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Economy May 25, 2026

Cattle market empties as fear grips Eid preparations in India’s West Bengal

A week before Eid al‑Adha, the Dhulagarh cattle market outside Kolkata stood almost empty as trader…
Empty stalls at Dhulagarh: Eid traders face a deserted marketLess than a week before Eid al‑Adha, the sprawling Dhulagarh cattle market on Kolkata’s outskirts looked deserted. Hundreds of cattle remain tied to bamboo poles while traders huddle under tin shades, waiting for buyers who never arrive.Political crackdown triggers market shutdownAfter the BJP won power in West Bengal on May 6, new Chief Minister Suvendu Adhikari ordered strict enforcement of the 1950 law that bans public cattle slaughter without a government certificate. The rule, previously lax under Marxist and centrist rule, now requires animals to be over 14 years old and slaughtered only in designated municipal facilities.Financial losses mount for traders and meat sellersMore than 200 head of cattle sit unsold, each unsold animal costing a seller roughly 5,000 rupees (≈ $53).Beef prices have plunged from 400 rupees per kilogram to as low as 150 rupees (≈ $1.70).One Muslim trader, known as Sundor, borrowed 1 million rupees against his mother’s jewellery to stock cattle for the festival.Licenced beef shops report a 60‑70 % drop in daily sales, forcing many to close by mid‑afternoon.Broader impact on West Bengal’s meat industry and communal relationsThe crackdown has rippled beyond the market. Restaurants such as The Burger Shop have halted beef burgers, citing police pressure on suppliers. Muslim‑run meat shops report dwindling footfall, and street‑prayer gatherings have been discouraged by newly elected BJP legislators, heightening communal anxiety ahead of the festival.Outlook: Uncertainty for Eid trade and future policy shiftsWith the election‑year atmosphere still volatile, traders fear prolonged loss of income and possible defaults on high‑interest loans. Unless the state relaxes enforcement or provides compensation, the traditional Eid livestock trade could remain suppressed, reshaping West Bengal’s rural‑urban economic linkages for years to come.
#Dhulagarh cattle market #West Bengal #Narendra Modi
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Business May 25, 2026

BHP's Strategic Retreat: The Economics of Emissions Reduction in the Pilbara

BHP has quietly shelved a critical iron ore beneficiation project in the Pilbara that promised sign…
The Jimblebar Beneficiation Project: A Missed Opportunity for DecarbonizationBHP has quietly abandoned plans for a major iron ore processing facility near its Jimblebar open-cut mine in the Pilbara. The project, which was well advanced in 2025, aimed to improve the purity of iron ore to meet global demand, particularly from China. Despite being internally rated as having "excellent social value" and being "well-aligned" to shareholder-endorsed climate plans, the mining giant decided to cancel all further work on the plant.The Economic Trade-off: Marginal Returns vs. Climate GoalsThe decision to scrap the Jimblebar plant was driven by a strict assessment of marginal economics. BHP determined that the project would struggle to compete for capital against other potential investments. This cancellation is part of a broader pattern where the company is either shelving or delaying major projects designed to reduce emissions, including a 50-megawatt solar and 20MW battery project that had board approval.Capital Allocation: The miner is prioritizing projects with higher immediate returns over those that offer long-term environmental benefits.Fleet Strategy: Despite pledging to electrify its fleet, BHP has continued purchasing polluting diesel trucks for Pilbara operations.Quantifying the Impact: Scope-Three Emissions and Market PremiumsThe Jimblebar facility was not just a logistical upgrade; it was a strategic tool for decarbonization. By providing higher quality iron ore, the plant would have allowed steelmakers to reduce their emissions intensity, which is one of the cheapest methods for the industry to cut carbon output.The economic and environmental stakes were significant:Emission Reduction: The project was estimated to reduce scope-three emissions by 1.7m tonnes a year.Comparative Impact: This reduction is equivalent to taking more than 350,000 cars off the road, representing about three-quarters of the entire annual emissions from BHP’s Western Australian iron ore division.Market Premium: Higher quality ore allows BHP to charge customers a premium, creating a potential win-win scenario that was ultimately deemed too marginal.Broader Implications for Australia's Safeguard MechanismThe leaked documents, dubbed the "BHP files," raise serious questions about the efficacy of Australia’s Safeguard Mechanism. This federal policy requires the country's largest polluting industrial facilities to cut greenhouse gas emissions intensity year on year. BHP's decision to delay or cancel green investments suggests that the current policy framework may not be strong enough to compel major miners to prioritize decarbonization over short-term profitability.Future Outlook: The "Net Zero" DilemmaBHP's recent actions indicate a potential shift in its timeline for achieving net-zero goals. By war-gaming options to significantly delay major investments, the company is signaling that its 2050 emissions target may be more aspirational than operational in the near term. Investors and climate advocates will be closely watching whether BHP can reconcile its climate commitments with its capital allocation strategy as global pressure mounts.
#BHP #Pilbara #Iron Ore
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Environment May 25, 2026

