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Business May 12, 2026

GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

eBay’s board has turned down GameStop’s unsolicited $55.5 bn takeover proposal, calling it neither …
GameStop announced a surprise $55.5 bn bid for online marketplace eBay, but the eBay board rejected the proposal, describing it as “neither credible nor attractive.” The decision follows a sharp drop in GameStop’s share price and unanswered questions about how the retailer would fund the deal.eBay Board Rejects GameStop’s $55.5bn Takeover OfferThe eBay board, led by chair Paul Pressler, issued a letter to Ryan Cohen stating that the proposal was reviewed and ultimately declined. Pressler cited uncertainty around GameStop’s financing, borrowing capacity, and operational risks of a combined entity.Valuation Gap Highlights Funding ShortfallOffer price: $125 per share, total $55.5 bneBay valuation: $46 bnGameStop market capitalisation: roughly $12 bnCash on hand pledged: $9.4 bnPotential debt financing: $20 bn from TD SecuritiesFunding shortfall: about $16 bn relative to the offer amountStrategic Stakes and Market Repercussions for Gaming and E‑commerce SectorsGameStop has already built a 5% stake in eBay and argues its 1,600 remaining stores could provide a “national network for authentication, intake, fulfilment, and live commerce.” However, eBay is pursuing its own growth strategy, notably the acquisition of the fashion resale app Depop for $1.2 bn to attract younger consumers. The rejection underscores the widening gap between a meme‑stock‑driven retailer and a mature online marketplace.What Lies Ahead for GameStop and eBayCohen has signalled willingness to launch a hostile bid and take the offer directly to eBay shareholders if the board remains uncooperative. Meanwhile, eBay’s focus on expanding its fashion‑forward portfolio suggests it will continue to prioritize organic growth and strategic acquisitions over a merger with a financially constrained GameStop. The next weeks will likely see heightened shareholder activism and further clarification of GameStop’s financing plan.
#GameStop #eBay #Ryan Cohen
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Entertainment May 12, 2026

Bold Tendencies: How a Peckham Car Park Revolutionized British Art

Bold Tendencies, the groundbreaking art installation in a Peckham car park, is celebrating its 20th…
The Art Revolution That Started in a Car Park It's hard to imagine now, but there was a time when rooftop bars weren't really a thing. A time before pop-ups and contemporary outdoor sculpture parks. A time even, if you can bear to think of it, before immersive art. Way back in 2007, there was none of that – the UK was an experiential art wasteland. And then Bold Tendencies showed up, chucked a whole load of sculptures in a multi-storey Peckham car park, painted a staircase bright pink, built a cocktail bar on the roof, and changed everything. Two Decades of Transformative Art Now going into its 20th summer season, Bold Tendencies is celebrating two decades of sometimes sun-drenched, often windswept and drizzly arts programming. In that time, it has welcomed more than 3 million visitors into its concrete edifice behind Peckhamplex cinema, commissioned dozens of new artworks, hosted countless recitals and performances, built an auditorium and a concert hall, and drawn the roadmap for countless art experiences that have come in its wake. The Artistic Legacy And the art's not been too bad, either. Anthea Hamilton built a doorway to heaven through a man's splayed legs in 2010. Jess Flood-Paddock parked Del Boy's three-wheeled van on the roof in 2011. James Bridle flew a black balloon filled with wifi routers from the roof in 2014. Adam Farah-Saad installed a decorative retro water fountain in 2024. There have been piles of raw pigment, fluttering flags, wobbly walkways, heads on spikes. Almost all newly commissioned, and all free to see. Transforming the Cultural Landscape You can't overstate just how different, not only Peckham was in 2007, but the whole cultural landscape of the country. This was years before the likes of The Vinyl Factory or Frameless, and long before the Hayward and Tate were racing to the bottom to find the most TikTok-ready, Instagram-friendly exhibitions possible. The only large-scale sculptural commissions around back then were the fourth plinth and the Tate's annual Turbine Hall and Duveen projects. There wasn't really anywhere else to see new sculptural work by young artists. The Peckham Effect There also wasn't a lot going on in Peckham at the time. But what the area did have was a handful of project spaces, a single dive bar called Bar Story, seriously cheap rents and – thanks to being squeezed between Camberwell College of Arts and Goldsmiths – a lot of artists. Combined with a relative sense of isolation in the days before the London Overground, it boasted a fairly unique set of circumstances. "I found it to be a place of great possibility," says Barry. "And it still feels like that." The Visionary Behind the Movement Barry had been putting on exhibitions in a semi-derelict house on nearby Lyndhurst Way, and struck up a relationship with the people responsible for property in Southwark council. The council realised that artists could act as caretakers of empty, derelict buildings awaiting redevelopment, and Barry figured that those buildings could be used for art exhibitions. It's a model still followed today by other cultural charities, one that some consider the forward battalion in a wave of gentrification that has engulfed the city ever since. The Future of Public Art "Part of our responsibility in doing a project like this is to offer up the joy of feeling welcome to as many people as possible," says Hannah Barry, the driving force behind Bold Tendencies and owner of Peckham's longstanding Hannah Barry Gallery. "People come here for all sorts of different reasons and they may stay for a short time or stay for a long time. What matters is that they're curious enough to come." As Bold Tendencies enters its third decade, it continues to push boundaries and redefine what public art can be, proving that sometimes the most revolutionary ideas come from the most unexpected places.
#Bold Tendencies #Peckham #British Art
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World Wide May 12, 2026

