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In the face of rising fuel costs, Sydney commuters are increasingly turning to bicycles as a viable alternative for their daily commutes. This shift is reminiscent of Copenhagen's response to the 1970s global oil crisis, where the city dramatically expanded its bicycle network.Recent data shows a significant increase in cycling activity in Sydney. In March, there were 600,000 bike-sharing trips in the City of Sydney, a 25% increase from the previous month. Additionally, thousands of cars have disappeared from Sydney's roads, with car traffic falling by around 5% in March compared to the previous year on major arterial roads.The surge in cycling is also reflected in the sales of electric bikes. At 99 Bikes, ebike sales have surged by 136% year on year in the past week. Bike retailers are experiencing booming business, with many customers citing high petrol prices as the reason for purchasing a bicycle or ebike.According to Australian Automobile Association (AAA) data, in the last quarter of 2025, the average Australian household spent about $453 per week on car-running costs. With unleaded petrol prices peaking at almost 260c per litre in April, a 50% increase from last year, the financial incentive for switching to bicycles is clear.Experts see this trend as an opportunity for a green revolution in transportation. Peter McLean, the CEO of Bicycle NSW, suggests that governments should capitalize on the cycling boon by investing heavily in active transport infrastructure rather than relying on short-term fuel excises.

Inter Miami celebrated the launch of its brand‑new 26,000‑seat Nu Stadium on Saturday, but the opening ceremony quickly turned into a competitive showdown as the MLS champions were held to a 2‑2 draw by Austin FC.Co‑owner David Beckham addressed the crowd before kickoff, describing the stadium’s completion as “a dream come true” after more than a decade of searching for a permanent home.The pre‑match festivities featured a ribbon‑cutting ceremony with Beckham alongside billionaire managing owner Jorge Mas, setting an upbeat tone that Austin soon disrupted.Just six minutes into the game, Austin’s Guilherme Biro capitalised on a pass from Facundo Torres to give the visitors an early lead, shocking the home supporters.Inter Miami responded swiftly when right‑back Ian Fray surged down the flank and delivered a cross that found Lionel Messi, who headed the ball into the net for a rare headed goal and restored parity four minutes later.Miami dominated possession thereafter, creating several chances, including two close attempts by Mateo Silvetti, but Austin’s disciplined defence and quick counter‑attacks kept the score level.The visitors reclaimed the lead in the 53rd minute after Joseph Rosales stole the ball in Miami’s half, set up Myrto Uzuni, whose pass found substitute Jayden Nelson for a clinical finish.Needing a spark, coach Javier Mascherano introduced veteran striker Luis Suarez in the 73rd minute. Suarez seized the moment eight minutes later, tapping in from close range after a Messi corner was flicked on by German Berterame, leveling the match at 2‑2.Suarez appeared to have secured a dramatic winner when his follow‑up struck the woodwork and rebounded, but the goal was ruled out for off‑side, leaving the game dead‑locked as the final whistle blew.

Bordeaux Bégles thrashed Leicester 64-14 in a one-sided Champions Cup match, highlighting the significant gap between French and English club rugby. Salesi Rayasi scored a hat-trick as Bordeaux's potent attack proved too much for the depleted Leicester side.The French team's victory was never in doubt, even when Leicester was at full strength. However, the visitors were severely weakened by missing several first-choice forwards, including Ollie Chessum and Nicky Smith. This allowed Bordeaux to assert their dominance, scoring nine tries in a commanding performance.The hosts' attack was led by Cameron Woki and Louis Bielle-Biarrey, who provided crucial assists and scored tries. Maxime Lucu also contributed with a penalty and a try. The team's depth and skill were on full display as they ran in try after try, leaving Leicester struggling to keep up.The win reaffirms Bordeaux's status as continental champions and sets up a quarter-final clash with domestic rivals Toulouse next weekend. This match promises to be a thrilling encounter between two of France's top teams.The result also highlights the financial disparity between French and English club rugby. A recent TV deal in France is worth over £120m annually, allowing top teams to attract and retain top talent. This investment is reflected in the quality of play and the gap between the two ecosystems.For Leicester, the defeat was a disappointing display, especially considering their next league game is against Newcastle Red Bulls, currently bottom of the table. The team's coach, Andrew Brace, will need to regroup and refocus his team for their upcoming challenges.

The former boss of the Co-op collected almost £2m before her sudden departure last month despite a difficult year when the retailer was pushed into the red by a damaging cyber hack.Shirine Khoury-Haq’s total annual pay package amounted to £1.9m in 2025, including a £165,000 “rewarding growth” bonus that was approved by the mutual’s board despite falling sales and the slide to an underlying loss of £125m.Khoury-Haq and other executives did not receive their regular annual bonus as the board said the company had not met an “affordability underpin” to make the payout. However, Khoury-Haq’s total pay did include a long-term performance bonus linked to earlier years.In the Co-op Group’s annual report, the remuneration committee said it had decided to pay out 10% of the three-year potential total for the new “rewarding growth” incentive plan, which goes to all staff. Full-time, frontline workers, such as shop floor staff, who were employed for all of 2025 received £100 each under the scheme.The report did not say if Khoury-Haq would receive any compensation for loss of office on her departure but did make clear she would not receive any more from the “rewarding growth” scheme. Kate Allum, a board member and former boss of the dairy group First Milk, will step in as the interim chief executive while a permanent replacement is sought.Khoury-Haq’s departure after four years heading the company, and almost seven at the business, came a month after reports of concerns about the culture at the top of the group. Last week, Khoury-Haq denied that her resignation was linked to the allegations of a toxic culture. “My decision to leave was very much a personal decision,” she said. “The reason is I want to go and do something else.”

