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The Economic Crisis in War-Torn LebanonBeirut, Lebanon – Mario Habib, a 51-year-old barber who opened his shop in 2006 just before war broke out between Israel and Hezbollah, is now living through another conflict. Twenty years later, his business in Furn el-Shebbak neighborhood is struggling as Lebanon's economy deteriorates under the weight of renewed war and global fuel crisis. "The price of running the generator is killing me," Habib said. "Everything has gotten more expensive, the price of petrol doubled, the supermarket is more expensive, even the products [I use for my business] got more expensive."Regional Conflict Disrupts Fuel Supplies and Economic GrowthIsrael's war on Lebanon and the broader US-Israel war on Iran are severely damaging Lebanon's fragile economy. Supply issues have particularly affected oil from the Gulf region, which has largely stopped flowing since the US and Iran blockaded the Strait of Hormuz. In Lebanon, which was already suffering from a severe economic crisis, there is less work and people are losing their jobs at an alarming rate.Despite Lebanon's government expressing optimism about the country's economy in 2025, with the World Bank recording a modest 3.5 percent GDP growth that year, the renewed conflict has erased those gains. In March 2026, inflation reached an 18-month high in Lebanon. Lebanon's Bank Audi now predicts that there will be 0 percent GDP growth in 2026 if the war continues.Economic Indicators Show Deteriorating ConditionsInflation reached an 18-month high in March 2026Bank Audi projects 0% GDP growth for 2026 if war continuesLebanon had recorded 3.5% GDP growth in 2025Reconstruction and recovery costs estimated at $11bn by World BankWar-related losses in 2026 estimated at $3bn (with more expected)Oil prices have increased approximately 65% since MarchCompounding Crises Create Perfect Economic StormLebanon's current economic crisis is not solely the result of recent conflicts. The country has been facing multiple compounding crises for years:2019: Financial mismanagement led to a banking crisis, cutting people off from their savings2020: Beirut port explosion killed 218 people and devastated infrastructure2021-2022: Worsening state services and mass emigration2023-2024: Hezbollah-Israel war displaced thousands of Lebanese2024: Israel intensified attacks, displacing more than one million people2026: Renewed Israeli attacks have displaced over 1.2 million people"This is a war that comes after a war," said Sami Zoughaib, an economist and research manager at The Policy Institute, a Beirut-based think tank. "It comes after institutional collapse. It comes after one of the worst financial crises in history."Societal Impact and Economic VulnerabilityThe economic crisis is disproportionately affecting Lebanon's most vulnerable populations. According to the World Bank, agriculture, commerce, and tourism—sectors accounting for 77 percent of economic losses—are key income sources for low-wage and informal workers now at significant risk.Remittances, which were approximately $6.6bn in 2023, are expected to drop significantly in 2026 due to rising oil prices. The 65% increase in oil prices since March particularly affects remittances from Gulf countries, which are crucial to Lebanon's economy.The displacement crisis has mostly impacted Lebanon's Shia community, from which Hezbollah draws its support. However, economists warn that the economic fallout could exacerbate societal divisions, with political elites potentially scapegoating displaced people for the country's economic problems—a pattern seen in the past with Syrians and Palestinians.Future Outlook: Economic Collapse or Recovery?Should the current pattern of conflict continue, Lebanon's economy could soon become unviable, with many investors deciding that opening or operating businesses is not worth the potential returns. The impact has been felt across the country, with no community left untouched by the economic consequences of war.While some areas have been hit harder than others, economist Sami Zoughaib warns that Lebanon may be reaching a point of no return. "That is, for me, very dangerous," Zoughaib said, referring to the potential for political elites to exploit economic divisions for their own gain.For ordinary Lebanese citizens like Mario Habib, the immediate concern is survival. Despite rising costs and reduced business, Habib refuses to raise his prices. "I always prefer that the person who comes here is comfortable," he said. "A lot of things are more expensive, but I prefer to be conservative on this. I feel like if you come to me, you want to be happy and relaxed."

