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World Economy Apr 05, 2026

Co-op's Former CEO Shirine Khoury-Haq Received £1.9m Pay Package Despite Company's Difficult Year

The former CEO of Co-op, Shirine Khoury-Haq, received a £1.9m pay package in 2025 despite the compa…
The former boss of the Co-op collected almost £2m before her sudden departure last month despite a difficult year when the retailer was pushed into the red by a damaging cyber hack.Shirine Khoury-Haq’s total annual pay package amounted to £1.9m in 2025, including a £165,000 “rewarding growth” bonus that was approved by the mutual’s board despite falling sales and the slide to an underlying loss of £125m.Khoury-Haq and other executives did not receive their regular annual bonus as the board said the company had not met an “affordability underpin” to make the payout. However, Khoury-Haq’s total pay did include a long-term performance bonus linked to earlier years.In the Co-op Group’s annual report, the remuneration committee said it had decided to pay out 10% of the three-year potential total for the new “rewarding growth” incentive plan, which goes to all staff. Full-time, frontline workers, such as shop floor staff, who were employed for all of 2025 received £100 each under the scheme.The report did not say if Khoury-Haq would receive any compensation for loss of office on her departure but did make clear she would not receive any more from the “rewarding growth” scheme. Kate Allum, a board member and former boss of the dairy group First Milk, will step in as the interim chief executive while a permanent replacement is sought.Khoury-Haq’s departure after four years heading the company, and almost seven at the business, came a month after reports of concerns about the culture at the top of the group. Last week, Khoury-Haq denied that her resignation was linked to the allegations of a toxic culture. “My decision to leave was very much a personal decision,” she said. “The reason is I want to go and do something else.”
#co-op #year #not
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Sports Apr 05, 2026

Premier League Clubs Face £80m Hit as Gambling Sponsorships End

Premier League clubs are facing a significant loss in revenue as the ban on gambling sponsorships t…
Several Premier League clubs are struggling to find new shirt sponsors ahead of next season, with nine clubs yet to secure front-of-shirt commercial deals and 12 having not signed contracts. The imminent ban on shirt advertising from gambling companies is having a significant impact on clubs' commercial returns, with the collective loss of income from shirt deals potentially as high as £80m next season.Gambling operators, particularly those serving Asian markets, have been willing to pay more than other companies to sponsor Premier League clubs. However, the removal of gambling firms from the market has led to intense competition among clubs at lower prices. Of the 10 top-flight clubs with gambling sponsors this season, only Bournemouth have announced a replacement, with the club's stadium sponsor Vitality moving on to the shirt in a cut-price deal.Brentford are close to announcing that their existing training kit sponsor, the job search website Indeed, will be on their shirt next season, while Everton and Fulham appear set to buck the trend as they are in advanced negotiations with the foreign exchange trader CMC markets. However, seven clubs with gambling companies' backing remain in the market, including Chelsea and Newcastle, who are still seeking new sponsors.The ban on gambling sponsorships has exacerbated the divide between the big six clubs and the rest of the Premier League in terms of the sponsors they can attract. Arsenal, Liverpool, Manchester City, and Manchester United are locked into long-term deals worth between £50m and £60m a year, while Leeds and Brighton have long-term contracts with Red Bull and American Express respectively.
#Premier League #Manchester United #Bet365
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Sport Apr 05, 2026

Super League Sees Boost in Takeover Talks as Rivals Round Draws Large Crowds

The Super League's recent Rivals Round has shown a significant boost in interest and attendance, wh…
The Super League's potential takeover by the National Rugby League (NRL) could gain momentum as executives from the NRL prepare to meet in the UK to discuss the deal. The recent Rivals Round has showcased the league's exciting matches and drawn large crowds, highlighting its potential. Despite financial struggles, the Super League has demonstrated a strong on-field performance, with five teams level on points at the top of the table. This competitiveness, coupled with increased attendance - 13% higher than last year, presents a compelling case for the NRL's involvement. The NRL is considering covering the Super League's £2.1m salary cap as part of a potential deal, which could alleviate financial pressures on club owners. However, this would likely require them to relinquish control of the game. Wakefield's coach, Daryl Powell, noted that the league has never been more open, with multiple title contenders emerging. The recent matches, including a sell-out crowd for the Hull derby and St Helens' win against Wigan, demonstrate the growing interest in the Super League. While challenges remain, such as a shrinking player pool and expansion, the NRL's involvement could provide the necessary support to elevate the game. The Super League appears poised for a significant breakthrough, with the potential takeover talks gaining traction.
#league #super #nrl
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Sports Apr 05, 2026

