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Qantas announced a fare increase and a 5% reduction in domestic capacity for May and June, responding to a rapid shift in passenger demand away from airlines that transit the conflict‑ridden Middle East. In a market update released on Tuesday, the carrier said it is redeploying aircraft from its U.S. and domestic networks to capture strong interest in Europe‑bound travel, especially to Paris and Rome. The move follows service cuts by Persian Gulf carriers such as Emirates, Etihad and Qatar Airways, which have scaled back flights amid the escalating Iran conflict. To accommodate the new focus, Qantas and its low‑cost arm Jetstar will cut capacity across their domestic networks by about 5%, trimming frequencies on key inter‑city routes and suspending several regional services. Four temporary suspensions will take effect in mid‑May: Melbourne‑Hamilton Island, Melbourne‑Coffs Harbour, Sydney‑Busselton and Darwin‑Gold Coast. In addition, the Adelaide‑Mount Gambier route will be discontinued indefinitely due to low demand and soaring fuel costs. The airline warned that its jet‑fuel expenses are set to rise sharply, projecting a second‑half 2026 fuel bill of $3.1‑$3.3 billion, up from the previously forecast $2.2 billion. This surge is driven by higher oil prices linked to the Iran conflict. To offset the cost pressure, Qantas has already raised ticket prices and signalled that “further action” – likely additional fare hikes – may be necessary. While airlines typically use hedging contracts to lock in fuel prices, the current volatility limits the effectiveness of such safeguards. Following the market update, Qantas shares slipped more than 3% in early trading before stabilising, reflecting investor concern over the combined impact of higher fares, reduced domestic capacity, and elevated fuel costs.

A French court has convicted cement giant Lafarge of financing terrorism through its Syrian subsidiary, fining the company €1.12 million ($1.32m) and confiscating €30 million ($35.1m) worth of its assets. The court also sentenced former CEO Bruno Lafont to six years in jail.The Paris court ruled that Lafarge had paid protection money directly to ISIL (ISIS) and other armed groups, breaching European sanctions to operate in northern Syria during the country's civil war in 2013-2014. The company paid a total of €5.59 million ($6.55m) to armed groups in Syria, including to ISIL and the al-Nusra Front.The court found that Lafarge's payments helped to strengthen groups that carried out deadly attacks in Syria and beyond. The company's former deputy managing director, Christian Herrault, was sentenced to five years in jail, while other former employees received fines and sentences ranging from one to seven years.The case marks the first time a company has been tried in France for financing terrorism. Lafarge, now part of Swiss building materials conglomerate Holcim, acknowledged paying nearly €13 million ($15.2m) to middlemen to keep its Syrian cement factory running during the war. The company claimed it bore no responsibility for the money winding up in the hands of armed groups.In a separate case in the United States, Lafarge admitted to paying $6m to ISIL and the al-Nusra Front to allow employees, customers, and suppliers to pass through checkpoints. The company paid $778m in forfeiture and fines as part of a plea agreement.

The Evolution of Enterprise AutonomyMicrosoft is quietly pivoting from reactive AI assistants to proactive, autonomous agents within its ecosystem. The tech giant is currently testing a new feature set for Microsoft 365 Copilot that mimics the capabilities of the open-source OpenClaw agent. This move signals a strategic shift toward "always-on" intelligence that can execute multistep tasks autonomously, rather than merely responding to user prompts. Microsoft's "Always-On" Copilot StrategyThe core innovation of this potential new agent is its ability to function continuously. Unlike previous iterations that required active user engagement, this tool would be designed to take actions at any time, effectively acting as a persistent digital assistant. Microsoft has confirmed to The Information that the focus is on enterprise customers, specifically addressing the security concerns that have historically plagued open-source alternatives. Autonomous Execution: Capable of handling multistep workflows without constant supervision. Enterprise Focus: Prioritizing security controls over the flexibility of open-source tools. Integration: Built directly into the existing Microsoft 365 ecosystem. Cloud vs. Local: The Hardware ImplicationWhile the source material suggests a comparison with OpenClaw—which runs locally on hardware like the Mac Mini—Microsoft has not confirmed if this new agent will be local or cloud-based. However, the trend is clear. The company previously launched Copilot Cowork (powered by Anthropic's Claude) and Copilot Tasks, both of which operate in the cloud. The potential shift to a local execution model would explain the recent surge in Mac Mini sales, as users seek hardware capable of running these resource-intensive, privacy-focused agents. Why This Matters for Enterprise SecurityThe primary driver for this development is the "trust gap" in enterprise AI. Open-source agents like OpenClaw offer powerful automation but carry significant security risks. By creating a proprietary version, Microsoft aims to offer the autonomy of open-source tools with the governance of a major corporation. This aligns with Microsoft's broader strategy of anchoring AI experiences in security, governance, and trust, reducing the friction of daily operations for enterprise workers. Expectations for Microsoft Build 2026Industry analysts predict that this new agent—or an upgraded version of existing tools—will be a centerpiece of the upcoming Microsoft Build conference in June. While the company remains tight-lipped about the specifics, the spokesperson's confirmation that they are "experimenting" with broader orchestration and autonomy suggests a major reveal is imminent. This development could redefine how businesses interact with their software stack, moving from a tool-based model to an agent-based model.

In a vivid display of dissent, demonstrators assembled in Paris to condemn a draft law described by opponents as a ‘liberty‑killing’ anti‑Semitism bill. The rally underscored growing concerns that the legislation could erode civil liberties while attempting to combat hate speech. Participants voiced their alarm that the bill’s provisions might set a precedent for broader restrictions on free expression, urging lawmakers to reconsider its wording.

