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World Economy Apr 16, 2026

UK’s £600 million Bics plan deemed insufficient to revive industrial competitiveness

The British industrial competitiveness scheme (Bics) promises up to a 25% electricity‑bill cut for …
The government touts the British industrial competitiveness scheme (Bics) as "bold action" to sharpen the United Kingdom’s industrial edge, offering up to a 25% reduction in electricity bills for firms operating in eight "modern" sectors of its industrial strategy. Union leader Gary Smith of the GMB immediately challenged the claim, warning that gas‑intensive industries such as ceramics and brickmaking have been "shamefully ignored" and left out of the support package. At a cost of roughly £600 million a year for 10,000 companies, the scheme is widely viewed as a modest drop in the ocean. While the rollout has been broadened from the originally announced 7,000 firms and now includes a back‑dated claim period starting in April 2025, the financial scale remains limited. Eligibility is deliberately intricate: firms must belong to a "frontier" or "foundational" industry and meet strict electrical‑intensity thresholds for specific product lines. Those that qualify receive relief from three policy charges on their electricity bills, including two green levies, amounting to up to £40 per megawatt‑hour. Two broader observations emerge. First, the programme marks the clearest governmental admission to date that the UK’s business energy costs – the highest among developed economies – are eroding competitiveness. The stated ambition is to bring electricity prices for the targeted sectors in line with European averages. Second, policymakers are beginning to untangle the web of levies that inflate bills. The carbon price support mechanism, a charge on generators passed through to consumers, is slated for abolition by April 2028, after it helped phase coal out of the grid. Nevertheless, the £600 million figure underscores a deeper debate about how to fund the energy transition and new grid infrastructure. Countries such as Germany absorb a larger share of policy costs through general taxation to keep industry competitive, whereas the UK has traditionally shifted those costs onto electricity bills. The Bics announcement signals a tentative shift toward rebalancing, but the scale remains modest. In an ideal, fiscally unconstrained scenario, a broader scheme could run into the billions and target a wider swath of industry. Treasury officials, however, remain skeptical that a larger outlay would generate sufficient long‑term growth and tax revenue to justify the expense, a view reportedly shared by Chancellor Rachel Reeves. Ultimately, Bics can be seen as an unsatisfactory stopgap. It acknowledges that soaring electricity prices are a structural problem but confines the remedy to a narrow slice of the economy, leaving the broader competitiveness challenge largely unaddressed.
#government #scheme #industrial
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Sports Apr 16, 2026

Manchester City Captain Bernardo Silva Announces Departure at End of Season

Manchester City captain Bernardo Silva confirms he will leave the club at the end of the season, ma…
Manchester City captain Bernardo Silva has confirmed that he will be leaving the club at the end of the season. Silva, who joined Manchester City from Monaco in July 2017 for £43.5m, has been a key member of Pep Guardiola's team, contributing significantly to their success.During his nine-year tenure, Silva has won an impressive array of honors, including six Premier League titles, two FA Cups, five League Cups, the Champions League, and two Fifa Club World Cups. He has made 451 appearances for the club, scoring 76 goals and providing 77 assists. This season, Guardiola made him captain, highlighting his importance to the team.Silva expressed his gratitude to the club, stating, “When I arrived 9 years ago, I was following a dream of a little boy, wanting to succeed in life, wanting to achieve great things. This city and this club gave me much more than that. What we won and achieved together is a legacy that will forever be cherished in my heart.”He also thanked the fans for their support, saying, “To the fans, your unconditional support throughout the years is something that I will never forget. My main goal as a player was to always play with passion so you guys could feel proud and well represented on the pitch. I arrived as a Man City player, I leave as one more of you, a Man City supporter for life.”The club has announced that Silva will be given an official farewell. As he departs, Silva urged the fans to continue supporting the young team, expressing confidence that they will bring new memories in the future.
#Bernardo Silva #Manchester City #Premier League
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Sports Apr 16, 2026

Kompany's Bayern Munich Set Sights on European Supremacy After Thrilling Win Over Real Madrid

