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The Guardian's Direct-to-Consumer PushThe Guardian is doubling down on its direct-to-consumer approach by actively promoting its Business Today newsletter. This initiative aims to capture the high-value financial audience directly, offering a curated daily digest of market movements and economic analysis.The Resurgence of the Newsletter FormatIn an era where social media algorithms are increasingly opaque, the newsletter model offers a reliable channel for financial news. By providing a free, daily email, the Guardian is positioning itself as a trusted source for business intelligence.Direct access to subscribers without platform gatekeepers.Curated content focusing on high-impact financial stories.Establishment of a recurring revenue stream through paid subscriptions.The Future of Daily Briefing ModelsThe promotion of Business Today signals a broader industry trend where legacy publishers prioritize owned channels over rented ones. We predict a continued rise in specialized financial newsletters as investors seek clarity amidst market volatility.

The Road to the 2026 World Cup Saudi Arabia has qualified for the 2026 World Cup, but their journey has been marked by significant changes. Hervé Renard was fired as head coach in April and replaced by Georgios Donis, who had to pick his squad without overseeing a game. Donis, a Greek winger formerly of Blackburn, has coached four Saudi Pro League clubs and knows the league and players, which is why he got the job. His first competitive game as head coach will be against Marcelo Bielsa and Uruguay. The Coach's Challenge Donis faces a tough task in preparing his team for the World Cup. The team's previous coach, Hervé Renard, had a successful stint from 2019 to 2023, overseeing a famous win against Argentina at the Qatar World Cup. However, his second spell was underwhelming, and the team scraped through qualification. Star Player: Salem Al-Dawsari Salem Al-Dawsari is Saudi Arabia's star player. The Asian Player of the Year scored the winning goal against Argentina in 2022 and has consistently been one of the stars of Al-Hilal, cutting in from the left to maximum effect. One to Watch: Musab Al-Juwayr Musab Al-Juwayr is 22, but has already made more than 30 appearances for the Green Falcons. More is still expected of the creative midfielder who won the Saudi Pro League’s Most Promising Player award last season for his vision, passing skills and ability to slow things down when others are rushing around. Unsung Hero: Firas Al-Buraikan Firas Al-Buraikan is an important player for Saudi Arabia. Saudi strikers get a bad press, but Al-Buraikan has scored goals when given time and opportunities. He hasn’t quite become the undisputed No 9 for his country that many expected, but never stops working or running. Probable Starting XI The probable starting XI for Saudi Arabia includes: Goalkeeper: Mohammed Al-Owais Defenders: Omar Hawsawi , Ali Al-Bulaihi , Hassan Kadesh , Saud Abdulhamid Midsfielders: Nasser Al-Khateeb , Abdullah Otayf , Salman Al-Faraj Forwards: Salem Al-Dawsari , Firas Al-Buraikan , Moussa Marega What to Expect from Fans at Games Saudi Arabian fans are expected to be well-represented at the World Cup, with ticket sales described as “steady” from fans in the country and with the Saudi community in the United States. There should be a few thousand in Miami, Atlanta and Houston. Relationship with the US/Trump Saudi Arabia has a close relationship with the US, being one of President Trump's favourite countries. However, Saudi Arabian players and staff don't make political statements as a matter of course.

