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The Proposed Suspension of Carbon Tax Ministers are in discussions about suspending a carbon tax on fertilisers, due to come into effect early next year, in an effort to curb food inflation. The move would be part of a package of measures, including the suspension of import tariffs on a range of foods including bread, biscuits and bananas. Impact on Farmers and Food Inflation Government sources said they were looking at suspending tariffs on a range of fertilisers in order to discourage farmers from leaving fields fallow. Farmers have been considering leaving their fields fallow because rising costs mean they risk selling their 2027 crop at a loss. This would increase food inflation, which is already expected to rise sharply as the conflict in Iran raises fuel and fertiliser prices. Fertiliser Costs and Global Supply Chain Fertiliser costs have soared since the beginning of the Iran conflict, during which the strait of Hormuz has been closed. About 35% of the world’s fertiliser passes through the waterway and, since the conflict broke out in late January, about 1m tonnes of fertiliser have been stranded in the Gulf. Fertiliser producers said they expected the new tariffs, which were being put in place to match an existing EU scheme, could add £100 per tonne to costs. The Future Outlook Ministers are also cutting fuel taxes for farmers. The rate for red diesel and rebated biodiesel has been cut by more than a third, which the Treasury said made it the lowest in more than two decades. According to analysis from the Central Association for Agricultural Valuers, a 500-acre wheat farm could make a loss of £70,000 in 2027 because of higher costs caused by the Iran war. With farmers making decisions about 2027 cropping now, the economic outlook means they could be making difficult decisions such as leaving fields fallow.

Lead: Brazil’s 2026 World Cup outlook Brazil enter the 2026 FIFA World Cup as the most decorated nation with five titles, yet they have not lifted the trophy in 24 years. Under new manager Carlo Ancelotti, the squad blends seasoned stars such as Neymar and emerging talents like Vinicius Jr as they aim to defy low expectations. Ancelotti’s foreign‑manager milestone and tactical shift After dismissing Dorival Jr, Brazil appointed Carlo Ancelotti – the nation’s first permanent foreign coach. The Italian brings five Champions League crowns and experience across Europe’s top five leagues, promising a pragmatic yet attacking approach. Ancelotti has already repositioned Vinicius Jr as a central striker and reinstated Neymar despite recent injury concerns. Key statistics and squad composition World Cup appearances: 22 (every tournament since 1930) Best performance: Winners (1958, 1962, 1970, 1994, 2002) FIFA ranking: 6 Top scorer: Ronaldo – 15 goals Most caps: Cafu – 20 matches Player to watch: Vinicius Jr Squad highlights: Goalkeepers: Alisson, Ederson, Weverton Defenders: Marquinhos, Alex Sandro, Danilo, Gabriel Magalhães Midfielders: Bruno Guimarães, Casemiro, Fabinho Forwards: Vinicius Jr, Neymar, Raphinha, Endrick Why Brazil’s underdog narrative could reshape the tournament Despite a star‑laden roster, Brazil are among the least fancied Brazilian sides ever, a status that may relieve pressure and allow creative freedom. The blend of experienced leaders and youthful vigor, combined with Ancelotti’s proven ability to manage egos, could make Brazil a surprise contender against groups that include Morocco, Scotland and debutants Haiti. Outlook and Al Jazeera’s projection Al Jazeera predicts Brazil will reach the quarter‑finals. Their success will hinge on the fitness of Neymar, the form of Vinicius Jr, and the defensive stability provided by Marquinhos and Alisson. If the squad clicks, a deep run is plausible; otherwise, early knockout looms. Group C schedule June 13 – Brazil vs Morocco (East Rutherford, New Jersey) – 18:00 local / 22:00 GMT June 19 – Brazil vs Haiti (Philadelphia) – 21:30 local / 01:30 GMT (June 20) June 24 – Scotland vs Brazil (Miami) – 18:00 local / 22:00 GMT

