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Business May 25, 2026

ISS Calls for Vote Against Metro Bank's Executive Pay Report Amid £60m Bonus Concerns

Institutional Shareholder Services (ISS) has urged investors to vote against Metro Bank's 2026 pay …
ISS Urges Shareholders to Reject Metro Bank's 2026 Pay ReportInvestors in Metro Bank face a proxy‑adviser recommendation to vote against the lender’s upcoming pay report, scheduled for the annual meeting on 2 June 2026. Institutional Shareholder Services (ISS) argues that the bank’s “shareholder value alignment plan” (SVAP) is “significantly out of line” with market standards.Key Features of the Controversial SVAPLinks executive bonuses directly to the bank’s share price, irrespective of operational performance.Could award CEO Dan Frumkin a total payout of up to £60 million by the end of the scheme.Salary for 2026 is set to rise 11.3% to £1.05 million, up from £943,500 in 2025.Financial Snapshot: Payouts and PerformanceDespite the compensation concerns, Metro Bank reported record revenues and its highest underlying pre‑tax profit in history last year. The share price climbed more than 25% in 2025, continuing an upward trend.Executive remuneration highlights:2025 total CEO package: £2.6 million (up from £1.2 million in 2024).Salary increase for FY2024 was roughly 20%.Governance Implications and Shareholder RisksISS flagged “insufficient disclosure” around non‑financial bonus metrics, noting vague descriptions of “people objectives” and “risk and regulatory objectives.” The adviser warned that the pay structure could misalign management incentives with long‑term shareholder value, especially given the bank’s recent turnaround efforts after a near‑collapse in 2023.The 2023 rescue involved a £925 million deal led by Colombian billionaire Jaime Gilinski, who now controls 53% of Metro Bank.What Lies Ahead for Metro Bank’s Compensation PolicyIf shareholders follow ISS’s advice, the SVAP could be rejected, forcing the board to redesign its remuneration framework. Analysts expect heightened scrutiny of executive pay across the FTSE 250, with potential pressure for greater transparency and alignment with performance metrics.Metro Bank’s spokesperson defended the plan, emphasizing its focus on long‑term growth and alignment with shareholder interests. The outcome of the vote will signal whether investors prioritize governance reforms over short‑term payout incentives.
#Metro Bank #Dan Frumkin #Institutional Shareholder Services
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Environment May 25, 2026

Flash Floods Hit NYC as Europe Endures Early Heat Dome

New York City was battered by flash floods that overwhelmed its aging sewer system, while western E…
New York City experienced sudden flash flooding on Wednesday while western Europe entered an early‑season heat dome, creating simultaneous extreme‑weather challenges on opposite sides of the Atlantic.Flash Floods Overwhelm NYC’s Aging Sewer SystemBrooklyn and Queens received 2 in (50 mm) of rain in as little as 20 minutes, pushing water into the sewer at a rate of up to 6 in an hour, far beyond the design capacity of 1.75 in an hour. Streets, the Long Island Expressway and subway stations were inundated, leaving commuters wading knee‑deep and causing traffic snarls.Rainfall Intensity and Power Outage NumbersRainfall: 2 in (50 mm) within 20 minutesSewer flow: up to 6 in per hour (design limit 1.75 in per hour)Power outages: > 10,000 people without electricityUrban Infrastructure Strain and Regional DisruptionThe event highlighted the vulnerability of older storm‑water networks in dense cities and triggered widespread service interruptions, including road closures and delayed subway service. Similar storms across New Jersey and New York states also felled trees and downed power lines.Early Summer Heat Dome Stretches Europe Above Climate NormsWestern Europe is under a persistent high‑pressure system that is trapping warm air. May temperatures in the UK, France and Germany are 10‑15 °C above average, with France breaking its May record at 30.5 °C. Southern Iberia is forecast to reach 37‑38 °C, while Spain and Portugal sit near but below their historic May highs of 44.4 °C and 40.0 °C respectively.What the Early Heat Dome Means for Europe’s SummerMonday and Tuesday mark the peak of the current heat wave, after which the most intense temperatures will likely concentrate over France and Iberia. The early onset suggests a prolonged period of above‑average warmth through June, raising concerns for energy demand, health risks and agricultural stress across the region.
#New York City #Flash Flooding #European Heat Dome
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Environment May 25, 2026

