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Business Mar 31, 2026

Unilever’s $44.8 bn Food Merger with McCormick Triggers 7% Share‑price Fall

Unilever is merging its $12 bn food arm with US condiment maker McCormick in a $44.8 bn deal that p…
Unilever’s latest strategic move pairs its food portfolio – home to brands such as Hellmann’s, Knorr and Marmite – with US condiment specialist McCormick in a deal valued at $44.8 bn. While the transaction will deliver $15.7 bn in cash to Unilever, the bulk of the consideration is equity‑based, giving Unilever shareholders a 55% stake in the enlarged McCormick and leaving Unilever itself with a modest 10% holding. The structure marks a departure from Unilever’s recent clean‑break divestitures, such as the outright sales of its Flora spreads and Lipton tea businesses and the spin‑off of its ice‑cream division (including Ben & Jerry’s) last year. Instead, investors now face a complex share‑exchange that ties their fortunes to a company that will assume significant debt to fund the acquisition. CEO Fernando Fernández framed the transaction as “another decisive step in sharpening our portfolio”, yet market reaction was swift: Unilever’s share price slid 7% on the announcement. The decline underscores investor scepticism that the merger will unlock genuine value. From a financial perspective, Unilever’s food arm contributes annual sales of $12 bn – outpacing McCormick’s $8 bn – and enjoys higher growth (2.7% vs 2%) and superior margins (24% vs 17%). These metrics suggest Unilever could have retained a more profitable segment rather than ceding control to a partner with weaker performance indicators. Critics argue that the combined entity will be a sprawling conglomerate of global powerhouses like Hellmann’s and Knorr alongside niche brands such as French’s mustard and Old Bay seasoning. The anticipated synergies, described by McCormick’s Brendan Foley as “maximal adjacency” and “end‑to‑end flavour experiences”, remain unproven, especially given the modest cash component and the dilution of Unilever’s ownership. Ultimately, the success of the merger hinges on whether the new food business can generate growth that justifies the equity swap and the added debt burden. For now, the market’s 7% share‑price dip reflects a cautious outlook on the promised “trapped value” that Unilever hopes to unlock.
#Unilever #McCormick #Food Merger
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Technology Mar 31, 2026

Australia Investigates Meta, TikTok, and Google for Alleged Non-Compliance with Social Media Ban

The Australian government has launched an investigation into Meta, TikTok, and Google for allegedly…
The Australian government has accused major tech firms, including Meta, TikTok, and Google, of failing to comply with a landmark ban on under-16s using social media. The ban, which came into effect last December, aims to protect children from the potential harms of social media.A survey of 900 Australian parents found that around a third (31%) said their children still had one or more social media accounts after the ban, compared to 49% before the laws. Specifically, the survey revealed that 70% of under-16s who had accounts on Instagram, Snapchat, and TikTok before the ban maintained access.The eSafety Commission claimed that the technology being used by these companies, such as facial age estimation, was not effective enough. The commission alleged that the firms had lax guardrails which allowed teens to repeatedly attempt age verification until they were successful. 'None of this is impossible. None of this is even difficult for big tech who are innovative billion-dollar companies. What this update shows is unacceptable,' said Australia's communications minister, Anika Wells.The social media minimum age laws specify that Facebook, Instagram, Snapchat, Threads, TikTok, Twitch, X, YouTube, Kick, and Reddit are 'age-restricted platforms', banning under-16s from holding accounts and requiring those companies to take reasonable steps to prevent children from opening or holding accounts. The laws carry a maximum A$49.5m (US$33.9m, £25.7m) penalty.In response, Meta said it was committed to complying with the social media ban and working with eSafety and the government. The company highlighted the challenge of accurately determining age online, particularly at the age-16 boundary. 'The most effective, privacy-protective and consistent approach is to require robust age verification and parental approval at the app store and operating system level before a teen can download an app or create an account,' Meta stated.TikTok and Google were contacted for comment but did not respond by publication time. The government said in January that more than 4.7m social media accounts were deactivated, removed, or restricted in the first days after the ban came into effect.
#meta #tiktok #google
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Sports Mar 31, 2026

Mbappé praises France’s deep attacking pool as Les Bleus gear up for the 2026 World Cup

