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LIV Golf chief executive Scott O'Neil has acknowledged that the rebel golf tour's finances are being managed very tightly and that structural changes are on the horizon, which may necessitate raising additional funds. However, he emphatically stated that the league will not fold.O'Neil's comments come on the heels of reports that Saudi Arabia's Public Investment Fund, a key backer of LIV Golf, is cutting its funding for the league. Despite this, O'Neil described the situation as 'business as usual' and expressed confidence in the tour's future prospects.In an interview with LIV employees during the broadcast of the tour's Mexico City event, O'Neil hinted at upcoming structural changes but did not provide specifics. He suggested that these changes could involve new formats or business structures, possibly including team-based elements.O'Neil also downplayed speculation about the tour's financial health, stating that LIV Golf had secured almost $500 million in sponsorships last year from major brands like Rolex, HSBC, and Aramco. He emphasized the tour's global appeal, particularly in markets such as Australia and Asia, where it has attracted significant interest.While acknowledging that fundraising may be necessary, O'Neil expressed optimism about the tour's trajectory, suggesting that continued revenue growth could mitigate the need for external funding. He concluded by stating that LIV Golf is poised for long-term success and will continue to evolve in the coming months.

In the heart of Belfast's urban landscape, a cherished meadow in Lower Botanic Gardens, affectionately known as 'our field', is facing a significant threat. This community garden, which has been rewilded and recultivated for a new age, has a rich history of adapting to the needs of the times. During World War II, it grew vegetables, and post-war, it provided housing in prefabricated homes.Today, the field continues to serve the local community in subtle yet transformative ways. It has been restored as a floodplain meadow, acting like a sponge to absorb rainfall and release it slowly, thereby providing a natural flood defence. The meadow is home to a variety of wildlife, including lady's-smock flowers and birds like the coal tit.The field is also a site for university research into improving carbon sequestration in crops and soil. However, despite its ecological and community value, Belfast City Council (BCC) has been debating converting it into a sports pitch, a move that has sparked concern among local residents.The potential conversion has been described as a land grab, with many feeling that it would undermine the field's ecological and community benefits. As one resident noted, the field's value extends beyond just being a green space; it provides a social and skills network for the community.With rising sea levels and increased rainfall due to climate change, the importance of preserving such green spaces cannot be overstated. The field's transformation into a sports pitch would not only destroy a unique ecosystem but also undermine efforts to enhance the city's resilience to climate change.

President Donald Trump's ambitious plan to erect a colossal arch in Washington, DC, has cleared a significant hurdle with the US Commission of Fine Arts giving its approval to the proposed design. The arch, which would stand at 76 meters (250 feet) high, is intended to be built on Memorial Circle, between the Arlington National Cemetery and the Lincoln Memorial. The commission's approval is a crucial step forward for the project, which has faced criticism and legal challenges. The arch would be significantly larger than the Lincoln Memorial, which stands at 99 feet (30 meters) tall, and approximately twice as tall as the famous Arc de Triomphe in Paris, which the design resembles. The proposed monument, dubbed the 'Triumphal Arch,' would feature the phrases 'One Nation Under God' and 'Liberty and Justice for All' in gold lettering atop either side. However, the design has faced opposition, with about three out of every four people who delivered public comments expressing opposition, many citing its enormous size. Criticism has also centered on the potential impact on views of the national cemetery, a resting place for war veterans. Public Citizen Litigation Group is representing some Vietnam War veterans in a lawsuit against the proposed construction, arguing that it needs congressional approval. Even within the Commission of Fine Arts, there was some dissent. James McCrery II, the vice chair, suggested modifications to the design, including removing the winged statue and eagles on top and the lions at its base, citing that African animals are 'not a beast natural to the North American continent.' The project is part of Trump's efforts to leave his mark on the physical landscape of Washington, DC. The commission still needs to vote on final approval for the proposal after reviewing updated designs. If given final approval, the arch would tower above other landmarks in the national capital.