Half of UK Adults Spend Less Than Three Hours a Week in Nature, Survey Finds

A new poll of 2,000 UK adults shows that almost half now spend under three hours per week in natura…
New research commissioned by the Wildlife Trusts reveals that while 90% of UK adults cherish memories of outdoor play, nearly 50% now spend less than three hours a week in nature, with 10% getting under an hour. The findings highlight a growing gap between childhood experiences and adult reality, prompting calls for policy action and community programmes. Survey Reveals Declining Adult Time in Nature The poll surveyed 2,000 adults across the United Kingdom. Respondents were asked about current weekly time spent in gardens, parks, fields or woods and compared it with their childhood outdoor habits. Almost half of adults (≈48%) now spend <3 hours per week outdoors. One in ten (≈10%) reports less than one hour weekly. In contrast, ≈66% of adults recalled spending more than half of their free time outside as children. Key Numbers: Hours, Memories, and Health Savings Beyond the time‑use figures, the survey touches on broader health economics: Regular green‑space access can cut GP visits by 28%. Potential NHS savings from increased nature exposure are estimated at £2 bn per year. Two‑thirds of respondents said childhood memories make them more likely to reconnect with nature. Why Reduced Outdoor Time Matters for Public Health and Equality Spending time outdoors is linked to physical and mental well‑being. The decline is especially acute in deprived areas, where one in five households lack a green space within a 15‑minute walk, despite the government’s pledge to ensure universal access. Experts such as Dom Higgins, head of health and education at the Wildlife Trusts, warn that limited access could exacerbate health inequalities and erode community cohesion. What Could Reverse the Trend? Policy and Community Initiatives Several levers may help close the gap: Accelerating funding for local parks and the 30 Days Wild challenge, which already engages 3 million participants. Implementing the government’s plan for new national forests and nine regional river walks. Ensuring councils receive sustainable financing to protect discretionary services like parks, as highlighted by Julie Jones‑Evans of the Local Government Association. By combining policy commitment with community‑driven programmes, the UK can aim to restore the childhood‑level connection to nature for adults and improve public health outcomes.
#Wildlife Trusts #Dom Higgins #UK adults
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Business May 25, 2026

Amtrak’s Ridership Boom Faces World Cup 2026 Test

Amtrak has logged two consecutive record‑breaking years, topping 34.5 million passengers, just as t…
Record‑Breaking Ridership Sets the Stage for World Cup TravelAmtrak entered fiscal year 2024 with 34.5 million passengers, a 5 % rise over the previous year and the second straight record. The surge coincides with the upcoming World Cup 2026, which could draw up to 10 million visitors to the United States, many of whom will need inter‑city transport.Numbers Behind the Surge: 34.5 million Passengers and $30 million Infrastructure Spend15 million riders used the Northeast Corridor in 2025, with roughly 150 trains per day on the 457‑mile stretch.Amtrak has allocated $30 million to upgrade tracks, catenary wires, and the newly opened Portal North Bridge in New Jersey.Dynamic ticket pricing sees a round‑trip from Washington DC to New York for the World Cup final priced at $160, compared with $177 for a comparable flight.New Jersey Transit match‑day tickets are set at $98 per round‑trip, slightly cheaper than some Amtrak fares.What the World Cup Means for U.S. Passenger Rail InfrastructureThe tournament will be a stress test for a system that still relies heavily on freight‑owned tracks outside the Northeast Corridor, limiting schedule flexibility and capacity expansion. The NEC itself operates near its maximum capacity—over 2,000 trains per day on some segments—yet Amtrak is adding Acela cars that hold 27 % more passengers and reconfiguring seating on Regional services to squeeze extra capacity.Beyond the Northeast, historic routes have been trimmed: the Dallas‑Houston corridor, once a six‑hour service for the 1994 World Cup, was discontinued in 1995 and now requires a 23‑hour journey by train. West‑coast connections such as Seattle‑Vancouver remain limited to two daily trips, underscoring regional disparities.Can Amtrak Scale Up for a 10‑Million‑Fan Influx? Outlook to 2027Industry analysts warn that without additional rolling stock and sustained federal funding—Amtrak received $2.4 billion in FY 2023 against a requested $3.3 billion—the rail network may struggle to meet demand. Proposed budget cuts under the Trump Administration could slash passenger‑rail funding by up to 82 % in FY 2027, further constraining upgrades.Nevertheless, Amtrak’s leadership treats the World Cup like its busiest travel period, Thanksgiving, urging early bookings and leveraging dynamic pricing to manage demand. If the rail system can deliver reliable service for the tournament, it could bolster the case for long‑term investment and a more balanced national transportation mix.
#Amtrak #World Cup 2026 #Northeast Corridor
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Politics May 25, 2026

