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Amazon’s $11.57 B Deal to Secure Globalstar’s Satellite AssetsOn April 14, 2026, Amazon disclosed a cash transaction of **$11.57 billion** (about **$90 per share**) to acquire Globalstar, the satellite operator that powers Apple’s Emergency SOS feature. The purchase gives Amazon full control of Globalstar’s satellite constellation, ground infrastructure, and mobile‑satellite‑service spectrum licenses, bolstering the company’s nascent satellite business, Amazon Leo.Deal Structure and What Amazon GainsThe agreement transfers:All of Globalstar’s existing low‑Earth‑orbit satellites (currently **24** operational, with agreements for **50+** new units).Ground stations, network operations, and spectrum licenses needed for direct‑to‑device services.Ongoing contracts with customers such as Delta Airlines, AT&T;, Vodafone, Australia’s NBN, and NASA.Alongside the acquisition, Amazon signed a continuation agreement with Apple to keep providing satellite connectivity for iPhone and Apple Watch users.Financial Scale and Satellite Fleet NumbersThe transaction’s headline figures illustrate the market’s valuation of satellite connectivity:Deal value: **$11.57 billion** in cash.Share price: **$90** per Globalstar share.Amazon Leo’s planned constellation: **>3,200** satellites, though only **~200** have launched to date.FCC deadline: Amazon must have **~1,600** satellites in orbit by **July 2026**.Starlink comparison: **>10,000** satellites serving 150+ countries.Strategic Implications for Amazon Leo vs. StarlinkAcquiring Globalstar gives Amazon immediate access to:Established spectrum in the 1.6 GHz band, critical for low‑latency, direct‑to‑device links.A ready‑made customer base in aviation, telecom, and government sectors.Technical expertise and launch contracts (including a SpaceX agreement for replacement satellites).Combined with the recent showcase of a high‑speed antenna for commercial jets, Amazon is positioning Leo to compete directly with Starlink in the high‑value aviation and enterprise markets, while leveraging Apple’s ecosystem for consumer‑grade emergency services.Outlook: Timeline for Amazon Leo and Market ShiftsKey milestones ahead:Late 2026 – Initial commercial rollout of Amazon Leo’s direct‑to‑device services using Globalstar’s existing constellation.2028 – Deployment of Amazon’s own “thousands of advanced satellites” to enable a global, low‑latency network supporting “hundreds of millions of customer endpoints.”Mid‑2027 – Expected FCC approval of the extended satellite count deadline.If Amazon meets these targets, the satellite‑internet market could see a three‑way split among Starlink, Amazon Leo, and emerging regional players, driving down prices and expanding coverage for aviation, maritime, and remote‑area users.

The Food and Agriculture Organization (FAO) has issued a stark warning: if the Strait of Hormuz remains blocked by the ongoing US‑Israel conflict with Iran, the world could face a food ‘catastrophe’. The disruption is already halting shipments of vital agricultural inputs, a situation that could quickly cascade into higher food prices. FAO chief economist Maximo Torero told Al Jazeera that, for now, food prices have stayed stable because existing stockpiles are absorbing the shock. However, he cautioned that this buffer is temporary and that “the clock is ticking.” FAO agrifood economics director David Laborde added that if traffic does not resume, the resulting strain on energy and fertilizer markets will translate into “higher commodity and retail prices later this year and into 2027.” According to the FAO, 20‑45% of key agrifood inputs—including fertilizers, pesticides and feed—depend on maritime passage through the Hormuz chokepoint. Nearly half of the world’s traded urea, the most widely used fertilizer, also moves through the strait, making global agriculture highly vulnerable. Recent gas supply disruptions have already forced fertilizer plants in the Gulf and beyond to cut or halt production, raising concerns that farmers may have to reduce fertilizer use or face higher production costs. Torero emphasized that poorer countries are especially at risk because planting calendars leave little room for delays; a slowdown in input delivery could quickly lead to “lower output, higher inflation and slower global growth.” The blockade stems from Iran’s decision to bring traffic to a near‑total halt in retaliation for attacks by the United States and Israel, which launched a war on Tehran on 28 February, resulting in the death of Supreme Leader Ayatollah Ali Khamenei. The conflict has already doubled oil and gas prices compared with pre‑war levels. Negotiations between Iranian and US representatives over a 21‑hour marathon failed to secure a permanent ceasefire. Subsequently, US President Donald Trump announced a naval blockade, stating that the navy would interdict ships in international waters that had paid Iran a toll to traverse the strait. The US military later declared it would block all maritime traffic entering and exiting Iranian ports, including those in the Gulf and the Gulf of Oman. FAO officials stress that decisive action—both a sustained ceasefire and the reopening of the waterway—is essential to prevent the looming food crisis from becoming a full‑blown catastrophe.

