations like Starbucks use complex financial structures to minimize their tax liabilities. “This all feels so very Groundhog Day,” said Paul Monaghan, chief executive of the Fair Tax Foundation. “As per a decade ago, Starbucks UK reports annual growth in income and store numbers, whilst at the same time declaring a loss due to the payment of hefty royalty fees to other Starbucks subsidiaries. The end result, no corporation tax is paid.”In response, a Starbucks spokesperson emphasized the company's commitment to paying all taxes due, stating that it “manages its global tax responsibilities in keeping with its mission and values.”The company's financial challenges are expected to continue, with Starbucks UK citing a “challenging consumer environment” characterized by inflationary pressures, reduced discretionary spending, and increased competition. The company has received financial support from its parent group, including £30m in cash to keep the business afloat and a further £60m in February.
#starbucks #tax #year
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World Economy Apr 10, 2026

Stefano Gabbana Resigns as Chair of Dolce & Gabbana Amid Debt Negotiations and Potential Stake Sale

Co‑founder Stefano Gabbana stepped down as chair of Dolce & Gabbana on 1 January 2026, citing a nat…
Stefano Gabbana left his post as chair of Dolce & Gabbana effective 1 January 2026, describing the move as part of a "natural evolution" of the company’s organisational structure and governance.The luxury house stressed that the resignation will not affect Gabbana’s creative responsibilities within the group.According to Bloomberg, Alfonso Dolce – Domenico’s brother and the group’s chief executive – assumed the chairmanship in January, taking over the role from the co‑founder.Sources indicate that Gabbana is exploring options for his 40 % equity stake as the brand continues negotiations with its bank lenders. In parallel, former Gucci chief Stefano Cantino has been appointed to a senior management position as part of the reshuffle.A D&G spokesperson added that the company “has no statement to make at this time” regarding its debt position, as talks with banks remain ongoing.The Italian label, founded in 1985, is grappling with a slowdown in the high‑end fashion market, a trend intensified by uncertainty surrounding the war in Iran – a region that represents a crucial market for luxury brands.In March, Dolce & Gabbana hired Rothschild & Co as its financial adviser to prepare for creditor discussions. At that point the group carried €450 million (£391 million) of bank debt, incurred after a 2025 refinancing aimed at supporting a new growth strategy while preserving independence. Lenders had temporarily waived certain borrowing terms.Ownership of the company remains split: each designer holds a 40 % stake through a holding vehicle, while the remaining shares are owned by Alfonso Dolce and their sister Dorotea.Founded by Stefano Gabbana and Domenico Dolce, the brand quickly became synonymous with a “molto sexy” Italian aesthetic, gaining global visibility after Madonna commissioned costumes for her 1993 Girlie tour. By 2009, Dolce & Gabbana reported a turnover of €1 billion.Despite its commercial success, the house has faced a series of controversies over the past 15 years, ranging from accusations of racism and homophobia to backlash over culturally insensitive advertising, which have at times threatened its market position.
#gabbana #dolce #amp
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Environment Apr 10, 2026

Twin Births Spark Hope for Mountain Gorilla Recovery in Virunga National Park

Two rare sets of twin mountain gorillas were born in the Virunga range within three months, undersc…
In the 1970s and 80s, fewer than 250 mountain gorillas survived worldwide, prompting dire predictions of extinction. Decades of focused protection have lifted that number to over a thousand, and the trend continues upward.Recent patrols on the Democratic Republic of the Congo side of the Virunga range have documented an extraordinary event: two pairs of twin gorilla infants were born within a three‑month span. Twins are exceptionally uncommon in this species, representing less than 1% of all births, making the double occurrence a remarkable indicator of population health.Jacques Katutu, head of gorilla monitoring at Virunga, emphasized that the twin births “provide another vital indicator that dedicated conservation efforts… support the growth of the endangered mountain gorilla population within Virunga National Park.” Rangers suggest the thriving families are robust enough to meet the added demands of raising twins.Infant mountain gorillas face high mortality, often succumbing to infanticide, injury or disease. Yet the first twin pair, born in January, is reported to be alive and thriving, with troop members assisting the mother, Mafuko, in caring for her male infants.The achievements occur against a backdrop of extreme danger for park staff. More than 220 rangers have been killed protecting wildlife in the DRC over the past two decades, while rebel groups such as M23 continue to operate with impunity.Integral to this success are the Gorilla Doctors, a veterinary NGO whose interventions are credited with about half of the species’ population increase. Their teams trek daily through the dense forest, identifying each gorilla by name and providing medical care for injuries and disease in the isolated habitats of Virunga and Uganda’s Bwindi Impenetrable National Park.Dr. Benard Ssebide, a leading Gorilla Doctor, guided the author through the gorilla family on Mount Muhabura, narrating each animal’s story as they foraged for thistles, leaves and wild blackberries.These twin births serve as a powerful reminder that, even amid global environmental challenges, concerted human effort can foster tangible recovery for one of the planet’s most iconic endangered species.
#drc #uganda #rwanda
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World Economy Apr 09, 2026

