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The EU Sanctions and Settler Leaders’ Defiant ResponseWhen the European Union announced a new tranche of sanctions targeting Israeli settler organisations and their leaders, the reaction was unexpectedly celebratory. Regavim, co‑founded by Finance Minister Bezalel Smotrich, and activist Daniella Weiss of the Nachala movement both dismissed the penalties as a “badge of honour” and “ridiculous”. Their statements signal a broader refusal to be swayed by diplomatic pressure.Sanctioned Entities and the Scope of EU MeasuresThe EU’s package targeted:Regavim – a settler‑rights NGO linked to Bezalel SmotrichNachala – led by Daniella Weiss, known for border‑area conferences on settlement expansionAmana – a cooperative that finances West Bank settlementsMeir Deutsch – director of RegavimIn total, four entities and three individuals were listed. The sanctions complement earlier actions by the United Kingdom, Canada and other allies that targeted Smotrich for alleged support of violence in the West Bank.Casualties and Displacement Figures Since October 2023Human‑rights monitors have documented a sharp rise in settler‑related violence after the October 2023 Hamas attack. Reported figures include:1,168 Palestinians killed in the occupied West Bank12,666 injured33,000 displacedNearly 23,000 Palestinians detained, many without chargeThese statistics illustrate the human cost accompanying the settlement push.Implications for the Israeli‑Palestinian Conflict and International PressureAnalysts argue that the EU’s “toothless” sanctions may inadvertently grant domestic prestige to hard‑line settlers. The lack of tangible repercussions—settlers rarely travel to Europe and thus feel little personal impact—means the measures are unlikely to curb expansion or hold perpetrators accountable. The article notes a “closed loop” of entitlement, where settler ideology, state support, and military backing reinforce each other, sustaining a climate of impunity.Outlook: Prospects for Settlement Expansion and Diplomatic LeverageGiven the settlers’ defiant stance and the Israeli government’s ongoing endorsement—exemplified by plans for the E1 corridor linking East Jerusalem to Maale Adumim—future settlement growth appears probable. Without stronger, enforceable international actions, the EU sanctions risk remaining symbolic. Observers warn that continued violence and displacement will likely persist, further complicating any diplomatic pathway toward a two‑state solution.

The Lead: Aviation Leaders Converge in Rio Amid Fuel CrisisDespite concerns about soaring jet fuel prices and geopolitical tensions affecting supply chains, aviation industry leaders have gathered in Rio de Janeiro for the annual International Air Transport Association (Iata) AGM. The summit, which was abandoned during the Covid years and held online since, marks a return to in-person gatherings as the industry continues to navigate unprecedented challenges.The Fuel Crisis: Rising Costs and Supply Chain ChallengesJet fuel prices have surged dramatically, climbing from just over $80 a barrel at the last summit in Delhi to over $140 a barrel currently. Despite the conflict between the US, Israel, and Iran affecting oil supplies through the Strait of Hormuz, airlines have largely maintained operations. European carriers, initially seen as most vulnerable, have continued flying full schedules ahead of the lucrative peak season, with new fuel sources found in the US and West Africa to address supply concerns.The Financial Impact: Billions in Additional Costs and Market TurmoilAccording to aviation analysts Cirium, jet fuel constituted over a quarter of global airlines' costs in 2025. Every dollar increase per barrel adds approximately $3 billion to the annual fuel bill. In response, about 6% of available seats have been removed from airline schedules worldwide over the past month. Many major carriers have hedged their fuel supplies to mitigate price shocks, though some like easyJet have suspended hedging due to extreme volatility. The financial pressures have already resulted in easyJet becoming a takeover target for US private equity firm Castlelake.The Industry Transformation: Geopolitical Shifts and Market ConsolidationThe US-Israel-Iran conflict has particularly impacted Gulf carriers whose geographic position and rapid growth had reshaped global travel patterns. Emirates, one of the industry's most influential players, will be an unusually quiet presence at the Rio summit with its chief executive absent. Meanwhile, environmental concerns about aviation's carbon footprint have taken a backseat to immediate financial pressures, though fuel efficiency remains a priority as it directly impacts costs. The industry is also facing potential consolidation, with easyJet's tumbling share price attracting takeover interest and other carriers potentially vulnerable to acquisition or bankruptcy.The Future Outlook: Navigating Uncertainty and Leadership TransitionAs the industry faces prolonged uncertainty, Iata's director general Willie Walsh has announced his departure after leading the organization since 2020, with plans to take over as CEO of India's Indigo airline. Walsh had previously championed sustainable aviation fuels (SAF) as the industry's only viable solution but has since criticized governments for imposing mandates while production has faltered. The summit in Rio will likely focus on immediate survival strategies rather than long-term environmental goals, with airlines demonstrating resilience despite the challenges. The question remains how long this resilience can continue as fuel prices remain elevated and geopolitical tensions persist.

