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UK economy is projected to shed 163,000 jobs in 2026, according to forecasting group Item Club, as the ongoing Iran war pushes oil prices up and drags manufacturing, construction, retail and hospitality sectors.Projected Job Losses Amid Iran ConflictThe latest regional outlook from the Item Club warns that the war‑induced energy shock will ripple through the British labour market. With no sign of a cease‑fire, higher energy costs and supply chain disruptions are expected to force firms to cut headcount, especially in regions that rely heavily on manufacturing and construction.Numbers Behind the ForecastNational total: 163,000 jobs lost in 2026South Wales: 5,700 jobsThe Humber: 2,800 jobsLondon (retail & hospitality): 25,000 jobsBirmingham: 12,500 jobsLeeds: 9,800 jobsGlasgow: 6,200 jobsRegional Pain Points and Sectoral SpilloversLower‑income areas such as South Wales and the Humber are hit hardest because they depend on energy‑intensive industries. As households in these regions face tighter budgets, discretionary spending falls, amplifying the slowdown in retail and hospitality nationwide. The forecast also underscores a broader macro‑economic drag: higher oil prices raise production costs, erode profit margins, and dampen investment confidence.What the Outlook Means for Policy and MarketsLabour leader Keir Starmer faces a political test, with rising unemployment likely to fuel criticism ahead of upcoming elections. Policymakers may need to consider targeted fiscal support for the most affected regions, alongside measures to stabilise energy prices. Financial markets are already reacting to the oil rally—Brent futures rose over 4% to around $105 per barrel—which could translate into higher inflation pressures and influence Bank of England rate decisions.

Lead: Weekend’s Premier League Drama in Ten PointsThe final round of fixtures delivered a mix of clutch performances, VAR controversies and early transfer signals, all of which could reshape the fight for the title, European qualification and survival.Raya’s Heroics Keep Arsenal’s Title Hopes AliveDavid Raya produced a pinpoint one‑on‑one save in the dying minutes against West Ham, preserving a 1‑0 win that keeps Arsenal within striking distance of the championship after a season‑long slump.West Ham’s Missed Opportunity and VAR ControversyWest Ham thought they had equalised when Callum Wilson struck, only for VAR to overturn the goal after a review of a potential foul on Raya. The decision left the Hammers without a point despite a resilient defensive display.City’s Continued Dominance and Doku’s Rising ProfileManchester City extended their unbeaten run with a 3‑0 victory over Brentford, while Jérémy Doku netted his third consecutive league goal, prompting manager Pep Guardiola to remind him that consistency, not flair, will secure his place.Liverpool’s Tactical Shift Under Arne SlotAfter a 1‑1 draw with Chelsea, Arne Slot acknowledged criticism of Liverpool’s “safe, passive” style and promised a more aggressive midfield approach in the second half, hinting at tactical tweaks for the remaining fixtures.Zirkzee’s Struggles Signal United’s Transfer DilemmaManchester United’s Joshua Zirkzee failed to make an impact in a goalless draw at Sunderland, underscoring doubts about his £36.5 m signing and fueling speculation of a summer exit.Howe’s Early Transfer Blueprint for NewcastleNewcastle manager Eddie Howe fielded a rotated XI against Nottingham Forest, benching top scorer Anthony Gordon and signaling that the club will be active in the upcoming transfer window.Burnley’s Goalkeeper Audition Highlights Squad OverhaulCaretaker Mike Jackson gave 21‑year‑old Max Weiss his Premier League debut, exposing the Magpies’ need for a long‑term solution between the sticks as veteran Martin Dubravka departs.Statistical Snapshot: Points, Goals and Table MovementsArsenal climb to 2nd with 78 points after the win.Manchester City sit top with 81 points, extending their lead to three.West Ham remain in the top‑four race on 68 points.Manchester United stay in the top‑six on 66 points despite the draw.Newcastle sit 12th with 55 points, eyeing a late‑season surge.Impact: How These Stories Reshape the Title Race and European RaceArsenal’s narrow victory narrows the gap to City, while West Ham’s dropped points keep the top‑four battle fluid. City’s consistency reinforces their odds of a third consecutive title, and United’s transfer uncertainty could jeopardise their Champions League aspirations.Looking Ahead: What the Next Fixtures Could Mean for the ContendersUpcoming clashes between Arsenal and Tottenham, and City versus Liverpool, will likely decide the championship winner. Meanwhile, United’s summer market activity and Newcastle’s squad refresh will be pivotal for their European ambitions, and Burnley’s goalkeeper decision could influence their relegation fight.