The recent conflict in the Gulf has served as a harsh wake-up call for the British public regarding the state of the UK's armed forces. While air defence systems and fighter jets were swiftly deployed, the delayed arrival of a single destroyer, HMS Dragon, to Cyprus underscored concerns about Britain's military preparedness. Former Nato secretary general George Robertson criticised Keir Starmer for showing a 'corrosive complacency towards defence', warning that this put the UK in peril. In response, ministers pointed to 'decades of underinvestment' by previous governments and announced plans for the largest sustained increase in defence spending since the Cold War. The Ministry of Defence aims to spend 3.5% of GDP on defence by 2035. However, defence analysts argue that the UK's military has suffered from a 'lethal combination' of Treasury hostility to defence spending and the Ministry of Defence prioritising investment in ships and aircraft over the army. The British army has shrunk significantly since 1991, from 155,000 troops to 75,000 troops, with a reduction in armoured and infantry brigades. Defence experts, such as Ben Barry of the International Institute for Strategic Studies, blame this decline on inadequate resource allocation. Matthew Savill, director of military sciences at the Royal United Services Institute, notes that the UK has a decent spread of reasonably modern capabilities but faces several problems, including a lack of mass and reliance on allies. 'We've cut a lot of corners and in many cases we rely on our allies. That means we're particularly reliant on the US and others in certain areas and it can come back to bite,' Savill added. Britain's commitment to increase defence spending to 2.5% of GDP from April 2027 is more ambitious than France's, but experts suggest that the UK can learn from France's approach. The UK's plans have been influenced by Poland's military transformation, which has seen defence spending rise to 4.8% of GDP, the highest among Nato countries.

Amazon disclosed on Tuesday that it will acquire satellite operator Globalstar for $11.57 billion, a strategic step to expand its fledgling Kuiper broadband system and directly confront Elon Musk’s Starlink network. The transaction grants Amazon immediate control of Globalstar’s low‑Earth‑orbit constellation of roughly two dozen satellites, bolstering a platform that currently competes with Starlink’s fleet of about 10,000 satellites in orbit. Under the agreement, Globalstar shareholders may elect to receive either $90 in cash per share or 0.3210 shares of Amazon common stock for each share they own. Amazon aims to launch about 3,200 Kuiper satellites by 2029, with roughly half required to be operational by the July 2026 regulatory deadline. The company already manages a network of more than 200 satellites and plans to roll out its satellite‑internet service later this year. In contrast, Starlink presently serves over 9 million customers worldwide. Louisiana‑based Globalstar, known for powering Apple’s “Emergency SOS” feature, operates the current constellation and expects to expand to 54 satellites under an Apple‑backed development program that includes a few backup units. Beyond voice and data, Globalstar provides asset‑tracking solutions to enterprise, government and consumer markets. Simultaneously, Apple—having invested roughly $1.5 billion in Globalstar—has signed an agreement with Amazon to continue supporting satellite‑based safety functions such as Emergency SOS and Find My for iPhone and Apple Watch users. The acquisition is slated to close in 2027, subject to regulatory approval and the achievement of specific satellite‑deployment milestones by Globalstar.