Ring 5 Redefines the Smart Ring Form FactorOura introduced the Ring 5, a 40% smaller iteration of its flagship device, measuring just 2.28 mm in thickness. The ring packs the health‑tracking capabilities of a smartwatch—sleep, stress, readiness and heart health—into a jewellery‑like profile while extending battery life. It will ship on 4 June with a retail price of £399 (€399/$399) and a mandatory $5.99 monthly subscription.40% reduction in size versus Ring 4Battery life increased (exact hours not disclosed)Subscription‑based model adds recurring revenueFinancial Outlook: $1 bn Revenue Target and $11 bn ValuationOura reports roughly 5 million paying subscribers and a four‑fold revenue growth over the past two years, projecting $1 bn in revenue for 2025. The company is currently valued at about $11 bn ahead of an IPO slated for later this year.Market Implications: Accelerating Smart‑Ring Adoption and Competitive LandscapeAnalyst firm FDM CCS Insight estimates 4 million smart rings shipped in 2025, a figure that has more than doubled each year for the past two. While still dwarfed by the 175 million smartwatches shipped in the same period, rings are gaining traction among both traditional smartwatch users and those who prefer a less conspicuous device. Oura’s focus on sleep‑first tracking and a “female‑first” design philosophy differentiates it from larger players such as Apple.What’s Next: IPO Timing and Expansion of Proactive Health ServicesWith a global footprint that now includes offices in Helsinki, London, Los Angeles, San Diego and dual headquarters in San Francisco and Oulu, Oura is positioning the Ring 5 as a gateway to broader health‑care services. Upcoming software features—such as a health radar for early detection of blood‑pressure spikes and GLP‑1 weight‑loss monitoring—signal a shift toward proactive health management. Investors will be watching the IPO filing later in 2026 for clues on how the company plans to monetize these new services and sustain its growth trajectory.

The LeadThe West Bank is grappling with a critical youth unemployment crisis that threatens economic stability and social cohesion in the region. With limited job opportunities and political uncertainties, young Palestinians face an increasingly challenging future.The Economic LandscapeYouth unemployment in the West Bank has reached alarming levels, with estimates suggesting that nearly 40% of young people aged 15-29 are without formal employment. This crisis is exacerbated by restricted movement, limited access to international markets, and an economy heavily dependent on foreign aid.The Social ImpactThe prolonged unemployment crisis has profound social consequences, including increased poverty rates, brain drain as educated youth seek opportunities abroad, and heightened social tensions. Young people report feelings of hopelessness and frustration about their future prospects.Policy ResponsesVarious international organizations and local authorities have attempted to address the crisis through vocational training programs, small business initiatives, and foreign investment projects. However, these efforts have been hampered by political instability and resource constraints.Future OutlookWithout significant intervention and political progress, the youth unemployment crisis in the West Bank is expected to worsen, potentially leading to increased social unrest and further economic decline. Addressing this challenge requires coordinated efforts to improve the business environment, create sustainable jobs, and resolve underlying political issues.

Universal €1 Meal Initiative Expands Across French UniversitiesIn response to a survey showing that nearly half of France’s 3 million higher‑education students skip meals, the government announced this month that the previously means‑tested €1 meal will be available to every student.Government Extends €1 Meal to All Higher‑Education StudentsThe policy, previously limited to scholarship recipients, now covers all students at the 950 CNOUS‑run restaurants and cafeterias, including university sites such as Université Paris Dauphine and the Sorbonne’s Mabillon campus.Meal price: €1 for a three‑course balanced plate (starter, main, dessert).Optional extras: €0.55 per additional dish, coffee €0.60.Capacity: up to 2,400 students per sitting at Dauphine.Cost Implications: €120 million Funding and Pricing StructureThe state has earmarked €120 million for the programme in the next fiscal year, covering subsidies for the €1 price point while the regular tariff remains €3.30.Social and Health Impact on French Student PopulationOfficials argue the measure tackles food insecurity, public‑health concerns such as obesity, and promotes social cohesion by having all students share the same balanced meals.Student unions reported a rise in meal‑skipping from 45 % to 50 % before the policy.Positive feedback from students like Farid Rouba (chef) and Jérémy Reyes highlights satisfaction with quality and variety.Future Outlook: Sustainability and Potential AdjustmentsWhile the programme enjoys broad support, some students question the allocation of funds, suggesting resources could be redirected to cheaper accommodation. CNOUS plans to hire 200 extra staff and upgrade equipment to meet rising demand, but long‑term viability will depend on budgetary pressures and continued political backing.

