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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.”

Major League Soccer (MLS) Commissioner Don Garber has expressed his approval of FIFA's dynamic pricing strategy for the upcoming World Cup, which has significantly raised ticket prices across all games. The tournament is set to take place in the US, Mexico, and Canada this summer. Garber made these comments in Miami, where he attended the inaugural fixture at Inter Miami's Nu Stadium. He suggested that the high prices resulting from FIFA's dynamic pricing model are justified by the event's exclusivity, stating that Americans are accustomed to such pricing for major events. “FIFA has been smart. They have variable ticket pricing and I'm hoping they'll be providing access to anybody that wants to buy a ticket,” Garber said. “It's not really for me to comment on pricing. [MLS] has nothing to do with that, it's FIFA's decision. But I think it's going to be a premier event and premier pricing Americans are used to.” FIFA's dynamic pricing model has been met with criticism, with some labeling it as “price gouging”. US politicians have also weighed in, writing to FIFA President Gianni Infantino. Supporters' groups have expressed outrage over the rising costs. Recently, FIFA raised the top price of a World Cup final ticket to $10,900, up from $8,600 after the finals draw in December. This represents a significant increase from the $1,600 top price for a World Cup final ticket in Qatar four years ago. Despite the controversy, Garber emphasized that MLS is working to capitalize on the tournament to showcase its growth. Many of MLS' top players, including Lionel Messi and Rodrigo de Paul, are expected to represent their nations during the World Cup. “We're going to be present during the games,” Garber added. “We've just finalized the last shoot for major advertising campaigns. It's the first time we've ever produced anything like that. We'll be advertising in the final and semi-finals with some of our biggest stars that we think will resonate around the world.”

Deontay Wilder secured a split‑decision win over Derek Chisora in London on Saturday, prompting the former WBC champion to directly challenge Anthony Joshua for a long‑awaited heavyweight bout.As Wilder exited the arena, he walked past Joshua, exchanged a fist‑bump, and declared, “Let’s do it.” The American added, “I’m ready for whoever is in the heavyweight division. Call me Mr Clean because I want to clean up the whole division.”Wilder, who holds a record of 45‑4‑1 with 43 knockouts, faced a resilient Chisora who fought his 50th professional contest. The British veteran, aged 42, fell to a split decision with judges scoring the bout 115‑111, 112‑115 and 115‑113 in Wilder’s favour.Joshua, who last fought in December when he knocked out Jake Paul, has since recovered from a serious car accident in Nigeria that claimed two of his close friends. Promoter Eddie Hearn told Fight Hub TV that Joshua would have “no problem” taking the fight, noting the British boxer stared at Wilder “ice‑cold” but would accept the challenge.Historically, Wilder was the WBC champion when Joshua held the WBA, IBF and WBO belts, but a unification bout never materialised after Wilder’s loss to Tyson Fury and Joshua’s defeat to Oleksandr Usyk, who later unified the titles by beating Fury in May 2024.Chisora, whose record stands at 36‑14 with 23 knockouts, acknowledged the end of his fighting career after the loss. Speaking beside his son Zion, he said, “I’m tired now. I can’t do it any more… I’ve had a great career.” While he hinted he might stay involved in boxing in another capacity, he stopped short of confirming a comeback.The potential Wilder‑Joshua clash now looms as the heavyweight division seeks a new marquee matchup, with both fighters positioning themselves as the next dominant force.

The UK government's new employment rights watchdog, the Fair Work Agency (FWA), is set to launch on Tuesday, but its priorities have already faced criticism from worker advocates. The agency, a cornerstone of Labour's Employment Rights Act, will bring together several existing labour enforcement bodies and focus on policing the minimum wage, holiday pay, and modern slavery. However, the government's priorities for the FWA's first year have been criticized for focusing on reducing regulatory burdens on businesses, rather than taking a more robust approach to protecting workers' rights. The priorities, listed by Matthew Taylor, the incoming chair of the FWA, include 'thought leadership' and 'reducing regulatory burdens'. Worker advocates argue that this approach risks turning the agency into 'a dead duck' before it even begins. Sharon Graham, the general secretary of Unite, which represents over 1 million workers, said that the priorities showed the agency was 'in danger of being a dead duck before it even begins'. She added that the government needs to urgently ensure that the FWA focuses on bringing rogue bosses to heel, rather than seeking ways to allow dodgy companies to continue bad behaviour. The UK has among the fewest labour inspectors per worker within Organisation for Economic Co-operation and Development countries, with different estimates putting the scale of unpaid wages in the billions of pounds. This means employers face 'no credible threat of inspection, investigation or enforcement', according to Prof David Whyte of Queen Mary University. A report to be published on Monday by the Institute of Employment Rights will recommend adequate funding, unannounced inspections, and prosecutions for wrongdoing. The government has yet to announce the budget it will allocate to the FWA. A government spokesperson said: 'The new Fair Work Agency will end the current fragmented system of enforcing employment rights, making it easier for workers and victims of exploitation to get the rights they're entitled to. The agency will take tough action against businesses that deliberately flout the law while supporting employers who want to do the right thing and strengthen workers' rights.'