The International Monetary Fund (IMF) has issued a stark warning that a further escalation in the Iran war could lead to a global recession, spiralling inflation, and a sharp backlash in financial markets. The Washington-based fund cited the economic damage from the Middle East conflict as steadily rising, prompting it to cut its growth forecasts for 2026.In its half-yearly update, the IMF predicted that the UK would suffer the sharpest growth downgrade and joint highest inflation rate in the G7 this year. Even if the fallout from soaring energy costs can be contained by the middle of 2026, the fund warned of a close call for a global recession under a worst-case 'severe scenario'.This severe scenario, involving a drawn-out war and persistently higher energy prices, would see the world face a global recession for only the fifth time since 1980. Oil prices jumped back above $100 (£74) a barrel on Monday amid choppy trading in global markets. The IMF's chief economist, Pierre-Olivier Gourinchas, noted that despite a temporary ceasefire, some damage is already done, and downside risks remain elevated.The IMF set out three possible scenarios for the war in its World Economic Outlook (WEO), including a central 'reference forecast' based on the assumption that disruption to the world economy from the war fades by mid-2026. This forecast predicts global growth would fall from 3.4% last year to 3.1% in 2026, a downgrade of 0.1 percentage points.Under the adverse scenario, with the global oil price remaining at $100 this year before falling back to $75 in 2027, growth would fall to 2.5% this year, and inflation would rise to 5.4%. In the severe scenario, with a lengthier, intensive war keeping the oil price above $110 into 2027, global growth would collapse to about 2%, a threshold widely seen as equivalent to a worldwide recession.The IMF urged countries to stage a coordinated response to the economic fallout from the war and called on central banks to remain vigilant. It also advised governments to focus on temporary and targeted measures to support businesses and households.

Matt Crocker, US Soccer’s sporting director, announced his departure on Tuesday, moving to a similar role with the Saudi Arabia football federation with under two months remaining before the 2026 World Cup. US Soccer said the responsibilities formerly held by Crocker will be divided among COO Dan Helfrich, assistant sporting director Oguchi Onyewu, women’s youth national team development head Tracey Kevins, and the broader sporting leadership team. US Soccer CEO JT Batson praised Crocker, stating, “Matt helped guide important steps across our sporting organization, and we’re grateful for his contributions.” He added that the federation remains “well positioned to make the decisions needed in the short, medium, and long term.” Crocker, hired in 2023 after Earnie Stewart left for PSV Eindhoven, arrived with a strong pedigree from English football, having served as technical director at Southampton and later for England (2013‑2020), where he was tasked with modernising the national team’s playing style. During his US tenure, Crocker oversaw all national‑team operations, including youth programmes, and was chiefly responsible for senior‑team coaching appointments. His first high‑profile decision was to re‑hire Gregg Berhalter as USMNT manager after a brief contract lapse and a complex investigation involving player Gio Reyna and past domestic‑violence allegations. Following Berhalter’s second stint, which ended with a group‑stage exit at the 2024 Copa América, Crocker secured Mauricio Pochettino as his successor at the end of 2024. Under Pochettino, the United States have recorded 10 wins, 1 draw, and 7 losses in 16 matches, including recent defeats to Belgium and Portugal in March friendlies. On the women’s side, Crocker recruited Emma Hayes from Chelsea in late 2023 after Vlatko Andonovski’s departure. Hayes guided the USWNT to Olympic gold in 2024 and has the squad positioned as a contender for the 2027 Women’s World Cup in Brazil. Reflecting on his time, Crocker said, “It has been a privilege to be part of US Soccer during such an important period for the sport in this country. I’m grateful for the people I’ve had the opportunity to work with across the federation, from our coaches and players to our technical and administrative staff.” Meanwhile, Saudi Arabia’s national‑team structure is in flux ahead of its own 2026 World Cup appearance. Reports suggest head coach Hervé Renard may depart, and technical director Nasser Larguet is expected to step down, signalling a broader overhaul of the federation’s leadership.