BHP Backtracks on Climate Promises Despite Massive Resources

BHP, the world's largest mining company, has cancelled and delayed key climate projects despite mak…
The Climate Reversal of a Mining GiantThe revelation that BHP cancelled and delayed commitments to act on the climate crisis should be a wake-up call. It matters in its own right: millions of tonnes of additional heat-trapping pollution will go into the atmosphere, adding to climate harm and making Australia's climate targets that much harder to reach.It also matters for the influence the world's biggest miner could have in accelerating use of technology needed to cut pollution from major industrial operations.Delayed Renewable Projects and Diesel DependenceBHP shelved the first big investment planned under its decarbonisation plan – a huge solar farm – after it was approved and funded by its board. A much larger solar, wind and battery development that would have run most of its inland operations in northern Western Australia has been delayed for at least five years.BHP has also doubled down on using diesel-powered trucks, despite a promise to switch to a fleet of electric vehicles running on renewable energy. Internal documents acknowledge this is inconsistent with its climate pledges.The Scale of BHP's Environmental ImpactBHP is famously known as the Big Australian – a reflection of its success and scale since its origins mining silver and lead in Broken Hill 140 years ago. It remains at or near the top of lists of the country's most profitable companies.But it is also a historic, global-scale polluter, mostly thanks to its mining of coal. Its extraction of that dirty fuel means it has been in the upper echelon of corporate emitters since industrialisation.The thinktank InfluenceMap lists it as the 31st biggest cumulative contributor to the climate crisis, and the 10th biggest among companies owned by private investors.Over the past 140 years, it has been responsible for more than 11bn tonnes of carbon dioxide pumped into the atmosphere, counting the pollution released when its customers use its products. That's equivalent to about 25 years of Australia's current annual emissions.Emissions Discrepancies and Financial CapacityThe company says it is acting – that its emissions are down 36% since 2020, putting it ahead of its target of a 30% reduction by 2030. But the detail here matters. The claimed cut is due to power purchase agreements signed for some grid-connected renewable energy projects, particularly in Chile, and the suspension of its struggling Western Australian nickel operations.Its direct onsite emissions, mostly from burning diesel, continue. And its annual report shows its scope-three emissions – those that result from the use of its products – have increased by 7% since the turn of the decade. The scale of that increase – more than 25m tonnes a year – dwarfs the reduction the company claims it has made.The company's own estimates suggest that its full decarbonisation could cost US$7.5bn over the next 25 years. It brings in the equivalent revenue in less than six months from its WA operations alone.Government Policy and Corporate ResponsibilityOne reason BHP hasn't invested more heavily in emissions reduction might be that the Australian Labor government is sending mixed messages to big miners even as it pledges the country will reach net zero emissions by 2050.Mining companies receive more than $4bn a year in rebates on the cost of diesel that are not offered to households and small businesses. BHP is the biggest beneficiary. According to the thinktank Clean Energy Finance, the fuel tax credit scheme lowered its fuel bill by about $620m last year.Making fossil fuels cheaper is a strange way to encourage the uptake of electric trucks running on renewable energy. It also works against the goals of a government policy that requires big industrial sites, including those operated by BHP, to cut emissions year-on-year.
#BHP #Climate change #Emissions
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World Wide May 25, 2026