Farage faces pressure over Russian hack claim

Nigel Farage is under mounting pressure to provide evidence for his claim that a state-sponsored Ru…
The Alleged Russian Hack Nigel Farage is under mounting pressure to provide evidence for his claim that a state-sponsored Russian hack was behind the disclosure of the £5m gift he received from the crypto billionaire Christopher Harborne. Farage's Claims and Scrutiny Reform UK claimed over the weekend that analysis of Farage’s phone by “counter-espionage experts” suggested that “Farage’s phone, email and bank accounts were compromised by hostile actors, almost certainly linked to Moscow, using spear phishing tactics”, before the Guardian revealed details of his undeclared gift last month. Farage told the Mail on Sunday that the alleged Russian activity was “deeply concerning” and highlighted the “threat they pose to British security”. He also claimed that the £5m gift was given to him for security purposes to keep him “safe and secure” for the rest of his life. The Data Analysis The £5m gift was given to Farage before he announced in June 2024 that he was running in the general election race. The money came through a company linked to Harborne, one of the UK’s wealthiest crypto investors and a major financial backer of right-wing causes. The Impact Analysis Labour and the Conservatives have called on Farage to hand any evidence he has to Britain’s security services. A spokesperson for the Guardian described Farage’s claim as “an attempt to deflect attention from legitimate scrutiny of his financial affairs”. The National Cyber Security Centre is not aware of a report from Farage related to the alleged hack. The Prediction If Farage has genuine evidence that Russia attempted to hack him, he should immediately hand it to the relevant authorities and be fully transparent with the British public about exactly what he knows. The British people are entitled to answers, not distraction tactics.
#Nigel Farage #Russian hack #Reform UK
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World Wide May 25, 2026

Inside a Beirut barbershop shaped by war and crisis

A glimpse into a Beirut barbershop that has weathered decades of conflict and economic turmoil, ref…
The LeadIn the heart of Beirut, a small barbershop stands as a microcosm of Lebanon's complex history, having weathered decades of war and economic crisis while maintaining its cultural significance as a community gathering place.The Barbershop's Journey Through ConflictEstablished generations ago, this establishment has witnessed and adapted to Lebanon's tumultuous history, including civil conflicts, economic collapse, and social upheaval. The shop's physical space and operations have evolved in response to changing circumstances, yet it has maintained its core function and cultural importance.Economic Survival in CrisisThe barbershop's owner has implemented innovative strategies to navigate Lebanon's economic challenges, including accepting alternative forms of payment, diversifying services, and building strong community relationships. These adaptations reflect broader Lebanese resilience in the face of economic hardship.Inflation exceeding 200%Currency devaluation of over 90% since 2019Over 80% of population living in povertyImpact on Community and CultureMore than just a business, the barbershop serves as a vital community hub where social bonds are strengthened and cultural traditions are preserved. In a city marked by division and uncertainty, this establishment provides a space for connection and normalcy, demonstrating how small businesses can play crucial roles in maintaining social cohesion during crises.Future Outlook for Beirut's Small BusinessesAs Lebanon continues to navigate its complex challenges, establishments like this barbershop will likely remain essential community anchors, adapting to new circumstances while preserving their cultural significance. The resilience demonstrated by such businesses offers insights into potential pathways for recovery and renewal in post-conflict urban environments.
#Beirut #Lebanon #War
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Sports May 25, 2026

