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Business May 17, 2026

Swatch Closes Stores as Royal Pop Watch Launch Sparks Crowd Chaos

Swatch shut stores in several European cities and New York after massive crowds gathered for the li…
Swatch Stores Shut Amid Crowd Turmoil Over Royal Pop LaunchSwatch was forced to close multiple stores across Europe and the United States after queues of hundreds turned chaotic during the launch of its limited‑edition Royal Pop timepieces, a collaboration with luxury watchmaker Audemars Piguet. Police in the Paris region deployed teargas to disperse a 300‑person crowd, while fights broke out in Milan and stores in Amsterdam, Utrecht, London and six other UK cities remained shut for safety.Mass Queues and Police Intervention Across Europe and New YorkHundreds camped overnight in France, the Netherlands, Italy and the UK.Police used teargas in the Paris region after a metal shutter and two security gates were damaged.In Milan, a fight erupted at opening time; in New York’s Times Square the crowd was described as a "mosh pit".Swatch stores in Amsterdam, Utrecht, London and six other UK cities stayed closed pending security reviews.Resale Prices Skyrocket as Retailers Struggle to Meet DemandRetail price of a Royal Pop watch: $400 (≈£300).One buyer resold a watch for $4,000, a ten‑fold markup.Another purchaser paid $2,400, roughly $2,000 over retail, citing the difficulty of acquiring an Audemars Piguet piece.Retail Security and Brand Reputation Under ScrutinyThe incidents highlight the challenges luxury‑fashion collaborations face when demand outstrips supply. Swatch’s underestimation of security needs led to property damage and police involvement, while the chaotic scenes risk tarnishing both Swatch’s and Audemars Piguet’s brand images.Future Limited‑Edition Drops May Require Tightened ControlsAnalysts expect brands to adopt stricter crowd‑management protocols, pre‑sale reservations and limited‑quantity online allocations for upcoming collaborations. Without such measures, future launches could repeat the safety concerns and market distortions seen with the Royal Pop release.
#Swatch #Audemars Piguet #Paris
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Business May 17, 2026

Canvas Ransom Dilemma: What Instructure’s Deal Reveals About Paying Cyber Extortionists

Instructure confirmed an agreement with the ransomware group ShinyHunters after a week‑long Canvas …
After a week‑long outage that crippled Canvas for millions of students worldwide, Instructure announced it had reached an agreement with the ransomware group ShinyHunters. While the company stopped short of confirming a payment, the deal raises fresh questions about the wisdom of paying extortionists to protect sensitive educational data. Instructure’s Agreement with ShinyHunters: What Actually Happened The attack began when the group exploited a vulnerability in Instructure’s “Free for Teacher” software, allowing them to deface login pages at institutions such as the University of Texas San Antonio. ShinyHunters threatened to leak 3.6 TB of data – student IDs, emails, names and messages from 9,000 schools and roughly 275 million students and staff – unless a ransom was paid. Instructure later said the stolen data had been “returned” and that it received “digital confirmation of data destruction” via shred logs, but it did not explicitly confirm a payment. Financial Stakes: Ransom Demands, Potential Payments, and Industry Benchmarks ShinyHunters initially demanded $10 million in ransom. Australian ransomware surveys show the average payment fell to $711,000 in 2025, down from $1.35 million the year before. According to a McGrathNicol report, 64 % of surveyed Australian firms had paid a ransom, and 81 % said they would be willing to do so. As of January 2026, 75 Australian businesses with turnovers of at least $3 million had paid ransoms, though the total amount remains undisclosed. Cyber‑security experts estimate that Instructure’s payout – if any – could be anywhere up to the $10 million demand, potentially reduced through negotiation. Policy and Business Implications: Why Paying Ransom Remains Controversial Governments in the UK, US and Australia advise against paying ransoms, arguing that non‑payment reduces the attractiveness of ransomware as a crime vector. In Australia, paying a designated attacker could breach the autonomous cyber‑sanctions law, exposing firms to prosecution on a case‑by‑case basis. Critics also note that payment does not guarantee data will not be leaked; attackers may still copy or sell the information after receiving money. Experts such as Darren Hopkins (McGrathNicol) and Luke Irwin (Aegis Cybersecurity) stress the “trust factor” – criminals must appear honest to receive payment, yet they remain untrustworthy. This paradox fuels boardroom debates about risk‑driven decision‑making versus investing in prevention and incident response capabilities. Looking Ahead: How Companies May Navigate Future Extortion Threats The Canvas case underscores the need for stronger cyber‑resilience strategies: regular vulnerability patching, robust backup architectures, and clear ransomware response playbooks. Insurers are tightening coverage terms, often requiring demonstrable mitigation measures before honoring ransom claims. Policymakers may also tighten reporting obligations and consider clearer prohibitions on ransom payments, especially for critical‑infrastructure providers like education platforms. Ultimately, firms will have to balance the immediate pressure to restore services against the long‑term cost of incentivising criminal enterprises. As ransomware groups refine their extortion tactics, the industry’s collective stance on paying – or refusing – will shape the next wave of cyber‑crime economics.
#Instructure #Canvas #ShinyHunters
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Lifestyle May 17, 2026