Bayern Munich, led by manager Vincent Kompany, has reached the Champions League semi-finals after a…
Bayern Munich's manager, Vincent Kompany, has guided his team to the Champions League semi-finals in impressive fashion, defeating Real Madrid in a thrilling match. This victory marks another milestone in Kompany's coaching career, which has seen him take Bayern back to the semi-finals just two years after joining from Burnley.Kompany's approach to the game has been praised for its clarity and focus, particularly in the face of adversity. After the match, he highlighted the importance of staying focused on their game plan, despite some contentious decisions going against them. This mentality has been key to Bayern's success, as they look to overcome PSG and claim European supremacy.The upcoming match against PSG promises to be an exciting encounter, with both teams boasting impressive form and talent. Bayern's attacking prowess, led by the likes of Luis Díaz and Michael Olise, will be put to the test against PSG's defense. Kompany's experience and leadership will be crucial in navigating this challenge.Kompany's journey to this point has been marked by significant achievements, including winning the Championship title with Burnley. His success at Bayern has been built on a similar ethos, with a focus on teamwork, discipline, and a never-say-die attitude. As Bayern prepares to face PSG, Kompany's side will be looking to make a lasting impact on the competition.
#bayern #real #kompany
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Technology Apr 16, 2026

AI‑Generated Val Kilmer Leads First Hollywood Film to Use Authorized Digital Twin

A trailer unveiled at CinemaCon reveals that the upcoming western *As Deep As the Grave* features t…
For the first time in Hollywood history, an authorized generative‑AI version of a major star headlines a feature film. The western As Deep As the Grave showcases a digitally recreated Val Kilmer, whose voice was synthesized by UK‑based firm Sonantic using archival recordings. The project, delayed by Kilmer’s death in April 2025, received full cooperation from his estate and his daughter Mercedes, who helped craft the visual deep‑fake of the actor. Mercedes Kilmer confirmed that her father embraced emerging technologies as a storytelling tool, a sentiment the filmmakers say they honored throughout production. At Wednesday’s CinemaCon trade show in Las Vegas, the trailer revealed that Kilmer’s character, Father Fintan—a Catholic priest and Native American spiritualist—appears for roughly one hour of screen time. The footage shows the priest at different ages, including a spectral elder who advises a child, “Don’t fear the dead and don’t fear me.” Writer‑director Coerte Voorhees explained that the narrative was built around Kilmer’s heritage and his love of the Southwest. He added that the production adhered to SAG‑AFTRA guidelines and that the estate was financially compensated for the use of archival material. The film also stars Tom Felton, Abigail Breslin and Abigail Lawrie. In a March interview with Variety, Voorhees noted that Kilmer’s family repeatedly emphasized the project’s importance to the late actor. The Kilmer case follows a growing trend of AI‑generated performances. In 2022, Bruce Willis consented to a digital twin after a dementia diagnosis, while actors such as Matthew McConaughey and Michael Caine have licensed their voices to AI firms for approved uses. Estates of legends like Laurence Olivier, Judy Garland and James Dean have similarly partnered with the marketplace ElevenLabs. Beyond film, celebrities are exploring AI for digital meet‑and‑greets; Paris Hilton and Kendall Jenner have reportedly signed deals with Meta for AI‑powered appearances on Instagram, and users can even query an AI version of Deepak Chopra for advice on a range of topics. Nevertheless, some stars remain cautious. Morgan Freeman, Tom Hanks and Scarlett Johansson have publicly expressed skepticism about deep‑fake replicas of their likenesses.
#sonantic #cinemacon #elevenlabs
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News Apr 16, 2026

Iran Warns US Naval Blockade Could End Ceasefire and Escalate Conflict

Iranian authorities warn that a continued US naval blockade in the Strait of Hormuz could end the c…
Iranian Major General Ali Abdollahi stated that if the US continues its naval blockade in the Strait of Hormuz, it would be seen as a prelude to violating the ceasefire. The blockade has completely halted economic trade going into and out of Iran by sea. Abdollahi emphasized that Iran's armed forces will not allow any exports or imports to continue in the Persian Gulf, the Sea of Oman, and the Red Sea. The US military's actions have significant implications for Iran's economy and regional stability.The current ceasefire was declared a week ago, and US President Donald Trump hinted at a second round of face-to-face talks with Iran in Pakistan in the coming days. However, Iranian authorities have maintained a defiant approach, with parliament's deputy speaker, Ali Nikzad, stating that Iran will never give concessions to its enemy.Iran's Ministry of Foreign Affairs spokesman, Esmaeil Baghaei, emphasized that Iran has not and will not seek a nuclear weapon but insists on its right to pursue nuclear energy for civilian purposes under United Nations safeguards. The level and type of enrichment can be negotiated.Iranian authorities have continued to announce the enforcement of death sentences, as well as a large number of arrests and asset confiscations. The judiciary has said some of the executions were linked to nationwide protests in January, during which thousands of people were killed during an internet blackout.
#iran #war #iranian
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Sports Apr 15, 2026