Lead: Merger Talks Collapse After Power‑Sharing StalemateOn Thursday, Estée Lauder announced that it has terminated negotiations with Puig to create a combined fashion‑and‑beauty group valued at nearly $40 bn. The split follows an impasse over which family‑controlled entity would dominate the board and the level of compensation demanded by key Puig brands.Breakdown of the Failed Estée Lauder‑Puig Merger NegotiationsThe discussions, first disclosed in March, stalled on two core issues:Control of the merged entity – both the Lauder and Puig families wanted the balance of power.Board composition – disagreement over the allocation of seats.Compensation for Charlotte Tilbury, a flagship Puig brand, which Bloomberg reported as a further sticking point.Both CEOs issued statements expressing gratitude for the talks but reaffirming confidence in their independent strategies.Share Price Reactions and Valuation ImplicationsInvestor sentiment shifted sharply after the termination:Estée Lauder shares rose 11.5% in post‑market trading, recovering from a roughly 20% decline that followed the merger’s initial disclosure.Puig shares, which had surged 15% when the deal was announced, plunged by a similar margin after the news.The combined entity would have been worth almost $40 bn (£30 bn/€34.5 bn), a valuation that now remains speculative.Strategic Implications for the Global Beauty LandscapeThe aborted deal underscores the difficulty of aligning family‑controlled businesses in the highly consolidated beauty sector. Estée Lauder, with a dual‑class structure giving the Lauder family >80% voting power, signals a preference for organic growth. Puig, having completed 11 acquisitions since 2011, will likely continue a selective, value‑focused M&A; approach under its new non‑family CEO, José Manuel Albesa.What the Split Means for Future M&A; in Beauty and FashionAnalysts expect both companies to pursue alternative growth paths:Estée Lauder may double down on its core brands—Clinique, Bobbi Brown, Tom Ford—and expand its digital and emerging‑market footprint.Puig is expected to keep targeting niche luxury brands that complement its existing portfolio, avoiding large‑scale mergers that could dilute family control.Overall, the termination highlights that governance and cultural alignment remain decisive factors in cross‑border beauty‑fashion consolidations.

The Childcare Crisis in BritainThe number of childminders in England has roughly halved over the past decade, with many citing rising costs, low pay and increasing paperwork as reasons for leaving the profession. Campaigners warn the decline is making it harder for families to find flexible and affordable childcare.Seeking Parent ExperiencesWe want to hear from parents and carers whose childminder has recently closed their business, stopped accepting certain age groups such those over three-year-olds or reduced the number of children they look after.Impact on FamiliesHow did it affect your family? Did you struggle to find alternative childcare? Have you been forced to move your child into a nursery setting despite feeling they were better suited to a smaller, home-from-home environment?Share Your StoryThe Guardian is collecting experiences from parents affected by the decline in childminding services. If you're 18 or over, you can share your story anonymously if you wish. Your responses are secure as the form is encrypted and only The Guardian has access to your contributions.Call for ActionAs the childcare landscape continues to change, it's crucial to understand how these changes are affecting families across the UK. By sharing your experiences, you can help highlight the challenges and potential solutions in the childcare sector.

Weekly Wildlife Roundup: Top Predator StoriesThe latest Guardian wildlife column spotlights three notable predator encounters that illustrate how large and medium‑sized carnivores are adapting to a rapidly changing environment.Leopard Lurks Near Human SettlementsA leopard was observed prowling close to a rural village, prompting both awe and concern among residents.Location: Rural community bordering protected landBehavior: Stealthy movement along forest edges, no direct conflict reportedSignificance: Highlights the thinening buffer between protected habitats and human activityFox's Fortunate Encounter Highlights Urban AdaptationA fox managed to evade a potential roadkill scenario, showcasing its agility and growing comfort in suburban settings.Incident: Narrowly escaped a busy roadway after being spotted by local observersAdaptation: Utilises garden waste and small mammals in urban green spacesImplication: Demonstrates the species' resilience and the need for safe wildlife corridors in citiesCoyote's Clever Behavior Signals Expanding RangeIn a separate observation, a coyote displayed problem‑solving skills while foraging near a suburban park.Behavior: Used a fallen branch to access a bird feederRange: Sightings are moving further north than historic recordsEcological Impact: Potential competition with native mesopredatorsWhat These Predator Movements Mean for Ecosystem ManagementCollectively, the sightings point to a broader trend of predators navigating fragmented landscapes, which raises questions for land‑use planners and conservationists.Increased human‑wildlife interactions demand proactive conflict‑mitigation measuresHabitat corridors become critical for maintaining genetic flowMonitoring programs must adapt to track both apex and mesopredators across mixed‑use zonesLooking Ahead: Conservation Priorities for Apex and MesopredatorsFuture efforts should focus on integrating community education, habitat connectivity, and data‑driven management to ensure coexistence.Promote citizen‑science reporting to fill observation gapsInvest in green infrastructure that accommodates predator movementDevelop region‑specific guidelines that balance agricultural, urban, and wildlife needs