Modest Fashion's Global Turn

The modest fashion industry is gaining global traction, with Paris Modest Fashion Week showcasing d…
The Rise of Modest Fashion At Paris Modest Fashion Week last month, influencers, buyers and journalists crowded into the historic halls of Hotel La Marois as models prepared to emerge onto the runway in embellished satin tailoring, corseted silhouettes and full-coverage eveningwear. Breaking Cultural Barriers The country’s fraught relationship with visible expressions of Muslim identity makes it a meaningful, if not ironic, destination for the latest instalment of Modest Fashion Week, which is organised by Think Fashion and has previously held events in cities like Jakarta, Istanbul, Abu Dhabi and Amsterdam. The Data Analysis Over the past decade, modesty has been reshaping retail, influencing fashion houses far beyond the Gulf. Muslim spending on fashion is forecasted to reach $433bn by 2028, according to DinarStandard’s State of the Global Islamic Economy report, as luxury brands, department stores and trend forecasters increasingly recognise modest fashion as one of the industry’s fastest-growing consumer markets. The Impact Analysis Modest fashion’s mainstream makeover must also credit Muslim influencers and designers on social media, who built highly engaged global audiences long before luxury fashion fully understood their commercial value. By the late 2010s, brands were flying hijabi influencers like British-Egyptian Dina Torkia, Kuwaiti Ascia al-Faraj and Palestinian-Puerto Rican Maria Alia, to fashion weeks in New York, London and Milan, dressing them in curated looks and positioning them within the front rows of luxury culture. The Prediction As modesty increasingly expands from a retail niche to a much larger sector with international demand, new opportunities have emerged — from hijabi models and content creators to behind-the-scenes jobs in marketing, design and development. A decade ago, the industry barely existed in institutional terms, reflects Rabia Zargarpur, who has evolved from a clothing designer to a consultant, mentoring entrepreneurs and helping build fashion ecosystems.
#Modest Fashion #Paris Modest Fashion Week #Think Fashion
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Politics May 17, 2026

Bolivian Army Deploys to Clear Roads After 11 Days of Protests

The Bolivian army has been deployed to clear roads after 11 days of protests. The move aims to rest…
The Bolivian Army's Deployment The Bolivian army has been deployed to clear roads that have been blocked for 11 days due to ongoing protests. This move is part of the government's efforts to restore order and ensure the free flow of goods and services. Background of the Protests The protests, which began 11 days ago, have caused significant disruptions across the country. The demonstrators have been calling for various demands, although specific details about their grievances have not been provided. Government Response The deployment of the army to clear the roads is a significant government response to the crisis. It indicates an effort to assert control and maintain public order. Impact on Daily Life The prolonged protests and subsequent roadblocks have likely had a substantial impact on daily life, affecting the availability of essential goods and services. Future Outlook The effectiveness of the army's deployment in clearing the roads and restoring order remains to be seen. The situation is likely to continue evolving as the government and protesters interact.
#Bolivia #Bolivian Army #Protests
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Sports May 16, 2026

Xabi Alonso Nears Four‑Year Deal to Become Chelsea Head Coach

Chelsea have reached a four‑year agreement in principle with former Spain midfielder Xabi Alonso, p…
Chelsea FC are set to appoint former Spain midfielder Xabi Alonso as head coach, having reached a four‑year agreement in principle that could be announced ahead of their Premier League clash with Tottenham.Alonso's Agreement in Principle with ChelseaNegotiations accelerated this week; formal announcement expected before the Tuesday Tottenham match.Alonso has been unemployed since leaving Real Madrid earlier this season.Chelsea’s shortlist also featured Filipe Luís, Andoni Iraola, Oliver Glasner and Marco Silva.Contract Terms and Financial ImplicationsDeal spans four years; salary details remain undisclosed.Alonso will likely receive significant input on player recruitment, joining a structure overseen by five sporting directors.Chelsea aim to supplement their youth‑focused model with at least two experienced signings this summer.Strategic Impact on Chelsea's Rebuilding PlansAppointment follows a turbulent season that ended with a 1‑0 FA Cup final loss to Manchester City and a missed Champions League qualification.Alonso’s success at Bayer Leverkusen (2024 Bundesliga title) positions him as a top‑level candidate to restore stability.His arrival may free up Andoni Iraola to pursue the vacant Crystal Palace job.Future Outlook for Chelsea and the Premier LeagueWith interim manager Calum McFarlane at the helm, Chelsea are expected to miss European competition this season.Alonso’s expressed desire to work in England and reported player support suggest a smoother transition.Success could re‑establish Chelsea as a Premier League contender and influence managerial market dynamics.
#Xabi Alonso #Chelsea FC #Premier League
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Sports May 16, 2026