The Savings Landscape in the UKEarning as much as 7% on your savings sounds great – but what's the catch? The top-paying accounts often come with strings attached, which could mean your money is not working as hard as you thought. That's important because there is a lot of cash sitting in fixed-rate savings accounts that are about to reach the end of their term. The total amount in accounts maturing between April and June is £90bn, according to the savings app Spring – and that money will need to find a new home.On top of that, there is an estimated £329bn sitting in current accounts earning 0% interest, and another £99bn in savings accounts paying 1% or less, all of which should be doing more. At a time when inflation is creeping up, it is crucial that your savings keep pace with the cost of living.The Hidden Limitations of High-Yield AccountsRegular savings accounts are a great way to build a pot, and many of them have decent interest rates – but they often limit how much you can save and for how long. The Co-operative Bank's Regular Saver (available to the bank's current account holders) pays a generous 7% interest, for example, but only on up to £250 a month. Saving the maximum into this account every month – so £3,000 over 12 months – could earn you £114 interest after a year.If that is less than you expected, the reason is that you are drip-feeding the money in over the 12 months rather than putting it all in as a lump sum at the beginning, so you are only getting 7% on the full £3,000 for one month. If you have a decent-sized lump sum to invest, you may find that something like a high-paying fixed-rate savings account is a better bet. For example, someone with a £5,000 lump sum who put it all in a savings account paying quite a lot less – 4% – could earn close to double that amount of interest in a year: £200.The Financial Impact of Bonus Rate StructuresSome top-paying accounts include "bonus rates", which disappear after a certain period, leaving you with a less generous rate. The Post Office's Online Saver, for example, offers a rate of 4.1% interest – but that is boosted by a 3.2% bonus rate for 12 months. So the interest rate without the bonus after 12 months is just 0.9%. Similarly, Tesco Bank's Internet Saver pays 4.12%, which includes a 12-month bonus rate of 3.07%.Some bonus periods may be shorter, lasting only three or six months. Savers don't need to completely avoid such accounts, but they should make a note of when the bonus ends and then move their money. Derek Sprawling at Spring says: "Check how long any bonus lasts, what balance it applies to, and what rate you will earn once it ends."Access Restrictions That Limit FlexibilityEasy access accounts are great for anyone who might need to get hold of their money quickly. But the access might not be as easy as you think. Analysis by Spring found that 77% of easy-access accounts that come with paid-for or premium current accounts have extra restrictions. Almost half have tiered interest rates, while nearly a third have withdrawal restrictions.Be sure to understand the rules or you may face a penalty, such as a reduced interest rate or forfeiting the interest you have earned. Sometimes there is a clue in the name. Mansfield building society's Triple Access Bonus Saver pays 4.25%, which includes a 1% bonus for 12 months – but you are restricted to three withdrawals in each calendar year.How Balance Tiers Affect Your ReturnsThe interest rate you get can sometimes depend on your balance. Some accounts offer a better rate the more money you have, while others pay the top rate only up to a certain amount, so those with a larger pot miss out. The Santander Edge Saver account pays 6%, for example, but only on balances up to £4,000. Savers with this amount stashed away could earn £200 over a year. But those with more won't earn any extra – no interest is paid on balances above £4,000 – so they would be better-off taking their additional savings elsewhere.Other accounts have eligibility criteria that restrict who can open one. These might include needing a current account with the bank or a minimum deposit. Other accounts are open only to certain professions, such as teachers, or to people in particular regions or postcodes.The Future of UK Savings and Consumer ProtectionAs more consumers become aware of these traps, financial institutions may face pressure to offer more transparent products. James McCaffrey at the credit score app TotallyMoney warns: "When it comes to savings, if it looks too good to be true, it might well be. Check the small print – headline-grabbing rates don't always tell the full story."With billions of pounds sitting in low-yield accounts and maturing fixed-term products, the coming months will see many UK savers making critical decisions about where to park their money. Those who take the time to understand the full terms and conditions of high-interest offers will be best positioned to maximize their returns while maintaining the flexibility they need.