Tragic Loss of a Racing IconThe NASCAR community is in shock after the death of Kyle Busch, a two‑time Cup Series champion and record‑holding winner across NASCAR’s three national series. He passed away at 41 following a brief hospitalization for a “severe illness.”Details of the Illness and HospitalisationBusch was testing in the Chevrolet racing simulator in Concord on Wednesday when he became unresponsive. He was rushed to a Charlotte hospital and died the following day. The family, Richard Childress Racing, and NASCAR released a joint statement confirming his death but did not disclose a cause.Wednesday: Unresponsive during simulator test; transported to hospital.Thursday: Family announces death; no cause released.Three days before scheduled start in the Coca‑Cola 600 at Charlotte Motor Speedway.Career Statistics Highlighting Busch’s RecordBusch’s achievements set him apart in modern motorsport:Combined wins: 234 across Cup, Xfinity (O’Reilly Auto Parts) and Trucks series.Cup victories: 63 wins.Xfinity wins: 102 wins (record).Truck Series wins: 69 wins (record).Championships: Cup Series titles in 2015 and 2019 with Joe Gibbs Racing.Rookie of the Year: 2005.Repercussions for NASCAR and the Racing CommunityThe loss reverberates through teams, drivers, and fans. Statements from NASCAR, teammates Denny Hamlin and Brad Keselowski expressed “heartbreak” and “absolute shock.” Busch’s role as an owner in the Truck Series and his outspoken personality helped build the devoted “Rowdy Nation” fan base.His career also illustrates the sport’s competitive dynamics, from early dismissal by Hendrick Motorsports to a dominant stint with Joe Gibbs Racing, and later challenges with Richard Childress Racing.Looking Ahead: Legacy and Future of the SportWhile the immediate future of Busch’s teams remains uncertain, his impact is likely to be cemented with Hall of Fame consideration and continued reverence from fans and fellow drivers. The sport may also see increased focus on driver health monitoring, given the sudden nature of his decline.

The Scale of Government WasteCancelled government projects cost taxpayers a staggering £6.6 billion in the past year alone, with money written off that achieved no intended objectives or created any value for the public, according to parliament's spending watchdog. The Public Accounts Committee (PAC) described successive governments' tendency to abandon projects after spending significant sums as a "particularly egregious" example of poor value for public money.Key Failed InitiativesAmong the most prominent cancelled projects were the Conservative government's Rwanda deportation scheme, which cost £290 million before being scrapped by the new Labour administration, and the planned A303 road tunnel under Stonehenge, which contributed to a £472 million loss for the Department for Transport. The Ministry of Defence emerged as one of the most wasteful departments, incurring a £1.6 billion loss through project cancellations in the 2024-25 tax year.Financial Impact AnalysisThe cross-party committee analyzed spending across 17 main government departments and identified several factors behind the financial losses:Write-offs and debts no longer being pursuedDepartments cancelling or retiring assetsFraud, particularly in the Department for Work and PensionsCompensation schemes reaching £73.4 billion by the end of the last financial yearThe Department for Work and Pensions reported £9.3 billion in overpayments due to fraud and errors that have persisted for 36 years.Governance and Accountability ConcernsThe PAC deputy chair, Labour MP Clive Betts, characterized the high costs as a sign of government "complacency," stating that hard-working taxpayers should be "rightly aggravated" by the figure. The committee rejected the argument that high levels of fraud and waste are simply "the cost of doing business in the public sector," instead labeling them "the cost of complacency." James Bowler, the Treasury's permanent secretary, acknowledged that write-offs could occur with changes in government and differing objectives, suggesting a "value for money trade-off" in project completion decisions.Future Outlook on Government SpendingThe report calls for urgent action to reduce fraud and improve value for money in government programs. The Treasury has stated it "will never tolerate fraud, error or waste" and emphasized that the government ended the Rwanda scheme and cancelled unaffordable road projects to "protect the public finances." With public finances under increasing scrutiny, the findings are likely to intensify demands for greater accountability and more rigorous project planning before major initiatives receive approval and funding.

The Deadly Attacks in Honduras Two incidents of gun violence have shaken Honduras, killing at least 16 people in the Central American country. On Thursday, gunfire was first reported on a remote palm farm in Rigores, part of the municipality of Trujillo in the country’s north. The Attack on the Palm Farm A spokesperson for Honduras’s National Police, Edgardo Barahona, said that as many as 10 workers were shot dead at the site, though the number is expected to rise. Barahona explained that some distraught family members had come to collect their loved ones’ bodies before investigators could secure the crime scene. Local media indicated that armed suspects fired indiscriminately on labourers, including some who had gathered at a local church. Photos showed bodies, some wearing thick rubber boots for work, strewn on the ground outside. According to one report, three sisters were among the dead. The Ambush of Police Officers Separately on Thursday, a second deadly incident unfolded in another part of northern Honduras, the Cortes department, near the border with Guatemala. In that case, police officers had travelled from the capital Tegucigalpa to Omoa, in Cortes, to carry out an anti-gang operation. But authorities describe what happened next as an ambush. According to reports, the officers entered a building to search for suspects and were fired upon. Six officers were killed, including a deputy commissioner named Lester Amador, according to the National Police. They were from the Anti-Maras, Gangs and Organised Crime Police Directorate (DIPAMPCO), a unit within the police force. Suspects may have also been killed or injured in the attack. The Government's Response After the two attacks, the National Police issued a statement, saying it “will proceed immediately with a direct intervention in the affected areas”. “The state will act firmly to capture those responsible, protect vulnerable communities and guarantee comprehensive justice for all affected victims,” it added. Honduras was under a years-long state of emergency to combat crime starting in 2022. Critics, however, denounced the emergency measures as weakening civil liberties and awarding law enforcement inordinate power, allowing it to carry out human rights abuses.