A devastating fire has engulfed the largest of Australia's two oil refineries, operated by Viva Energy in Geelong, Victoria. The blaze, which began on Wednesday night, had been brought under control by Thursday noon. The refinery, which processes 120,000 barrels of oil per day, accounts for approximately 10% of Australia's fuel production.The fire was triggered by a gas leak that ignited, sending flames as high as 60m (200 feet) into the air. Fortunately, firefighters managed to contain the blaze without it spreading to other parts of the plant, which produces high-octane petrol, jet fuel, and diesel.The incident comes at a critical time for Australia, which relies on imports for 80% of its fuel needs. The country is racing to replace supply disrupted by the Middle East conflict, which has driven up energy prices worldwide. Fuel security is a growing concern in the Asia Pacific region, with Australia lacking major stockpiles.In response to the crisis, Prime Minister Anthony Albanese announced that Australia had secured an additional supply of 100 million litres of diesel from Brunei and South Korea. The government has urged Australians to avoid panic-buying fuel and to conserve petrol where possible.Australia's fuel reserves stand at approximately 38 days' worth of petrol, falling short of the 90-day minimum recommended by the International Energy Agency. The country is heavily reliant on oil shipped through the Strait of Hormuz, which has seen shipping traffic cease since the US and Israel launched their war against Iran.

Piteå IF, a team in Sweden's top women's football division, Damallsvenskan, is struggling to stay competitive due to its remote location in northern Sweden. The club is entering its 17th season as a top-division side, but faces significant challenges, including high travel costs to away games.The club's managing director, Emelie Lövgren, notes that 13 of the 14 teams in the league are based in the south of Sweden, making travel a major expense. A trip to the southernmost city, Malmö, is 908 miles one-way, while even a trip to Uppsala costs around £8,000 (95,000KR) per season.Lövgren emphasizes that the club is prioritizing cost-cutting over performance, which she describes as the 'saddest part.' The club has sold several key players, including goalkeeper Lauren Brzykcy to Bristol City, to balance its finances. Wages are increasing by 15-20% annually, making it difficult for Piteå IF to keep up.The club's sporting director, James Burgin, notes that it's a 'complete catch-22' to attract and retain players in the squad. The club is exploring solutions, including external investment and raising awareness about the struggles faced by northern teams.Lövgren concludes that change needs to come centrally to support northern teams and ensure the long-term viability of women's football in the region.

The Marine Stewardship Council (MSC), a leading certifier of sustainable seafood, has been accused of masking widespread labour abuses through its 'blue tick' scheme. A recent study found that one in five vessels where crew reported abuses to the International Transport Workers' Federation (ITF) were certified by the MSC.The study identified 80 cases of labour abuses onboard 72 vessels in 25 MSC-certified fisheries across the globe. These abuses included forced labour, human trafficking, and forced criminalisation, as well as unpaid or delayed wages, excessive hours, violence, harassment, and denial of medical care.The MSC has long claimed that it is an environmental organisation with no social assurance mandate nor labour assessment capacity. However, Chris Williams, ITF fisheries co-ordinator, said that this risks masking abuses and leading people to buy products that aren't necessarily what they think they are.Dr. Jessica Sparks, co-author of the report, added that the MSC's policies and practices may obscure labour abuses in seafood supply chains by undermining enforcement efforts and reducing scrutiny. The study's findings have sparked concerns that the MSC's 'blue tick' scheme may be creating an 'illusion' of ethical sourcing.The International Labour Organization estimated in 2022 that about 128,000 workers were trapped in forced labour on fishing vessels globally. The MSC has engaged in evolving efforts to support the elimination of forced and child labour in supply chains, but critics argue that more needs to be done.

