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Business May 26, 2026

Ofgem Should Admit Electricity Prices Will Remain Elevated for Years, Says Nils Pratley

Energy regulator Ofgem is expected to keep the electricity price cap high as wholesale and non‑comm…
Britain’s energy regulator is poised to announce another steep quarterly price‑cap, signalling that electricity bills will stay high for the foreseeable future. The rise is driven not just by volatile wholesale prices but by a cascade of non‑commodity costs that are set to balloon over the next decade.Why the Next Ofgem Price Cap Is Likely to Remain ElevatedEnergy consultant Cornwall Insight predicts the typical household electricity bill will reach £1,850 this quarter – an increase of £209 from the previous period. The regulator’s messaging will likely cite the ongoing disruption of the Strait of Hormuz and the mitigating effect of new wind and solar generation.Cost Drivers Behind the Rising Electricity BillsWholesale electricity now accounts for only 30% of the bill, down from 90% a few years ago.Non‑commodity charges – grid upgrades, carbon taxes, warm‑home discounts and nuclear subsidies – dominate the cost structure.Network Use of System charges are projected to jump from £7.6bn this year to £12.1bn by 2029‑30, a ~60% increase.Balancing costs could rise from £2bn annually now to as much as £8bn by 2030.Industry leaders warn that even a 50% cut in wholesale prices would still leave bills 20% higher due to fixed non‑commodity costs.Broader Economic and Industrial ImplicationsHigh electricity prices threaten UK manufacturing competitiveness, as highlighted by the CBI and Energy UK. The Climate Change Committee stresses that cheaper power is essential to accelerate heat‑pump and electric‑vehicle adoption, yet the current cost trajectory delays those decarbonisation gains.What Transparent Medium‑Term Forecasts Could ChangeAnalyst Ben James estimates an average increase of £79 per household between 2025 and 2030. If Ofgem published similar medium‑term models, policymakers could better allocate levies, decide on taxation versus direct subsidies, and provide households with clearer expectations. Greater openness would also sharpen the political debate on who should bear the rising grid and balancing costs.
#Ofgem #Cornwall Insight #Neso
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Entertainment May 26, 2026

Lee Friedlander's Witty Vision: A Photographic Celebration in Pictures

The Guardian showcases a visual tour of Lee Friedlander's latest exhibition, highlighting his trade…
Executive Snapshot: Friedlander’s Playful Lens on Display The Guardian’s picture‑rich feature walks readers through the newest showcase of Lee Friedlander, emphasizing his knack for turning everyday moments into witty visual jokes. The essay serves as both a tribute and a primer for anyone curious about his enduring influence. Inside the Exhibition: Curating Friedlander’s Signature Humor The gallery arranges Friedlander’s black‑and‑white prints alongside candid snapshots, each framed to reveal the photographer’s love of visual puns, layered compositions, and urban detours. Highlights include: Street scenes where shadows become characters. Self‑portraits that blur the line between observer and observed. Series of storefront windows that turn commercial signage into visual riddles. Numbers on the Wall: Attendance and Market Signals The article does not disclose specific visitor counts or sales figures for the show. However, past Friedlander retrospectives have typically drawn tens of thousands of visitors and sparked renewed interest in his limited‑edition prints. Why It Matters: Shaping Contemporary Photographic Discourse Friedlander’s blend of humor and meticulous composition continues to inspire a new generation of photographers who seek to embed narrative depth in everyday scenes. The exhibition reinforces his role as a bridge between classic documentary traditions and modern visual storytelling, reaffirming the market’s appetite for work that balances aesthetic rigor with accessible wit. Looking Ahead: The Future of Friedlander’s Legacy As museums and galleries worldwide revisit Friedlander’s oeuvre, his influence is likely to expand into digital platforms, where his compositional tricks can be re‑imagined through interactive media. Collectors and institutions are expected to pursue further collaborations, ensuring that his “gift that keeps on giving” endures for decades to come.
#Lee Friedlander #The Guardian #Photography
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Economy May 26, 2026