LIV Golf Targets National Opens, Escalating Power Struggle with DP World and PGA Tours

Saudi‑backed LIV Golf is exploring the staging of national open championships, a move that could he…
LIV Golf is shifting its focus from recruiting individual stars to securing whole tournaments, with the Saudi‑funded circuit now eyeing the possibility of hosting traditional national open championships. This strategic pivot could reshape the ongoing power tussle in elite golf. The proposal threatens the DP World Tour—formerly the European Tour—which already boasts a dense calendar of national opens across Europe and emerging markets like China, India and Australia. Adding more of these marquee events to LIV’s roster would intensify competition for the most coveted tournament slots. Although the recent exodus of top players from established tours to LIV appears to have stalled or even reversed, the battle for prime tournament markets is far from settled. Securing historic national opens would give LIV a foothold in events that carry deep cultural and commercial weight. To date, LIV has built a largely international schedule, staging events in Australia, South Africa, Mexico City, Hong Kong and Singapore for the 2026 season. While these locations broaden the circuit’s global reach, none possess the longstanding prestige of a national open. By contrast, the DP World Tour has successfully leveraged national opens to expand its brand beyond Europe, tapping audiences in Asia and the Pacific. This experience underscores the strategic value of such tournaments for sponsors and broadcasters. Meanwhile, the DP World Tour is engaged in high‑level negotiations with the PGA Tour to extend a strategic alliance that currently runs until the end of 2027. The PGA is reportedly pushing for a reduced annual financial underpin for DP World prize funds, and the emerging threat from LIV is a key bargaining chip in those talks. Recent player movements have added nuance to the rivalry: the PGA Tour welcomed back Brooks Koepka and Patrick Reed after their departures to LIV, yet the Saudi Public Investment Fund shows no sign of scaling back its ambitious golf project. On the player front, Jon Rahm, who remains with LIV, is slated to address the media at Augusta National ahead of the Masters. Having lost an appeal over fines imposed for playing on LIV, Rahm is currently barred from the Ryder Cup and has refused to settle the penalties, leaving him in strained relations with the DP World Tour. His comments are expected to dominate the pre‑Masters press conference.
#LIV Golf #DP World Tour #PGA Tour
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Sports Apr 05, 2026

MLS Commissioner Praises FIFA's Dynamic World Cup Ticket Pricing Strategy

MLS Commissioner Don Garber supports FIFA's dynamic pricing strategy for World Cup tickets, citing …
Major League Soccer (MLS) Commissioner Don Garber has expressed his approval of FIFA's dynamic pricing strategy for the upcoming World Cup, which has significantly raised ticket prices across all games. The tournament is set to take place in the US, Mexico, and Canada this summer. Garber made these comments in Miami, where he attended the inaugural fixture at Inter Miami's Nu Stadium. He suggested that the high prices resulting from FIFA's dynamic pricing model are justified by the event's exclusivity, stating that Americans are accustomed to such pricing for major events. “FIFA has been smart. They have variable ticket pricing and I'm hoping they'll be providing access to anybody that wants to buy a ticket,” Garber said. “It's not really for me to comment on pricing. [MLS] has nothing to do with that, it's FIFA's decision. But I think it's going to be a premier event and premier pricing Americans are used to.” FIFA's dynamic pricing model has been met with criticism, with some labeling it as “price gouging”. US politicians have also weighed in, writing to FIFA President Gianni Infantino. Supporters' groups have expressed outrage over the rising costs. Recently, FIFA raised the top price of a World Cup final ticket to $10,900, up from $8,600 after the finals draw in December. This represents a significant increase from the $1,600 top price for a World Cup final ticket in Qatar four years ago. Despite the controversy, Garber emphasized that MLS is working to capitalize on the tournament to showcase its growth. Many of MLS' top players, including Lionel Messi and Rodrigo de Paul, are expected to represent their nations during the World Cup. “We're going to be present during the games,” Garber added. “We've just finalized the last shoot for major advertising campaigns. It's the first time we've ever produced anything like that. We'll be advertising in the final and semi-finals with some of our biggest stars that we think will resonate around the world.”
#fifa #pricing #world
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Sports Apr 05, 2026