The Bridge Between Art and ScienceWhy do we find things beautiful? More precisely, why do some paintings of coloured dots in rippling patterns inspire in me something like revelation? The idea that beauty is the feeling you get when encountering truth is unfashionable in the arts, but lingers in the sciences. The physicist Paul Dirac once proposed that it is more important that a formula is beautiful than that it can be proven: when a perfectly beautiful theory produces results that cannot be real, he argued, then we should not discard the theory but reconsider what is real.Since the 1970s, Terry Winters has been rebuilding that bridge between art and science. Taking inspiration from disciplines including botany – his early paintings, particularly, evoke sprouting pods and tangled roots – engineering, computer modelling and cybernetics, his paintings might be understood as diagrammatic approximations of the patterns that govern everything from the division of cells to the constellation of stars. If every era has to renew its standards of beauty to reflect new understandings of how the world is constructed, then Winters comes as close to providing that model as any living painter.Mathematical Patterns in Visual ArtThese eight new works take their titles from the language of geometry and mathematics: Area, Array, Field, Locus, Point, Scope, Sequence and Set. Each is composed of overlapping patterns that pull each other out of shape according to invisible laws of attraction and repulsion. Field is indicative: on a sooty pink ground, a dense grid of dusty blue cells bends inwards like a trampoline beneath a bowling ball, while an intersecting arrangement of larger circles swells outwards. The disorienting effect of this push-pull is exaggerated by an optical illusion, created by ragged phosphorescent orange haloes around the blue circles, that makes them appear to be craters sunk into the crust of paint. You have to walk up to the surface to be reassured that it is flat.Point shows a teeming landscape of cells bulging outwards at the centre, as if a scum of frogspawn had been skimmed off a pond and placed under a paperweight microscope. In Sequence, a storm of pink interference skims through a yellow circle split like a brain into hemispheres, while a nebulous weather system sweeps in from the right. In Scope, vaguely symbolic arrangements of freshwater blue and desert orange nodules move across the familiar circle-within-a-square geometry of Leonardo's Vitruvian Man. Where that famous demonstration of sacred geometries exudes stillness and calm, the systems that run through Winters' worlds are wild and strange. Here, as much importance is given to the subjective factors of perception and consciousness as the objective principles of logic and proportion.Optical Illusions and Sensory ExperienceAll of this should not distract from the pure sensory pleasure afforded by these pictures. In Locus, another optical illusion seems to lift the red edge of the painting off the canvas like a clumsy wooden frame, squeezing the pockmarked sphere at its centre so that it balloons outwards, threatening to burst. The same cadmium red, so sandy that the pigment seems barely to have been suspended in oil, turns carmine pockets into rock formations that climb off the surface of Set. These sleights of hand evoke the more secular movement of op art, in which patterns are manipulated to exploit the idiosyncrasies of human perception rather than to uncover deeper truths. Which begs the question: is this all just a conjuring trick?Rediscovering the Renaissance ApproachThere is something magical about these works. Even though Winters is generally credited with having extended the lineage of modernist American painting into the present, his practice is in this sense pre-modern. In its rejection of the idea that art should be separated from science, it resembles the Renaissance attitude according to which painting is no less a tool for understanding the world than mathematics, and magic is just the name for things we don't yet understand. His commitment to synthesising diverse spheres of knowledge, his alchemist's commitment to materials, and his sheer technical ability