Israel's Labor Market Undergoes Profound Transformation Post-October 7

Israel's labor force has undergone significant transformation since October 7, 2023, with substanti…
The Lead: A New Economic Reality Since the events of October 7, 2023, Israel's labor market has experienced unprecedented changes that have reshaped the nation's economic landscape. The transformation has affected employment sectors, workforce demographics, and labor policies, creating a new economic reality that continues to evolve as the country adapts to the post-October 7 environment. The Event Details: Structural Shifts in Employment The most significant changes have occurred in three key areas: the security sector's expansion, the technology industry's adaptation, and the service sector's realignment. The security industry has seen a dramatic increase in hiring, with defense-related positions growing by approximately 35% since October 2023. Meanwhile, Israel's renowned tech sector has undergone a strategic pivot, with many companies shifting focus to defense-related technologies and cybersecurity solutions. The Data Analysis: Economic Impact and Labor Statistics Unemployment rate decreased from 3.8% pre-October 7 to 3.2% in 2026 Participation rate among women aged 25-44 increased by 7.3 percentage points Wage growth in security and defense sectors reached 22%, significantly outpacing other industries Foreign worker population decreased by approximately 18%, with replacement by domestic workers GDP growth remained resilient at 3.1% in 2025, despite regional instability The Impact Analysis: Regional and Sectoral Transformation The labor transformation has had profound effects across Israel's economic regions. Southern Israel, once peripheral, has become a hub for security and technology development, reversing decades of economic disparity. The traditional manufacturing sector has contracted by 12%, while the digital economy has expanded by 28%. These shifts have created new economic disparities even as they've generated opportunities in previously underserved communities. The Prediction: Future Trajectories of Israel's Workforce Economists project that Israel's labor market will continue to evolve through 2030, with three key trends emerging: further integration of security and civilian sectors, increased automation in manufacturing, and a growing emphasis on vocational training to meet specialized industry needs. The transformation has positioned Israel as a global leader in security technology while creating challenges for workforce development and economic diversification in the coming decade.
#Israel #Labor Market #October 7
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Sports May 26, 2026

Michael Jordan Pays Tribute to Pep Guardiola at Man City Farewell

Basketball legend Michael Jordan paid tribute to departing Manchester City manager Pep Guardiola du…
The Tribute from a Legend Basketball legend Michael Jordan has paid tribute to Pep Guardiola as the departing Manchester City manager was given a final sendoff during an open-top bus parade and after-party featuring an on-stage contract announcement by one of the club’s top players. Guardiola's Farewell Celebration After the parade through the streets of Manchester on Monday, a sellout crowd of 19,000 inside the Co-op Live arena near City’s Etihad Stadium witnessed a video message from Jordan to Guardiola on the big screen. “Hey, Pep, this is Michael Jordan,” the six-time National Basketball Association (NBA) champion said. “I just want to congratulate you on an unbelievable career. Enjoy your retirement. “Good luck on the links,” Jordan added, in a nod to Guardiola’s hobby of golf, “and keep them straight. Congratulations.” A Decade of Success Guardiola is leaving after a record-breaking decade in charge of City, in which he won 17 major trophies. The Impact on the Team Former City captain Vincent Kompany, the current Bayern Munich coach, and Noel Gallagher of the Britpop band Oasis attended the event in person. It was arranged to celebrate the domestic cup double of the men’s team as well as the club’s Women’s Super League and FA Youth Cup triumphs. In the part of the show dedicated to the women’s team, record scorer Khadija “Bunny” Shaw announced on stage she had signed a new four-year contract with City, ending speculation linking her with Chelsea. Erling Haaland's Commitment Also speaking on the stage was superstar forward Erling Haaland, who said he was determined to make sure City’s success does not end with the departure of Guardiola and longtime stalwarts Bernardo Silva and John Stones. “It has been an up-and-down season,” Haaland said, “but we are going to try to keep pushing and try to fight to win the biggest trophies we can. “It has been a pleasure to play with Bernardo and John, and of course for Pep. It has been an amazing journey, but we need to keep pushing and fighting even without them.” Guardiola's Emotional Farewell “Thank you so much for coming here tonight to say bye,” Guardiola said. “I’ve felt the connection that this club [has] from the first minute. “Thank you so much. I don’t have enough gratitude. I will have [that with me] for the rest of my life.”
#Pep Guardiola #Manchester City #Michael Jordan
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World Wide May 26, 2026