Mass Wedding Offers Fleeting Joy Amid Gaza’s Devastation

A coordinated mass wedding in the war‑torn Gaza Strip gave dozens of couples a brief moment of cele…
Brief Celebration in the Midst of Ruins A coordinated mass wedding took place in Gaza on 12 May 2026, bringing together a group of Palestinian couples for a single ceremony that lasted only a few hours. The event, organized by local community groups with support from international NGOs, was intended to provide a moment of normalcy and joy amid the ongoing conflict. Logistics of the Mass Wedding Venue: A partially restored community hall in the northern Gaza Strip. Participants: approximately 30 couples who had postponed their marriages due to the war. Support: Food, clothing, and basic medical checks were supplied by the United Nations Relief and Works Agency (UNRWA) and local charities. Security: A temporary cease‑fire was negotiated with the warring parties to allow safe passage for attendees. Humanitarian Context and Numbers Casualties since the latest escalation: over 30,000 deaths and more than 70,000 injuries reported in Gaza. Displaced population: nearly 1.5 million residents remain without permanent shelter. Access to basic services: Less than 40% of the population has reliable electricity; water supply is below 30% of pre‑conflict levels. Social Impact: Resilience and Symbolism The ceremony highlighted the community’s determination to preserve cultural and personal milestones despite extreme hardship. Couples and families described the event as a "beacon of hope" that reaffirmed their identity and future aspirations, even as they continue to face daily shortages of food, medicine, and safe housing. Looking Ahead: Prospects for Normalcy Organisers hope the wedding will inspire similar initiatives that blend humanitarian aid with cultural restoration. However, lasting stability will depend on a durable cease‑fire, reconstruction of infrastructure, and sustained international assistance. Until then, such brief moments of joy remain fragile symbols of resilience in a region still grappling with profound uncertainty.
#Gaza #Palestinian couples #Humanitarian crisis
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Environment May 12, 2026

