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World Economy Apr 10, 2026

Stefano Gabbana Resigns as Chair of Dolce & Gabbana Amid Debt Negotiations and Potential Stake Sale

Co‑founder Stefano Gabbana stepped down as chair of Dolce & Gabbana on 1 January 2026, citing a nat…
Stefano Gabbana left his post as chair of Dolce & Gabbana effective 1 January 2026, describing the move as part of a "natural evolution" of the company’s organisational structure and governance.The luxury house stressed that the resignation will not affect Gabbana’s creative responsibilities within the group.According to Bloomberg, Alfonso Dolce – Domenico’s brother and the group’s chief executive – assumed the chairmanship in January, taking over the role from the co‑founder.Sources indicate that Gabbana is exploring options for his 40 % equity stake as the brand continues negotiations with its bank lenders. In parallel, former Gucci chief Stefano Cantino has been appointed to a senior management position as part of the reshuffle.A D&G spokesperson added that the company “has no statement to make at this time” regarding its debt position, as talks with banks remain ongoing.The Italian label, founded in 1985, is grappling with a slowdown in the high‑end fashion market, a trend intensified by uncertainty surrounding the war in Iran – a region that represents a crucial market for luxury brands.In March, Dolce & Gabbana hired Rothschild & Co as its financial adviser to prepare for creditor discussions. At that point the group carried €450 million (£391 million) of bank debt, incurred after a 2025 refinancing aimed at supporting a new growth strategy while preserving independence. Lenders had temporarily waived certain borrowing terms.Ownership of the company remains split: each designer holds a 40 % stake through a holding vehicle, while the remaining shares are owned by Alfonso Dolce and their sister Dorotea.Founded by Stefano Gabbana and Domenico Dolce, the brand quickly became synonymous with a “molto sexy” Italian aesthetic, gaining global visibility after Madonna commissioned costumes for her 1993 Girlie tour. By 2009, Dolce & Gabbana reported a turnover of €1 billion.Despite its commercial success, the house has faced a series of controversies over the past 15 years, ranging from accusations of racism and homophobia to backlash over culturally insensitive advertising, which have at times threatened its market position.
#gabbana #dolce #amp
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Sports Apr 10, 2026

Aaron Ramsey Retires: A Legend in Welsh Football History

Aaron Ramsey, a highly influential Welsh footballer, has announced his retirement. He played a pivo…
Aaron Ramsey, a name synonymous with Welsh football excellence, has officially retired from the sport. His career was marked by early promise, rapid rise to international stardom, and a legacy that will be remembered for generations to come.Ramsey's journey began with Wales' national team debut at just 17, a testament to his prodigious talent. He quickly became a cornerstone of the team, known for his exceptional technique, vision, and creativity on the field. His performances earned him captaincy by the age of 20, a rare honor that underscored his leadership qualities and influence.One of the defining moments of Ramsey's career was his heroic performance in Euro 2016, where Wales reached the semi-finals, a feat that rekindled the nation's passion for football. His four assists and one goal in the tournament showcased his skill and determination. Ramsey's absence in the semi-final due to suspension was deeply felt, as Wales were eventually eliminated by Portugal.Despite struggling with injuries that plagued him throughout his career, Ramsey's impact on Welsh football cannot be overstated. He was a key player in qualifying for Euro 2020, scoring crucial goals against Hungary. His partnership with Gareth Bale was particularly notable, as they inspired victories and memorable moments for Welsh fans.As Wales failed to qualify for the 2026 World Cup, fans will look back on Ramsey's contributions with gratitude and admiration. He is undoubtedly a shoo-in for Wales' all-time XI, a testament to his enduring legacy in the sport.
#wales #his #ramsey
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Sports Apr 10, 2026

LA28 Olympics Ticket Sales Open Globally After Record Local Demand

The LA28 Olympics has opened ticket sales globally following a record-setting first week of local p…
The LA28 Olympics has opened ticket sales globally after a record-setting first week of local presales, underscoring strong early demand for the Games. The organisers reported that they sold more tickets in the first week than any previous Olympic Games had in their opening week.The initial phase of ticket sales was limited to residents of the Los Angeles and Oklahoma City areas, with hundreds of thousands of $28 tickets snapped up by local buyers. However, some buyers complained about high costs and fees, and a lack of ticket availability.“The success of the locals presale speaks for itself,” LA28 CEO Reynold Hoover said in a statement. “We’re thrilled by the level of interest and enthusiasm in tickets to the Games.”The global sales launch, known as “Drop 1,” runs through April 19 for fans who were selected through a draw and assigned time slots. Tickets are available across Olympic events, including the opening and closing ceremonies.Organisers acknowledged that some fans experienced sticker shock after a marketing push around the $28 entry-level tickets, only to find many of the cheapest seats had already gone quickly or that some events were priced much higher.Allison Katz-Mayfield, LA28’s senior vice president for games delivery revenue, told the Reuters news agency that the outcome was not unexpected because the least expensive tickets were always likely to move fastest.“We really wanted to make sure that the locals had access to the most affordable tickets, and we saw that come to life through this presale,” she said, adding that more low-cost inventory would be released in future sales phases.LA28 said more than 1 million tickets priced at $28 will ultimately be made available to the public. Nearly half of all Olympic tickets are priced under $200, while more than three-quarters, including finals, are less than $400. Only about 5 percent of tickets cost more than $1,000, organisers said.The organising committee is under pressure to show it can deliver a fiscally responsible Games without burdening taxpayers, who could be on the hook for cost overruns. LA28 has said its more than $7bn operation will be funded principally through ticket sales, sponsorship and hospitality.
#tickets #ticket #sales
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Sports Apr 09, 2026

