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Iran is grappling with a deepening economic crisis as the costs of a prolonged conflict strain public finances and push the regime toward greater authoritarian measures. Ordinary Iranians are bearing the brunt of soaring prices, a collapsing currency and shrinking job prospects. The Economic Collapse Following the Conflict The war has drained state coffers, forcing the government to divert resources from social programs to military spending. This reallocation has reduced subsidies on essential goods, intensified shortages and heightened public discontent. Quantifying the Crisis: Inflation, Unemployment, and Currency Devaluation Inflation has accelerated sharply, with reports indicating double‑digit growth in consumer prices over the past year. Unemployment, especially among youth, has risen as private sector activity stalls under heavy sanctions and reduced investment. The national currency continues to lose value against major foreign currencies, eroding savings and import purchasing power. Regional and Global Implications of Iran’s Struggling Economy The economic turmoil is reshaping Iran’s regional posture. A financially strained regime may pursue more aggressive foreign policies to rally nationalist support, while neighboring markets feel pressure from disrupted trade flows and refugee movements. Outlook: Prospects for Reform or Further Decline Analysts warn that without substantial fiscal relief or a de‑escalation of hostilities, Iran’s economy could enter a prolonged downturn. Potential pathways include limited market reforms, renewed diplomatic engagement to ease sanctions, or continued reliance on state control, each carrying distinct risks for the population and the regime’s stability.

Rising rates of youth unemployment have created a split at the top of government over how fast it should meet its promise to give young people the full minimum wage.The Manifesto Promise vs. The Reality CheckPeter Kyle, the business secretary, is understood to believe now is not the time to give 18- to 20-year-olds the full minimum wage, which Labour promised to do in its manifesto. Others believe there is little evidence to show that recent pay rises for low-paid workers have had any effect on unemployment.Torsten Bell, a Treasury minister, told the BBC on Friday morning: “If you look at what the Low Pay Commission said in their annual report, they didn’t find evidence that previous increases in the minimum wage for young people had had an effect on their employment.”The £125bn Cost of InactionThe splits have emerged following a landmark government-backed report this week by the former Labour minister Alan Milburn, who found that youth unemployment was costing Britain more than £125bn a year. Milburn’s report revealed the number of young people not working or studying had surpassed a million for the first time in more than a decade, prompting calls to reduce the pace of youth minimum wage increases.Current Youth Rate: £10.85 (up 8.5% this year)Main Minimum Wage: £12.71 (up 4.1% this year)NEETs (Not in Education, Employment, or Training): Over 1 millionThe Hospitality Sector DilemmaMilburn himself told the News Agents podcast this week: “To get the jobs there for them, you’ve got to make sure the employers are willing to take the risk. If you’re in, say, the hospitality sector or the retail sector, margins tend to be very low. These tend to be sectors that were really badly hit by the cost of living, hospitality in particular.”Tony Blair, the former prime minister, warned in an essay this week that policies such as increasing the minimum wage – which he brought in – had created “headwinds, not tailwinds, for businesses.”The October Low Pay Commission VerdictLabour promised in its manifesto to equalise the rates of the minimum wage for 18- to 20-year-olds with those of workers who are 21 and over but did not say how quickly this would be achieved. Bell said on Friday: “We’re committed to our manifesto that we stood on and we will deliver it. But that manifesto did not set out the timeline.”While he and others in the government believe they should slow down the pace of rises in youth rates of the national minimum wage if there is evidence that it has an impact on employment, they do not yet believe that evidence exists.The commission will tell the government in October what it is recommending for the financial year starting on 1 April 2027; some in government privately hope it will give a recommendation significantly lower than this year’s. Earlier this year ministers even changed their guidance to the LPC to reflect the concerns in government over unemployment among young people, telling it to prioritise employment rates instead.