UK Abolishes Two‑Child Benefit Cap, Aiming to Lift 450,000 Children Out of Poverty

The UK government has repealed the two‑child benefit limit, a policy introduced by former Chancello…
The two‑child benefit cap, introduced in 2015 by Chancellor George Osborne as a fairness measure, has been widely criticised for penalising families rather than influencing birth rates. Eleven years on, evidence shows the policy did not reduce family size but instead increased hardship for the poorest households.Research estimates that the cap pushed 350,000 children into poverty and drove another 700,000 deeper into deprivation. The impact fell disproportionately on the most vulnerable universal‑credit claimants, with a notable over‑representation of Muslim and Jewish families. Affected children missed out on school uniforms, extracurricular activities, and even regular meals.On Monday, the government announced the cap’s removal – a move that analysts say could deliver the most significant reduction in child poverty seen in a single parliamentary term. Modelling suggests that by 2030 450,000 children could be lifted out of poverty, while roughly 480,000 families may see an annual boost of £4,100. Parents anticipate being able to avoid food banks, afford hot school meals, and prevent bullying linked to clothing.The reversal was not inevitable. Persistent campaigning by think‑tanks, charities, and a handful of rebellious Labour MPs – some of whom faced suspension for defying party whips – forced the issue onto the political agenda. Nevertheless, the editorial notes that an estimated four million children will remain in poverty without further systemic reforms, such as raising Universal Credit rates and increasing local housing allowances.Public opinion remains divided: a recent YouGov poll found that six in ten Britons previously supported keeping the cap, though support for removal rose when the policy was framed as giving every child a good start. The editorial warns that other parties, including Reform UK, have pledged to reinstate the limit, underscoring the need for Labour to consolidate this victory and push for broader anti‑poverty measures.
#children #when #child
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Sports Apr 09, 2026

American Samoa Women Transform From World Cup Underdogs to Dark Horses with Historic Upsets

The American Samoa women’s national team, once the lowest‑ranked side in the OFC, have shocked oppo…
From the world’s smallest footballing nation – a population of just 45,319 – the American Samoa women entered the 2026 World Cup qualifiers ranked 153rd, the lowest spot in the global rankings.Team captain Alma Mana’o describes the squad as a close‑knit family, noting that several sets of sisters play together and that the Mana’o family holds the record for the most relatives to appear at FIFA events.In November, the side faced Tonga, the tournament’s highest‑ranked opponent. 18‑year‑old Cassidy Drago etched her name into Samoan folklore by netting the nation’s first ever goal in women’s World Cup qualifying, followed quickly by a second, sealing a 3‑0 victory. The momentum continued with a win over the Cook Islands, cementing their reputation as genuine upset‑makers.The second round seemed to promise a return to reality when the Solomon Islands – 80 places above them in the rankings and 2025 Pacific Nations Cup champions – thrashed American Samoa 7‑1 in an Olympic qualifier. Yet, just 90 minutes later, the Samoans produced one of the competition’s most astonishing results: a 1‑0 win over the same opponents.That triumph was followed by another narrow victory, 1‑0 against neighbouring Samoa, securing a place in the final OFC qualifying round and completing the team’s evolution “from underdog to dark horse,” as Mana’o puts it.Looking ahead, American Samoa will meet Papua New Guinea in Auckland – the venue of their inaugural women’s international match 28 years ago. The squad now benefits from the guidance of Amanda Cromwell, the 1996 U.S. Olympic gold‑medal‑winning coach, who has overseen four wins in five games. Mana’o credits Cromwell with professionalising the program, from nutrition plans to dedicated training staff, and says the new standards will become the norm.Mana’o herself broke ground as the first “off‑island” player in 2011 at age 15, enduring an 8‑0 debut loss. Today she celebrates a new generation of teenagers, such as Mia Toeaina and Naiyah Ve’e, who are experiencing a vastly different, more positive football environment.
#American Samoa Football Federation #FIFA Women's World Cup #OFC
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Sport Apr 09, 2026