Israeli Strikes Kill Three in Lebanon Amid Fresh Displacement Orders Despite Ceasefire

Israeli air attacks killed at least three people in southern Lebanon while the military issued new …
The Escalation in Southern LebanonAt least three people have been killed in Israeli air attacks on vehicles in southern Lebanon, the country's National News Agency (NNA) reported, as the Israeli military issued new forced displacement orders for residents in the south. Israeli drone attacks targeting three vehicles on the Kafr Rumman-Jarmaq highway and the Jarmaq-Khardali road in the Nabatieh area early on Monday killed three people, NNA reported.Mass Evacuation Orders IssuedLater, Israel ordered residents of 10 villages to evacuate their homes before expected strikes. Citing "Hezbollah's violation of the ceasefire agreement", the military's Arabic-language spokesman, Colonel Avichai Adraee, said in a social media post that the Israeli forces "are compelled to operate against it with force", as he listed the names of the villages, mostly in southern Lebanon."For your safety, you must evacuate your homes immediately and move at least 1,000 metres away from these towns and villages to open areas."Continued Israeli Military OperationsIn the southern city of Tyre, an Israeli attack destroyed two homes in the Arzoun municipality, NNA reported, adding that rescue teams were on site to evacuate the injured. Israeli forces also struck the towns of al-Mansouri, Siddiqin, Zibqin, Qlayaa, Yohmor al-Shaqif, Zawtar al-Sharqiyah and al-Haniya.Reporting from Beirut, Al Jazeera's Zeina Khodr said Israeli drones were hovering over the Lebanese capital for the second consecutive day. "Nonstop buzzing of Israeli drones over central Beirut and the capital's southern suburbs ... flying at low altitude," she said.Rising Casualties Despite CeasefireMore than 3,000 people have been killed since the fighting between Israel and the Lebanese armed group Hezbollah resumed on March 2, according to the Ministry of Public Health. The Israeli military said on Monday that one of its soldiers was killed in southern Lebanon amid continued hostilities and ongoing clashes with Hezbollah. Another soldier was wounded in the incident, the military said in a statement. According to Israeli media reports, the casualties resulted from a Hezbollah drone attack.A total of 23 Israeli soldiers have been killed in the conflict, along with a civilian contractor, since hostilities resumed.Failed Ceasefire and Diplomatic EffortsDespite a US-mediated "ceasefire" that took effect on April 17 and was later extended into early July, Israeli military operations in southern Lebanon and Beirut have continued. Lebanon and Israel began landmark US-brokered talks last month and are preparing for a fourth round in early June, preceded by a meeting between military delegations at the Pentagon on May 29.Lebanon's Non-Negotiable DemandLebanese President Joseph Aoun said on Monday that Israel's withdrawal from the country was a "non-negotiable" demand that authorities would pursue through negotiations, days before another round of talks in Washington, DC. In a statement commemorating Israeli forces' withdrawal from Lebanon in 2000 after some two decades of occupation, Aoun said, "This year, the anniversary of the liberation comes as Lebanon is weighed down by a painful reality.""Israeli attacks have not stopped, and our dear southern villages are still suffering under a renewed occupation," he said.Hezbollah's Position and Regional ImplicationsHezbollah chief Naim Qassem on Sunday reiterated his opposition to direct talks with Israel and his group's refusal to disarm. "If this government is incapable of guaranteeing sovereignty, it should go," Qassem said. "Where is the sovereignty if America runs the cogs of the Lebanese state?"Meanwhile, Iran's Ministry of Foreign Affairs spokesman Esmaeil Baghaei said negotiations between Washington and Tehran aimed at ending the US-Israel war on Iran were also focused on ending the war in Lebanon.
#Israel #Lebanon #Hezbollah
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Sports May 25, 2026