The LeadOnce a symbol of national unity and joy, Iran's World Cup qualification now reflects deep political divisions. The national football team's relationship with the public has transformed amid social unrest and political tensions following the death of Mahsa Amini.The Cultural Significance of Football in IranIranian filmmaker Abbas Kiarostami captured the profound importance of football in Iranian society through his film "Life, and Nothing More..." set during the 1990 World Cup. The film depicted a villager, despite having lost family members in an earthquake, adjusting a television antenna to watch Argentina play Brazil. Kiarostami later wrote about this scene: "This sequence is directly drawn from a similar experience during my trip to the earthquake-stricken region in the early days after the disaster. [The man] had his left arm in a cast, was shirtless, and with his right hand was striking one stone against another at the base of the antenna to secure it. I saw that after that event, what mattered there was life – and then football."The Evolution of National PrideAt one time, football and the World Cup held such importance for Iranians that they symbolized hope for continuing life. Qualifying for the 1998 World Cup – after defeating Australia over two legs – was celebrated for years like a national occasion, with special programs, interviews, and repeated broadcasts of match highlights on national television. Four decades later, football – and specifically the national team – has become one of the most controversial aspects of Iranian life at a critical historical moment; a controversy with roots in politics and Iran's collective memory.The Changing Landscape of CelebrationIran have missed two World Cups since 1998 and each qualification has been accompanied by street celebrations – except the most recent one. While videos of past qualification celebrations are easily found online, there are virtually no videos on social media of festivities marking qualification for this World Cup. A segment of Iranian society began distancing itself from the national team after September 2022, when the death of Mahsa Amini in police custody triggered one of the most intense waves of protests since the Islamic Revolution. These protests became known as the "Woman, Life, Freedom" movement.The Political DivideAt the time, just before the Qatar World Cup, protesters believed national-team players had not taken a clear stance against the suppression of the demonstrations. Even the players' act of solidarity before the first match, against England, standing in silence during the national anthem in memory of those killed in the unrest, did not bring protesters closer to the team. From that point, for some Iranians, the national team became "the regime's team," and this divide has widened.The Economic and Social ContextEconomic pressure, declining purchasing power and the shadow of war (which had not yet happened) contributed to football's importance for Iranians falling to its lowest level in decades. There is a stark contrast to the atmosphere around the 2014 World Cup, when even a 1–0 loss to Argentina in the second group game led to hopeful street celebrations. During the 2018 World Cup the team's matches were shown on the big screens at Azadi Stadium and received a great response.The Future of Iranian FootballNima, 42, who has lived outside Iran for years, says: "Iran's national team has gone from being a team that represented the people during the war with Iraq or the 1998 World Cup, to a team that now promotes the regime. That's why I no longer care what results they get." This sentiment reflects a growing divide between the national team and a significant portion of the Iranian population, suggesting that football's role in Iranian society may continue to evolve in response to political and social changes.

The AI Token Bill Comes Due Across the industry, companies are starting to balk at the price of AI. Uber blew through its entire 2026 AI coding budget by April. Microsoft revoked its developers' Claude Code licenses months after enabling them. A Priceline employee told TechCrunch that a routine Cursor contract renewal came back 4-5x more expensive. The Token Consumption Problem Even though per-token prices have fallen, the push for more AI adoption and increasingly autonomous agents have driven token consumption higher and higher. Companies that gorged themselves in early 2025 on all-you-can-eat subscriptions are now scrambling to understand where their money is going, pull back spending, and figure out whether they can salvage some ROI from the wreckage of their budgets. The Data Analysis Uber blew through its entire 2026 AI coding budget by April. Microsoft revoked its developers' Claude Code licenses months after enabling them. A Priceline employee reported a 4-5x increase in Cursor contract renewal costs. Goldman Sachs projects global token usage to multiply by 24 times by 2030. The Impact Analysis The industry is responding to the challenge with a mix of new tools, standards, and approaches. Startups, established vendors, and a new standards body, the Tokenomics Foundation, are racing to give companies the tools and language to track what they spend. The Linux Foundation's Tokenomics Foundation aims to instill cost discipline around AI tokens, similar to FinOps for cloud spend. The Prediction The Tokenomics Foundation is building a canonical definition and framework for 'tokenomics,' open standards, specifications, and metrics for AI token usage and billing. The industry is expected to adopt more efficient and cost-effective approaches to AI token management, with a focus on broad, moderate adoption rather than pushing heavy users higher.

