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The End of a Lengthy Shutdown Iran's stock market has reopened after a near-three-month closure, with a controlled reopening that allowed investors to generate some liquidity. The Tehran Stock Exchange was closed due to the US-Israel war, which had a significant impact on the country's economy. Market Reopening Details The reopening was limited, with about a third of the market's main players absent to protect shareholders from the effects of the war. A total of 42 ticker symbols for companies representing about 36% of the market were offline. Trading windows were extended by one hour on both days to facilitate the reopening. Economic Impact Analysis The market's reopening was marked by modest gains, with the TEDPIX index seeing a 44,000-point increase on Wednesday to stand at over 3,758,000. However, the underlying economic troubles persist, with steep inflation plaguing Iran in recent months. The real price of shares has been reduced, and a sharp fall in the value of the Iranian rial against the US dollar has made export-oriented companies appear more attractive. Challenges Ahead Economist Mehdi Haghbaali noted that the two-day reopening went better than expected, but this could be more rooted in how bad the economy already was rather than a genuinely positive sign. He warned that trade has been severely disrupted, exporters will face difficulties maintaining operations, and rising inflation will further hinder the creation of real value, which will be reflected in stock valuations. Future Outlook The inflation rate was over 70% in late April, and the situation has only gotten worse with the US imposing a naval blockade of Iran's southern ports. Facing a huge budget crunch, the government's room to respond has been limited. A peace agreement between the US and Iran could fundamentally change the outlook, improve market expectations, and provide relief to the economy.

Jhonatan Narváez secured his third stage win of the 2026 Giro d’Italia by out‑sprinting Enric Mas on the final climb of stage 11, as Afonso Eulálio held onto the overall lead.Stage 11 Showdown: Narváez Beats Mas on the Final ClimbThe 195km route from Porcari to Chiavari featured three categorized climbs. After a lively breakaway, the peloton regrouped and a 12‑man group surged ahead on the second climb, gaining over three minutes on the main field. On the uncategorized climb before the finish, Mas launched an attack, but Narváez responded and held him off to the line.Winner: Jhonatan Narváez (UAE Team Emirates XRG)Runner‑up: Enric Mas (Movistar)Third place: Diego Ulissi (XDS Astana)Stage distance: 195kmNumbers on the Road: Time Gaps and Stage StatsThe breakaway group finished more than 3 minutes ahead of the peloton that contained all GC contenders. Afonso Eulálio kept his 27‑second advantage over race favourite Jonas Vingegaard in the general classification.Implications for the General ClassificationWith the pink jersey unchanged, the battle for overall victory remains focused on the upcoming mountain stages. Mas, a three‑time Vuelta runner‑up, is now out of contention for the overall win, while the GC group will look to limit losses before the next decisive climbs.Looking Ahead: What Stage 12 Holds for the Pink JerseyStage 12 is a flat 175km ride from Imperia to Novi Ligure. The route offers a chance for sprinters but also a strategic window for teams protecting the leader to control any breakaways and preserve Eulálio's lead.

The Restructuring Plan Enterprise software giant Intuit is letting 17% of its staff go, or about 3,000 people, as it seeks to divert resources toward baking AI into its products. The layoffs are meant to reduce complexity by simplifying the company’s corporate structure and help it focus on AI efforts. The Company's AI Strategy The company, which makes accounting, tax, and personal finance software like TurboTax, QuickBooks, and Credit Karma, had 18,200 employees worldwide as of July 2025. Intuit's CEO Sasan Goodarzi said the layoffs will help the company focus on AI efforts. The Financial Impact Intuit's CEO Sasan Goodarzi's salary was worth $36.8 million, including cash incentives and stock awards, during fiscal 2025. The company reported revenue of $4.65 billion, a 17% increase, and net profit of $693 million, a 48% improvement compared to a year earlier. The Industry Trend The layoffs come during a bad year for the tech workforce. The tech industry has already cut more than 100,000 jobs this year, and is on track to outpace both 2024 and 2025 if the layoff trend continues. Companies such as Amazon, Block, Cisco, Cloudflare, Meta, Microsoft, and Oracle have let go of thousands of employees each, all of them citing a need to refocus expenditures around AI projects as a reason to cut jobs and restructure their organizations. The Future Outlook Intuit, however, hasn’t been perceived as a beneficiary of the AI boom, with its shares consistently underperforming in the broader S&P; 500 over the past 12 months. The company expects revenue to increase by about 10% in the third quarter.