Budget airline easyJet has issued a profit warning, citing the impact of the Iran conflict on fuel prices and bookings. The airline has seen fuel costs rise by £25m in the last month alone, driven by the escalating tensions in the Middle East.EasyJet expects to report an increased pre-tax loss of £540-£560m for the six months to March, up from £394m in the first half of 2024-25. The carrier typically generates most of its revenue in the second half of the year, which includes the peak summer period.The airline has hedged 70% of its fuel needs for the rest of the financial year to September, but each $100 movement in the spot price of jet fuel per metric tonne adds £40m in costs for its unhedged supply. Currently, the price is about $800 higher than before the conflict started.Chief executive Kenton Jarvis said demand remained strong in the short term, but customers were leaving it later to book due to economic uncertainty. However, he assured that fuel supplies remained normal and that any talk of having to cancel flights was pure speculation.Jarvis added that there was continued positive demand, but easyJet's financial performance had worsened year on year, impacted by the conflict in the Middle East and the competitive environment in some markets. Shares fell 3% in early trading.

Crystal Palace, once the 'hallowed turf' of British athletics, is on the verge of a major transformation. The stadium, which has hosted iconic athletes like Sir Mo Farah, Dave Bedford, and Steve Backley, had fallen into disrepair but is now set to be revitalized with a £130m redevelopment plan. The London Mayor, Sadiq Khan, announced the plans in May 2023, declaring Crystal Palace a 'national asset.' The proposed redevelopment includes a vastly upgraded 25,000-seat stadium that could open as early as 2030, along with a new 200m running track for community use. The journey to this point has been long and arduous. Jim Powell, a former sprint coach and founder of the Met-Track charity, recalls the despair that had settled over the venue years ago. 'There were trees growing out of the main stand and on the indoor track and no one was doing anything about it,' he says. The formation of the Crystal Palace Sports Partnership in 2014 marked a turning point, with Powell and others fighting to save the venue. 35,000 people signed a petition to reopen the site's swimming pools, which had been closed due to a leak. The partnership's efforts eventually led to the current redevelopment plans, with Morgan Sindell appointed as developers in 2024. The new sports centre will feature a padel centre, basketball courts, football pitches, and a full-size artificial multi-sports pitch. While the project is already fully funded, the search is on for commercial investment to complete the stadium bowl and boost its capacity from 16,000. Powell, who was given an MBE in 2013 for his services to athletics, is ecstatic about the plans. 'This is a historic and much-loved national sporting and community facility, where many UK sporting stars have started their careers and trained, but it needs major investment and refurbishment,' Khan said when the application was submitted. The potential return of big events like the Diamond League to Crystal Palace has Powell hopeful. 'It used to be the hallowed turf or the hallowed tartan,' he reminisces. 'If this new stadium doesn’t give athletics a shot in the arm, nothing will.'

The frozen assets of Iran, estimated to be over $100bn, have emerged as a significant obstacle in the ongoing talks between the United States and Iran. These assets, which include revenues from oil sales frozen in foreign banks, are a vital component of Iran's economy, which has been severely impacted by sanctions imposed by the US and other nations.The sanctions, in place since 1979, have restricted Tehran's ability to access its own assets, exacerbating the country's economic woes. Mohammad Bagher Ghalibaf, the speaker of Iran's parliament, has emphasized that the release of these frozen assets is a prerequisite for any negotiations.The exact amount of frozen assets is unclear, but experts estimate it to be around $100bn, a sum that is approximately four times what Iran earns annually from hydrocarbon sales. Frederic Schneider, a nonresident senior fellow at the Middle East Council on Global Affairs, noted that this is a substantial amount, especially for a country that has been suffering under decades of US-led sanctions.The frozen assets are held in multiple countries, including Japan, Iraq, China, India, Luxembourg, and Qatar. Iran's economy is in crisis, with decades of sanctions limiting its oil exports and stalling its ability to attract investments and modernize its industry and technology. The release of these assets could provide a significant boost to Iran's economy, allowing it to address its infrastructure needs and stabilize its currency.Roxane Farmanfarmaian, academic director and lecturer in international politics at the University of Cambridge, emphasized that unfreezing Iran's assets would be significant, enabling the country to repatriate its funds earned in hard currency from oil sales and gain control over its currency fluctuations.