In the face of a downbeat hospitality trend in the UK, food halls are emerging as a beacon of hope, offering a diverse culinary experience that is proving resilient to economic challenges. The Cambridge Street Collective in Sheffield, Europe's largest purpose-built food hall at 20,000 sq ft, exemplifies this trend. Opened in 2024, it features a variety of vendors offering everything from sushi tacos to Palestinian cuisine.The food hall sector is experiencing significant growth, with major UK cities averaging £5.6m in annual revenue and a year-on-year growth rate of 10.75%. This growth is attributed to the shared infrastructure and risk model, where vendors pay a cut of their sales each month, and the owner covers costs such as energy and staffing. This model allows for a lower-risk entry point for entrepreneurs and innovative food concepts.65 new food halls are currently in development across the UK, including a 60,000 sq ft venue in Newcastle and a growing scene in cities like Manchester, Liverpool, and London. These food halls are not just about food; they offer a community space where people can work, socialize, and enjoy a variety of cuisines.Matt Farrell, founder of Bold Street Coffee, notes that food halls have become incubators for new businesses, providing opportunities for operators who can't afford traditional sites. James Cowan of Blend Collective, the owner of Cambridge Street Collective, emphasizes the importance of hosting local businesses and keeping the offering fresh.Successful food hall vendors have gone on to open their own brick-and-mortar restaurants, such as Baity, a Palestinian chain with sites in multiple cities, and Bao, which started in London's Netil Market. These success stories highlight the potential for food halls to foster culinary innovation and entrepreneurship.While some may wonder if the UK has reached peak food hall, industry experts believe there is still room for growth, particularly in areas with high demand and limited offerings. As the economic climate continues to evolve, food halls are likely to remain a vibrant part of the UK's culinary landscape.

Rising fortunes among the ultra‑rich under the Trump administration have ignited a wave of tax‑reform campaigns across the United States. In California, volunteers like Karen Sanchez are gathering signatures for a one‑time 5% wealth tax targeting the state’s 200‑plus billionaires to offset federal cuts to hospitals, education and food‑assistance programs.At least ten states are exploring similar measures. Washington recently enacted its first income‑tax aimed at roughly 20,000 millionaire households, while Massachusetts and Minnesota already channel wealth‑tax proceeds into preschool, K‑12 meals and transportation infrastructure.On the federal front, Senators Bernie Sanders and Representative Ro Khanna have introduced the “Make Billionaires Pay Their Fair Share Act,” proposing an annual 5% levy on billionaire net worth. Khanna argues that the ultra‑wealthy fund private health insurers, defense contractors and political campaigns, creating a stark fairness gap.Data from Oxfam shows that in the twelve months after Trump’s re‑election, billionaire fortunes grew at a rate three times faster than the average annual growth of the previous five years. Meanwhile, the federal minimum wage has remained stagnant at $7.25 for fifteen years, underscoring the widening economic divide.A Data for Progress poll released last fall found that 70% of Americans believe the economic system favours corporations and the wealthy. “People are angry and want change,” says Amy Hanauer of the Institute on Taxation and Economic Policy (ITEP), noting that activists are leveraging every level of government to seek relief.The movement draws on a two‑decade history of class‑based activism, from the Occupy Wall Street protests to Senator Sanders’ 2016 campaign that foregrounded wealth‑tax proposals. Yet inequality has deepened: CEOs of the five largest U.S. firms now earn, on average, **$52 million** annually—over a thousand times the typical worker’s salary.Political spending by billionaires has also exploded. A recent New York Times analysis reveals that billionaire contributions rose from **0.3% of campaign funds in 2008** to **19% in 2024**, amounting to more than **$3 billion** from roughly 300 ultra‑rich donors, many of whom supported candidates opposing wealth taxes, including former President Donald Trump.The war in Iran has further inflamed resentment, with the United States spending **$11.3 billion** in the first week of bombardment—far exceeding the annual budgets of agencies such as the CDC, EPA and the National Cancer Institute.Local victories are feeding the momentum. New York City’s mayoral race saw Zohran Mamdani win on a platform that includes taxing the rich to fund affordable housing, groceries and transit. Councilmember Chi Ossé led a 1,500‑person march to the state capitol, urging Governor Kathy Hochul to permit a city‑level millionaire tax, a move that now has backing from some state Democrats.Beyond New York, states like Rhode Island, Hawaii, Pennsylvania, Virginia, Illinois and New Mexico are debating various wealth‑tax mechanisms, including the popular “mansion tax” on high‑value home sales. Currently, **17 localities** have adopted such taxes, most passed between 2018 and 2023.California’s gubernatorial race has become a flashpoint. Billionaire‑backed candidates Matt Mahan and Tom Steyer are vying to replace Governor Gavin Newsom, with the tech elite—such as Sergey Brin and Joe Lonsdale—pouring money into campaigns opposing the billionaire tax. Of the 30 billionaires who have contributed to the race, **25 supported Mahan**, who has positioned himself as a staunch anti‑tax candidate.For Sanchez, the stakes are personal. The proposed tax seeks to replace **$100 billion** in federal health‑care funding cut by Trump’s “One Big Beautiful Bill Act,” which threatens hospital closures and layoffs in the nation’s fourth‑largest economy. She aims to collect **875,000 signatures** by late June to secure the initiative on the November ballot.“It’s creating a network of groups all working toward a common good,” Sanchez says, reflecting a broader sentiment that collective action could finally translate the public’s demand for fiscal fairness into concrete policy.