Northampton's JJ van der Mescht: The 6ft 7in Lock with a Fly-Half's Flair

JJ van der Mescht, the 6ft 7in lock for Northampton Saints, is set to make a significant impact in …
Northampton Saints' JJ van der Mescht is a force to be reckoned with on the rugby field. Standing at an impressive 6ft 7in and weighing 23st, he is the joint-heaviest player in the Premiership. His size and strength make him a major collision threat, and his skills have earned him a spot in South Africa's alignment squad.Van der Mescht, 26, has a unique playing style that has drawn comparisons to Australia's Will Skelton. He is too heavy to be lifted regularly in the lineout, but his ability to give his team vital post-contact metres makes him a valuable asset. His director of rugby, Phil Dowson, describes him as 'a fly-half trapped in a second-row's body.'The South African lock has a personal connection with Bath prop Thomas du Toit, with whom he played as a youngster at the Sharks in Durban. He is eager to bump into his old friend during the match, and he expects a fierce encounter. Van der Mescht has dropped seven kilos since joining Northampton and currently weighs 146kg. He credits the club with rekindling his love for rugby, saying that he now enjoys the game again and feels happy.Van der Mescht's impressive performance has put him back on the South African radar, and he may be considered for the Springboks in the future. For now, he is focused on helping Northampton overcome Bath in the Champions Cup quarter-final. The match could be a prelude to another battle between England's top two sides in the Premiership final.
#van #der #mescht
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World Apr 09, 2026

China Emerges as Key Player in Iran-US Ceasefire Talks

China is being credited with playing a pivotal role in brokering a ceasefire between Iran and the U…
The ceasefire deal between Iran and the US has been hailed as a significant achievement for China, which has been actively working to promote de-escalation and an end to hostilities in the region. Beijing's powerbrokers are being credited with pushing Iran towards agreeing to the ceasefire, bolstering its status as a regional mediator.In China's tightly censored domestic media, articles basking in the glory of China being the grown-up in the room at a time of international crisis were allowed to circulate. China's role in the negotiations was confirmed by US President Donald Trump, who told the Agence France-Presse news agency that he believed China had got Iran to agree to a ceasefire.However, some analysts are sceptical about how influential China could actually have been in the late-night discussions. The deal is advantageous to Iran, and encouraging the regime to agree to it would have been like 'pushing an open door', according to one analyst. Nicholas Lyall, a senior researcher at Trends, a research and advisory firm in Abu Dhabi, said: 'In terms of whether China had to do much pushing of Iran for it to agree to the temporary ceasefire, and whether Iran was swayed by this reported Chinese effort, it's essential to clarify what Iran has actually agreed to.'Officially, China has not confirmed or denied reports that it played an active role in the Islamabad negotiations. At a press conference on Wednesday, the foreign ministry spokesperson Mao Ning said only that China 'had been actively working to promote de-escalation and an end to all hostilities'. China's economic interests are also at stake, as the risk of a global recession and soaring fossil fuel prices poses a threat to the Chinese economy, which is heavily dependent on exports.Analysts are even more sceptical of the idea that China might act as the guarantor of any ceasefire agreement in the Middle East. Song Bo, a fellow at the Center for International Security and Strategy at Tsinghua University, said: 'China doesn't have a direct stake with any of the parties in the Middle East. Acting as a guarantor for a ceasefire would be an extremely high-cost diplomatic undertaking, and I don't think China would commit to that easily.'
#china #iran #ceasefire
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World Economy Apr 09, 2026