Manchester City Triumph in FA Cup Final as Semenyo's Magical Moment Seals Victory

Manchester City secured the FA Cup title with a 1-0 victory over Chelsea, thanks to Antoine Semenyo…
The Lead: City's Cup Triumph at WembleyManchester City secured their place in football history with a 1-0 victory over Chelsea in the FA Cup final, a win that may mark Pep Guardiola's final appearance as the club's manager. The match was defined by Antoine Semenyo's moment of brilliance in the 72nd minute, a goal that silenced Chelsea supporters and cemented City's dominance in domestic competitions.The Event Details: Semenyo's Magical MomentThe final had been a tense, tactical affair with both teams struggling to create clear opportunities. Chelsea, under interim coach Calum McFarlane, had begun to gain the upper hand as the match approached the final 20 minutes. However, the game's decisive moment arrived in the 72nd minute when Semenyo, receiving the ball from Erling Haaland, executed a breathtaking flick with his trailing leg that sent the ball perfectly into the far corner of the net. The vision and technique displayed by Semenyo left Chelsea defender Levi Colwill helpless and provided the breakthrough that City needed.The Data Analysis: Historical Context and StatisticsThis victory marked Guardiola's 17th major trophy in his 10-year tenure at Manchester City, adding to the Carabao Cup secured in March. For Chelsea, this defeat extends their unfortunate streak of seven consecutive domestic cup final losses, a concerning statistic that underscores the need for significant changes at the club. The match itself was characterized by City's dominance of possession, though both teams struggled to create clear chances until Semenyo's intervention.The Impact Analysis: Diverging TrajectoriesThe victory reinforces Manchester City's position as England's dominant force, even as speculation continues about Guardiola's future. For Chelsea, the defeat represents another setback in what has been a tumultuous season, heightening pressure on the club to secure a new manager with the vision to end their cup final hoodoo. The contrast between the two clubs' trajectories could not be starker: City celebrating another trophy under their experienced manager, while Chelsea desperately seeks a new direction.The Prediction: Future Outlook for Both ClubsWith this FA Cup triumph, Manchester City has secured a potential treble if they can overcome Real Madrid in the Champions League final. Guardiola's future remains uncertain, but this victory provides a fitting potential farewell if he does decide to leave. For Chelsea, the focus now shifts to securing the services of their preferred managerial candidate, Xabi Alonso, with the hope that he can bring an end to their cup final woes and restore the club's competitive edge in domestic competitions.
#Manchester City #Chelsea #FA Cup
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World Wide May 16, 2026

Mick Jagger and Eric Clapton Win Battle Against 29-Storey Thames Tower

Celebrities including Mick Jagger and Eric Clapton have successfully fought against plans to build …
The Battle Against the Thames Tower Celebrities including Rolling Stones frontman Mick Jagger have defeated plans to build a 29-storey tower on the banks of the River Thames. Jagger, along with fellow rockstar Eric Clapton, actor Felicity Kendal and comic Harry Hill, fought the developer Rockwell Property for two years over its plan to erect a 100-metre tower next to Battersea Bridge. The Proposed Development Rockwell Property initially proposed building a 34-storey tower with 142 flats, which was later reduced to 110 flats, including 54 affordable homes, along with underground parking and a mix of commercial spaces. Proposed tower height: 100 metres Number of flats: 110 Affordable homes: 54 The Reasons for Rejection Wandsworth council rejected the plans, citing the project’s “excessive height and scale,” adding that it “would represent an unacceptable and incongruous transformative change within the location that would significantly harm the spatial character of the same location”. The Greater London Authority backed the council’s decision. The Impact on the Local Area A planning inspector ruled that the tower would have an “adverse effects on the character and appearance of the local area” and “be overbearing”. The inspector added: “The proposal would cause harm to townscape character in several identified views from different directions and differing distances. The Future Outlook Rockwell Property expressed disappointment with the decision, stating that they “firmly believe in this regeneration project” and had made changes to the scheme following feedback from the public.
#Mick Jagger #Eric Clapton #Thames River
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Sports May 16, 2026