France struggles to deport immigrant students

France is facing criticism for deporting immigrant students who have graduated from technical high …
The Plight of Immigrant Students in France France is grappling with a concerning trend of deporting immigrant students who have graduated from technical high schools. In the northern suburb of Paris, Saint-Denis, dozens of students of immigrant backgrounds are facing deportation orders, despite exemptions designed to protect students training in understaffed fields. Deportation Orders on the Rise In April, Mariem*, a 19-year-old Tunisian student studying medicine, received a deportation order. Mohammed*, 19, a Moroccan student enrolled in an electrical engineering program, also received a similar letter. The deportation orders, known as "Obligation de Quitter le Territoire Francais" (OQTF), have left many students in a state of shock and uncertainty. The Data Analysis An estimated 50 students in one Saint-Denis trade school were either undocumented or had been deported due to paperwork issues. About a dozen other technical schools in the region are experiencing similar challenges. The percentage of visas issued overall has decreased by more than 40 percent, and work visas by more than 50 percent. The Impact Analysis The deportation orders are often the result of administrative errors, convoluted bureaucracy, or language barriers. Many students have lost out on work or study opportunities due to the prefecture's timeline to approve work permits falling outside the academic calendar. The backlog for residence and work permits is particularly bad in Saint-Denis, with an average processing time of 145 days, compared to 117 across France. The Prediction The situation may improve with the election of a left-wing mayor in Saint-Denis, Bally Bagayoko, who has shown support for undocumented technical school students. However, the road ahead remains uncertain for many immigrant students in France.
#France #Immigration #Deportation
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Sports May 26, 2026

Monfils Aims to Follow Ronaldo and LeBron's Footprint by Playing into His 40s

French tennis star Gael Monfils, who turns 40 in September, is determined to extend his career into…
Monfils' Ambitious Retirement PlanGael Monfils is determined to emulate the likes of Cristiano Ronaldo and LeBron James by playing into his 40s and hopes to play at Wimbledon, Montreal and the US Open before bringing down the curtain on his career on home soil at the Paris Masters.The Frenchman, who turns 40 in September, bade a fond farewell to Roland Garros after going down 6-2, 6-3, 3-6, 2-6, 6-0 to compatriot Hugo Gaston in the first round on Monday, walking off to a standing ovation that celebrated a career of two decades.A Career Spanning Two DecadesMonfils will retire at the end of the season as he seeks to manage his body into his 40s."Why do I want to get to the States? Because I want to play until 40. My wish is to be an athlete that plays until 40 years old," Monfils said."Like Stan (Wawrinka), LeBron, Cristiano, (Patrice) Evra, like all of the athletes who have managed to continue their sport until the age of 40."That's what I want to do. You know that whatever happens this summer, I'm locked in to train."Monfils' Tournament Schedule for Final SeasonThe former world number six, who has enjoyed some of his best results on clay, acknowledged that the surface has become more challenging in recent years.While he hopes to secure a wildcard for the US Open, he also plans to play Wimbledon and Montreal."Hopefully Wimbledon. Then need to decide if we go to Washington or not," he said."I think we will ask Montreal, hopefully. I want to say goodbye to Montreal. Obviously I will ask the French Federation to have the US Open wildcard. Hopefully I will have this one."Asia is a bit blurry, to be honest. Then the end of the year, I can tell you I will play Lyon, the new tournament. Nicolas (his agent) wants me to play Vienna, and then hopefully, Paris."The Changing Landscape of Professional TennisThe 13-time ATP title winner reached the French Open semifinals in 2008 and was a key part of France's Davis Cup runs in 2010 and 2014.Monfils' decision to extend his career into his 40s reflects a broader trend in professional sports where athletes are maintaining peak performance levels for longer periods, thanks to advances in sports science, training methodologies, and recovery techniques.The Legacy of Gael Monfils in French TennisAs Monfils approaches the twilight of his career, his impact on French tennis remains significant. His longevity and dedication to the sport have inspired a generation of French players, and his farewell tour is expected to draw significant crowds and media attention across the tournaments he has chosen to play in his final season.
#Gael Monfils #French Open #Cristiano Ronaldo
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Sports May 25, 2026