certainly mark him out in a scene recently overwhelmed by chancers and charlatans, bandwagoners and snake-oil salesmen. That his work is enjoying a revival might be taken as an encouraging sign.Beauty as a Path to TruthDirac, incidentally, was proved right. He formulated a theory that was so beautiful it couldn't possibly be wrong, even though it implied the existence of phenomena that everyone agreed must be impossible. He stood by it, and a few years later, someone else discovered anti-matter. Winters' paintings likewise offer a flash of those secret patterns that underpin the physical world, and which science has yet to illuminate. Which is to say, they're beautiful.Exhibition DetailsTerry Winters: Along the River is at Modern Art, London, until 11 July

Lead: Customers Stuck Between Closed Branches and Unreliable Apps When the Lloyds branch in Staines shut its doors, long‑time customer Patricia Payne—who travels four miles from Chertsey for cash withdrawals—found herself with "one option" left for in‑person banking. The closure coincided with an IT outage that left thousands of Lloyds customers unable to make payments, highlighting the fragility of relying solely on digital channels. Lloyds Shuts Staines Branch Amid Ongoing IT Outage The Staines branch, one of two Lloyds closures in Surrey that week (the other in West Byfleet), was part of a plan to shutter almost 150 outlets by March 2027. The branch’s poster urged customers to use the mobile app, yet many, like the 78‑year‑old Payne, struggle with online banking and depend on physical counters for withdrawals and transaction help. Scale of UK Bank Branch Closures: 6,795 Since 2015 Since January 2015, a total of 6,795 bank branches have closed across the UK, representing 69% of the branches that were open at the start of 2015. Overall, around 7,000 branches have disappeared since 2015, with a peak in closures in 2017. Lloyds and Santander have announced fresh rounds of closures this year. Consequences for Rural Communities and Small Businesses Residents of Surrey’s high streets describe the area as a "banking desert". Without nearby branches, pensioners and tradespeople must queue at post offices or rely on cash machines in supermarkets. Small‑business owners like fruit‑and‑veg stallholder Radhe Mali warn that the loss of local banks hampers cash‑based operations, while customers such as Lynne Bulmer express anxiety over the shift to online banking. Future Outlook: Government Review and Potential Policy Response In response to mounting public concern—a YouGov poll found 76% of Britons consider local branch access important—the government launched an independent review to assess the real‑world impact of branch closures and identify who is most affected. The review may lead to regulatory measures aimed at preserving face‑to‑face banking services, especially in underserved areas.

Knicks Secure 2-0 NBA Finals Lead with Last-Second Free ThrowJalen Brunson drilled the go‑ahead free throw in the final seconds, giving the New York Knicks a 105‑104 victory over the San Antonio Spurs and a commanding 2‑0 series edge.Stat Line Highlights: Points, Rebounds, and TurnoversJalen Brunson: 30 points, 5 assistsKarl‑Anthony Towns: 21 points, 13 reboundsVictor Wembanyama: 29 points, 9 rebounds, 4 blocks, crucial late turnoverDe’Aaron Fox: 20 points for the SpursFinal score: Knicks 105, Spurs 104What the 2‑0 Lead Means for the Knicks' Title QuestThe win marks the Knicks’ 13th straight playoff victory, the second‑longest streak in postseason history, and puts them in a position similar to the 1993 Chicago Bulls and 1995 Houston Rockets, who both won the first two games on the road and captured the championship.President Donald Trump is slated to attend Game 3, adding political spotlight to the historic moment.Looking Ahead: Game 3 at Madison Square GardenGame 3 shifts to New York, where the Knicks will aim to close out the series before the Spurs can regroup. If the Knicks win the next two at home, they could clinch their first title since 1973.Analysts expect the Spurs to adjust their defensive schemes on Wembanyama, while the Knicks will rely on Towns’ interior presence and Brunson’s clutch shooting.