England Test captain Ben Stokes has moved to play down suggestions of a disagreement between himself and Brendon McCullum, the England head coach, despite the challenging Ashes series that raised questions about their tactical alignment.In a recent video released by the England and Wales Cricket Board, Stokes stressed that he and McCullum share the same overall vision for the team, but acknowledged that their approach might look 'different' this summer. He emphasized that agreeing on every single thing would be 'unhealthy' and that their discussions are crucial to achieving their goals.Stokes highlighted that he and McCullum are 'similar' but also 'dissimilar' in certain areas, which leads to constructive discussions about their strategy. He confirmed that they agree 95% of the time, and the remaining 5% is addressed through open dialogue.The England captain was keen to retain McCullum as head coach after the 4-1 Ashes defeat and has publicly expressed confidence in their ability to work together effectively. Despite reports suggesting they criticized each other during the ECB's internal review, Stokes and McCullum have maintained a united front.Looking ahead, the team's approach to cricket will be closely watched during the upcoming visits by New Zealand and Pakistan this summer, followed by tours to South Africa and Bangladesh next winter, and the home Ashes in 2027.Stokes concluded that he and McCullum are committed to making the team as good as possible and that their alignment towards winning is unwavering, even if their methods might evolve over time.

World Aquatics has announced that Russian and Belarusian athletes will be allowed to compete under their national flags and anthems in international swimming and aquatic sports events. This decision marks the end of restrictions imposed after Russia's invasion of Ukraine in February 2022. The move follows a similar decision by the International Paralympic Committee, which allowed Russian and Belarusian athletes to compete under their own national flags at the 2026 Winter Paralympics. Senior athletes with Belarusian or Russian sport nationality will be permitted to compete in World Aquatics events in the same way as their counterparts representing other sport nationalities, with their respective uniforms, flags and anthems. To compete, athletes from Russia and Belarus must pass at least four consecutive anti-doping controls. World Aquatics President Husain Al Musallam stated, 'We are determined to ensure that pools and open water remain places where athletes from all nations can come together in peaceful competition.' This decision signals a further easing of limits on Russian and Belarusian athletes, who have been allowed to compete as neutrals since September 2023. The next world swimming championships will take place in Budapest, Hungary, in 2027.

Relentless drama unfolded at Aintree on Saturday as I Am Maximus clinched a second Grand National win, joining an exclusive club that includes the legendary Red Rum. The race saw all 34 runners finish without serious injury, underscoring the event’s safety despite its reputation for chaos.The victory marks I Am Maximus as only the third horse since the mid‑1930s to win the National twice, and the first to achieve the feat in non‑consecutive years since Red Rum’s 1974 triumph. Having finished a close second in 2025, the gelding now sits second only to Red Rum in the all‑time Aintree hierarchy.Trainer Willie Mullins admitted the horse’s temperament could spark a bar‑room brawl, recalling a “lairy” incident at a village parade two years ago. “He’d eat you without salt,” Mullins joked, suggesting future photo‑ops may be limited if the horse’s spirit remains untamed.Owner JP McManus, who celebrated a record fourth National win on the day, is expected to aim the champion at next year’s race. If I Am Maximus stays sound, a 2027 return could become one of the season’s marquee storylines.Betting markets reflected the horse’s popularity: a widely reported £100,000 wager at 8‑1 odds was placed before the race, and the gelding entered as the 9‑2 favourite, positioning him among the shortest‑priced favourites in National history. The only cheaper price on record belongs to Poethlyn, who opened at 11‑4 in 1919.Age also played a role. I Am Maximus’s win makes him the first horse older than nine to win since Pineau De Re’s 2014 victory. By comparison, Red Rum captured his third National at age 12 in 1977, but modern course changes have generally favoured younger runners.Unlike Tiger Roll, whose third attempt was thwarted by owner Michael O’Leary’s weight objections, I Am Maximus has already carried top weight to victory, demonstrating a robustness that may appeal to McManus for future campaigns.With the horse’s celebrity status soaring, the racing calendar now enjoys a twelve‑month window to capitalise on his fame, building anticipation for what could be a historic third National appearance.