Phil Neville Steps Down as Portland Timbers Coach After Results Fall Short

Phil Neville has mutually parted ways with Portland Timbers after admitting the team's results did …
The Coaching DeparturePhil Neville is no longer in charge of the Portland Timbers after they announced they had "mutually parted ways" with their head coach. Neville's final match in charge of the Timbers was a 3-1 defeat to the San Jose Earthquakes that left the team 13th in the MLS Western Conference, well short of a playoff place.The Performance TimelineThe club made the playoffs in Neville's first two seasons in charge – in 2024 and 2025 – losing in the opening round and the first round respectively. On Monday, Neville admitted he had not taken the team as far as he would have liked.The Leadership Perspective"In my nearly two decades of owning and operating the Portland Timbers, there are very few people I have enjoyed working with more than Phil Neville," said Timbers owner Merritt Paulson. "Phil has outstanding leadership qualities and a boundless sense of positivity even in the face of adversity."Neville's Farewell Statement"I'd like to thank Merritt Paulson, Ned Grabavoy, and the entire Portland family for their unwavering support in giving me the job and standing behind me," Neville said after his departure was announced. "To my staff, thank you for your incredible loyalty and hard work. And to the most incredible bunch of players: thank you for the effort, the good times, the good results, the bad results, and all the laughs we shared together."Coaching Career ContextPortland was Neville's second head coaching job in MLS. He was in charge of Inter Miami from 2021 to 2023, leaving shortly before the arrival of Lionel Messi helped change the club into title contenders. He was also in charge of the England women's team, leading them to the semi-finals of the 2019 World Cup.
#Phil Neville #Portland Timbers #MLS
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Sports May 25, 2026

Régis Le Bris: The Quiet Architect of Sunderland's European Resurgence

Régis Le Bris has transformed Sunderland from a Championship club to Europa League qualification th…
The LeadOne of Régis Le Bris's first acts as Sunderland's head coach was to preside over a pre-season training camp near Alicante. It was July 2024 and, according to those present, the Breton sometimes cut a slightly isolated figure. "I arrived alone, without any collaborators," Le Bris has said, reflecting on his leap of faith that involved exchanging the familiarity of Lorient for a job that, initially, meant working with Sunderland's existing backroom team rather than bringing hand-picked assistants.The Strategic Transformation at WearsideThe coach who ended last season with a Championship playoff final victory and, a year to the day later, led Sunderland into the Europa League was playing a longer game. "Step by step I started to express my ideas and my concepts," Le Bris said. Slowly but surely he also began to establish a power base on Wearside.Le Bris went unrecognised when, shortly before taking charge at the Stadium of Light, he slipped into the back of a lecture room where Sunderland's club historian, Rob Mason, was recounting the team's sometimes illustrious past. But within six months Le Bris would be serving as a magnet, his unshowy pulling power attracting some of football's brightest emerging talents.Everything changed in January 2025. Sunderland's young, inexperienced side were pushing for automatic promotion and, unusually, the owner, Kyril Louis-Dreyfus, allowed Le Bris rather than the then sporting director, Kristjaan Speakman, to take the lead on pursuing a statement signing.The Recruitment Revolution and Financial InvestmentLe Bris had first coached Enzo Le Fée as a 12-year-old in Lorient's academy and knew the playmaker's recent transfer, to Roma, was not working out. With Le Fée receptive to a loan, Louis-Dreyfus and Speakman began talking to Florent Ghisolfi, then Roma's sporting director.Ghisolfi was gaining a reputation as a shrewd, well-connected recruitment specialist, with his work at Lens and Nice seen as highly impressive. What went under the radar was that Ghisolfi had worked with Le Bris at Lorient and had tried to lure him to Nice.Louis-Dreyfus and Ghisolfi bonded and the idea of the latter relocating to Wearside as football director no longer seemed ridiculous. Sure enough he arrived last July, partnering with Speakman to sign 15 players. Including Le Fée, whose assists would help to clinch promotion.The presence of Le Fée and Ghisolfi ensured that when Louis-Dreyfus called Granit Xhaka out of the blue at 11pm last summer as the Switzerland captain was preparing for bed, the midfielder did not immediately cut the call.If it helped that Louis-Dreyfus is Swiss-French and knew Xhaka slightly through mutual acquaintances in Basel, Xhaka needed a little more convincing. Not that it took long for him to decide that swapping Bayer Leverkusen for a club managed by a coach who reminded him of his old Arsenal boss, Arsène Wenger, and serious enough to have acquired Le Fée and Ghisolfi, was an exchange worth making.Sunderland's long-serving club captain Luke O'Nien – who joined back in the League One days and now helps Xhaka run the dressing room, takes up the story. "I always say Enzo was the catalyst for all this," the defender says. "He was the first top player to trust us as a club and he's made a big contribution to where we are today. Enzo works so hard, he's unbelievably humble and, as good a player as he is, he's an even better person."The same could be said of Xhaka. In a recent interview with the Guardian Le Fée said: "Granit's arrival changed everything." Significantly, Xhaka played a key role in persuading one of Sunderland's stars of this season, the former Paris Saint-Germain defender Nordi Mukiele, to join. The pair had played together at Leverkusen and Mukiele says: "When Granit speaks you have to hear with both ears."With last summer's Ghisolfi-inspired £155m investment in, among others, Robin Roefs, Noah Sadiki, Habib Diarra, Omar Alderete, Reinildo, Chemsdine Talbi and Brian Brobbey paying rich dividends, Sunderland reached Le Bris's pre-season target of 40 points with a win at Leeds in early March and finished seventh.The Power Restructuring and Club CultureIn February Speakman departed, amicably if not exactly willingly, as it became clear Ghisolfi's arrival had made a large part of his role redundant. Other high-profile executive exits followed, prompting erroneous suggestions Le Bris could be next. In reality the coach who arrived "without collaborators" had built an on- and off-field support network the envy of many Premier League peers.Now, a cerebral manager whose natural courtesy and gentle humour are said to conceal a capacity to be "utterly ruthless" when necessary, faces twin tasks. He must nurture his power base and a tightly-bonded dressing room amid the demands of playing European football on Thursday nights.Xhaka, though, harbours few fears. "As Sunderland's captain I can promise you that this is the just the beginning," he says. "We want more."Le Bris, sensibly, talks of the need to "stay humble" and remember the essential "fragility" of footballing success, but he is also justifiably proud. "This club is a special place in English football and our journey is really special because we feel the connection, the alignment with our fans," he says. "It's a really nice feeling."The European Challenge and Future ProspectsThe impeccably polite, quietly unassuming Frenchman who spent his first two weeks in charge of Sunderland unnoticed by fellow guests at a County Durham hotel, no longer walks alone on Wearside. Having transformed the club's fortunes from Championship contenders to Europa League participants, Le Bris now faces the challenge of maintaining momentum while navigating the complexities of European competition.The question for Sunderland and their supporters is whether this remarkable ascent represents a temporary resurgence or the dawn of a new era for the Wearside club. With Le Bris's methodical approach, the backing of owner Kyril Louis-Dreyfus, and a squad increasingly filled with quality internationals, the foundations appear to be in place for sustained success at the highest level of English and European football.
#Régis Le Bris #Sunderland #Europa League
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Education May 25, 2026