The Uncertain Future of US College Sports Female athletes and Olympic sports athletes in US colleges are facing an uncertain future. Their college prospects may lie in the hands of a surprising savior – Donald Trump. Trump's Involvement in Sports Trump has a history of involvement in various sports, including owning the New Jersey Generals in the USFL, hosting the Tour de Trump, and participating in the 2004 Olympic torch relay. His Department of Education ensured that Name, Image and Likeness (NIL) compensation need not be equitably distributed under the principles of Title IX. The Executive Order Trump's executive order reads: "Without a national solution to protect the future of competition and opportunity in all college sports, it is possible that the largest college football programs will be forced to seek stability through a negotiated solution that may result in the withdrawal of financial and other resources from women’s and Olympic sports." The Congress is strongly encouraged to expeditiously pass legislation that satisfactorily addresses these issues. The Data Analysis Men's tennis has dropped significantly in Division I – 258 programs in 2010, down to 237 in 2025. Men's wrestling continues to lose its foothold in many schools. Several other Olympic sports are stagnant or slipping. The median college in the Power Five Conferences lost $153.5m in total revenue against $167.2m in total expenses in 2024. The Impact Analysis The concern is legitimate and widely shared. College football coaches like Georgia's Kirby Smart are concerned that "we're going to ruin all the other sports." The new landscape isn't bad for Olympic-sports athletes, but if forced to choose between paying for a couple of basketball players and paying for a wrestling team, colleges would likely lean toward the former. The Prediction If Trump's efforts succeed, some of the status quo will be maintained. If not, schools will be free to make choices of which sports they'll fully fund – or participate at the varsity level at all. Perhaps 25 schools will use all of their allotted track and field scholarships while letting the swimming program skate by with less, and vice versa. Colleges may opt for quality over quantity, focusing on fully funding five or six sports and doing the bare minimum in others.

The 1994 World Cup in the United States was a turning point – a commercialised yet surprisingly raucous tournament that left a lasting impression on the author, who attended as a 23‑year‑old on a modest £9,000 salary.The 1994 World Cup’s Commercial Turn and Fan AtmosphereHosted on American soil for the first time, USA 1994 introduced a more expansive, commercialised model that contrasted sharply with the “couch‑potato” stereotypes of the era. Despite media fears of hooliganism and low‑brow audiences, the event delivered a lively, sometimes chaotic, but ultimately joyous experience for fans, from the tepid crowds in Boston to the electric Irish diaspora celebration in New York.Two matches attended were goalless draws, yet the atmosphere felt “occasionally raucous, often tepid”.British neutral supporters, such as Cardiff fans, helped spark a trend of curious, non‑partisan spectatorship.Ticket prices ranged from $25 (equivalent to $55 today) for a decent seat to $120 for premium access at Giants Stadium.Numbers That Shaped the Tournament: Attendance and Ticket PricesThe tournament set an enduring record for average attendance, with 68,991 spectators per match – a figure that still stands. The relatively low cost of entry allowed a broad cross‑section of fans, from immigrant communities to college students, to experience the World Cup live.Average crowd: 68,991 (World Cup finals record).Typical ticket price: $25 in 1994 ($55 adjusted for inflation).Premium Giants Stadium ticket: $120 each.How USA ’94 Redefined Global Football CultureBeyond the numbers, the tournament fostered a counter‑cultural vibe in the United States. Football was embraced by “convivial geeks and obsessives” and bolstered by immigrant enthusiasm. The Irish community’s celebration in New York turned a simple match into a diasporic festival, while the presence of British fans hinted at a future where World Cups would attract a more diverse, curious audience.These cultural shifts laid groundwork for later developments, such as the creation of Major League Soccer two years later and the massive commercial growth of subsequent tournaments.What the Legacy Means for Future World CupsThe author warns that soaring ticket prices and heightened security may erode the affordable, party‑like atmosphere that defined USA 1994. As future tournaments become more politically charged and financially demanding, the chance for “melting‑pot merriment” could diminish, making the 1994 experience a nostalgic benchmark for fans and organisers alike.

The Incident A disturbing incident has come to light where a police officer accused a disabled driver of holding a phone with a hand that was actually missing. Details of the Case The incident has raised serious questions about police conduct and the treatment of individuals with disabilities. The officer's accusation has been widely criticized as insensitive and inappropriate. Concerns About Police Training This incident highlights the need for better training for law enforcement officers on interacting with people with disabilities. The lack of understanding and empathy displayed by the officer in this case is concerning and warrants further investigation. Impact on Disability Rights The incident has sparked outrage among disability rights advocates, who argue that it is a clear example of systemic ableism and discrimination. The case is likely to have significant implications for police-community relations and the way officers interact with people with disabilities in the future. Calls for Accountability There are growing calls for the officer involved to be held accountable for their actions. The incident is currently under investigation, and it remains to be seen what consequences the officer will face.