Barcelona banks on youthful core after Champions League quarter‑final defeat to Atletico Madrid

Barcelona’s 2‑1 loss to Atletico Madrid in the Champions League quarter‑finals ended a second strai…
Barcelona’s aspirations for a Champions League title were extinguished for the second consecutive season when they fell 2‑1 to La Liga rivals Atletico Madrid in the quarter‑finals, losing 3‑2 on aggregate.Coach Hansi Flick acknowledged the disappointment, noting that the squad believed it could progress: “It’s tough because everyone really believed that we could make it happen today,” he said after the match.Despite the exit, Flick remains optimistic that the experience will accelerate the development of the club’s young core, which includes teenage sensation Lamine Yamal, midfielder Frenkie de Jong, and forward Pedri. The starting XI’s average age is under 25, positioning Barcelona as one of Europe’s most youthful line‑ups.Defensive frailties were starkly exposed. Barcelona conceded 20 goals in 12 Champions League matches and failed to keep a single clean sheet. In both legs of the tie, defenders were sent off for fouls that led directly to Atletico’s goals – Pau Cubarsi in the first leg and Eric Garcia in the second – highlighting the risks of Flick’s high defensive line.Financial constraints limit the club’s ability to splash on marquee signings. Veteran striker Robert Lewandowski is out of contract at 38, and the future of on‑loan winger Marcus Rashford remains uncertain. Additional questions loom over the contracts of Ferran Torres, Ronald Araujo and defender João Cancelo beyond the summer.Nevertheless, Barcelona’s domestic form remains strong. They sit nine points clear of Real Madrid in La Liga and retain the confidence that a league title is within reach, even as the quest for a sixth Champions League crown continues.De Jong emphasized the positive trajectory: “We’re growing every year. We have a young team, with a lot of talent and a lot of quality that can already compete for every competition.”Looking ahead, Flick hopes that a year of added experience will see Yamal, Pedri and Cubarsi return as battle‑hardened leaders capable of taking Barcelona further in Europe.
#barcelona #league #list
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Sport Apr 15, 2026

Saudi Public Investment Fund's Funding Pull Puts LIV Golf's $5 bn Venture at Risk Ahead of New York Talks

Saudi Arabia’s Public Investment Fund is reportedly preparing to withdraw its $5 bn backing of LIV …
The future of the LIV Golf series hangs in the balance after Saudi Arabia’s Public Investment Fund (PIF) signaled a possible withdrawal of its multi‑billion‑dollar support. Executives were summoned to a high‑stakes meeting in New York this week, a development that follows growing speculation that the rebel tour could be shut down. While the fifth season’s sixth event in Mexico City is set to proceed on Thursday, the tournament is being eclipsed by reports that PIF intends to cut the tour’s funding. The tour has already faced challenges securing a merger with the PGA Tour despite a three‑year “framework agreement,” and the funding pull would exacerbate its financial strain. According to the PIF’s newly released five‑year economic strategy, the fund is prioritising sustainable domestic investments and has omitted sport from its seven key focus areas. This shift signals a move away from the “free‑spending, disruptive internationalism” that characterised the launch of LIV Golf in 2021. Since its inception, PIF has poured over $5 bn into the tour, but this year prize money and bonus payouts have already been slashed. High‑profile players such as Phil Mickelson, Dustin Johnson, Jon Rahm, Sergio García and Bryson DeChambeau initially defected from the PGA and DP World Tours, yet recent defections back to the PGA—including Brooks Koepka and Patrick Reed—highlight the tour’s precarious position. DeChambeau has yet to sign a new contract. A source familiar with the Saudi Ministry of Sports confirmed that the fund is redirecting its sports budget toward football and esports, with golf no longer a priority. The same source noted that PIF is ending its partnership with the Women’s Tennis Association, and the three‑year WTA Finals deal in Riyadh will not be renewed after its November expiry. The rumours ignited on Tuesday after journalist Ryan French posted on X that multiple sources warned of a “bombshell announcement” on LIV’s future, later suggesting the tour might be shutting down. LIV officials and players have not received any formal update. In Mexico, Sergio García told reporters they have only heard the same message from PIF chief Yasir al‑Rumayyan at the start of the year: that the project is a long‑term commitment, and that rumours are inevitable. Technical glitches, including an alleged power failure at the venue, forced the cancellation of pre‑tournament press conferences on Tuesday. Nevertheless, the pro‑am competition resumed on Wednesday at 8:30 a.m. local time, indicating that day‑to‑day operations continue despite the uncertainty. The outcome of the New York meeting could determine whether LIV Golf survives as a viable alternative to traditional tours or becomes another casualty of shifting Saudi investment priorities.
#liv #golf #tour
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Politics Apr 15, 2026