Manchester City Fans Pay Emotional Tribute to Pep Guardiola in Final Match

Manchester City fans bid an emotional farewell to manager Pep Guardiola after his decade-long tenur…
The Emotional Farewell to a Legend"I'm utterly devastated and have already shed tears," says Manchester City fan Sophie Hope. There is a feeling of loss around the Etihad Stadium, a bereavement that everyone knew was coming but it does not make it any easier to take. The ownership may disagree but this is the club that Pep Guardiola built over the past 10 years and everyone in attendance against Aston Villa on Sunday wanted to pay their respects.This has been a glorious epoch for the club, one that has seen complete and utter misery in modern times. Relegation to the third tier at Stoke, being regularly pummelled by Manchester United and York City away are long forgotten. The transformation was under way before Guardiola arrived a decade ago and everything has been geared towards his demands and needs. Ilkay Gündogan, Ederson and Fernandinho were back as City's greatest hits were played.The Guardiola Era at Manchester City"To say City is part of my DNA is not overstating it," Hope says. "I feel I need to try and remember that it's football but it's also not just football, it's family, it's special and Pep has brought such a huge level of enjoyment, excitement, joy and pride to our club."I've been going to City for 36 years and our next manager will be the first my dad won't have known, he died in 2021. I have to remind myself of all the good times. The happiness Pep has brought to me, my life, to Manchester will never be replicated or forgotten."The Transformation of Manchester CityGuardiola created a magical mystical tour for City, taking the masses on triumphant tours to Real Madrid and a plethora of other of Europe's most historical venues, leaving having not just won but shown complete dominance. None will be more memorable than Istanbul, City's first Champions League trophy, won thanks to Rodri on an edgy night against Inter."Pep took us into a footballing galaxy that only a handful of teams in world football will ever experience," Andy Hooper says. "I think back to watching hundreds of games at Maine Road with my grandad. Together we never even reached a major semi-final, but did witness us dropping to League One. He always told me we'd be back one day, and I believed him. Fast forward to the pinnacle of the Pep era: taking my seven-year-old lad to Istanbul to watch us complete the treble. Pep's not just been our manager he's all of us, you can tell he feels it, he loves the place, sticks up for us against anything thrown at us, he will be for ever our boss. He completed our journey from the Peter Swales lows to the ridiculous highs."The Emotional Tributes and FarewellSuccess changes lives, even if it is enjoyed vicariously through the local football club. Guardiola has improved the existence of tens of thousands, finding joy in the style and trophy lifts. Everyone has embraced the "Catalan Manc," enjoying his love of the city, living in the centre of it, becoming friends with the Gallagher brothers and references to local culture. "People called Mourinho the special one, but he's got nothing on Pep," says Hope. "He clearly loves Manchester, embracing it as his city. That's how we feel about Pep, he's our Pep."Many of those in love with Guardiola will get to sit in the newly expanded North Stand named in his honour, helping secure a record Etihad Stadium attendance of 60,332, a fitting way to go out. It was unveiled on Sunday while a statue will be erected somewhere in the vicinity to immortalise the immortal to ensure that some things are eternal.The Legacy of Pep GuardiolaAll the Guardiola collectibles were on sale, from flags to scarves and plenty in between, while one group in the East Stand stood resplendent in T-shirts spelling out "Gracies Pep" to show their appreciation in his native Catalan. A mural depicting Guardiola now sits resplendent on the side of a house opposite the ground but there is no chance of him being forgotten.Fans will probably be clubbing together to see if they can find the land of the coconuts where Guardiola will be sunning himself over the summer. At the very least, they initiated Guardiola's new life with the palm trees by bouncing beach balls around the stands.Guardiola should have brought his own tissues, with eyes watering when he embraced another departing legend Bernardo Silva after bringing the captain off. Without a handkerchief in sight, Guardiola was forced to use his Pep-branded T-shirt to wipe away the tears. The Portuguese was given a standing ovation and guard of honour from the two teams and it seemed to finally dawn on Guardiola when he embraced the man that has provided immaculate service for nine seasons. Shortly afterwards John Stones got the same combination of standing ovation and guard of honour. "We've got Guardiola," rang out repeatedly as the head coach absorbed it for one final time, weeping. The Blue Moon has reached its highest under Guardiola, and it will rise again at Manchester City but it will never shine as bright. Guardiola finished with: "In the next years, if you see me in the States or Europe or somewhere and you are a Man City fan, come and hug me. I will need it." So will they.
#Pep Guardiola #Manchester City #Premier League
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Tech May 24, 2026