The End of an Era: Robert Lewandowski's Legacy at Barcelona

Veteran striker Robert Lewandowski is departing Barcelona after four seasons, having scored 119 goa…
The Veteran Striker's Farewell Barcelona has confirmed the departure of veteran striker Robert Lewandowski at the end of his contract this summer. The 37-year-old Polish forward has decided to move on after a four-year tenure that has been instrumental in the club's resurgence. A Four-Year Mission Accomplished Lewandowski leaves the club having officially completed his mission. During his time at Camp Nou, he made 191 appearances and scored 119 goals across all competitions. His contributions were pivotal in securing three La Liga titles, including the recent 2026 championship, as well as the Copa del Rey in 2025. Goal-Scoring Efficiency and Legacy With 119 goals in 191 games, Lewandowski maintained a high conversion rate of approximately 62%. This statistical dominance highlights his consistency as a goal-scoring machine, providing the offensive output required to stabilize a team that was initially struggling financially and on the pitch. Restoring Barcelona's Dominance The timing of Lewandowski's arrival was crucial. He joined when Barcelona was at a low ebb, and his leadership helped restore the club to the "Spanish throne." His departure marks the end of an era where the club reclaimed its status as a dominant force in European football. Where Does the Polish Legend Go Next? As Lewandowski plays his final match against Real Betis on Sunday, speculation is rife regarding his next destination. Media reports indicate he has received offers from Saudi Arabia, Italy, and the United States, signaling that his career is far from over despite his age.
#Robert Lewandowski #Barcelona #La Liga
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World Wide May 16, 2026

Trump in Beijing: The US-China Waiting Game and Global Implications

Donald Trump's visit to Beijing focused on stabilizing US-China relations rather than achieving sub…
The Trump-Xi Summit: Style Over SubstanceAmerican strength back on the world stage," crowed the White House social media post: a curious remark, when the attached video showed the stars and stripes fluttering beneath a long row of Chinese flags, and People's Liberation Army soldiers marching in unison.This week's visit to Beijing offered the kind of style that Donald Trump enjoys – parading troops, a banquet and a polite if not markedly enthusiastic welcome from a strongman he called "really a friend" – but little apparent substance. The public account of the encounter will be partial: Mr Trump's former adviser John Bolton has claimed that in previous conversations the US president begged Xi Jinping for help to win re-election and urged him to "go ahead" with internment camps for Uyghurs in Xinjiang. But this meeting appears to have been about stabilising the relationship, not shifting it.The Trade War Stalemate and Rare Earths LeverageChaotic US planning for a trip deferred due to the Iran war may have contributed to the lack of tangible outcomes. But the overall impression is of a wary stalemate. Just over a year ago, the US imposed 145% tariffs on China. Beijing hit back with its own tariffs and, critically, curbs on desperately needed rare earths exports, forcing Mr Trump to retreat. The US national security strategy announced a new focus on the western hemisphere. Military assets have been moved from Asia to the Middle East. US hawks have been muted, with China policy appearing to be directed primarily via the trade secretary, Scott Bessent.US Strategy: Biding Time While Reassessing Global PositionThe US hopes to establish alternative sources of rare earths. Deng Xiaoping urged China to "hide its light and bide its time" in foreign policy; now US officials joke of adopting his strategy. But others think that the US needs to move fast to tighten controls on exports of advanced technologies, and make serious progress in "de-risking" supply chains. They fear Mr Trump, who likes quick wins, is trading long-term national security for short-term economic gain.China's Pursuit of Technological and Economic SupremacyFor China, its economic, technological and security progress are inextricably linked. It wants time to surpass the US on all scores. Last month Beijing ordered Meta to unwind its purchase of Manus, a Chinese-founded AI firm. It also introduced new measures to punish companies compliant in sanctions against Chinese firms.Mr Xi called the Beijing meeting a "milestone". That's better understood as a marker on a long journey than a major achievement. China believes it is on the path to restored greatness, while Chen Yixin, minister for state security, wrote scathingly in December that US hegemony is "increasingly unsustainable … At home, its democracy is mutating, its economy decaying, and its society fracturing … abroad, its credibility is rapidly going bankrupt, its hegemony is crumbling, and its myth is collapsing."Global Implications: Allies and the Waiting GameUS allies are engaging more with China. But Washington's slide has complications too for Beijing. The China scholar Sam Chetwin George this week delineated its contemplation of a greater security role, arguing: "A country built on an anti-imperial story has arrived at the point in which it must, with some reluctance, assume a greater share of the burdens of empire." Its handling of the Iran war is instructive: it would like it to be over, but has no eagerness to act as mediator, wary of expending its own assets or leverage.The two great powers are playing the waiting game. The rest of the world watches.
#Trump #Xi Jinping #US-China Relations
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