Brighton Stuns Arsenal in Women's FA Cup, Liverpool Advances to Semifinals

Brighton shocked Arsenal 2-0 in the Women's FA Cup quarterfinals, while Liverpool edged Charlton At…
Brighton pulled off a major upset in the Women's FA Cup quarterfinals, defeating Arsenal 2-0 at Borehamwood. The win extended Arsenal's wait for their first Women's FA Cup title in over a decade. Fran Kirby, a former Chelsea forward, played a crucial role in the victory, providing two assists.Madison Haley opened the scoring shortly after halftime with a superb finish into the top corner, and Caitlin Hayes sealed the win with a header from a deep Kirby corner. Arsenal, who had recently knocked out Chelsea in the Champions League, looked disjointed and below their best.In another match, Liverpool secured a semifinal spot with a scrappy 115th-minute goal from substitute Zara Shaw against Charlton Athletic. Shaw's goal came after a scramble in the box, marking her return to competitive action after a 12-month knee injury.Liverpool manager Gareth Taylor praised Shaw's determination, saying, 'What a story, Zara Shaw, eh? The way people speak about her at the club, it couldn’t have happened to a better person.'Charlton's head coach, Karen Hills, expressed pride in her team's performance, stating, 'I’m so proud of the group. The way they performed today, they were outstanding.'
#brighton #arsenal #liverpool
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Sports Apr 05, 2026

PSV Eindhoven Clinched as Dutch Champions for 27th Time

PSV Eindhoven secured their 27th Dutch championship title with a 4-3 victory against Utrecht, takin…
PSV Eindhoven were crowned Dutch champions for the 27th time on Sunday, with five matches left in the season. This came after second-placed Feyenoord drew 0-0 with Volendam. The Eindhoven-based team bounced back from successive defeats with a 4-3 victory against Utrecht on Saturday, solidifying their position at the top of the table with a 17-point lead. Under the management of Peter Bosz, PSV quickly took control of the title race this season, dropping just four points before the winter break. This victory marks their third successive title for the first time since 2008. Feyenoord, the previous champions in 2023 under Arne Slot, now managing at Liverpool, were unable to catch up. Meanwhile, Dutch giants Ajax, who sit fifth this season, have gone four years without lifting the trophy. PSV's latest title guarantees them a place in the Champions League league phase next season.
#PSV Eindhoven #FC Utrecht #Eredivisie
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Sport Apr 05, 2026

Deontay Wilder Challenges Anthony Joshua for Heavyweight Showdown After Split‑Decision Victory Over Derek Chisora

After edging Derek Chisora by split decision in London, Deontay Wilder publicly challenged Anthony …
Deontay Wilder secured a split‑decision win over Derek Chisora in London on Saturday, prompting the former WBC champion to directly challenge Anthony Joshua for a long‑awaited heavyweight bout.As Wilder exited the arena, he walked past Joshua, exchanged a fist‑bump, and declared, “Let’s do it.” The American added, “I’m ready for whoever is in the heavyweight division. Call me Mr Clean because I want to clean up the whole division.”Wilder, who holds a record of 45‑4‑1 with 43 knockouts, faced a resilient Chisora who fought his 50th professional contest. The British veteran, aged 42, fell to a split decision with judges scoring the bout 115‑111, 112‑115 and 115‑113 in Wilder’s favour.Joshua, who last fought in December when he knocked out Jake Paul, has since recovered from a serious car accident in Nigeria that claimed two of his close friends. Promoter Eddie Hearn told Fight Hub TV that Joshua would have “no problem” taking the fight, noting the British boxer stared at Wilder “ice‑cold” but would accept the challenge.Historically, Wilder was the WBC champion when Joshua held the WBA, IBF and WBO belts, but a unification bout never materialised after Wilder’s loss to Tyson Fury and Joshua’s defeat to Oleksandr Usyk, who later unified the titles by beating Fury in May 2024.Chisora, whose record stands at 36‑14 with 23 knockouts, acknowledged the end of his fighting career after the loss. Speaking beside his son Zion, he said, “I’m tired now. I can’t do it any more… I’ve had a great career.” While he hinted he might stay involved in boxing in another capacity, he stopped short of confirming a comeback.The potential Wilder‑Joshua clash now looms as the heavyweight division seeks a new marquee matchup, with both fighters positioning themselves as the next dominant force.
#wilder #chisora #joshua
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World Apr 05, 2026