EU's New Entry-Exit System Causes Travel Delays of Up to Three Hours

The EU's new entry-exit system (EES) has caused travel delays of up to three hours at some European…
The EU's new entry-exit system (EES) has caused significant delays at several European airports, with travellers waiting up to three hours at border checks. The system, which came into effect on Friday in the Schengen countries, requires passengers from non-EU countries to register their personal information and biometrics at the border.Passengers in airports in countries such as France, Germany, Belgium, Italy, Spain, and Greece are experiencing several hours of waiting at border checks, according to the Airports Council International (ACI) body. Olivier Jankovec, the director of the ACI European division, warned that the situation will be "simply unmanageable" in the coming weeks and peak summer months.The EES has been gradually introduced since October and has already caused long delays at some airports. On Sunday, the BBC reported that more than 100 passengers were unable to board an easyJet flight from Milan to Manchester before it took off due to delays at passport desks.Airport representatives and the European Commission held a meeting to discuss problems with the system on Tuesday. The ACI has asked to extend existing exemptions and the power to fully suspend the new checks. Jankovec told the FT that the ACI needed the ability to "fully suspend EES registration whenever there are excessive waiting times at border control that are just unmanageable".A spokesperson for the European Commission said that the system is working well, with an average registration time of 70 seconds per passenger. However, the ACI has claimed that it can take up to five minutes. The commission said that there were a "few member states where technical issues have been detected" but that they "are being addressed".The EES has registered more than 52m entries and exits, as well as more than 27,000 refusals of entry, since its introduction in October. Almost 700 people were identified as posing a security threat.
#European Union #European Commission #Entry-Exit System
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Sport Apr 15, 2026

Sir Craig Reedie: The Architect of London's 2012 Olympic Bid

Sir Craig Reedie, a key figure in London's successful bid to host the 2012 Olympics, has died at th…
Sir Craig Reedie, who has died aged 84, was a pivotal figure in London's successful bid to stage the 2012 Olympics. As a member of the London Organising Committee for the Olympic Games from 2005 to 2013, he formed a highly effective partnership with Sebastian Coe, the bid leader, doing crucial work behind the scenes to secure the Games for London.Reedie's diplomatic skills and influential presence within the Olympic and Paralympic movement were instrumental in winning the support of British politicians and marshalling the votes of Olympic delegates. Coe credited Reedie with playing a vital role in London's bid success, saying that without his efforts, London might never have won the right to host the 2012 Games.Reedie's commitment to drug-free competition was unwavering. He was a founder board member of the World Anti-Doping Agency (Wada) in 2000 and served as its president from 2014 to 2019. During his tenure, he clashed with the then IOC president Thomas Bach over Russia's state-sponsored doping regime, ultimately leading to Wada banning Russia from all international competition in 2019.Reedie's sports career began as a leading badminton player. He later became president of the International Badminton Federation and successfully campaigned for the sport's inclusion in the Olympics. His administrative work in badminton led to his appointment as chair of the British Olympic Association (BOA) and later as a member of the International Olympic Committee (IOC), where he served as vice-president from 2012 to 2016.Throughout his career, Reedie was known for his tough but charming demeanor, earning him respect from his peers. He was knighted in 2006 and elevated to knight grand cross in 2018. The Sir Craig Reedie Badminton Centre in Glasgow was renamed in his honor in 2014.
#his #reedie #badminton
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