UK Slashes Eligibility for the Darwin Initiative, Excluding 89 NationsThe Department for Environment, Food & Rural Affairs (Defra) announced a major reshuffle of the Darwin Initiative, a flagship UK aid programme that has supported biodiversity projects worldwide since 1992. The new criteria will bar 89 countries—spanning most of Africa, Central Asia and parts of Latin America—from receiving any future funding.Scope of the Cuts: Countries and Regions AffectedArgentinaIranSudanChadMaliAngolaArmenia (host of the upcoming UN biodiversity conference)ChinaIndiaMexicoTurkeyOther nations not listed are also slated for exclusion, representing a substantial contraction of the programme’s geographic reach.Why the Reductions Matter for Global BiodiversityConservation experts argue the cuts undermine the United Nations Convention on Biological Diversity (CBD) target of mobilising $30 billion annually for nature by 2030. Andrew Terry, Director of Conservation and Policy at ZSL, warned that “continued cuts and restrictions risk undermining trust that those promises will actually be delivered.” Projects previously funded by the Initiative have tackled peat‑land fires in Indonesia, established Bhutan’s national botanical garden, and supported community‑led climate resilience in vulnerable regions.Potential Ripple Effects on UK International CommitmentsThe move comes just weeks after the UK hosted a major international aid conference, where climate‑and‑nature financing was celebrated. Critics, including Catherine Weller of Fauna & Flora, describe the decision as “shocking” and fear it will erode the UK’s credibility on global environmental pledges. A recent intelligence report flagged ecosystem collapse as a national‑security risk, linking biodiversity loss to food‑price spikes, migration pressures and geopolitical instability.Looking Ahead: Future of Conservation FundingDefra maintains that the remaining budget will be concentrated where “biodiversity loss is most acute and where Darwin Initiative funding can deliver the biggest measurable difference.” However, with only two G20 economies—Brazil and Indonesia—still eligible, the programme’s global footprint will be markedly reduced. Observers anticipate further austerity measures across UK nature‑related aid, potentially prompting NGOs to seek alternative financing streams or to lobby for policy reversals ahead of the October biodiversity summit in Armenia.

The Complete Entertainment LandscapeThis week offers a diverse range of entertainment options across cinema, music, art, and more. Whether you're looking to head out or stay in, there's something for every cultural enthusiast.New Cinema ReleasesBackrooms - Out now: This A24 horror film capitalizes on the internet phenomenon of Backrooms, featuring an infinite empty limbo where characters wander hoping not to encounter Entities. Starring Chiwetel Ejiofor, Renate Reinsve and Mark Duplass.Power Ballad - Out now: A feelgood drama about a wedding singer (Paul Rudd) who befriends a down-on-his-luck boyband star (Nick Jonas), leading to a hit single and subsequent resentment. Directed by John Carney.Tuner - Out now: A piano tuner with heightened hearing who also becomes a world-class safe cracker, leading to chaos. Stars Leo Woodall.Leonora in the Morning Light - Out now: A drama about surrealist painter Leonora Carrington, featuring encounters with Salvador Dalí, André Breton and Max Ernst. Based on the book by Elena Poniatowska.Live Music PerformancesCallum Au Big Band - Kings Place, London, 30 May: Composer-arranger and trombonist Callum Au showcases his mastery of styles from swing to salsa, funk and postbop jazz, launching his new album Sing Seven Seas.Twice - The O2, London, 3 & 4 June: The nine-piece K-pop girlband's world tour in support of their album "This Is For" features their shiny, genre-hopping discography plus solo work.Lany - 2 to 6 June; tour starts Glasgow: The LA soft-rock duo celebrates their discography with lyrically introspective songs like Super Far and Malibu Nights.Handel's Orlando - Longborough Festival Opera, Moreton-in-Marsh, 30 May to 7 June: The festival kicks off with Handel's chivalric tale directed by Sinéad O'Neill, featuring rising stars and the Academy of Ancient Music.Art ExhibitionsCamille Henrot - The Perimeter, London to 25 July: This French artist's exhibition focuses on her drawings, known for being dense, complex, and hyper-conceptual.