The Passing of a NASCAR LegendTwo-time NASCAR Cup Series champion Kyle Busch has died at 41 after being hospitalized with a severe illness, NASCAR announced in a Thursday statement. The racing organization expressed their sadness, calling Busch "one of our sport's greatest and fiercest drivers" and extending condolences to his family, Richard Childress Racing, and the motorsports community.Racing Career and AchievementsBusch, a Las Vegas native, won championships in 2015 and 2019 and held the record for most wins across NASCAR's three national series with 234 victories. He was in his fourth season at Richard Childress Racing after previously winning titles with Joe Gibbs Racing. This season, he ranked 24th in the Cup Series standings with two top-10 finishes in 12 races.The Final RaceDuring a NASCAR Cup Series race on May 10 at Watkins Glen, Busch radioed in to his crew requesting medical aid after struggling with a sinus cold that was exacerbated by the intense G-forces and elevation changes at the upstate New York road course. Despite his condition, Busch continued to race and finished eighth.A Polarizing Figure in MotorsportsKnown as "Rowdy" and "Wild Thing" for his post-race fights, regular feuds with other drivers, and sometimes outlandish behavior, Busch stormed onto the Cup Series scene in 2005 by winning rookie of the year. Over his career, he won 63 Cup Series races and became one of the most recognizable figures in NASCAR.Legacy and FamilyBusch is survived by his wife, Samantha, and children Brexton and Lennix. His death marks the end of an era for NASCAR, as one of its most successful and controversial drivers has passed away at a relatively young age, leaving behind a legacy of remarkable achievements and memorable moments on the track.

Lead: U.S. Treasury Announces Sanctions on Hezbollah‑Linked Politicians and Security FiguresThe United States has designated nine people for allegedly enabling Hezbollah to undermine Lebanon’s sovereignty, marking the latest effort to cripple the group’s financial networks.U.S. Treasury Targets Hezbollah‑Linked Politicians and Security OfficialsIn a Thursday statement, the Treasury said the individuals were sanctioned “for obstructing the peace process in Lebanon and impeding the disarmament” of Hezbollah. The State Department added that the list includes members of Lebanon’s parliament, an Iranian diplomat, and security officials who “abused” their roles.Mohamed Abdel‑Mottaleb Fanich – executive council leaderNizammeddine Fadlallah – elected Hezbollah MPIbrahim al‑Moussawi – longtime officialHussein Al‑Hajj Hassan – longtime officialMohammad Reza Sheibani – Iranian ambassador‑designate to LebanonAhmad Asaad Baalbaki – Amal Movement security officialAli Ahmad Safawi – Amal Movement security officialSamir Hamadi – Lebanese Armed Forces branch chiefKhattar Nasser Eldin – top official at the General Directorate for General SecuritySanctions List and Reward Offer: Numbers and StakesThe Treasury also announced a reward of up to $10 million for information leading to the disruption of Hezbollah’s financial mechanisms.Lebanon’s Ministry of Public Health reports that Israeli attacks since March 2 have killed at least 3,089 people and wounded 9,397.Implications for Lebanon’s Sovereignty and Ongoing ConflictState Department spokesperson Tommy Pigott warned that politicians, business leaders, or security personnel aiding Hezbollah will face “real consequences.” Hezbollah dismissed the sanctions as an “intimidation attempt” with “no practical effect” on its strategic choices.The sanctions arrive amid intensified Israeli air raids and shelling across southern Lebanon, including recent strikes in Tyre district towns that killed civilians and destroyed families.Potential Effects on Peace Talks and Regional DynamicsU.S. officials are simultaneously brokering peace talks between Israel and Lebanon, with political negotiations slated for June 2‑3 and security talks scheduled for May 29 at the Pentagon.Pigott said the sanctions aim to “create space for good‑faith conversations” and counter Hezbollah’s efforts to derail the negotiations.Analysts suggest the sanctions could pressure Lebanese officials to curb Hezbollah’s influence, but the group’s rhetoric frames the measures as a badge of honor, potentially hardening its stance ahead of the upcoming talks.