Premier League 2025-26 Signings of the Season

The Premier League 2025-26 season has seen several key signings make a significant impact. Players …
The Standout Signings of the Premier League 2025-26 Season The Premier League 2025-26 season has witnessed several signings that have made a significant impact on their respective teams. Here are some of the key players who have stood out. Dominic Calvert-Lewin (Leeds) Dominic Calvert-Lewin, who joined Leeds on a free transfer, has been a revelation. Despite his injury record and goal-scoring struggles in the past, Calvert-Lewin has proved his doubters wrong by playing a crucial role in keeping Leeds in the Premier League. He scored seven goals in six games at the end of the 2025 season and earned his first England call in five years. Adrien Truffert (Bournemouth) Adrien Truffert, who joined Bournemouth from Rennes for £11m, has been an ever-present for the team. He has settled seamlessly into life on the south coast, performing superbly in a high-energy, progressive role on the flank. Truffert's combative nature and leadership skills have made him an integral member of the team. Kiernan Dewsbury-Hall (Everton) Kiernan Dewsbury-Hall, who joined Everton from Chelsea, has had a resurgence in form. After a disappointing spell at Chelsea, Dewsbury-Hall has flourished at Everton, scoring eight goals and assisting four. He has been praised by manager David Moyes for his creativity and work rate. Rayan Cherki (Manchester City) Rayan Cherki, who joined Manchester City from Lyon, has been a thrilling player to watch. Despite frustrating moments, Cherki's skills and flair have led to 16 goal involvements in the league. At just 22 years old, he has a bright future ahead of him. Granit Xhaka (Sunderland) Granit Xhaka, who joined Sunderland in the summer, has brought experience and intellect to the team's midfield. He has helped the team control key moments against high-quality opposition and has taken on the captain's armband. Xhaka's decision to join Sunderland over Champions League football was a significant one, but he has been instrumental in the team's success.
#Premier League #Dominic Calvert-Lewin #Adrien Truffert
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Environment May 25, 2026

Flash Floods Hit NYC as Europe Endures Early Heat Dome

New York City was battered by flash floods that overwhelmed its aging sewer system, while western E…
New York City experienced sudden flash flooding on Wednesday while western Europe entered an early‑season heat dome, creating simultaneous extreme‑weather challenges on opposite sides of the Atlantic.Flash Floods Overwhelm NYC’s Aging Sewer SystemBrooklyn and Queens received 2 in (50 mm) of rain in as little as 20 minutes, pushing water into the sewer at a rate of up to 6 in an hour, far beyond the design capacity of 1.75 in an hour. Streets, the Long Island Expressway and subway stations were inundated, leaving commuters wading knee‑deep and causing traffic snarls.Rainfall Intensity and Power Outage NumbersRainfall: 2 in (50 mm) within 20 minutesSewer flow: up to 6 in per hour (design limit 1.75 in per hour)Power outages: > 10,000 people without electricityUrban Infrastructure Strain and Regional DisruptionThe event highlighted the vulnerability of older storm‑water networks in dense cities and triggered widespread service interruptions, including road closures and delayed subway service. Similar storms across New Jersey and New York states also felled trees and downed power lines.Early Summer Heat Dome Stretches Europe Above Climate NormsWestern Europe is under a persistent high‑pressure system that is trapping warm air. May temperatures in the UK, France and Germany are 10‑15 °C above average, with France breaking its May record at 30.5 °C. Southern Iberia is forecast to reach 37‑38 °C, while Spain and Portugal sit near but below their historic May highs of 44.4 °C and 40.0 °C respectively.What the Early Heat Dome Means for Europe’s SummerMonday and Tuesday mark the peak of the current heat wave, after which the most intense temperatures will likely concentrate over France and Iberia. The early onset suggests a prolonged period of above‑average warmth through June, raising concerns for energy demand, health risks and agricultural stress across the region.
#New York City #Flash Flooding #European Heat Dome
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Sports May 25, 2026