France captain Kylian Mbappé reflects on his evolving leadership role, the team’s expanding offensi…
Mbappé, now 27 and entering his third year as France captain, admits the shift from star player to team caretaker feels "strange" but rewarding. Approaching his 100th cap, the Real Madrid forward says he now prioritises the collective over personal glory.He highlighted that the squad possesses more talent and potential than in 2022, noting that if current form continues he will soon surpass Olivier Giroud’s 57‑goal record, sitting just one goal behind the veteran after a recent strike against Brazil.France’s recent friendlies in the United States underscore that confidence. A 2‑1 win over Brazil saw Dembélé feed Mbappé for the opener, with Hugo Ekitike adding a second, while a 3‑1 victory against Colombia featured first‑time scorer Désiré Doué and a crucial header from Marcus Thuram.The attacking depth is now a hallmark of Didier Deschamps’ side. Alongside Mbappé, Ousmane Dembélé, Michael Olise, Rayan Cherki and Hugo Ekitike rotate fluidly across the front line, offering creativity and unpredictability that render the old “Mbappé‑Giroud foil” obsolete.Defensively, the team showed signs of vulnerability. Misplaced passes and missed tackles were evident, though Maxence Lacroix earned his first cap against Colombia and impressed enough to stake a claim for the World Cup roster.Logistical hiccups also featured in the US tour. Coach Deschamps complained about lengthy airport checks and a mid‑match cooling break that disrupted momentum, describing the three‑minute pause as “not ideal” for teams on the verge of breaking down opponents.Despite these concerns, the camp’s mood remains optimistic. Mbappé believes the squad can “aim high,” while Deschamps continues to fine‑tune his final selection, aware that a wealth of attacking talent alone does not guarantee tournament success.
#his #france #against
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Politics Mar 31, 2026

Chinese Dissident Artist Gao Zhen Faces Trial for Satirical Mao Sculptures

Chinese dissident artist Gao Zhen, known for his satirical sculptures of Mao Zedong, has been put o…
Chinese dissident artist Gao Zhen, renowned for his satirical sculptures of Mao Zedong, has been tried in China on charges of 'defaming national heroes and martyrs'. His wife and a human rights group reported the trial.Gao, 69, was detained in 2024 during a visit to China from the US. He faces a maximum three-year prison sentence. The trial took place behind closed doors in Hebei province and ended without a verdict.Gao is known for his sculptures criticizing the 1966-1976 Cultural Revolution, a period of social turmoil and political persecution in China. His works include 'Miss Mao', featuring Mao with a Pinocchio nose and breasts, and 'Mao's Guilt', a bronze statue of Mao kneeling remorsefully.Gao's wife, Zhao Yaliang, and their seven-year-old son, a US citizen, are under exit bans and cannot leave China. Gao suffers from malnutrition and various health conditions, including lumbar spine disease and chronic knee and eye conditions.The trial highlights China's strict control over artistic expression and its efforts to suppress dissent. EU diplomats attempted to attend the trial but were blocked from entering the court.
#Gao Zhen #Mao Zedong #Chinese government
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Film Mar 30, 2026

Brazilian Erotic Thriller 'Night Stage' Subverts Expectations with Public Sex Enthusiasm

Brazilian erotic thriller 'Night Stage' defies realism to explore public sex enthusiasm and LGBTQ+ …
Brazilian filmmaker presents an unconventional erotic thriller that suspends realism to maintain eroticism throughout, culminating in a startling and absurd finale. The film, 'Night Stage', revolves around Matias, a young actor in a physical theatre company, who becomes entangled in a secret affair with Rafael, a closeted politician on the verge of becoming mayor.Matias and Rafael develop a fetish for public sex, driven by the thrill of almost being discovered. This addiction to furtive encounters leads to a series of events with violent and fatal consequences, triggered by an arbitrary connection between Rafael and the director of a TV show featuring Matias's friend and fellow actor, Fabio.The film's portrayal of public sex as a metaphor for the complex dynamics of gay men navigating societal pressures and self-acceptance is noteworthy. However, 'Night Stage' primarily focuses on presenting public sex as a source of eroticism and social significance. The movie's climax is characterized by crazily climactic and borderline-absurd moments, emphasizing the sex-fantasy aspect.'Night Stage' is set to release in UK and Irish cinemas on April 3 and will be available on digital platforms from May 11.
#public #sex #stage
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Business Mar 30, 2026

UK Savers Face Easter Sunday Cash Isa Deadline: Act Now to Maximize Allowance

UK savers are urged to act quickly as the deadline for this year's cash Isa allowance falls on East…
UK savers who want to maximize their cash Isa allowance are being warned not to leave it until the last minute, as the deadline for applications is on Easter Sunday, April 5. The cash Isa allows individuals to save or invest up to £20,000 per tax year, with returns free of tax. Experts are advising savers to take action now, as the allowance for those under 65 will be reduced to £12,000 from the next tax year. This change, announced in last year's budget, aims to encourage younger savers to consider investing in the stock market. In April 2025, a record £14 billion was paid into cash Isas, and this year is expected to see a similar surge. Anna Bowes, personal savings expert at The Private Office, emphasized that savers need to act quickly, as some providers may withdraw their offerings early to process applications before the deadline. Savers can currently find competitive interest rates, with fixed rates of around 4.45% available from providers like Close Brothers Savings, Furness building society, and Vida Savings. For variable-rate Isas, Plum is offering 4.66%, and Tembo Money is paying 4.55%, both including a bonus for the first 12 months. Rachel Springall, finance expert at Moneyfactscompare.co.uk, warned that savers should not delay, as missing the deadline could mean losing the chance to use this year's allowance. She also recommended exploring options beyond traditional high street banks, as challenger banks and building societies are offering some of the best deals.
#ISA #HMRC #Treasury
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Video Mar 30, 2026