The Knicks' Historic Climb to the SummitThe New York Knicks have moved within two victories of ending a 52-year championship drought, securing a commanding 2-0 lead in the NBA Finals with a 105-104 thriller against the San Antonio Spurs. This victory not only solidifies New York's status as the series favorites but also marks a significant psychological shift for a franchise that has endured decades of postseason heartbreak. The Knicks are now the first team since the 1995 Houston Rockets to win the first two games of the Finals on the road, setting a high bar for the Spurs to overcome.Game 2: A Thriller Defined by Clutch MomentsThe contest was decided in the final seconds, with Jalen Brunson delivering the decisive blow. After a costly turnover by Spurs star Victor Wembanyama, Brunson sank the go-ahead free throw with 9.5 seconds remaining. Wembanyama, who finished with 29 points, had a clean look at the buzzer but saw his jumper rim out, preserving the Knicks' lead. This game mirrored Game 1, where Brunson once again provided the composure needed in the fourth quarter to secure the win.Game Winner: Jalen Brunson sank the go-ahead free throw with 9.5 seconds remaining.Buzzer Beater: Wembanyama missed a clean look from the elbow at the final buzzer.Series Status: Knicks lead 2-0, series shifts to Madison Square Garden.Statistical Breakdown: Towns vs. WembanyamaThe matchup featured a contrast in efficiency and impact. Karl-Anthony Towns led the Knicks with 25 points on a scorching 8-for-12 shooting, providing the necessary scoring punch in the clutch. In contrast, Brunson struggled from the field (7-for-25) but compensated with his playmaking and free-throw shooting. For the Spurs, Wembanyama bounced back from a poor Game 1 with 29 points on 11-for-21 shooting, but his late-game turnover highlighted the immense pressure he is facing as the face of the franchise.Series Shift: The Pressure Mounts in New YorkWith the series shifting to Madison Square Garden, the pressure is squarely on the San Antonio Spurs. Historically, no team has ever won the NBA Finals after dropping the first two games at home. The Spurs' defense will need to tighten significantly to prevent the Knicks from closing out the series on their home court. For New York, the 13-game postseason winning streak serves as a momentum booster, instilling a belief that this is their year to finally break the 1973 championship curse.Outlook: Can the Knicks Close It Out?The Knicks are in an historically advantageous position. Winning Game 3 at home would put them on the brink of the title. Their ability to maintain their defensive intensity and rely on Brunson's leadership in the final minutes will be the deciding factors in whether they can secure the Larry O'Brien Trophy.

Gaza’s fishermen have turned to an unlikely source—discarded doorframes—to build the small wooden boats they need to venture out onto the Mediterranean. The makeshift dinghies, assembled in cramped coastal workshops, are now the primary means for many families to earn a living amid a prolonged blockade and a scarcity of conventional boat‑building materials. Improvised Dinghies: Doorframes Turned into Lifelines for Gaza Fishermen Local carpenters and fishermen collaborate to strip wooden doorframes, reinforce them with metal brackets, and shape them into narrow, low‑draft vessels capable of navigating the shallow waters near Gaza’s shoreline. These boats are deliberately simple: a wooden hull, a single oar, and a small sail made from canvas or plastic sheeting. Numbers Behind the Makeshift Fleet According to the report, dozens of such dinghies have been launched since the start of the year. Each vessel typically carries a crew of one to two fishermen and can hold up to 200 kg of catch. Average daily earnings per boat are estimated at $15‑$25, far below pre‑blockade levels. Economic and Humanitarian Ripple Effects for Gaza's Coastal Communities The reliance on doorframe boats reflects a broader contraction of Gaza’s maritime economy. With traditional wooden boats becoming scarce and fuel supplies limited, many families face reduced income, heightened food insecurity, and increased dependence on humanitarian assistance. Moreover, the fragile vessels limit the distance fishermen can travel, curbing access to richer fishing grounds and further depressing catches. Future Prospects: From Dinghies to Sustainable Maritime Recovery Experts suggest that without a lift on the blockade and a coordinated reconstruction effort, the doorframe dinghy model will remain a stop‑gap solution. International NGOs are calling for the import of certified fishing equipment and the establishment of safe maritime zones to revive the sector. If such measures materialize, Gaza’s fishermen could transition from improvised craft to more durable, productive boats, restoring a vital source of food and income for the enclave.