Paris’s 12‑Year Shift from Car‑Centric Streets to a Bike‑Friendly 15‑Minute City

Over the past dozen years, Paris transformed its streets by planting 155,000 trees, adding hundreds…
When Corentin Roudaut arrived in Paris a decade ago, he swapped his student‑era bike for a car, daunted by the city’s traffic and lack of cyclist protection. After a protected lane opened on Boulevard Voltaire in the 11th arrondissement, he reclaimed his two‑wheel commute and now volunteers with the cycling advocacy group Paris en Selle, witnessing a city that has shed its car‑centric image.Roudaut notes that the shift “started slowly but really accelerated in the last ten years,” with a growing network of bike routes that is becoming safe and nearly complete in many districts.Mayor Anne Hidalgo’s 12‑year agenda reshaped Paris’s urban fabric. Since taking office in 2014, her administration planted 155,000 trees, created several hundred kilometres of segregated bike lanes, pedestrianised 300 school streets, and banned cars from the banks of the Seine. Former parking spaces have been turned into green plazas and café terraces, reducing the risk of children being hit while walking to school.As Hidalgo departs on Sunday, her legacy is touted as a blueprint for progressive European cities, especially as some national governments retreat from green initiatives.Nevertheless, the reforms have sparked pushback. Motorists object to the loss of road space, and recent referendums on higher parking charges for SUVs and further school‑street pedestrianisation suffered low voter turnouts. Right‑wing mayoral candidate Rachida Dati described the new public‑space regime as “anxiety‑inducing,” though she stopped short of promising a reversal.In a candid interview, Hidalgo described the Seine‑bank pedestrianisation as “a tough battle” that, once won, left residents reluctant to revert to car traffic. She highlighted a generation of children who have never known cars on those riverbanks, prompting awe‑filled reactions from visitors.Urban scholars attribute the rapid change to Paris’s tight administrative boundaries, which limit suburban influence on city transport decisions, and to groundwork laid by previous mayors. Yet they stress that political courage was essential to implement measures that inconvenienced drivers while delivering social and environmental benefits.Environmental epidemiologist Audrey de Nazelle of Imperial College London, a Paris native, praised the transformation as “fabulous” and warned that many cities lack the bravery to pursue similar legacies.A recent report placed Paris among 19 global cities that cut two major toxic air pollutants between 2010 and 2024. While Brussels and Warsaw saw faster declines in fine‑particle matter, London outpaced Paris in reducing nitrogen‑dioxide levels.By contrast, Berlin—despite opening a new inner‑city motorway and scrapping 30 km/h speed limits on key streets—still records a higher share of cyclists than Paris.Transport researcher Giulio Mattioli argues that Paris simply needed to add bike lanes to unlock latent demand, noting that the city started from a lower baseline but quickly caught up with peers.However, the transformation remains uneven. The extensive suburbs continue to be dominated by cars, hemmed in by the 35 km Boulevard Périphérique ring road. Analyst Jean‑Louis Missika of think‑tank Terra Nova stresses that “as long as this motorway encircles Paris, the Greater Paris metropolis will remain an administrative construct devoid of urban reality.” He calls for dismantling or repurposing the ring road to achieve a truly post‑car metropolis.
#paris #city #cars
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