In a viral trend on TikTok, Londoners are reviewing upmarket bakeries and cafes in their neighborhoods, sparking conversations about gentrification and the changing face of local businesses.Moses Combe, a 21-year-old from north London, started a series of videos called the 'Endz Department for Research', where he reviews upscale cafes that he wouldn't normally visit. His goal is to investigate the changes happening in his own backyard. Combe's review of Jolene, a bakery he describes as 'giving Gail's Pro Max', comes to £14.20. He enjoys the sausage roll, saying 'They did not skimp out with that sausage, bro.'Combe isn't alone in his reviews. Kobi Coker, a 27-year-old comedian and educator, also reviews 'gentrified' spaces. He says his videos exploring these areas weren't initially intentional but were sparked by noticing new, upmarket establishments opening up on his road during his daily commute. Coker has reviewed the Dusty Knuckle bakery, Jolene, Gail's, and Pret, often joking about his experiences.The trend has led to discussions about gentrification and its impact on local businesses. Coker notes that while some new businesses bring new ideas, the problem is that long-time residents 'aren't necessarily able to participate in it.' Matthew Roberts, operations manager at Jolene, welcomes the attention, saying it's 'all very positive' and that they want to 'welcome absolutely everybody.'Other reviewers, like Daniel Poon, a 27-year-old content creator, review mainstream chains when they release products inspired by other cuisines. He reviewed Pret's ube drink, saying it didn't feel authentic to the original Filipino flavor. Poon appreciates chains' efforts to branch out and try new things, but also values diversity and trying different cuisines.

Chelsea manager Liam Rosenior has sought to calm the storm surrounding Enzo Fernández's recent comments about his future at the club. Fernández had appeared to cast doubt on his Chelsea future during the international window, praising former Real Madrid players Toni Kroos and Luka Modrić and expressing a desire to live in Madrid. Rosenior took the decision to suspend Fernández from Chelsea's FA Cup quarter-final against Port Vale and the upcoming Premier League game against Manchester City, feeling his comments had 'crossed the line' and threatened the culture he is working to instill. However, Rosenior was pleased that Fernández was present at Stamford Bridge to watch the Vale match and sought to draw a line under the affair. “Enzo and I are in a very good place,” Rosenior said. “I saw him today, had a really good conversation with him today one-to-one and things aren’t what people maybe think they are.” Rosenior emphasized that he wants the team to focus on achieving their season goals, including winning the FA Cup and qualifying for the Champions League. The decision to punish Fernández drew an unhappy response from the player’s agent, Javier Pastore, who described it as 'completely unfair.' Rosenior remained firm, stating that Fernández knows his value to the team and that he was pleased to see him supporting the players.

Real Mallorca delivered a stunning upset to Real Madrid, winning 2‑1 thanks to an added‑time strike from Vedat Muriqi. The victory pushes the champions to four points behind Barcelona ahead of their upcoming clash with Atlético Madrid.The match began with Mallorca absorbing early pressure; goalkeeper Leo Román denied Kylian Mbappé twice with diving saves. Mallorca took the lead in the 42nd minute when Manu Morlanes headed home a cross from Pablo Maffeo.Real responded late, with Éder Militão—returning from a hamstring injury—equalising in the 88th minute. Just three minutes later, Muriqi, the league’s second‑highest scorer behind Mbappé, netted the winner, marking Mallorca’s first triumph over Real in three years and lifting them two points above the relegation zone.Muriqi, who had faced criticism after Kosovo’s World Cup qualifying loss, broke down in tears after the final whistle, saying, "Sometimes emotions get the better of you… I’m just happy to repay the supporters, we want to stay in this division for them."In Germany, Bayern Munich staged a dramatic comeback, scoring three goals in the final nine minutes to edge Freiburg 3‑2. Tom Bischof equalised, and Lennart Karl clinched the winner in stoppage time, despite the absence of injured striker Harry Kane. Bayern now travel to Real Madrid for their Champions League quarter‑final first leg.Freiburg had opened the scoring early in the second half with a long‑range strike from Johan Manzambi, and later doubled the lead via a Lucas Hoeler volley after a corner error by Manuel Neuer. However, Bayern’s late surge erased the deficit.Meanwhile, Borussia Dortmund secured a 2‑0 away win at VfB Stuttgart with late goals from Karim Adeyemi and Julian Brandt. The victory keeps Dortmund in second place on 64 points, nine behind Bayern, while Stuttgart slips to fourth.In Italy, Massimiliano Allegri of AC Milan reiterated his focus on the club, dismissing any immediate interest in the vacant Italy national team manager role after Gennaro Gattuso stepped down following a World Cup playoff defeat.