Bosnian Ball Boy's Quick Thinking Steals the Show in World Cup Qualifier

A 14-year-old ball boy, Afan Cizmic, became an unlikely hero in Bosnia and Herzegovina after hiding…
Afan Cizmic, a 14-year-old ball boy, has been hailed as a hero in Bosnia and Herzegovina for his quick thinking during a crucial FIFA World Cup 2026 qualifier playoff final against Italy.On March 31, Cizmic was deployed at the Bilino Polje Stadium in Zenica when he noticed Italian goalkeeper Gianluigi Donnarumma reading from a piece of paper tucked behind a towel. Realising it contained information on Bosnian penalty takers, Cizmic took the note and ran away from the goal.When the penalty shootout got under way, Donnarumma failed to save any of the four penalties he faced, and his teammates missed three of theirs, handing Bosnia a place in the global showpiece.Whether Cizmic's little trick played a role in the final scoreline remains unknown, but the teenage boy is being hailed as a hero in Bosnia, with fans urging the national team to take him along to the World Cup.Cizmic has been called on to football shows, interviewed by international media, and photographed at the venue where Bosnia created history by ensuring Italy became the only former champions to miss their third World Cup in a row.Recalling the moment he saw the paper, Cizmic says that he hesitated at first but ultimately decided to act on his instinct. "I saw where he left the paper and that he was reading from it. I thought about whether I should take it or not. Then I said, 'Whatever happens, happens,' and I took it," he told Turkish news agency Anadolu.While Donnarumma did not see Cizmic walk away, the Italian goalkeeper was left fuming when he could not find the paper and attempted to snatch his opposite number's penalty shootout notes in a tit-for-tat move.Cizmic believes Donnarumma's frustration confirmed his ploy had an impact on the game. "I was happy because I saw he got angry and lost concentration," he said.In the hours and days after Bosnia's win, Cizmic's act led to social media debates as well as national news. Despite mixed reactions on social media, he dismissed criticism, saying any fan would have done the same."If we were playing in Italy, someone would have done it to our goalkeeper, Nikola Vasilj, too," he said.The now-famous ball boy proudly carries the note, enclosed in a plastic cover, as a memorabilia item and takes it along for media appearances. He also announced that the paper will be auctioned, with all proceeds going to charity.Cizmic, who is a youth footballer with local club Celik Zenica, dreams of wearing the Bosnian national team jersey one day.His father, Emir Cizmic, said he was proud of his son, emphasising that ball boys are not just spectators but can affect the rhythm and outcome of matches.
#Afan Cizmic #Gianluigi Donnarumma #Bosnia and Herzegovina national team
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Politics Apr 09, 2026

Gulf States Cautious as US-Iran Truce Sparks Uncertainty Over Hormuz Strait

The recent US-Iran truce has brought relief to the Gulf region, but Gulf states remain wary of Iran…
The Gulf region breathed a sigh of relief on Tuesday after Iran and the United States agreed to a two-week truce, halting over five weeks of escalating attacks and hostile rhetoric.However, Gulf states are expressing caution, concerned that the US, seeking a swift exit, might agree to terms granting Iran some control over the Strait of Hormuz, a vital waterway through which one fifth of the world's oil and natural liquefied gas passes.Iran had nearly brought traffic through the strait to a standstill in response to joint US-Israeli attacks on its soil since February 28. Under the truce, Iran has agreed to halt attacks for two weeks in exchange for resumed maritime transit in the key waterway.Despite this, Gulf Cooperation Council (GCC) countries are stressing that any deal must result in a permanent, long-term arrangement to keep the strait open. They fear a weakened yet intact Iranian leadership could use the strait as leverage, leaving them under constant threat of disruption and economic blackmail.“There is a quiet but palpable concern that President Trump, eager for a quick political victory, could tolerate some Iranian leverage over the strait in exchange for a fragile truce, prioritising optics over Gulf realities,” said Hesham Alghannam, a Saudi Arabia-based scholar at the Malcolm H Kerr Carnegie Middle East Center.The GCC countries, which have faced near-daily Iranian missile and drone attacks, have welcomed the truce but emphasize that the Strait of Hormuz must reopen. They are also concerned about Iran's future influence over the strait, with a Bahrain-sponsored UN Security Council resolution calling for countries to use defensive missions to keep the maritime chokepoint open being vetoed by Russia and China.A further escalation could have devastating consequences for the GCC economies, undoing decades of work to make the region a safe hub for finance, tourism, and culture. Analysts say GCC countries have stepped up diplomacy in the lead-up to the conflict, but officials across the region have warned Iran should not mistake their inaction as a sign of weakness.“The Gulf will leave no stone unturned if Iran continues to take the path of aggression,” said Hamad Althunayyan, a political analyst and professor at Kuwait University. “The Gulf expects its interests to be represented, and included, in any deal with Iran.”
#United States #Iran #Strait of Hormuz
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Politics Apr 09, 2026