Green Bridges: UK's Innovative Solution to Wildlife Motorway Crossings

The UK is implementing green bridges to reconnect fragmented wildlife habitats divided by motorways…
The Wildlife Crisis on UK MotorwaysWhen James Herd moved near Wisley Common 17 years ago, the heathland nature reserve was teeming with wildlife. "I'd take the dog around the common in spring and summer, and every few hundred metres I'd hear the rustle of a lizard in the undergrowth – and I'd see adders," he recalls.Over the past decade, however, the Surrey Wildlife Trust's director of reserves management has witnessed a significant depletion of wildlife. "There was a period, eight or nine years ago, when I'd get home and think: 'God, I didn't see or hear any evidence of reptiles.'"The culprit is the A3, a main arterial road into London that carries hundreds of thousands of vehicles daily. "It has fragmented the habitat, disconnected the ecological permeability of the site," Herd explains. "So species on this side of the common can't get to that side of the common because there's six lanes of tarmac and vehicles doing 70mph in the way."The Cockrow Bridge: A Green SolutionFrom the rubble of the £317m M25 improvement scheme, which widened the A3 at the Wisley interchange, emerged an innovative solution: the Cockrow Bridge. This "green bridge" serves as a wildlife crossing connecting the fragmented reserves, giving biodiversity a chance to recover."This isn't just about big, charismatic species – it's about reconnecting entire communities of insects," Herd emphasizes. The bridge allows a range of animals and insects to move between habitats and thrive despite the major infrastructure project.The bridge itself is a floating patch of nature reserve; its contents were excavated and transplanted from the heathland on either side. Heather, the tough wiry shrub that defines heathland, is already springing up in purples and yellows above the A3's roar, supporting the area's insects and reptiles."They can feed here, get cover, they can bask, they can breed," says Herd. Ground-nesting birds, such as nightjars, woodlarks and Dartford warblers, will also benefit from the newly connected landscape. Piles of sand have been added to provide breeding habitat for the highly threatened sand lizard, while logs line the back of the bridge for cooling and predator cover.Environmental Impact and Cost AnalysisAccording to the UK's State of Nature report, average abundance of 753 terrestrial and freshwater species has fallen by about 19% since 1970. Of more than 10,000 species assessed in Great Britain, 16.1% – nearly 1,500 species – are threatened with extinction.While there is no definitive data on the specific impact of roads, experts say the links between infrastructure and biodiversity loss are clear. "It is based around genetic isolation," Herd explains. "They will breed and breed and breed, but the gene pool becomes tighter and tighter and tighter, and that's not a good thing."The result is fragmented populations, weakened gene pools and less space for species to adapt to climate crisis. The Cockrow Bridge represents a significant investment in environmental infrastructure, though the exact cost of this specific crossing isn't detailed in the article.Changing Conservation Approaches in InfrastructureThe Cockrow Bridge signals a shift in how major infrastructure projects approach environmental considerations. Rather than simply mitigating damage, the project actively seeks to restore and enhance ecological connectivity."Herd, who advised National Highways on the project, says the Cockrow Bridge 'changes how the ecosystem functionality can evolve and function better, in a landscape where species can interact more freely.' By building a link, 'we've removed a barrier.'"While the bridge is not yet officially open, wildlife has already begun using it. Foxes, roe deer and adders have been spotted on the crossing, demonstrating the immediate benefits of reconnecting habitats.The Future of Wildlife Crossings in the UKThe Cockrow Bridge could serve as a model for future infrastructure projects across the UK and beyond. As biodiversity continues to decline, innovative solutions that integrate conservation with development will become increasingly important."The bridge will allow a range of animals and insects to move between habitats and thrive despite the major infrastructure project," the article notes, suggesting that such crossings could become standard features in road planning.As climate change accelerates, the ability of species to migrate and adapt will be crucial for their survival. Wildlife crossings like the Cockrow Bridge may provide essential corridors that allow species to shift their ranges in response to changing environmental conditions.
#Wildlife Crossings #Cockrow Bridge #Sand Lizard
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Business May 12, 2026