Chris Haskins, Lord Haskins, who has died at the age of 88, was a highly influential figure in British business and politics. He was a key supporter of Tony Blair's New Labour project and played a crucial role in advising on regulatory reform and rural affairs. Early Life and Career Born in Dublin, Ireland, Haskins studied modern history at Trinity College Dublin, where he developed a reputation as a radical. He began his career in journalism, covering the Aldermaston marches for the Irish Times, before moving into business. In 1959, he traveled to England, married Gilda Horsley, and joined his father-in-law's company, Northern Dairies, which later became Northern Foods. Business Achievements Under Haskins' leadership, Northern Foods grew into Britain's leading food manufacturer. He was instrumental in developing chilled food techniques, which enabled the mass production of ready meals and convenience foods. A significant partnership with Marks & Spencer was established, which became a cornerstone of the company's success, generating annual sales of half a billion pounds. Public Service and Politics Haskins was a vocal advocate for various public causes, including European monetary union, English regional devolution, and the reduction of subsidies to British agriculture. He served as a 'rural tsar' during the foot and mouth outbreak of 2001 and authored a rural recovery report for Defra, which proposed a shift towards environmental concerns and a long-term reduction in subsidies. Legacy Throughout his life, Haskins was known for his 'no-nonsense approach' and his commitment to telling the truth as he saw it. He was a passionate advocate for regional devolution and took an active role in various Yorkshire economic bodies. Despite facing disappointment as governments wound down bodies he chaired, Haskins remained dedicated to his causes, reflecting on his life's work: 'Most of the campaigns of my life have failed, largely, I comfort myself, because I have been ahead of my time.' He is survived by his wife, Gilda, their five children, nine grandchildren, and a great-granddaughter.

European carmaker Stellantis has issued a recall for 44,000 vehicles in the UK due to a fault that could result in the cars catching fire. The issue affects certain models across its Peugeot, Citroën, DS Automobiles, Vauxhall, Lancia, Alfa Romeo, Jeep, and Fiat brands, produced between 2023 and 2026.The fault is related to a lack of clearance between the gas filter pipe and a component of the belt starter generator, which could cause water to leak into the engine bay during wet driving conditions. This creates a potential risk of fire in the engine.In response, Stellantis will immediately contact affected car owners to schedule a free appointment with their dealer. This recall comes as the company faces challenges, including a €22bn charge and the sale of a stake in its battery joint venture due to slower-than-expected growth in electric vehicles.The recall is a significant setback for Stellantis, which had previously planned to launch an electric truck, the Ram 1500 BEV. Meanwhile, sales of electric vehicles in Europe have soared, but demand in the US has collapsed following the withdrawal of a consumer tax credit.In contrast, rival Jaguar Land Rover (JLR) reported a recovery in sales over the past quarter, with a 61.1% jump in sales to 95,300 vehicles. However, quarterly sales were still down 14.5% compared to the same period a year earlier, largely due to a cyber-attack that halted production.

Allbirds, the sustainable trainer brand from San Francisco, has been sold to American Exchange Group for $39m (£29.6m). The brand was once valued at over $4bn but struggled to maintain demand for its wool-based footwear.The company's value tumbled by more than 99% since its listing on the US stock market in 2021. Allbirds had enjoyed rapid success in its early years, selling over 1m pairs of its original merino wool trainers in the first two years after its launch in 2016.Celebrities such as Leonardo DiCaprio, Oprah Winfrey, Gwyneth Paltrow, and Barack Obama were early adopters of the brand. However, the company's success was short-lived, and it eventually slipped into losses as competition intensified from eco-focused rivals.Neil Saunders, managing director of GlobalData, described Allbirds' downfall as going from 'a high flyer to a dead parrot.' The company's co-founder, Tim Brown, and engineer Joey Zwillinger had launched Allbirds amid growing interest in sustainable fashion.The takeover follows a sharp fall in sales in the third quarter of 2025, with a 23% decline to $33m and a $20.3m loss. Allbirds had been steadily closing stores since 2023 and announced the closure of all but two of its remaining 20 US stores.Joe Vernachio, CEO of Allbirds, stated that the next chapter for the brand will 'build on the foundational work already completed and set up the brand to thrive in the years ahead.'