Amazon’s Bee Wearable: Intriguing AI Assistant but Privacy Concerns Loom

The Bee wrist‑mounted AI assistant from Amazon shows promise for streamlining professional meetings…
Quick Take: Amazon’s Bee wearable can record, transcribe, and summarize conversations, offering a handy tool for busy professionals. However, its reliance on cloud storage, broad permission requests, and the potential for constant surveillance make it a contentious choice for privacy‑conscious users.Bee Wearable’s Core Features and How It WorksBee is an AI‑powered wrist device that captures audio when the user presses a button, indicated by a flashing green light. Recorded snippets are synced to the Bee mobile app, which generates a readable summary and a full transcription. Users can link the device to their calendar, contacts, location, photos, and health data to enable contextual reminders and deeper insights.Pricing and Market Data: What’s KnownAmazon has not disclosed a retail price for Bee, nor have any sales figures or revenue estimates been released. The device was acquired by Amazon in 2025 and received a feature update in early 2026, but financial metrics remain unavailable.Implications for Professional Productivity and PrivacyProductivity boost: In a real‑world business call, Bee captured the conversation, produced a segmented summary, and allowed the reviewer to skip re‑listening to the full audio.Comparison to rivals: Similar functionality exists in services like Otter and Granola, though Bee’s hardware form factor differentiates it.Privacy trade‑offs: The device requires continuous access to location, contacts, calendar, notifications, and even health metrics. All data is stored in the cloud, protected by encryption at rest and in transit, and subject to third‑party security audits.Potential misuse: Continuous recording could inadvertently capture personal conversations or ambient media, as illustrated by a movie‑night test where Bee labeled a scene as “Tarantino Film Scene Analysis.”Future Outlook for Bee and AI WearablesBee’s roadmap hints at a fully local‑processing version, which could alleviate many privacy concerns if realized. Adoption will likely hinge on Amazon’s ability to balance robust AI features with transparent, minimal data collection. As enterprises seek AI‑driven note‑taking tools, Bee could carve a niche, but consumer acceptance will depend on clearer privacy safeguards and possibly a more affordable price point.
#Amazon #Bee #AI Wearable
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Health May 24, 2026

Syria cannot heal without a rebuilt health system

Syria's recovery from years of conflict is fundamentally dependent on rebuilding its devastated hea…
The LeadAfter more than a decade of devastating conflict, Syria stands at a critical juncture where the restoration of its healthcare system has become the cornerstone of national recovery. The nation's ability to heal—both physically and psychologically—is inextricably linked to the rebuilding of medical infrastructure that has been systematically destroyed during the war.The Collapsed Medical InfrastructureSyria's healthcare system has suffered catastrophic damage throughout the conflict, with reports indicating that over 70% of hospitals and clinics have been destroyed, damaged, or rendered non-functional. The exodus of medical professionals has left the country with a severe shortage of doctors, nurses, and specialized healthcare workers. Essential medical supplies are consistently scarce, while vaccination programs have collapsed, leading to preventable disease outbreaks in vulnerable populations.The Humanitarian ConsequencesThe absence of adequate healthcare has had devastating effects on Syria's population. Maternal mortality rates have increased by over 200%, while infant mortality has risen to levels not seen in decades. Chronic conditions like diabetes and hypertension go untreated, leading to complications and premature deaths. Mental health services are virtually nonexistent, leaving millions traumatized by years of violence with no access to psychological support or counseling.The Road to RecoveryRebuilding Syria's health system requires a comprehensive approach that addresses immediate needs while establishing long-term sustainability. This includes rehabilitating existing medical facilities, establishing supply chains for essential medicines and equipment, training healthcare workers, and implementing public health initiatives. The process must prioritize primary healthcare services that reach all populations, regardless of geographic location or political affiliation.International Challenges and OpportunitiesThe international community has recognized healthcare as a critical component of Syria's recovery, with numerous organizations pledging support for reconstruction efforts. However, significant challenges remain, including political divisions, funding shortfalls, and security concerns that complicate implementation. Sanctions and restricted access to certain medical supplies further hinder progress. Despite these obstacles, the rebuilding of Syria's healthcare system presents an opportunity for international cooperation and a foundation for broader peace and stability in the region.
#Syria #Health System #Reconstruction
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