Jordan’s Gold Market Targeted by Social‑Media Scams

Fraudsters are exploiting Jordanian social‑media groups and fake online ads to sell counterfeit or …
Social media platforms have become a lucrative hunting ground for fraudsters in Jordan, luring buyers with promises of cheap gold that turn out to be counterfeit or nonexistent.Rise of Gold Scams on Jordanian Social MediaTwo recent cases illustrate how the scheme operates:Mohammed Nassar was offered gold at a price lower than local market rates by an “online store” claiming exemption from manufacturing fees and licences. After transferring the funds, the website vanished.Tala Al‑Habashneh purchased gold through a social‑media platform, only to discover the metal was mixed with cheaper alloys and lacked official stamps or invoices.Both victims filed complaints with Jordan’s Cybercrime Directorate, which has logged multiple similar reports.Financial Toll on Victims and Market DistortionsWhile exact loss figures have not been disclosed, the scams undermine consumer confidence and can depress legitimate gold prices by creating a perception of abundant cheap supply. Key consequences include:Direct monetary loss for individuals who transfer funds to untraceable accounts.Potential devaluation of certified gold due to market saturation with counterfeit pieces.Increased scrutiny on online marketplaces, which may limit legitimate e‑commerce growth.Regulatory Response and Enforcement GapsJordan’s primary oversight body, the Jordan Standards and Metrology Organisation (JSMO), inspects all imported jewellery and requires local workshops to submit items for verification. The agency has reported complaints about unlicensed sellers promoting “broken gold” on social media.The Cybercrime Directorate of the Public Security Directorate is coordinating with JSMO to monitor fraudulent accounts and has warned citizens to purchase gold only from licensed shops. Colonel Amer Al‑Sartawi emphasized that fraud cases range from vanished sellers to delivery of counterfeit metal.Outlook: Strengthening Oversight and Consumer VigilanceExperts predict a multi‑pronged approach:Enhanced digital monitoring by JSMO and security agencies to identify and shut down fraudulent pages quickly.Public awareness campaigns highlighting the risks of unverified online gold offers.Potential legislative amendments imposing stricter penalties on unlicensed jewellery sales.Until these measures take effect, consumers are advised to verify seller credentials, demand official invoices, and transact exclusively with accredited jewellery retailers.
#Jordan #Gold #Social Media Fraud
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Sports May 12, 2026