Lead: Europe Faces an Age of Un‑OrderEurope is confronting a geopolitical landscape where traditional rules no longer apply, a situation the author Mark Leonard describes as “un‑order”. While the US and Israel are embroiled in the war in Iran, the real strategic contest is between China and Europe.China’s Strategic Stockpiling and Market DominanceChina anticipated the crisis years ago, building massive reserves of oil, food and semiconductors, and securing control over rare earths and other critical minerals. This foresight has left it in a position of “remarkable equanimity” as European leaders scramble.Quantifying Europe’s Dependence on Chinese Supply Chains80% of the global drone supply chain is sourced from Chinese firms.97% of the EU’s magnesium, essential for fighter jets and tanks, comes from China.Key green‑technology sectors—batteries, electric vehicles, solar panels and wind turbines—are dominated by Chinese manufacturers.Why Europe’s Current Approach Risks DeindustrialisationHalf‑hearted EU tariffs on the auto sector have only attracted a few BYD plants, insufficient to offset the flood of cheaper Chinese products. Without a decisive policy shift, Europe risks rapid deindustrialisation and increased vulnerability to coercion.Path Forward: Leveraging Tariffs, the Trade “Bazooka” and Strategic StockpilesExperts propose a suite of tools: a 30% across‑the‑board tariff on Chinese goods, activation of the EU’s anti‑coercion “trade bazooka”, stricter enforcement of the Digital Markets Act, and the creation of strategic mineral reserves. Implementing these measures could rebalance the power dynamic and give Europe the agency to thrive in an age of chaos.

The LeadFormer US President Donald Trump has labeled Iran's response as "totally unacceptable" amid escalating tensions between the two nations. The statement reflects the continuing strained diplomatic relations between Washington and Tehran, with significant implications for Middle East stability.The Political StatementTrump's characterization of Iran's response as "totally unacceptable" comes during a period of heightened tensions in the Middle East. While the specific context of Iran's response remains unclear in the provided information, such strong language from a former US president indicates significant diplomatic friction. The statement underscores the ongoing challenges in US-Iran relations, which have been strained since Trump withdrew the US from the Iran nuclear deal in 2018.Regional ImplicationsThe exchange highlights the shifting dynamics in Middle Eastern geopolitics. Iran's actions and responses are closely watched by regional allies and adversaries alike, including Israel, Saudi Arabia, and other Gulf states. The strong language from Trump suggests that the issue may have implications beyond bilateral relations, potentially affecting regional security arrangements and energy markets.Future OutlookGiven the history of US-Iran tensions, this latest development could lead to further diplomatic isolation of Iran or potentially trigger a series of retaliatory measures. The international community, particularly European nations involved in the nuclear deal, may attempt to mediate the situation. However, without concrete policy proposals from current US administration officials, the long-term impact of Trump's statement remains uncertain.

Why This Week Is Ideal for Spotting VirgoDuring the northern spring months, the Virgo constellation rises high enough for comfortable naked‑eye observation, making it the perfect target for casual stargazers and seasoned astronomers alike.Virgo’s Position in the Spring Night SkyVirgo sits between the bright Leo to the west and the similarly faint Libra to the east. A sky chart for London at 2300 BST on Monday shows the same view throughout the week, with the constellation appearing due south.Visibility Timings and Observational DataPrime viewing hour: 2300 BST (London) – same window all week.Southern‑hemisphere observers see Virgo high in the eastern sky during the early evening.Location: Between the ecliptic line followed by the Sun, Moon and planets, classifying Virgo as a zodiacal constellation.Historical and Mythological Roots of VirgoVirgo appears in Ptolemy’s 2nd‑century catalogue of 48 constellations, though its origins trace back to 10th‑century BCE Babylonian astronomy. The Babylonians identified it with the goddess Shala, while the Greeks linked it to Demeter, the harvest deity. Its brightest star, Spica, is traditionally visualized as an ear of wheat held by the maiden.Occasionally, Virgo is depicted holding the scales of the neighboring constellation Libra, symbolizing justice.What Skywatchers Can Expect in the Coming WeeksVirgo will remain well‑placed throughout the spring, gradually moving westward as the season progresses. By early summer, the constellation will set earlier each night, giving observers a shrinking window before it dips below the horizon. Enthusiasts planning longer sessions should aim for the current week’s 2300 BST slot for the clearest view.