Early‑stage evidence from a University of Bristol randomised controlled trial suggests that the anti‑inflammatory drug tocilizumab may improve symptoms in patients with moderate‑to‑severe depression who have not responded to standard antidepressants.Trial Overview: Testing Tocilizumab for Treatment‑Resistant DepressionThe study examined whether blocking the IL‑6R receptor could alleviate depressive symptoms. Key design elements:Participants: 30 adults with moderate‑to‑severe depression unresponsive to conventional medication.Intervention: Intravenous tocilizumab versus placebo.Duration: four‑week double‑blind period.Outcomes measured: depression severity, fatigue, state anxiety, and quality of life.Key Numbers: Sample Size, Remission Rates, and NNTAlthough the trial was not powered to reach statistical significance, observed trends were notable:Depression remission: 54% in the tocilizumab group vs 31% in the placebo group.Number Needed to Treat (NNT): 5, meaning five patients would need treatment for one additional remission.For comparison, the NNT for first‑line SSRIs is approximately 7.The lack of robust statistical proof reflects the small cohort, underscoring the need for larger studies.Potential Shift in Depression Treatment ParadigmsResearchers describe the trial as an “important milestone” because it is:One of the first randomised trials to test immunotherapy for depression.The inaugural study targeting the IL‑6R pathway in this context.A proof‑of‑concept for selecting patients based on biological markers.Given that up to one‑third of depressed patients do not improve with existing pharmacotherapies, a biologically driven approach could expand therapeutic options and move psychiatry toward more personalised care.What Comes Next: Larger Studies and Clinical ImplicationsThe investigators plan to:Conduct larger, multi‑centre trials to confirm efficacy and safety.Explore longer treatment durations and dosage optimisation.Assess whether IL‑6R blockade can be combined with existing antidepressants.If subsequent trials replicate these findings, immunotherapy could become a viable adjunct or alternative for treatment‑resistant depression, potentially reshaping clinical guidelines and drug development pipelines.

The Apology and Investigation Channel 4's chief executive, Priya Dogra, has stood by the broadcaster's treatment of concerns raised by contestants on Married at First Sight, as she said she was “deeply sorry” for the distress of female participants making allegations of rape and sexual misconduct. Dogra said she believed the channel had acted appropriately at the time of the allegations, but had commissioned an external review to ensure the show was safe for those taking part. Allegations and Concerns An edition of the BBC's Panorama aired allegations by two women that they were raped by their on-screen husbands on Married at First Sight (MAFS) UK. They have not been named. A third woman, who agreed to be identified, Shona Manderson, accused her on-screen husband of subjecting her to a non-consensual sex act. All the men deny the claims. The BBC has since been contacted by a number of former MAFS UK cast members raising concerns, according to its culture and media editor, Katie Razzall. Response from Authorities The Metropolitan police also reiterated its appeal to anyone with allegations of abuse during the show to come forward. They are already in touch with Channel 4 and CPL, the independent production company that makes the show for the broadcaster. “We are ready to listen to them,” said the Met assistant commissioner Matt Twist. “We are ready to investigate.” Future Actions and Review Speaking at Channel 4's annual report, Dogra said that while she believed the broadcaster had acted appropriately, she had ordered external reviews to take a “second look”, given she only took up her role in March. “I have watched the programme and heard the women's accounts, which are very troubling,” she said. “Their distress is clear, and for that I am, of course, deeply sorry. Ian Katz, Channel 4's chief content officer, said: “I am very confident that, based on the knowledge that we had at the time, that we made the right decisions, that we ensured that women involved were kept safe when any issues were raised to us, that we gave them the appropriate support – and that we took the right decisions through the production process and beyond that. “But obviously these are serious allegations, and it's clearly right to take a second look at them and make sure that we got it right at the time and more importantly to look at whether there's anything we need to learn about how to make the show in future.” Reaction from MPs MPs on the Commons culture select committee have now written to Channel 4 about its handling and to Ofcom about its involvement, as well as the timeline for launching its own investigation into the allegations. Caroline Dinenage, the Conservative chair of the committee, said: “The horrifying allegations about Married at First Sight raise serious concerns over whether enough is being done to protect people taking part in reality television. Both Channel 4 and Ofcom, as the broadcasting regulator, have urgent questions to answer.”