Gaborone Gold Rush: Botswana's Meteoric Rise to Men's Sprinting Dominance

Botswana has emerged as a powerhouse in men's sprinting, with recent victories at the World Athleti…
The Fairytale Victory in GaboroneIt was a fairytale ending to the World Athletics Relays in Gaborone. In the final strait, Collen Kebinatshipi surged past South Africa's Zakithi Nene to win the men's 4x400m relay for Botswana. The home crowd, a sea of light blue, went wild as the small African nation celebrated another remarkable achievement in their meteoric rise to sprinting dominance."It means so many things to us," Letsile Tebogo, 22, the reigning 200m Olympic champion, who ran the second leg, told reporters afterwards. "Not just the team … but for the people that always cheer for us behind the TV. Now they had that experience to see first-hand how much effort, how much pressure, how much we give for them."Botswana's Sprinting RevolutionBotswana, a country larger by area than Spain with a population of just 2.5 million, has had a meteoric rise to the top of men's sprinting. Tebogo's Olympic gold in Paris in 2024 was the country's first, and only its fourth medal of any colour. The men's 4x400m relay team took silver, improving on bronze from three years earlier. Then, at the world championships in Tokyo last year, Kebinatshipi won the 400m while the relay team he anchored also took home gold.The athletes are superstars in Botswana, their faces plastered on billboards advertising everything from mobile phone contracts to milk. "My life has changed a lot," Kebinatshipi told a press conference before the relays. The 22-year-old, who started running at school, said he now allowed half an hour for photos with fans when he went out shopping. "At first I was a bit nervous, because I wasn't used to it … Nowadays I'm used to it, so it's cool with me," he said.The Infrastructure Behind SuccessYears-long investment in young athletes is one of the biggest reasons for the southern African country's recent success, sports officials said. The Botswana Athletics Association's chief executive, Mabua Mabua, said: "I must thank the school sports programmes that we used to have, because basically all of the athletes that you are seeing, the youthful ones, are coming from that programme."He also highlighted the country's infrastructure. "All of the preparations for the team are done locally. Normally people say 'no, they should go to Europe, USA, for preparations'. It's local coaches, a local environment."The Botswana National Sports Commission runs programmes for 15 sports to spot and nurture talent. Re Ba Bona Ha, meaning "We See Them Here" in Setswana, is a coaching initiative for children aged five to 13 that was launched for football in 2002, with athletics added in 2008. Up to 300 children attend athletics sessions every year, said Frederick Kebadiretse, the BNSC's sports development manager.Then there are twice-yearly holiday camps to identify older students for eight centres of sports excellence, which were founded in 2011. The centres run weekday afternoon and weekend training sessions, with 30 to 40 students picked for athletics annually.The Gender Gap in Botswana AthleticsBotswana's female athletes have not yet matched the men's results. Oratile Nowe, the seventh fastest woman this year over 800m, is the current highest performer.The officials admitted more needed to be done to support women and girls. "We need to widen the pipeline so we can get more and more young women to join," Mokgwathi said. "The other thing, of course, is to encourage more and more women to become coaches and technical officials … And we need to protect young women coming into the sport, so that they stay."Preserving Botswana's Athletic LegacySports officials warned that without the school sports programme, which was suspended in 2019 due to a dispute between the government and teachers, Botswana's recent athletics success was at risk. "The pipeline is not there," said Martin Mokgwathi, who chaired the world relays organising committee. "[Performance] will dip unless something is done very, very quickly."The atmosphere at the World Athletics Relays was described by World Athletics president Sebastian Coe as one of the top three he had experienced in athletics. "I put that atmosphere in the top three that I've experienced live in athletics. The first was Cathy Freeman winning in Sydney. The second was Mo Farah hitting the front with a lap or so to go in the 10,000 in London, when the wall of noise was deafening … [This] comfortably sits in the top three for me."The Future of Botswana's Athletic DominanceAs Botswana celebrates its current success, the focus is on maintaining momentum and addressing challenges. The suspension of school sports programs remains a significant concern, with officials emphasizing the need to restore this vital talent pipeline. Additionally, there's a growing recognition of the need to develop women's athletics to match the men's success.With emerging talents like Resego Kelly Makwala, 15, the daughter of former Botswana sprint star Isaac Makwala, there are promising signs for the future. However, sustained investment in infrastructure, coaching, and youth programs will be crucial to ensure Botswana continues its remarkable rise in global athletics.
#Botswana #Letsile Tebogo #Collen Kebinatshipi
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Business May 12, 2026

Liza Minnelli Memoir Signature Scandal Sparks Refund Demands

Fans who bought the premium "hand‑signed" edition of Liza Minnelli's memoir are seeking refunds aft…
Fans who purchased the premium “hand‑signed” edition of Liza Minnelli’s memoir Kids, Wait Till You Hear This! are demanding refunds after discovering the signatures appear to be machine‑generated, raising doubts about the authenticity of celebrity‑signed collectibles. Fans Accuse Liza Minnelli Memoir of Autopen Signatures Copies marketed worldwide as “hand‑signed collectibles” were sold for up to $250 (£185). Buyers like Gareth Brown noted the uniformity of the signatures and, after comparing photographs, concluded the marks were unnaturally identical. Justin Steffman, CEO of authentication service AutographCOA, confirmed that the examined examples show no evidence of a human hand. Signature questioned by fans using tracing‑paper overlays. Publisher Grand Central Publishing and UK partner Hodder declined comment. Previous celebrity autopen scandals include Bob Dylan ($599 copies) and Sinéad O’Connor (stamp‑signed memoir). Financial Stakes: Autograph Market Valued Over $25 bn The global autograph market is estimated at more than $25 bn, driven by collectors willing to pay premiums for perceived rarity. The Liza Minnelli case involves premium editions priced at $250, illustrating the high‑margin nature of signed memorabilia. Premium edition price: $250 / £185. Typical collector‑grade signed books can command several hundred dollars. Recent scandals have eroded confidence, potentially affecting future sales volumes. Implications for Publishing and Collectibles Industry Publishers face reputational risk when authenticity claims are disputed. The lack of response from Grand Central Publishing and Hodder may prompt tighter verification protocols and clearer disclosure of signing methods. Potential legal exposure for false advertising. Increased demand for third‑party authentication services. Shift toward digital certificates of authenticity as a safeguard. Future of Signed Merchandise and Consumer Trust Analysts predict that collectors will become more skeptical, demanding transparent provenance for signed items. Publishers may adopt blockchain‑based tracking or partner with reputable authentication firms to restore confidence. Short‑term: Refund requests and possible class‑action suits. Mid‑term: Adoption of verifiable digital signatures. Long‑term: A more regulated market with higher consumer trust.
#Liza Minnelli #Gareth Brown #Justin Steffman
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Sports May 12, 2026