UK Launches ‘Right to Try’ Scheme to Protect Disabled Workers from Benefit Loss, Yet Advocates Demand Broader Support

The British government is set to enact a “right to try” law that stops automatic benefit reassessme…
The UK government announced legislation that will protect disabled claimants from an automatic reassessment of benefits when they begin paid employment or volunteering. The measure, dubbed the “right to try”, is slated to take effect at the end of April and aims to remove the fear of losing financial support that many say discourages job‑seeking. Minister for Social Security and Disability Sir Stephen Timms framed the policy as a reassurance for people “stranded in the benefits system”. He emphasized that the change also extends to volunteering, which he described as a vital stepping‑stone toward sustainable employment. The new rules will apply to recipients of Employment and Support Allowance (ESA), Personal Independence Payment (PIP) and the health element of Universal Credit. Under the current system, taking up work can trigger a reassessment that often leads to reduced or withdrawn support, a risk that has deterred many disabled individuals from seeking employment. Disability advocates welcomed the development but cautioned that it does not tackle the deeper obstacles faced by disabled job‑seekers. James Taylor, a director at the charity Scope, called the policy “a step in the right direction” but warned that “the odds are stacked against disabled people when it comes to finding suitable work”. He urged the government to fund personalised employment support and to halt further benefit cuts. Research from the flexible‑working nonprofit Timewise underscores the challenge: only 2.5% of long‑term sick or disabled individuals who are economically inactive manage to return to work each year, and more than half of those jobs last fewer than four months. Mikey Erhardt of Disability Rights UK highlighted that a secure “right to try” is essential to ensure that anyone who tries work can retain the same level of support if the venture fails. Critics also noted that the announcement coincides with a controversial reduction to the health element of Universal Credit, which will be halved for new claimants and frozen unless stricter eligibility criteria are met. Timms acknowledged the pressure this creates, saying the previous system forced people to prove they were “too unwell to work”. Campaigners fear the simultaneous cuts will exacerbate financial strain for disabled claimants already navigating an uncertain labour market. Erhardt warned that “hundreds of thousands of disabled people will experience yet another cut in living standards”, arguing that successive governments have treated social security more as a coercive tool than a safety net.
#people #work #disabled
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Gallery Apr 08, 2026

Iran and United States Agree to Two‑Week Ceasefire, Setting Stage for Pakistan‑Hosted Talks

Tehran celebrated a newly brokered two‑week ceasefire with the United States, paving the way for pe…
Celebrations erupted in Tehran after officials announced a two‑week ceasefire with the United States, creating a window for diplomatic talks aimed at de‑escalating the regional conflict.Iran consented to suspend hostilities, with negotiations slated to begin on Friday in Pakistan. President Donald Trump pledged to halt military operations provided Tehran fully reopens the Strait of Hormuz, a vital maritime corridor. Iran’s foreign minister added that safe passage through the strait will be coordinated with Iranian armed forces throughout the truce.The breakthrough followed a direct appeal by Pakistan’s Prime Minister Shehbaz Sharif, who urged Trump to extend his negotiation deadline and called on Iran to restore strait access.Iranian officials framed the ceasefire as a “victory”, asserting that their preconditions for talks were accepted and that Trump’s acknowledgment of progress on key disputes validates Tehran’s stance. They emphasized that national unity, patience, and military resilience were decisive factors.In their assessment, the earlier U.S.–Israeli strategy of targeting Iranian leadership failed, while the ensuing conflict demonstrated Iran’s capacity to sustain prolonged military operations.Trump, speaking to AFP, described the agreement as a “total and complete victory”, insisting that Iran’s uranium stockpiles would be “perfectly taken care of” under the deal and crediting China for facilitating the negotiations.Despite the truce, Democratic lawmakers announced they will continue impeachment efforts against Trump, condemning his rhetoric toward Iran as “genocidal” and “unhinged.”
#iran #trump #pakistan
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