Shelagh Stephenson stages a spiky, after‑life comedy that pairs Mary Astell—England’s first feminist—with the canonical novelist Virginia Woolf. The two women, played by Phillippa Wilson and Tessa Parr, sip sherry, argue about religion, science and patriarchy, and ultimately expose how far feminist battles have come and how far they still have to go.The Play’s Premise: Aster and Woolf in a Shared AfterlifeThe narrative drops Astell into a liminal space that is neither purgatory nor heaven, a repository for women on the brink of historical oblivion. Woolf, already cemented in the literary canon, roams freely. Their contrasting fates—Astell shackled to a rope, Woolf unbound—set up a witty double act that explores independence, the silencing of women, and a surprisingly late‑developing taste for sherry.Production Details and Run InformationVenue: Live Theatre, NewcastleRun: Until 6 June 2026Director: Karen TraynorCast: Phillippa Wilson (Astell) & Tessa Parr (Woolf)Critical Assessment: Wit Over DramaStephenson’s script, the third in her “Cullercoats trilogy,” uses rapid banter and sharp humor to trace feminist progress from the 17th‑century treatise A Serious Proposal to the Ladies to modern literary discourse. While the dialogue is brisk and often silly, the play leans more toward conversation than high drama, leaving the deeper urgency of the feminist struggle somewhat under‑explored.Impact on Contemporary Feminist TheatreBy juxtaposing two women separated by centuries, the production spotlights enduring themes—patriarchal oppression, the fight for education, and the reclamation of agency. It signals a growing appetite in UK theatre for works that revisit historical feminist figures, encouraging audiences to reconsider the lineage of women’s rights activism on stage.Looking Ahead: The Future of Feminist Narratives on the UK StageIf the mixed critical response translates into audience interest, theatres may commission more plays that blend historical scholarship with contemporary humor. Expect a rise in productions that pair archival research with accessible comedy, using familiar literary icons to draw new, diverse audiences into feminist conversations.

The Lead: Ending the 22-Year DroughtArsenal have ended a 22-year wait to be crowned Premier League champions after Manchester City were held 1-1 by Bournemouth. Mikel Arteta's men held off the challenge of Pep Guardiola's second-place City to seal a long-awaited triumph with one game to spare.Tactical Innovation: The Set Piece RevolutionArsenal's title-winning campaign has been built on a back-to-basics approach that has revolutionized their set-piece strategy. For a couple of seasons, Arteta's Arsenal have been the emblem of a more pragmatic approach in English football, moving away from the era of pretty passing under Guardiola and heavy-metal football under Jurgen Klopp.The Gunners have mastered set pieces with Gabriel Magalhaes a menace at corners, Declan Rice key with his pinpoint throws and dead-ball deliveries, and Victor Gyokeres providing a robust striking option. More than 40 percent of Arsenal's Premier League goals this season have come from dead ball situations, with 18 of their 28 set-piece goals coming from corners – a new single-season Premier League record.Key Performances: Leadership Between the Posts and in MidfieldDeclan Rice and goalkeeper David Raya have stood out for Arsenal this season, putting them among the favorites for English football's Player of the Year award. Rice's leadership, energy in midfield, and set-piece delivery have made him an integral member of the team and one of England's key players heading into the World Cup.Raya has helped Arsenal keep 19 clean sheets, earning him the Golden Glove award for the third straight year. "David Raya, for me, has to be the player of the season," former Arsenal captain Patrick Vieira told Sky Sports. "I think he was outstanding from the first game until the end of the season. I think he was really impressive."Throw in Gyokeres scoring 21 goals in all competitions in his first season at the club, and it is clear that Arteta has built the most well-rounded team of his tenure.Squad Depth: Overcoming the Injury CrisisInjuries played a ruinous role in Arsenal's failed pursuit of Liverpool last season. However, the decision to invest heavily in bulking out Arteta's squad paid off this season despite injuries to key players like Saka, Magalhaes, Martin Odegaard, Kai Havertz, and Jurrien Timber.New signings Gyokeres, Eberechi Eze, Martin Zubimendi, Noni Madueke, Piero Hincapie, and Cristhian Mosquera have all made significant contributions to get Arsenal over the line in the Premier League and within one game of winning the Champions League for the first time.Mental Fortitude: Building Resilience Through AdversityFinishing as runners-up in the Premier League for the past three years saw Arsenal's players and Arteta derided as "nearly men", even chokers, by many football pundits. However, this period built up the prerequisite experience and resolve to finally launch a successful tilt at the title.Arteta kept believing in his squad and came up with unorthodox methods to inspire his players. A professional pickpocket was reportedly hired for a preseason dinner to highlight the need for alertness, while a lightbulb was brought into the locker room before one game to demand that the team "shine" at Emirates Stadium. Recently, TikTok videos featuring fan chants were played on big screens during practice sessions.Arsenal have been mentally tougher this season, holding on after yet another strong start and seeing it through to the end despite City's trademark late-season rally.The Competitive Landscape: When 82 Points Was EnoughArsenal accumulated more points two years ago when they were pipped to the title by City despite winning 16 of their final 18 games. Over the past decade, City and Liverpool have often set the bar high, winning the league with more than 90 points.This time, 82 was enough to see Arsenal over the line. Despite taking the title race into the final week of the campaign, City lacked the same consistency and relentlessness of Guardiola's best sides while Liverpool's title defense imploded.