The Knicks' Championship Pursuit The New York Knicks are on the cusp of erasing a 53-year championship drought, entering Game 2 of the NBA Finals with a commanding 1-0 series lead. With a 12-game playoff winning streak, the Knicks are not just playing for a trophy; they are playing to cement a legacy of dominance that has not been seen in New York since the early 1970s. Knicks' Defensive Masterclass in Game 1 The Knicks dismantled the San Antonio Spurs on their home court, securing a 105-95 victory. The defining narrative of the opener was the Knicks' suffocating defense against the league's most exciting player, Victor Wembanyama. Despite Wembanyama's high scoring total, the Knicks held him in check for long stretches, showcasing a defensive scheme capable of neutralizing generational talent. Brunson's Fourth Quarter Surge Jalen Brunson was the catalyst for the victory, finishing with 30 points. Crucially, 13 of those points came in the final quarter, showcasing his ability to perform under immense pressure. While the defense gets the bulk of the credit, Brunson's ability to bounce back from a slow start and deliver in the clutch was the difference-maker in Game 1. Neutralizing the Future Karl-Anthony Towns played a pivotal role in the victory, arguably outplaying Wembanyama on both ends of the floor. This matchup victory suggests the Knicks have the physicality and strategy to match the Spurs' young talent. The Knicks' ability to limit Wembanyama's impact while capitalizing on their own offensive rhythm has set a dangerous tone for the series. Can the Spurs Break the Streak? With the Knicks just three wins away from the title, the Spurs face a steep uphill battle. Game 2 will test if the Knicks' momentum can withstand the pressure of a potential championship clincher. The Spurs will need to find a way to disrupt the Knicks' defensive cohesion and force Brunson into more difficult shots if they hope to extend the series.

The War Economy: A Billionaire’s Perspective from the FrontlineUkraine is reeling from its heaviest aerial raid in months, with at least 25 people killed in the night sky. In the aftermath, Rinat Akhmetov, the country's wealthiest oligarch and owner of Shakhtar Donetsk, gives a rare interview from a location outside Kyiv. This conversation marks the 90th anniversary of the club and the 30th year of Akhmetov's leadership, offering a unique insight into how the war has reshaped his personal and professional life.From Coal Traders to Champions: The Akhmetov StrategyAkhmetov’s rise from a child in 1970s Donbas to the owner of one of eastern Europe’s most influential football clubs is a story of calculated risk and strategic foresight. His journey began not in football, but in the volatile economy of the 1990s.The Proximity of Danger: Akhmetov was five seconds away from death when his business partner and predecessor, Akhat Bragin, was killed in a stadium explosion in 1995. This tragedy left the club abandoned, with players earning as little as $200 or $300 a month.Industrial Expansion: Leveraging the collapse of the Soviet Union, Akhmetov moved from trading coke and coal to acquiring cheap stakes in metallurgy plants. He revitalized the Yenakiieve plant, where workers previously earned $45 a month, transforming it into a globally competitive enterprise.Breaking the Mold: To break Dynamo Kyiv's dominance, Akhmetov hired foreign managers like Nevio Scala and Mircea Lucescu. He argued that a patriot is someone who works for Ukraine's benefit, regardless of origin, a philosophy that yielded 22 trophies over 12 years.The Financial Toll of Occupation and the Iron and Steelworks of AzovstalThe conflict in Donbas has been devastating for Akhmetov’s industrial empire. Since the occupation began in 2014, his businesses have suffered severe losses. The Azovstal iron and steelworks became a global symbol of Ukraine's resilience during the 2022 siege, though it came at a massive cost to the local economy.Shakhtar was forced to flee their home, losing the Donbas Arena—a stadium that once held 40,000 to 50,000 fans—to the occupying forces. The club's relocation to Lviv and Poland turned them into a powerful ambassador for the Ukrainian state, using the Conference League semi-finals to keep the world's attention on the war.Shakhtar as a Symbol of Ukrainian ResilienceAkhmetov reveals that Shakhtar has always been pro-Ukrainian, evidenced by their 2007 decision to use the Ukrainian spelling of their name over the Russian one. However, the full-scale invasion has crystallized this identity. The club is now viewed globally as a symbol of the fight for independence, sovereignty, and freedom.The Road to Donbas: A Promise Kept and BrokenFor years, Akhmetov maintained a moral imperative: he vowed not to attend another game until Shakhtar returned to their beloved Donbas Arena. This promise was broken last month when he returned for the Conference League quarter-final following the death of his long-time manager, Mircea Lucescu. The spontaneous decision was driven by emotion, as the players' applause during the warm-up moved him to tears. It marks a significant moment in the club's history, signaling a potential return to the region that birthed them, even as the war continues.