The Escalation of Violence in Southern Lebanon At least 16 people have been killed and 58 wounded in Israeli attacks in southern Lebanon, according to Lebanese health authorities, as Israel intensifies its assault and issues mass displacement orders across the region. Details of the Attacks Lebanon’s state-run National News Agency reported on Thursday that six of the victims belonged to the same family. They were killed in an Israeli drone strike while trying to flee at dawn along the Adloun Highway, a key route linking Sidon and Tyre, it said. 6 victims belonged to the same family Killed in an Israeli drone strike Incident occurred along the Adloun Highway The Humanitarian Crisis The attack came as Israel expanded its bombardment across southern Lebanon, hitting residential areas, roads and civilian infrastructure. The Lebanese army said one of its soldiers was killed in an Israeli strike in the Nabatieh area, the latest in a string of attacks targeting military personnel. Displacement Orders Israel has also issued sweeping displacement orders covering large parts of the south, including Tyre and surrounding areas. Residents were told to evacuate immediately and move north of the Zahrani River, roughly 40km (25 miles) from the Lebanon-Israel border. The Impact on Civilians The International Committee of the Red Cross has warned that Israel’s large-scale forced displacements and continued strikes on urban centres are placing civilians at severe risk and deepening a humanitarian crisis. The Future Outlook The escalation came as United States-mediated talks between Israel and Lebanon are due to resume on Thursday, beginning with technical discussions before moving to broader negotiations in early June. However, Israel has significantly intensified its military operations in the past two days, casting doubt over the prospects for diplomacy.

The Looming Crisis in Uruguay’s World Cup CampMarcelo Bielsa, the 70‑year‑old Argentine dubbed “El Loco”, sees his tenure with Uruguay under fire just weeks before the 2026 World Cup. Rumours of a dressing‑room mutiny and a string of disappointing results have put the nation’s chances in jeopardy.Unrest Over Bielsa’s High‑Intensity PhilosophyBielsa’s reputation as a tactical pioneer is unquestioned, yet his relentless, attacking approach has alienated key players. Luis Suárez publicly criticised Bielsa after a halftime incident that left striker Darwin Núñez in tears, and the coach admitted his “authority was affected”.Initial excitement after landmark qualifying wins over Brazil and Argentina.Only three victories in the final twelve qualifiers.Third‑place finish at Copa America 2024, but with growing player fatigue.Performance Numbers Highlight DeclineRecent results underscore the on‑field impact of the unrest:5‑1 friendly loss to the USA in November – Bielsa called it “ashamed”.Three wins out of twelve qualifying matches.Third place at Copa America 2024, eliminating Brazil but failing to win the tournament.Potential Fallout for Uruguay’s 2026 CampaignThe combination of tactical rigidity and squad dissent could affect Uruguay’s group‑stage fixtures against Saudi Arabia, Cape Verde and Spain in Group F. If morale does not improve, the team risks an early exit, undermining a nation accustomed to punching above its weight.What Lies Ahead After the Tournament?Bielsa has hinted his contract ends with the World Cup, stating “Our job ends with the World Cup.” While he may depart in July, the longer‑term implications for Uruguay’s coaching philosophy remain uncertain, with the federation likely to reassess the balance between innovative tactics and player management for future cycles.

The Lead: Milburn's Stark Warning on UK Youth EmploymentA landmark review led by former Labour cabinet minister Alan Milburn has issued a stark warning regarding the future of the British workforce. The report projects that the number of young people not in work or education could surge to 1.25 million by the early 2030s without immediate intervention. This projection signals a potential deepening of the economic inactivity crisis that has been plaguing the UK for several years.The Event Details: The 'Generational Fault Line' ReportMilburn, leading the review into why so many young people are economically inactive, argues that the UK risks opening up a 'generational fault line' between young and old. He contends that systemic failures are preventing young people from entering the workforce, citing disconnects in schools, the NHS, the welfare system, and the jobs market. The review serves as a call to action for policymakers to address the root causes of youth economic stagnation.The Data Analysis: Projecting the 1.25 Million NEET CrisisProjected Figure: The report warns that the number of NEETs (Not in Education, Employment, or Training) could reach 1.25 million by the early 2030s.Current Context: This figure represents a significant demographic shift, indicating a potential loss of human capital and future economic productivity.Key Driver: The analysis points to a widening gap between the skills young people acquire and the demands of the modern labor market.The Impact Analysis: Economic Inactivity and Social CohesionThe rise in youth inactivity poses a severe threat to social cohesion and economic stability. A large inactive youth population places a heavier burden on the working-age population and the state, potentially leading to reduced economic dynamism and increased social stratification. The report suggests that without addressing the barriers to entry for young people, the UK could face long-term stagnation in its growth potential.The Prediction: Urgent Overhaul of UK Support SystemsTo avert this crisis, the report calls for a comprehensive overhaul of the support systems designed for young people. Future policy must focus on aligning educational outcomes with labor market demands and ensuring that health and welfare systems are accessible and relevant to the youth demographic. The Guardian is now seeking input from young people to better understand their personal experiences and challenges in the job market.