UK Grants Indefinite Licence for Russian‑Refined Jet Fuel and DieselThe United Kingdom announced an indefinite trade licence, effective from Wednesday, that relaxes sanctions on Russian jet fuel and diesel processed in third countries such as India and Turkiye. The licence will be reviewed periodically and also covers a temporary waiver for liquefied natural gas from selected Russian plants.Economic Rationale Behind the Policy ShiftLondon says the decision is a “time‑limited” response to unprecedented fuel‑price pressure caused by the closure of the Strait of Hormuz and the ongoing Iran‑Russia war. By allowing cheaper Russian‑refined products, the government hopes to curb inflationary pressures on transport and aviation sectors.Fuel prices have surged across Europe, with diesel and jet fuel benchmarks up over 30% year‑to‑date.The licence applies to oil refined outside Russia, sidestepping direct imports of Russian crude.Review cycles are set to occur every few months, though the licence itself has no fixed end date.Potential Fiscal and Market ImpactWhile exact cost savings are not disclosed, analysts estimate that the policy could shave up to £200 million off annual fuel‑related expenditures for UK airlines and logistics firms. However, the move may also expose the UK to criticism for weakening the sanctions regime that has been a cornerstone of its Ukraine support strategy.Geopolitical Repercussions and Domestic OppositionEU economy commissioner Valdis Dombrovskis warned that easing pressure on Russia contradicts the collective G7 stance. Within Britain, opposition Conservative leader Kemi Badenoch denounced the licence as a betrayal of the “standing up to Putin” narrative.Outlook for UK Energy Policy and SanctionsFuture steps will hinge on the trajectory of global oil supply disruptions and the durability of the US sanctions waiver, which was recently extended for a second time. Treasury minister Dan Tomlinson emphasized that the licence is narrowly scoped and will be rescinded if market conditions improve, suggesting a cautious, reversible approach to energy security.

The LeadOver breakfast in one of the swankiest hotels in Caracas, US officials, diplomats and spies now call many of the shots in Venezuela after Donald Trump's controversial military intervention on 3 January. The five-star JW Marriott has become the nerve center of Washington's efforts to steer a country some now call a US protectorate – and which Trump has even said he hopes to turn into the 51st state.The New American EmbassySince Trump's decision to snatch Maduro in January and reboot relations with his successors, the JW Marriott has effectively become the US embassy in Venezuela. "It's [effectively] the US embassy. I don't think anybody's going to work at the actual embassy," said Phil Gunson, a Caracas-based political analyst for Crisis Group.Having been closed for seven years since the collapse of diplomatic relations in 2019, "the embassy building is full of rats and cockroaches, and it's being fumigated," Gunson explained. The conversations that can be overheard in the JW Marriott's restaurant offer a fascinating insight into Venezuela's plight as it emerges from nearly 13 years of economic mayhem and authoritarian rule under Maduro.The Corporate TakeoverIf the $250-300-a-night JW Marriott – or "the spooks hotel" as some journalists call it – is the HQ of the US presence in Venezuela, it is at another luxury hotel a few miles away where many of the big-money deals are being done. Since Maduro's downfall, foreign tycoons have been flocking to the Cayena, where rooms cost about $600 a night, wagering that even if interim president Delcy Rodríguez stays in power and there is no transition to democracy, Venezuela's economic future looks bright.One deal-maker who has spent time there recalled encountering at least four foreign billionaires they could identify – but believed there were others whose names they did not know. "They never give you a card. They don't give you their last names … and what is very interesting to me is that they are all asking about the same things: mining and privatizations," they said.Venezuelan ResistanceThe Trumpian takeover has generated widespread discomfort, even among patriotic members of Venezuela's elites who were glad to see the back of Maduro but privately bristle at the suggestion that their country is being turned into a US colony. After giving Rodríguez his blessing in January, Trump warned she would face an even worse fate than Maduro if she failed to toe the US line.On the streets there is anger too. During a Workers' Day rally on 1 May, a socialist economist called Oswaldo Pacheco marched towards a line of riot police wielding a white banner denouncing the government's "neocolonial collaboration" with Trump. "It's a complete capitulation," complained Pacheco, 53, accusing Venezuela's new rulers of following US orders "to the letter". "Clearly these [US] demands are not about bringing us democracy but about plundering our resources and increasing worker exploitation," he said.The Future of a ProtectorateAcross the street sits the Juan Sebastian Bar, a jazz and salsa nightclub named after Johann Sebastian Bach, where foreign visitors can let off steam. Throughout the day, English-speaking officials and fortune hunters can be seen roaming the 17-floor redbrick building, which has nearly 300 rooms, a gym and a palm-flanked pool. Bullet-proof SUVs wait outside to ferry guests, who include Trump's top diplomat to Venezuela, John Barrett, around town.Among Caracas-bound capitalists the mood is buoyant, even if huge doubts remain over Venezuela's future and, above all, its democracy. At a third luxury hotel, the Renaissance, a Venezuelan oil man waxed lyrical about his country's post-Maduro prospects. "This is going to be the best country in the world," he predicted, declaring: "I'm more than optimistic."