The Lead: Trump's Legal Team Rejects BBC Financial Disclosure RequestDonald Trump's legal team has rejected a request by the BBC to hand over financial information as part of his $10bn defamation case against the broadcaster. The US president's lawyers accused the BBC of a "fishing expedition," according to court filings, after the broadcaster's representatives asked for details to get evidence on Trump's claims he suffered reputational and financial damage by a Panorama documentary centred on the US Capitol riots.The Event Details: BBC Documentary and Editing ControversyTrump accused the BBC of "intentionally, maliciously, and deceptively doctoring" a speech he gave on 6 January 2021, before the unrest in Washington in which thousands marched and broke into the US Congress. The BBC had spliced together two parts of a speech made by Trump, as part of the documentary broadcast in October 2024. Four people died on the day, with five police officers dying afterwards, including from suicide.The Financial Impact: $10bn Lawsuit and Asset Disclosure BattleAccording to the court documents lodged in Miami, Florida, in May, the BBC had asked for financial papers on the Donald J Trump Revocable Trust, which holds the president's business interests and assets. Lawyers had asked for records that would show its income, assets, and properties held. It also listed hundreds of companies that fall under the trust's remit. In response Trump's Florida-based lawyers Brito PLLC said the request was "disproportionate" and "encompasses individuals and entities that have no connection to the issues in dispute".The Impact Analysis: Legal Maneuvering and Media Freedom ConcernsThe dispute centres over a broadcast of the BBC's flagship documentary series on the Capitol riots. A clip in the broadcast suggested Trump told the crowd: "We're going to walk down to the Capitol and I'll be there with you, and we fight. We fight like hell." However, the words were taken from separate parts of his speech almost an hour apart. The BBC later retracted it and apologised, saying it would not be shown again. Trump's lawyers have previously argued the BBC's documentary caused him "direct harm" to his "brand, properties and business".The Prediction: Ongoing Legal Battle and Potential PrecedentsIn March the BBC asked a US court to throw out the lawsuit as it would have a "chilling effect" on its reporting of the president. In court filings it denied it had damaged his reputation as it aired shortly before his re-election, and was not shown in the US. BBC lawyers argued as it was not broadcast in the US, or in Florida, the court had no jurisdiction to hear the case. The dismissal claim is still ongoing. The Financial Times reported that the Trump team had attempted to delay the case and requested a change in judge. In a statement to the FT, a spokesperson for Trump's legal team said the BBC had "intentionally and maliciously defamed" the president "by distorting and manipulating his speech". "No amount of attempted legal manoeuvres can change that fact," the spokesperson added. "President Trump will continue to hold accountable the BBC and all those who traffic in fake news." The BBC said it had no comment.

Tim Cook Announces September Exit, John Ternus Named SuccessorTim Cook confirmed he will leave the CEO chair in September 2026, passing the reins to hardware chief John Ternus. The move marks the end of a decade‑long tenure that saw Apple become the world’s most valuable company.Cook’s tenure: 2011‑2026Ternus’ current role: Senior Vice President of Hardware EngineeringTransition timeline: Announcement now, handover in SeptemberSpaceX’s $60 B Option to Acquire CursorIn a parallel development, Elon Musk’s SpaceX has secured a $60 billion option to purchase the AI‑powered coding assistant Cursor. The deal, discussed on TechCrunch’s Equity podcast, underscores Musk’s interest in AI tools that could accelerate software development for his ventures.Deal size: $60 billion optionTarget: Cursor, an AI‑driven code‑completion platformPotential strategic fit: Enhancing SpaceX’s internal tooling and broader AI ecosystemImplications for Apple’s Developer Ecosystem and Startup LandscapeThe leadership shift arrives as Apple’s App Store 30% commission faces regulatory pressure and developers explore alternative distribution models. Ternus will inherit a platform where “vibe‑coded” apps are reshaping user experiences, and where Apple’s historical leverage over developers is waning.App Store commission scrutiny intensifies worldwideRise of “vibe‑coded” apps challenges traditional iOS developmentStartups may see new partnership opportunities under Ternus’ hardware‑first visionWhat the New Leadership Could Mean for Apple’s FutureAnalysts anticipate Ternus will double down on hardware integration while seeking new revenue streams beyond the App Store. If Apple can align its hardware roadmap with emerging AI tools like Cursor, the company could reinforce its ecosystem and stave off competitive pressures.Potential focus areas: AR/VR hardware, AI‑enhanced servicesStrategic risk: Balancing developer goodwill with profitabilityOutlook: Strong, but dependent on regulatory outcomes and AI integration success