Thunder outlasts Lakers in Game 4 to complete NBA playoff sweep

The Oklahoma City Thunder defeated the Los Angeles Lakers 115-110 in Game 4, completing a four-game…
The Thunder's Dominant Performance Shai Gilgeous-Alexander scored 35 points as the visiting Oklahoma City Thunder advanced to the NBA Western Conference finals with a 115-110 victory over the Lakers on Monday, completing a four-game sweep in what potentially was LeBron James' final game for Los Angeles. Key Contributors to the Thunder's Victory Ajay Mitchell logged 28 points, Chet Holmgren produced 16 points and nine rebounds, and Jared McCain added 13 points as the Thunder improved to 8-0 in the playoffs. Oklahoma City is set to face the Minnesota Timberwolves or the San Antonio Spurs in the next round. The Lakers' Struggles The defending NBA champions shot 51.9% from the floor while the Lakers shot 50.7%. Oklahoma City won all eight games against Los Angeles in 2025-26, including the regular season. Austin Reaves put up 27 points, while Rui Hachimura added 25 points and eight rebounds for the Lakers, who head into the offseason with major changes possibly in store. LeBron James' Uncertain Future James, 41, amassed 24 points and 12 rebounds. He is now set to become an unrestricted free agent after a record 23 seasons in the league. The Lakers trailed by as many as 12 points in the third quarter before going on a 22-9 run to take a 76-75 lead with 2:03 left in the period. The Game's Climax Gilgeous-Alexander made two free throws with 12.2 seconds remaining for a 113-110 lead, and Reaves missed what would have been a game-tying 3-point attempt with eight seconds left. Mitchell put the game away by sinking two free throws with 6.4 seconds to go.
#Oklahoma City Thunder #Los Angeles Lakers #Shai Gilgeous-Alexander
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Economy May 12, 2026

Syria Restores Credit Card Payments to Re‑Engage with Global Economy

Syria announced the reinstatement of credit card transactions, a step aimed at easing financial iso…
Reinstating Credit Card Transactions: A Strategic Economic ShiftSyria has restored the ability to process credit card payments, marking a clear policy reversal intended to reduce its financial isolation and signal readiness to rejoin the global economy.Details of the Policy ReversalDate: 12 May 2026Authority: Central Bank of SyriaAction: Reactivation of credit card processing networks for domestic merchants and consumersScope: All major international card schemes are now accepted for transactions within SyriaFinancial Implications for Remittances and TradeRestoring credit card functionality is expected to streamline cross‑border remittances, lower transaction costs for Syrian expatriates, and facilitate smoother payments for imported goods. While exact figures are not yet available, the change removes a major friction point for both consumers and businesses.Regional and Global Economic RepercussionsThe decision may influence the perception of Syria among regional partners and international investors, potentially easing some of the economic pressure from sanctions. By aligning its payment infrastructure with global standards, Syria positions itself for incremental reintegration into trade networks.Outlook for Syria’s Economic ReintegrationAnalysts anticipate that the credit‑card restoration could be a precursor to broader financial reforms, such as reopening correspondent banking relationships. Continued diplomatic engagement will be crucial for translating this operational change into measurable economic growth and increased foreign investment.
#Syria #Central Bank of Syria #Credit Card Payments
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