The Lead: This Week's Entertainment HighlightsThis week's entertainment landscape offers a diverse array of critically acclaimed shows and films, from hilarious comedies to chilling horror. Channel 4's "Make That Movie" stands out as one of the funniest shows of the year, while Netflix's "The Four Seasons" returns with a brilliant second season. Horror fans can explore the disturbing world of "Backrooms," while Marvel offers a stylish take with "Spider-Noir."TV Comedy Gold: Make That MovieChannel 4Summed up in a sentence Last One Laughing finalist delivers one of the funniest shows of the year, with this mockumentary about a director who makes awful films.What our reviewer said "So ostentatiously silly that it deserves to be paraded around the streets." Stuart HeritageRead the full reviewFurther reading "People are like: you're a crackpot": how Sam Campbell became comedy's oddball superstarNetflix Triumph: The Four Seasons ReturnsNetflixSummed up in a sentence Tina Fey triumphs again with the return of this comedy about a group of middle-aged friends who reunite during holidays throughout the year.What our reviewer said "Even more perspicacious, poignant and hilarious than the first." Chitra RamaswamyRead the full reviewMarvel's Stylish Take: Spider-NoirPrime VideoSummed up in a sentence In Marvel's witty homage to the hard-boiled films and fictions of the 40s – which can be watched in colour or black-and-white – Nicolas Cage plays Ben Reilly, who gave up being superhero "the Spider" five years ago.What our reviewer said "Everything is shot with style and confidence." Lucy ManganRead the full reviewFurther reading The life of PIs: the strange case of 2026's resurgence of hard-boiled detectivesHidden Gem: PoniesNow/Sky AtlanticSummed up in a sentence Emilia Clarke and Haley Lu Richardson have heaps of fun as two widows who become cold war spies in this espionage comedy-drama.What our reviewer said "It's a mashup of genres and tropes, but it is its own thing too – and an unexpected treat at that." Lucy ManganRead the full reviewHorror Innovation: BackroomsIn cinemas nowSummed up in a sentence A debut from 20-year-old director Kane Parsons that examines memory, reality and fear in an icily disturbing horror, in which Chiwetel Ejiofor accesses an infinite series of hidden rooms that all feel creepily askew.What our reviewer said "Backrooms progressively raises its game towards the big finish with jump scares, squirm scares and tiny shiver scares. There is real fascination in exploring this vast, invisible city state of fear." Peter BradshawRead the full reviewFurther reading Are you sitting uncomfortably? How Backrooms upended the horror movieMusic and Bromance: Power BalladIn cinemas nowSummed up in a sentence Nick Jonas and Paul Rudd star in a comedy of bromance and betrayal from Irish writer-director John Carney that brilliantly brings together Rudd's washed-up wedding singer and Jonas's insecure ex-boyband superstar.What our reviewer said "Power Ballad is about making it and dreaming big, about every busker never giving up on hopes of one day being mega. But as so often with Carney, it's about something else, usually left unacknowledged in movies about music or any sort of show business: the terrible binary of success and failure." Peter BradshawRead the full reviewUnexpected Pairing: TunerIn cinemas nowSummed up in a sentence Playing a piano tuner with super-sensitive hearing, Leo Woodall's relationship with Dustin Hoffman is a tender highlight in this safe-cracking thriller.What our reviewer said "What a pair they are; they are a real pleasure to watch in an easy, unforced drama that mixes romcom moments with a relaxed crime thriller. It's like the Safdie brothers in chill-out mode." Cath Clarke

Leïla Slimani’s Madrid Residency: Finding Light in Goya’s DarknessFrench-Moroccan author Leïla Slimani is currently in Madrid, utilizing the Museo del Prado as a sanctuary for her next literary work. Her deep dive into Francisco Goya’s Black Paintings reveals a writer obsessed with the darkness of the human condition.The Residency and the Black PaintingsSlimani is participating in Writing the Prado, a residency inviting international authors to produce new work inspired by the museum. She is particularly drawn to Goya’s later works, which depict violence, fate, and societal disillusionment. Slimani explains that Goya painted the future, seeing things others did not, and that his bleak outlook resonates with her own preoccupations.Location: Museo del Prado, MadridResidency: Writing the PradoPrimary Inspiration: Goya’s Black Paintings (e.g., Saturn Devouring His Son)The Cultural Impact of Literary PrestigeWhile the article focuses on a residency, Slimani’s career trajectory highlights the immense cultural capital of literary recognition. Her success is not just personal but systemic.Award: First Moroccan woman to win the Prix Goncourt (2016) for Lullaby.Role: Appointed by President Emmanuel Macron as a representative for promoting French language and Francophone culture.Her presence in Madrid as a cultural ambassador demonstrates how high-profile authors bridge the gap between national identity and global literature.The Intersection of Trauma and Artistic ExpressionSlimani’s work is driven by a formative family trauma: the arrest and imprisonment of her father on financial charges. She describes her early impulse to write as driven by anger and a desire for revenge.“Literature is probably the best way to give justice back to people who are not understood or listened to,” she says. Her ability to transform personal pain into universal empathy—allowing readers to feel tenderness for characters they might reject in real life—defines her impact on modern literature.The Future of Cross-Cultural Literary InspirationSlimani is currently working on a new project inspired by the Prado, signaling a continued evolution in her style. Her upcoming work, I’ll Take the Fire, focuses on her family history, suggesting that her future writing will continue to explore the tension between nostalgia and the necessity of moving forward.As she navigates the complexities of being a French-Moroccan writer, Slimani’s journey suggests a future where literature will increasingly serve as a tool for deconstructing rigid cultural identities and embracing the contradictions of the human experience.