The Stalled 'Reset' and the July DeadlineThe UK-EU relationship is at a critical juncture as the second 'reset' summit since Brexit faces potential delays. Originally penciled in for June 29, the date has tentatively shifted to July 13, though diplomatic sources suggest it could be pushed back to the autumn. The primary concern among EU officials is the loss of momentum; without a hard deadline, the pressure to finalize agreements diminishes, leading to a negotiation style where deals are often struck only at the last minute.The Youth Mobility Scheme as the Critical Friction PointThe central obstacle to the summit is the deadlock over the Youth Mobility Scheme, which allows under-30s to travel and work in the partner country. The disagreement is structural: the EU insists that its citizens studying in the UK under this scheme must pay 'home' tuition fees, while the UK government is pushing to cap the annual number of EU citizens at between 40,000 and 50,000.EU Position: The scheme is viewed as an investment in the future, with 20 out of 27 EU ministers emphasizing its importance during recent talks.UK Position: Business Secretary Peter Kyle argues that any deal must be 'respectful' of both sides, specifically noting the need to address British voters' concerns regarding migration.The Strategic Value of Youth MobilityBeyond the immediate trade friction, the youth mobility scheme represents a soft-power asset for the EU. EU Trade Commissioner Maroš Šefčovič highlighted its personal and political significance, noting that his own daughter studied in the UK and speaks with a British accent. This personal investment reflects a broader European desire to maintain cultural and educational ties, making the scheme a 'red line' for EU leaders who view it as essential for future cooperation.Future Outlook: The Risk of a Delayed SummitThe biggest risk to the July summit is the lack of transparency and a defined timeline. EU diplomats have expressed frustration that the UK's vision remains unclear, making it difficult to expedite a deal. However, both sides remain optimistic. Kyle described his recent meeting with Šefčovič as 'positive' and full of 'hope and optimism.' The success of this summit will likely depend on whether the UK can demonstrate that the EU delivers tangible benefits to British citizens, thereby winning over public opinion while navigating the tightrope of migration policy.

The Ongoing Conflict Israel has continued to launch attacks on southern Lebanon despite the two countries striking a new United States-brokered ceasefire agreement. At least five people were killed as Israeli warplanes and drones struck several towns on Friday, Lebanon’s state-run National News Agency (NNA) reported. The Israeli military also issued new forced displacement orders. The Attacks and Casualties The strikes hit residential areas, buildings and roads, while a major demolition was carried out in Bab al-Thaniya. Israeli warplanes also hit close to Jabel Amel Hospital, targeting the Bank Audi area. Two people were killed in Habboush, including a doctor. In Doueir, a young man was killed and another suffered serious injuries due to an attack by an Israeli warplane. A strike in the village of Qalawiya Tower killed one person and wounded another, while a drone killed a man sitting in a car in Kfar Reman. The Ceasefire Agreement The attacks followed closely on news that Israel and Lebanon had agreed to a new US-brokered ceasefire. The deal was announced by the Trump administration on Thursday, just weeks after a previous agreement to cease hostilities was announced on April 16. The Impact on Lebanon In the interval, however, more than 600 people were killed in Israeli strikes across Lebanon, while the Israeli military expanded its presence in the south of the country. It now occupies about one-fifth of Lebanese territory. The chance that the new deal will halt the hostilities appears highly unlikely, with the continued exchange of fire between Hezbollah and Israel appearing to bear out the pessimism. The Rejection of the Deal Hezbollah leader Naim Qassem was swift to reject the deal, as he had the agreement in April, dubbing it a “surrender and defeat”. The Iran-linked armed group said it had launched at least eight attacks against Israeli military positions in southern Lebanon between early Friday morning and Friday afternoon. The Diplomatic Efforts Andrea Dessi, assistant professor at the American University of Rome, told Al Jazeera that any agreement that excludes Hezbollah is destined to fail. “Any deal that excludes or completely ignores the prerogatives of key actors on the ground, primarily Hezbollah, but of course also Iran behind Hezbollah, is unfortunately destined to fail,” Dessi told Al Jazeera. He said diplomacy, nonetheless, remains the only viable path. “There is no military solution to all of these issues, including Lebanon, and therefore talks will continue.”