Premier League 2025-26 Season Review: The Notable Flops

The 2025-26 Premier League season was marked by several high-profile disappointments, from Newcastl…
The Lead: A Season of DisappointmentThe 2025-26 Premier League season will be remembered for its high-profile flops and underperforming teams. While some clubs exceeded expectations, others with significant investment and talent fell dramatically short, creating a season of disappointment for fans and stakeholders alike.Newcastle's Costly Summer SigningsNewcastle's year-long chase to sign Yoane Wissa from Brentford culminated in a £55m deal in September. The Democratic Republic of the Congo forward arrived after scoring 19 goals for Brentford the previous season and was expected to lead the charge for Eddie Howe. However, it has been a disappointing experience. Wissa scored just once in 13 league appearances, starting only four times, as he failed to fit into the system and build rapport with teammates. His struggles mirrored those of other Newcastle attacking recruits, with £65m Nick Woltemade and £55m Anthony Elanga also underperforming. The team as a whole struggled, finishing 12th—a seven-place drop from the previous season—and missing out on European competition.Tottenham's Chaotic SeasonTottenham's season descended into chaos after an initial promising start. Thomas Frank was brought in to bring stability but was sacked in February after the team managed only two victories between November and mid-April. His replacement, Igor Tudor, lasted just 44 days before being dismissed following a Champions League humiliation at Atlético Madrid. Roberto De Zerbi became the third person to take charge as the club battled to avoid relegation, ultimately finishing 17th—the same position as the previous season. The club's instability was evident when captain Cristian Romero made public criticisms of the hierarchy, indicating deep issues within the dressing room.The Declining Quality of FootballThe standard of entertainment in the Premier League has come under scrutiny, with many matches described as aesthetically unpleasing. The modern game appears increasingly focused on physicality rather than technical skill, with teams prioritizing corner wins and aerial dominance over attractive play. While occasional thrilling matches emerged, the overall quality has suffered as the league continues to prioritize financial gain over sporting excellence. The demanding schedule, particularly for elite players, has contributed to fatigue and inconsistent performances across the season.Short-Lived Tenures: Postecoglou and AmorimAnge Postecoglou's tenure at Nottingham Forest was one of the shortest in Premier League history, lasting just 40 days. The Australian, who had recently won the Europa League with Tottenham, failed to adapt his style to a squad not built for his philosophy, resulting in poor performances and a relegation battle. Similarly, Ruben Amorim faced challenges at Manchester United, taking over from Erik ten Hag to find a disjointed squad low on morale. While the full extent of his struggles is not detailed in the provided text, his arrival at Old Trafford represented another high-profile appointment facing significant obstacles in the 2025-26 season.Future Implications for Underperforming ClubsThe disappointments of the 2025-26 season raise questions about recruitment strategies, managerial appointments, and the direction of several Premier League clubs. Newcastle's failure to capitalize on significant investment may lead to further squad restructuring, with Anthony Gordon potentially departing. Tottenham's instability suggests a need for a long-term vision rather than short-term fixes. As clubs reflect on their performances, the 2025-26 season serves as a cautionary tale about the challenges of maintaining success in an increasingly competitive and financially driven league.
#Premier League #Newcastle United #Tottenham Hotspur
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Sports May 25, 2026