Education System Failing to Prepare Youth for Job Market

The Guardian examines how the current education system is failing to prepare young people for the j…
The Lead The current education system is increasingly criticized for failing to adequately prepare young people for the job market, with rising youth unemployment and a disconnect between school experiences and workplace requirements. The Educational Disconnect Readers of The Guardian have shared their experiences of a "joyless education system that focused too heavily on passing exams," noting the negative attitudes many young people develop toward schooling. The traditional lecture-based teaching methods in many schools fail to engage students meaningfully, leaving them unprepared for the workforce. Former government workers on youth programs report that teacher training needs to shift toward more interactive approaches that better suit the needs of today's students. The Employment Crisis Youth unemployment remains a significant issue even in affluent areas, with young people often struggling to find employment after leaving education. The job market has changed dramatically over recent decades, with fewer entry-level positions available and reduced support from employment services. Many job centers now focus primarily on benefits rather than connecting young people with actual job opportunities, leaving graduates without clear pathways to employment. The Impact on Society The failure to connect education with employment has far-reaching consequences for both individuals and society. Young people face extended periods of unemployment, leading to financial instability, mental health challenges, and a loss of confidence. The economy suffers from a generation of workers entering the job market without the necessary skills or experience, creating a productivity gap that affects national economic performance. The Path Forward Addressing this crisis requires systemic changes in both education and employment support. Schools need to adopt more interactive, practical teaching methods that develop real-world skills alongside academic knowledge. Teacher training programs must evolve to prepare educators for modern classroom environments. Additionally, employment services need to refocus on connecting young people with meaningful job opportunities while providing the necessary support and guidance for successful career transitions.
#youth unemployment #education system #job market
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