US Official JD Vance condemns Zelenskyy's threat to Hungarian PM Orban ahead of pivotal April 12 election

During a visit to Budapest, US Vice President JD Vance called Ukrainian President Volodymyr Zelensk…
US Vice President JD Vance labeled Ukrainian President Volodymyr Zelenskyy's comments about Hungarian Prime Minister Viktor Orban as “completely scandalous” during a stop in Budapest. Vance’s remarks came as Hungary prepares for a critical parliamentary election on April 12, the toughest test of Orban’s 16‑year rule. Vance, speaking at a Hungarian university, said that a foreign head of government should never threaten the leader of an allied nation. He added that the media shows a double standard when it highlights alleged foreign interference in the 2016 U.S. election but downplays similar concerns in the Hungarian vote. Budapest has long accused Kyiv of attempting to influence the election by disrupting the flow of Russian oil through the Druzhba pipeline. Kyiv counters that the pipeline was damaged by a Russian drone attack in late January and is being repaired as quickly as possible. In retaliation, Hungary blocked a €90 billion (≈$105 billion) EU loan intended for Ukraine. Zelenskyy responded by warning that he could provide the identity of those responsible to the Ukrainian army, saying they could “speak with him in their own language.” Vance also criticized the European Union, arguing that withholding billions of euros from Hungary for “border protection” and Ukraine’s pipeline shutdown are not acts of foreign influence but rather political pressure. The European Commission said it would convey its concerns to Washington through diplomatic channels, highlighting the growing friction between the EU, the United States, and Hungary over the upcoming election. These developments illustrate how the Hungarian vote has become a flashpoint for broader geopolitical rivalries, linking domestic politics with U.S.‑EU coordination, Ukraine’s war‑time financing, and the future of EU‑Hungary relations.
#JD Vance #Volodymyr Zelenskyy #Viktor Orban
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Sports Apr 09, 2026

Rashford’s explosive display fuels Barcelona’s Champions League push as club weighs €30m permanent deal

Marcus Rashford delivered a hyper‑active performance in Barcelona’s 2‑0 first‑leg win over Atletico…
Barcelona secured a 2‑0 advantage over Atletico Madrid at the Metropolitano, setting up a high‑stakes Champions League quarter‑final second leg. The win followed a 2‑1 league victory against the same opponents, where Marcus Rashford and Robert Lewandowski scored late goals to clinch the La Liga title. After the match, Diego Simeone approached Hansi Flick with a reminder to return, underscoring the rivalry that will see the teams clash three times in ten days. The upcoming return fixture at Camp Nou promises a tougher battle than the opening encounter. Rashford’s performance was described by Spanish outlets as “hyperactive” and an “exhibition of speed.” He generated seven shots in the first hour alone, including a disallowed goal, multiple attempts saved by goalkeeper Juan Musso, and a free‑kick that struck the bar. His relentless wing play forced the opposition to defend deeper, highlighting his impact beyond the scoreboard. Statistically, Rashford has become Barcelona’s most prolific loanee this season: five goals and four assists in ten Champions League games, and he has reached double figures for both goals and assists across all competitions – a first for any player in Spain this campaign. The loan, secured for €30 million (£26 million) with an option to buy, was initially motivated by Barcelona’s need for a versatile forward who could operate across the front line. The club previously pursued Nico Williams and Luis Díaz, but Rashford’s deal offered a quicker, more economical solution amid La Liga’s salary‑cap constraints. While he started the season as a backup, injuries to Raphinha and form dips from Ferran Torres and Lewandowski opened opportunities. Coach Flick has primarily deployed Rashford on the left flank, though he was briefly positioned as a centre‑forward during the Atletico match. Despite his contributions, Flick cautions that Rashford must improve his defensive work‑rate, a point emphasized by the coach before the game: “We know Marcus is fantastic with the ball, but defending is also part of the game.” Historically, overturning a 2‑0 first‑leg deficit in the Champions League is rare – only one team has succeeded. This reality adds pressure on Barcelona to protect their lead, while Simeone’s side will aim to exploit any complacency. Looking ahead, the club faces a strategic decision: whether to activate the €30 million buy clause and secure Rashford permanently. United have labelled the fee as non‑negotiable, but Barcelona’s limited budget and the desire to convert a successful loan into a long‑term asset make the negotiation critical. Rashford himself remains optimistic, stating he enjoys the new environment and culture in Catalonia. As the second leg looms, his “hyperactive” energy and willingness to take responsibility could prove decisive for Barcelona’s quest to reach the Champions League semi‑finals.
#rashford #barcelona #his
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Technology Apr 09, 2026