Premier League 2025-26 Season Review: Standout Players Who Defined the Year

The 2025-26 Premier League season featured standout performances from several players who made sign…
The Lead The 2025-26 Premier League season has concluded with several players emerging as standouts who made significant impacts on their teams' success. From record-breaking performances to crucial saves, these individuals defined the season and left lasting impressions on fans and critics alike. The Standout Performers Bruno Fernandes of Manchester United had an exceptional season, dragging the team through matches early on and later leading Michael Carrick's unified side. He won the Football Writers' Association player of the season award and set a record Premier League assist tally of 21 at Brighton on the final day of the season. His intelligence, work rate, and technique have made him the most influential captain in the league. David Raya of Arsenal proved to be a significant upgrade over Aaron Ramsdale, having at least a share of the Golden Glove award for the most Premier League clean sheets in all three of his seasons at Arsenal. He started every game except the final match, making crucial saves at critical moments to ensure Arsenal edged out Manchester City in the title race. Erling Haaland continued his impressive form for Manchester City, scoring 27 league goals at a rate of one every 110 minutes. Despite criticism about his overall game, his goal-scoring prowess is undeniable, with Pep Guardiola declaring him "the best striker in the world." Igor Thiago exceeded expectations at Brentford after the team lost key players and their manager. He scored 12 goals in his first 14 games of the season in all competitions and was named in Brazil's World Cup squad by Carlo Ancelotti, who praised his ability to be a top performer in the Premier League. Morgan Gibbs-White of Nottingham Forest embraced the responsibility of the armband under Vítor Pereira, helping the team maintain their Premier League status and reach the Europa League semi-finals. With 15 goals in 37 Premier League games, he became one of the most feared attacking players in the league. The Statistical Impact The standout players of the 2025-26 season produced remarkable statistics that underscore their importance to their teams: Bruno Fernandes set a Premier League record with 21 assists David Raya maintained at least a share of the Golden Glove award for three consecutive seasons Erling Haaland scored 27 goals, averaging one every 110 minutes Igor Thiago scored 12 goals in his first 14 games after returning from injury Morgan Gibbs-White scored 15 goals in 37 Premier League appearances The Changing Landscape of Premier League Excellence The 2025-26 season highlighted how individual excellence can transform team fortunes. Fernandes' leadership and creativity were instrumental in Manchester United's improved second-half performance, while Raya's consistent goalkeeping gave Arsenal the stability needed to challenge for the title. Haaland's continued dominance for Manchester City demonstrates the importance of clinical finishing, while Thiago and Gibbs-White showed how players can exceed expectations and become key figures in teams not expected to challenge at the highest level. The Future Outlook As we look ahead to the 2026-27 season, these standout players are likely to continue their influence. Fernandes will aim to build on his record-breaking season as Manchester United seeks to challenge for the title, while Raya's consistent performances will be crucial for Arsenal's title ambitions. Haaland will remain the focal point of Manchester City's attack, though teams will continue to develop strategies to contain him. Meanwhile, Thiago and Gibbs-White will look to build on their breakout seasons and help their teams achieve even greater success.
#Bruno Fernandes #David Raya #Erling Haaland
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World Wide May 25, 2026

Philippines Building Collapse Death Toll Rises to 3, 17 Missing

A building under construction in the Philippines collapsed, killing 3 people and leaving 17 missing…
The Building Collapse in Angeles City Rescuers have pulled two people from the rubble of a collapsed building under construction in the Philippines, bringing the death toll to three, officials have said, as crews continue search and rescue operations at the site. Rescue Efforts and Casualties One of the two victims had a pulse when he was retrieved, but later died, while another suffered cardiac arrest while still trapped, Maria Leah Sajili, an information officer at Bureau of Fire Protection, said in a phone interview with the Reuters news agency on Monday. 3 confirmed deaths 17 people missing, most of them construction workers Up to 70 people were employed at the construction site The Investigation and Challenges Officials said an investigation is under way into what caused the collapse of the multistorey building in the city of Angeles, north of the capital, Manila. Sajili said there could be more victims trapped, after thermal scans detected signs of breathing and heartbeats beneath the rubble. Rescue in building collapse is very challenging, since any sudden shift triggered by the movements of our rescuers can cause areas to move and people under can get crushed. The Impact on Families and Community Families have grown increasingly impatient and frustrated with the pace of the search and rescue operations. Lea Casilao, who travelled from Manila, said she only wants regular updates about the status of her husband, a construction worker believed to be trapped beneath the rubble. “My youngest child keeps asking, but I do not have answers,” the 47-year-old said. The Future Outlook If no more survivors are found, mechanical diggers and other heavy equipment will be brought in to clear debris and recover bodies, Sajili said, but gave no timeline. The cause of the collapse is not known. Angeles City Mayor Carmelo Lazatin told reporters that authorities were trying to locate the building owner to get answers, including clarity on the number of workers at the site.
#Philippines #Building Collapse #Angeles City
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