Jannik Sinner overcame Carlos Alcaraz in straight sets (7‑6(5), 6‑3) to capture the Monte Carlo Masters, marking his first clay‑court Masters title and restoring his position as the ATP world number one.The win represents Sinner’s fourth consecutive Masters 1000 triumph—following victories in Paris, Indian Wells and Miami—and his eighth Masters crown overall. By doing so, he joins Novak Djokovic as the only player to combine the “Sunshine Double” (Indian Wells and Miami) with a Monte Carlo title in the same season, a feat first achieved in 2015.Speaking after the match, Sinner praised the high level of play from both competitors and noted the challenging, windy conditions that persisted throughout the tournament. “Winning this trophy on clay means a lot, but the ranking is secondary,” he said, emphasizing his focus on performance over points.Alcaraz, the defending champion, acknowledged Sinner’s composure in crucial moments, admitting he missed several key opportunities. “It’s impressive what you are achieving right now… only one man in the Open Era has done the Sunshine Double and then Monte Carlo, and you are the second,” Alcaraz remarked, highlighting the rarity of Sinner’s accomplishment.The final was a showcase of the burgeoning “Sincaraz” rivalry, with both players trading early breaks before Sinner rallied from a 5‑6 deficit in the first set tiebreak. After securing the opening set, he dominated the second, serving flawlessly to close out the match.Beyond the personal milestone, Sinner’s victory reshapes the ATP hierarchy, ending Alcaraz’s reign at the top and reinforcing the Italian’s status as a dominant force on multiple surfaces. Analysts predict his momentum will influence the upcoming Grand Slam calendar, especially the French Open, where his clay‑court confidence will be a decisive factor.

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.

A French court has fined Lafarge, a French cement maker, more than €1m (£870,000) and sentenced its former boss, Bruno Lafont, to six years in prison for paying protection money to Islamic State and other terror groups to maintain its business in war-torn Syria from 2013 to 2014.The ruling follows a 2022 case in the United States in which Lafarge pleaded guilty to conspiring to provide material support to US-designated “terrorist” organisations and agreed to pay a $778m fine (£580m). This was the first time a company had faced the charge.The Paris court found that Lafarge, which is now part of the Swiss conglomerate Holcim, paid nearly €5.6m via its subsidiary Lafarge Cement Syria (LCS) to terror groups and intermediaries to keep its plant operating in northern Syria.The company’s former chief executive, Bruno Lafont, was sentenced to six years in prison for financing terrorism, which a judge ordered him to start serving immediately. Lafont’s lawyer said he would appeal.The presiding judge, Isabelle Prevost-Desprez, said: “This method of financing terrorist organisations, and primarily IS, was essential in enabling the terrorist organisation to gain control of Syria’s natural resources, allowing it to finance terrorist acts within the region and those planned abroad, particularly in Europe.”Lafarge established a “genuine commercial partnership with IS”, she said, which added to the “extreme gravity of the offences”.Lafarge had finished building a $680m factory in Jalabiya in 2010, just before Syria’s civil war erupted in March the following year amid opposition to the brutal repression of anti-government protests by the then president, Bashar al-Assad.While other multinational companies left Syria in 2012, Lafarge evacuated only its expatriate employees and left its Syrian staff in place until September 2014, when IS seized control of the factory.In 2013 and 2014, LCS paid intermediaries to access raw materials from the Islamic State organisation and other groups and to allow free movement for the company’s trucks and employees. It paid groups including Islamic State and Syria’s then al-Qaida affiliate Jabhat al-Nusra.

Manchester United's recent loss to Leeds United has exposed the team's shortcomings, particularly in terms of squad depth. The absence of Kobbie Mainoo and Harry Maguire was keenly felt, as their replacements struggled to make an impact.The midfield, in particular, was affected by Mainoo's absence, with Manuel Ugarte failing to live up to expectations. Ugarte, who cost £50m from Paris Saint-Germain almost two years ago, has never justified his price tag, and his performance against Leeds only added to the concerns.The team's defense was also vulnerable, with Lisandro Martínez struggling to cope with the physical threat of Leeds' Dominic Calvert-Lewin. Martínez's frustration ultimately led to his dismissal, which further compounded United's problems.The loss has highlighted the need for United to strengthen their squad, particularly in central midfield. With Casemiro's departure already confirmed and Ugarte's dependability in question, it is little wonder that United are focusing on this area. Elliot Anderson is a key target, while Carlos Baleba, Adam Wharton, and Sandro Tonali are also highly regarded at Old Trafford.Despite the setback, Michael Carrick will take comfort from seeing his team's mental resilience in tough circumstances. However, to compete on all fronts, United will require a busy summer of recruitment to address their squad shortcomings.

Liverpool FC is gearing up for a crucial Champions League showdown against Paris Saint-Germain, with manager Arne Slot expressing confidence in his team's ability to turn the tide in their favor. The Reds are facing a daunting task, having lost 2-0 in the first leg at Parc des Princes.Slot emphasized that his team must deliver a great performance to overcome the European champions, stating that while the task is complicated, it is not impossible. He drew on his team's past successes, highlighting that in 36 of their 50 home games under his management, Liverpool has scored two or more goals.The Liverpool head coach is instilling belief in his players, citing examples of their ability to perform at a high level, even against strong opponents. He noted that his team has shown resilience in the face of adversity, such as coming back from 4-0 down against Manchester City in the FA Cup.Dominik Szoboszlai, Liverpool's midfielder, echoed Slot's sentiments, urging his teammates to go 'all in' from the first minute to the final whistle to knock out PSG. Szoboszlai expressed his desire to secure a win, stating that anything can happen at Anfield in a one-off game.Meanwhile, PSG's manager, Luis Enrique, warned his players not to underestimate Liverpool, cautioning that there could be pitfalls and that the game can change quickly. He emphasized the importance of taking care of details and not allowing Liverpool to benefit from their home crowd and noise.