Iran Warns of Force in Response to US, Cites Trump's Stance

Iran's IRGC spokesperson warns that former US President Donald Trump only understands the language …
Iran's Islamic Revolution Guard Corps (IRGC) spokesperson has issued a stern warning regarding the United States, stating that former President Donald Trump 'only understands the language of force'. This statement comes amid heightened tensions between Iran and the US, suggesting a potentially more assertive stance from Iran in response to Trump's policies.The IRGC spokesperson's comments reflect a broader narrative within Iran that Trump's approach to international relations is rooted in a show of strength, rather than diplomacy. This perspective is likely influenced by Trump's 'maximum pressure' campaign against Iran, which included economic sanctions and a significant military presence in the region.Iran's stance underscores the complexities of US-Iran relations, which have been strained for decades. The IRGC's statement may indicate a strategic recalibration by Iran, potentially leading to a more confrontational approach in its dealings with the US.
#irgc #spokesperson #says
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Sports Mar 29, 2026

Kimi Antonelli Makes History as Youngest F1 Leader with Japanese GP Win

Kimi Antonelli, a 19-year-old Italian driver for Mercedes, has become the youngest driver in Formul…
Kimi Antonelli, driving for Mercedes, secured a historic victory at the Japanese Grand Prix, becoming the youngest driver in Formula One history to lead the world championship standings at just 19 years old.Antonelli's win was marked by a remarkable recovery from a poor start, where he initially dropped to sixth place. However, a mid-race safety car, triggered by a crash involving Haas driver Ollie Bearman, allowed Antonelli to gain a crucial advantage. He capitalized on the opportunity by pitting immediately after the safety car deployment, emerging at the head of the pack.As the race concluded, Antonelli expressed his delight, telling his team, "The pace was unbelievable today." He crossed the finish line ahead of McLaren's Oscar Piastri and Ferrari's Charles Leclerc, with his teammate George Russell finishing fourth.This victory marks Antonelli's second consecutive win, following his first Grand Prix victory two weeks prior in China. The 19-year-old Italian's championship lead after just three races underscores his impressive performance in the early stages of the season.Other notable performances included Lando Norris of McLaren in fifth place, and Max Verstappen, who finished eighth after starting from 11th on the grid. The Formula One season will now take an extended break until the Miami Grand Prix on May 3, with the Bahrain and Saudi Arabia races canceled due to the ongoing conflict in the Middle East.
#antonelli #his #grand
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Commentisfree Mar 29, 2026

Trump's Iran Conundrum: A War of Choice or a Path to Catastrophe

The article discusses the escalating tensions between the US and Iran, with President Trump conside…
The possibility of US ground troops being sent into combat on Iranian soil is growing, driven by President Trump's desire to avoid being personally and politically humiliated in a war he started, mismanaged, and cannot end. Such a self-serving escalation could prove catastrophic for Trump and the American people, given the history of US military interventions in the region.Trump insists that the war is all but won, Iran is suing for peace, and talks are making good progress. However, in the real world, Iran is still fighting on all fronts, Israel is still bombing, the Strait of Hormuz remains largely closed, and the Iran-allied Houthi militia in Yemen has joined the war, attacking Israel and potentially blocking Red Sea trade routes.The US and Iran have each issued maximalist demands, but there is no sign of actual negotiations. They are even further apart than they were before Trump, egged on by Benjamin Netanyahu, abandoned diplomacy last month. Sometime soon, Trump will be forced to confront the huge gap between what he wants and what's on offer. At that point, he could turn to the troop buildup in the Gulf and order ground attacks.It's incredible to think that after all the mortal agony and anguish of Iraq and Afghanistan, a US president is once again seriously contemplating boots on the ground in the Middle East. Trump's stumped, hoist by his own petard, stuck between a rock and a hard place, and up the creek without a paddle. The creek in question is, of course, the Strait of Hormuz.Trump is increasingly isolated and out on a limb. His wealthy Arab business cronies no longer trust him. US bases on their territory now resemble a liability, not a defence. When he demanded NATO's help, Europe said: we'll let you know. Likewise, Iran's ethnic Kurds are less than keen to die for a muppet. Support for the war among the US public and the Maga right, always weak, is a fast-vanishing mirage.If Trump were to order ground attacks – both he and Netanyahu have publicly discussed the possibility – the targets would most likely be the coastal batteries, missile defences, and concealed armed speedboat bases dotting the northern flank of the Hormuz strait. An attack on the Kharg oil export terminal further up the Gulf is also predicted.The inherent, inescapable military risks are daunting. Casualties would be inevitable. Even if operations went well in the short term, questions would immediately arise about potential escalation when Iran counterattacked, expansion of the operational area, and duration of the occupation.
#trump #iran #his
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