Dutch ‘rain fences’ store thousands of litres to shield homes from intensifying storms

Housing providers in the Netherlands are piloting rain‑water storage fences that can hold up to 2,1…
In the Dutch town of Veldhoven, social‑housing operator Woonstichting ’thuis has installed the first of its “rain fences” – garden fences that double as rain‑water storage units.Homeowners Theo and Willy Bolder report that the fence’s linked plastic blocks can retain up to 2,160 litres of water, lowering the load on municipal drains during intense rainstorms and supplying the garden when summer droughts hit."The rain is getting heavier and heavier nowadays, and if you have a cloudburst the drainage isn’t good and it comes up through the toilet," Willy explained, highlighting the growing problem of surface runoff in a country where average temperatures have risen by 1 °C since 2000 and cities are about 5 °C warmer than surrounding rural areas (KNMI data).Recent climate events underscore the urgency: the 2021 Limburg floods saw more than 15 cm of rain fall in 48 hours, causing the River Geul to burst its banks, while the historic 1953 North Sea flood claimed at least 1,800 lives and spurred the iconic Delta Works.Deputy mayor Rik Thijs of nearby Eindhoven stresses that traditional sewage capacity cannot keep pace with these extremes. "We need to capture as much as possible on the surface," he said, pointing to complementary measures such as resurfacing the old Gender river, creating wadi pools, and installing green roofs.The rain‑fence concept was developed by Harry den Hartigh of SunnyRain Solutions, whose personal connection to the 1953 disaster in Zeeland inspired a design that merges functionality with aesthetics: a fence that stores water while enhancing the garden’s look.Academic Jannes Willems, an urban‑planning professor at the University of Amsterdam, notes that simple, scalable solutions like rain‑water harvesting can offset the Netherlands’ “water‑shortage” concerns during hot summers, especially as the national water system was originally built to discharge water as quickly as possible.For property managers, the benefits extend beyond environmental stewardship. Matthijs Hulsbosch, sustainability manager at Woonstichting ’thuis, says the fences help protect the complex’s 11,000 homes from water‑related damage, potentially saving significant repair costs and reducing tenant inconvenience.Neighbourhood manager David Hearn adds that the pilot also improves community relations, turning a simple fence into a shared asset that residents are eager to adopt.
#water #rain #rainwater
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Sports Apr 09, 2026

Tyson Fury Vows Destructive Knockout in Return to Ring Against Arslanbek Makhmudov

Tyson Fury promises a destructive knockout against Arslanbek Makhmudov in his return to boxing at T…
Tyson Fury is set to make a highly anticipated return to the boxing ring on Saturday night, facing off against Arslanbek Makhmudov at Tottenham Hotspur Stadium in London. The Gypsy King, known for his bold claims and unorthodox style, has promised a destructive knockout to mark his comeback. “It’s going to be different because, for the first time in forever, I’m the hunter,” Fury declared at the fight’s final press conference. “I’m not the hunted, and we all know that when I’ve always been the hunter in the past, I’ve always fucked people up.” Fury, who announced his retirement from boxing in January 2025 but quickly reversed his decision, expressed his excitement about returning to the sport. He cited his long-term rival Anthony Joshua’s car crash in Nigeria as a defining moment that made him realize the importance of living in the present. Makhmudov, a formidable Russian opponent standing at 6 feet 7 inches and weighing 18 or 19 stone, seemed unfazed by Fury’s bold claims. “I’m happy and very excited to be here. I can’t wait for Saturday night,” he said. The Russian fighter from Dagestan added, “I don’t have pressure, because God prepared me for this moment all my life. I believe this is my time.” Fury, known for his bombastic delivery, also expressed sympathy for his opponent, stating, “I actually feel sorry for Makhmudov because I’m going to make an example of him. He’s a big lump, but I’ll knock his head right off his shoulders.”
#Tyson Fury #Arslanbek Makhmudov #Tottenham Hotspur Stadium
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