The £24m Gamble at EpsomTwenty months after embarking on a remarkable £24m spending spree on yearlings at Tattersalls' Book 1 sale in Newmarket, football "super-agent" Kia Joorabchian stands at the threshold of potentially the biggest payoff of his career. As the 247th running of the Epsom Derby approaches, Joorabchian will watch two of his high-profile acquisitions, Poker and Ancient Egypt, compete in the premier Classic, with the outcome potentially reshaping his position in the elite world of international horse racing.The Bloodstock Investment BreakdownThe contrasting stories of Joorabchian's two Derby hopefuls illustrate the uncertainties and potential rewards of high-end bloodstock investment. Poker, the most expensive yearling colt ever sold at public auction in Europe, cost 4.3m gns (£4.5m) but has yet to win even a novice event in three attempts, starting as a 200-1 outsider to become the first maiden to win the Derby since 1887.In stark contrast, Ancient Egypt was purchased for 1.1m gns (£1.2m) – approximately a quarter of Poker's price tag – and has already established himself as a serious contender with three wins from four starts. The son of Frankel, out of a full-sister to a Group One-winning mare, represents Joorabchian's more calculated investment, with the Derby being the primary target when the colt was acquired.The Financial Calculus of Racing RoyaltyWhile the total purse for this year's Derby stands at £2m, with approximately half going to the winner's connections, the financial considerations extend far beyond prize money. For Joorabchian, the £24m investment represents an ambitious entry into the exclusive world of international Flat racing, an arena traditionally dominated by individuals with sovereign wealth from Dubai, Qatar, and Saudi Arabia.The true value lies in establishing a virtuous loop between racing success and breeding potential. A Derby-winning son of Frankel would represent an elite stallion prospect, potentially worth many times the original investment through future breeding rights. This strategic approach mirrors the model employed by John Magnier's Coolmore Stud operation, which has dominated European racing for decades.Challenging Establishment in Horse RacingJoorabchian's venture represents a significant shift in the ownership landscape of elite horse racing. For decades, the sport's premier events have been dominated by homebred horses from established operations like Godolphin, Coolmore, and the Aga Khan, as evidenced by last year's Derby where the first nine finishers included multiple homebred champions.Charlie Johnston, Ancient Egypt's trainer, acknowledges the unique position of his high-profile charge: "You try and tell yourself that from the moment they walk through the door, they all get treated the same regardless of price tag or pedigree, but let's say that, as George Orwell would say, all animals are equal but some are more equal than others." The pressure to deliver on such a significant investment is immense, yet Johnston remains focused on the task at hand.The Road to Racing LegacyShould Ancient Egypt triumph at Epsom, it would mark not only a remarkable return on Joorabchian's investment but also a historic achievement for Johnston. The Yorkshire-based trainer would become the first to saddle a Derby winner since 1869, continuing a family legacy built by his record-breaking father, Mark."There would have been time [for another run before the Derby] but I just felt he'd done enough to book his ticket for Epsom," Johnston explains of his decision to bypass additional prep races. With Ancient Egypt's proven pedigree, including connections to six-time Group One-winner Midday, and a developing race record that could complement his breeding potential, the stage is set for what could be a transformative day for both horse and owner in the world of elite horse racing.