A Surrealist Masterpiece Emerges from the Depths of Psychiatric ConfinementA recently discovered painting by the surrealist artist Leonora Carrington, made during her confinement in a Spanish psychiatric hospital during the second world war, will go on public display for the first time in London this summer. Known as Villa Pilar, the work was painted in 1940 while Carrington was a patient at sanatorium Morales in Santander, after fleeing Nazi-occupied France following the arrest of her partner, the German artist Max Ernst.The Unveiling of a Hidden Masterpiece from a Turbulent PeriodCarrington suffered a psychological breakdown in Madrid and was admitted to the institution, where she underwent traumatic psychiatric treatments that she later described in her memoir Down Below. But encouraged by her psychiatrist, Dr Luis Morales, Carrington sketched each day, and created two paintings, Down Below and Villa Pilar, which depict the psychiatric hospital as a symbolic underworld. Carrington described her "down below" period as an experience akin to "being dead."A Life Marked by Rebellion and Artistic InnovationBorn into a wealthy Lancashire family in 1917, Carrington rebelled early against the expectations placed on upper-class women. She studied at the Chelsea School of Art before meeting Ernst at a dinner party in London in 1937, when she was 20 and he was 46. The two began a relationship that scandalised their respective social circles and moved together to Saint-Martin-d'Ardèche in the south of France, where they lived and worked until the German invasion.She found kindred artistic spirits in renowned surrealists like André Breton, Salvador Dalí, and Man Ray, who, like her, were fascinated by dreams, the subconscious and the occult. When she eventually settled in Mexico in the 1940s, she became one of the country's most celebrated artists and part of an influential community of women creatives working outside the male-dominated European surrealist movement – alongside figures including the Spanish painter Remedios Varo and the photographer Kati Horna.Carrington was later embraced as a feminist icon, and she always resisted attempts to reduce her to her gender, once remarking: "I didn't have time to be anyone's muse ... I was too busy rebelling against my family and learning to be an artist." She died in Mexico City in 2011, aged 94.The Rediscovery and Symbolic Meaning of Villa PilarCarrington gave Villa Pilar to Dr Morales when she left the sanatorium, and it remained in his family for decades. It was only rediscovered during research for the exhibition by the Faro Santander team, who persuaded the Morales family to loan it publicly for the first time.Vanessa Boni, curator of the exhibition, said Carrington created the work as "a parting gift" to thank Morales for helping her recovery, despite the "brutal" treatments she endured, including cardiazol injections. "As we know from her memoir, it was really traumatic," she said. "Dr Morales kept the painting his entire life, and when he passed away, it was handed down to his daughter."The work depicts the hospital as being populated by hybrid human-animal figures moving through vivid green gardens – imagery that would become central to Carrington's later practice. "It speaks to ideas of inner transformation, metamorphosis and otherness," Boni said. "Both paintings are set in a verdant green landscape, including a green sky, which was a symbolic colour for her."A Transatlantic Exhibition JourneyVilla Pilar will join the exhibition Leonora Carrington – the Symptomatic Surreal at the Freud museum, where Sigmund Freud spent the final year of his life after escaping Nazi-occupied Vienna. To mark the unveiling, the exhibition has been extended until 10 August before travelling to Faro Santander, a new arts centre in the northern Spanish city, in September.Daniel Vega Pérez de Arlucea, director of Faro Santander, said: "This is not simply a matter of showcasing the work of one of the most important surrealist artists, but of recognising and revisiting a chapter of her life deeply rooted in this city."After leaving Santander, Carrington travelled through Lisbon and New York before settling in Mexico, where she became one of the leading figures of surrealism. In 2024, one of her paintings was auctioned for £22.5m, a record for a UK-born female artist.While in New York, Carrington gave her Santander sketchbooks to the surrealist collector Julien Levy, whose collection was sold at auction and dispersed into private collections in 2004. This exhibition marks the first attempts since then to bring the contents together for a major public display.