At the start of 2026 Pakistan was sitting on a surplus of imported liquefied natural gas (LNG). Three consecutive years of falling demand – from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025 – were driven by cheap solar panels and reduced industrial activity. The government responded by quietly selling excess cargoes abroad and shutting down domestic wells to avoid over‑pressurising pipelines. Any gas that could not be diverted would have been pushed into household networks at a loss, adding billions to the sector’s crippling debt. Everything changed on 28 February when the United States and Israel launched the "Epic Fury" operation against Iran. The strikes killed Supreme Leader Ali Khamenei and targeted missile sites, air defences and military infrastructure. Iran retaliated with hundreds of missiles and drones, choking traffic through the Strait of Hormuz – a chokepoint for roughly 20 % of global oil and gas. As part of its retaliation, Iranian drones hit Qatar’s Ras Laffan Industrial City on 2 March, the world’s largest LNG export hub. Qatar, the second‑largest LNG exporter after the United States, declared force majeure and halted all production, releasing it from contractual delivery obligations. The fallout was immediate. Qatar’s forced shutdown cut its LNG output by 17 % and disrupted the supply chain that fuels Pakistan, which sources almost all of its imported gas from Qatar and the United Arab Emirates. Pakistan’s LNG arrivals plummeted from 12 shipments in January to just two in March. Monthly cargo data from the Oil and Gas Regulatory Authority (OGRA) show that the country received between eight and twelve shipments a month through 2025, but only two arrived after the conflict began. Price pressure followed. On 13 February state‑owned Pakistan State Oil and Pakistan LNG Limited bought eight cargoes at an average of $10.47 per MMBtu (totaling $257.1 million). By 12 March the two cargoes that did arrive cost $12.49 per MMBtu – a 19 % increase in just one month. Long‑term contracts have left Pakistan with little flexibility. Two government‑to‑government agreements with Qatar, spanning 15 and 10 years, commit the country to nine shipments a month. Even as domestic demand fell – LNG’s share of Asian markets dropped from ~30 % in 2020 to ~18 % in 2025 – the contracts remained binding. Solarisation has been a double‑edged sword. By 2025 Pakistan installed 34 GW of solar capacity, with about 25 GW feeding the national grid, driving an 11 % decline in overall electricity demand between 2022 and 2025. Gas‑fired power plants built for imported LNG are now under‑utilised, especially during daylight hours. Analysts warn that the surplus was predictable. “Pakistan’s energy planning has been locked into long‑term contracts with little room for adjustment,” says Haneea Isaad of the Institute for Energy Economics and Financial Analysis (IEEFA). The resulting circular debt now stands at 3.3 trillion rupees (≈ $11 billion), and the government is negotiating to off‑load 177 unwanted shipments worth $5.6 billion through 2031. With Qatar’s LNG shipments effectively halted, the country faces a potential shortfall of more than 21 % of its power generation capacity. The National Electric Power Regulatory Authority confirmed that LNG supplies are under force majeure, while coal imports from South Africa and Indonesia continue. To mitigate the gap, Pakistan is reviving domestic gas production that had been throttled during the surplus period. Roughly 350–400 million cubic feet per day of domestic gas were previously held back for LNG imports, now being released to the grid. Nevertheless, analysts caution that even with restored domestic gas, imported coal and hydropower, “the energy shortage may persist, especially during the peak summer months.” Summer pressure is already building. The State of Industry Report 2025 recorded peak electricity demand of over 33,000 MW last summer, while winter demand sits around 15,000 MW, helped by solar generation of 9,000–10,000 MW daily. Furnace oil, the primary backup fuel, now costs 35 rupees per unit (≈ $0.12), more than double since the Strait of Hormuz disruption. Consumers with grid electricity face higher bills and possible outages; industrial users reliant on gas risk production cuts; those equipped with rooftop solar and battery storage are best insulated. “Returning to the spot market is unlikely given Pakistan’s dire financial position, and competing with wealthier nations would price the country out,” Isaad warns. “The realistic outcome may be planned load‑shedding of two to three hours daily.”

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.