Thaksin Shinawatra Walks Free After Eight Months Behind BarsThailand’s former Prime Minister Thaksin Shinawatra was released from Klong Prem Central Prison on May 13, 2026 after serving eight months of a one‑year sentence related to corruption charges.Release time: ~7:40 am local (00:40 GMT)Accompanied by family, including daughter Paetongtarn ShinawatraRequired to wear an electronic ankle monitor for the remainder of his termParole Conditions and Sentence MetricsThe Ministry of Justice panel granted parole citing good behaviour, age, and low recidivism risk. The original eight‑year sentence was reduced to one year by the king, and Thaksin spent six months in a VIP hospital wing before parole.Implications for Thailand’s Political LandscapeThaksin’s release comes as his Pheu Thai Party, now third in the February 2026 elections, joined the coalition of conservative Prime Minister Anutin Charnvirakul. His nephew Yodchanan Wongsawat secured a cabinet post, while Thaksin’s influence may revive ahead of the next election cycle.Future Trajectory of Shinawatra InfluenceAnalysts predict that Thaksin’s freedom could embolden his allies, potentially reshaping policy debates on corruption and economic reforms. However, the ankle monitor and ongoing legal scrutiny may limit his public activities, keeping the political arena volatile.

Sadiq Khan marks ten years as London’s mayor, reflecting on coalition‑building and a transformative environmental agenda that has reshaped the capital. The Decade‑Long Journey: From 2016 Election to Third Victory 2016: Khan elected as mayor while Barack Obama was US president. 2026: Secured a third term, defeating the Tory challenger. London has endured Brexit, multiple UK prime ministers, and major tragedies. Environmental Scorecard: Trees, ULEZ, Cycling and Cleaner Air Ultra‑Low Emission Zone expanded to cover all of Greater London. 640,000 new trees planted. Cycle network more than quadrupled in length. 250+ road fatalities prevented by 20 mph speed limits. NO₂ levels fell within legal limits for the first time since 2010. Electric buses rolled out across the capital; Oxford Street set for full pedestrianisation by summer 2026. Coalition‑Building as a Political Strategy in a Divided City Khan attributes his longevity to a “winning coalition” of Tory remainers, Greens, Lib Dem and Labour supporters, forging alliances despite opposition from national parties. Future Outlook: Scaling Up the Green Agenda in the Next Term Potential rewilding projects such as white stork returns. Further expansion of low‑carbon transport and affordable fares. Continued resistance to national policy shifts, relying on cross‑party local support.

The Incident Victor Wembanyama was ejected for the first time in his NBA career after an elbow to the jaw of Naz Reid as the Minnesota Timberwolves beat the San Antonio Spurs to level their playoff series. Details of the Play Wembanyama was whistled for an offensive foul as soon as he struck Reid, who had swarmed the Spurs star outside the paint along with teammate Jaden McDaniels after the 7ft 4in Wembanyama rebounded a missed three-pointer by the Spurs. The incident occurred during a crucial moment in the game, with the fans at Minnesota's Target Center chanting, 'Kick him out! Kick him out!' After a video review of the play, the foul was upgraded to a Flagrant 2 for excessive contact above the neck. The Impact of the Ejection The penalty triggered an automatic ejection, immediately swinging the balance of the game, which the Timberwolves won 114-109. The best-of-seven series is now level at 2-2. When the penalty was announced, Wembanyama appeared to ask teammate Harrison Barnes: 'What does that mean?' Reid sank both free throws to give the Timberwolves a 38-34 lead after Wembanyama's ejection. Wembanyama's Performance Despite the ejection, Wembanyama had an impressive game prior to the incident, with 39 points on 13-for-18 shooting from the floor in Game 3. The Series Outlook With Reid, Julius Randle, and McDaniels in their frontcourt, the Timberwolves have had plenty of muscle and tenacity to send at Wembanyama, setting up a competitive series.