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Everton Football Club is set to offer David Moyes a new contract this summer, recognizing his achievements in turning the team around from relegation threats to potential European qualification contenders. Moyes, who took over in January of last year, has led the team to eighth place in the Premier League, just three points shy of the Champions League qualification spots. Initially viewed as a short-term solution by Everton's owners, the Friedkin Group, Moyes has proven his worth, prompting the club to consider extending his two-and-a-half-year deal. The Friedkin Group, who completed their £400m takeover of Everton the previous month, are now convinced that Moyes is the right manager to lead the club forward. Moyes' potential new contract could also come with increased influence over player recruitment, similar to his first stint at Everton from 2002 to 2013. The 62-year-old manager has downplayed discussions about a new deal, stating, 'I'm not too worried about that, I'm fine.' Everton's improvement under Moyes is notable, especially considering his preference for working with more experienced players, such as Jack Grealish and Kiernan Dewsbury-Hall, who joined last summer. This strategy contrasts with younger players like Tyler Dibling, who has made limited appearances. A potential complication for Everton's European aspirations is the ownership situation, as the Friedkin Group also owns AS Roma, currently sixth in Serie A. UEFA regulations prevent clubs under the same ownership from competing in the same European competition. However, the Friedkin Group is confident in their compliance and has an alternative solution in place to ensure both clubs can participate if they qualify for the same competition.

The US Environmental Protection Agency (EPA) has announced a temporary waiver allowing the sale of a higher-ethanol fuel blend, known as E15, in an effort to alleviate soaring gas prices that have been exacerbated by the ongoing Iran war.E15, which contains a higher percentage of ethanol than standard gasoline, has been prohibited during warm weather months due to concerns over its potential to worsen smog. However, the EPA's decision, supported by the US agriculture secretary, Brooke Rollins, aims to provide relief to consumers at the pump.“President Trump is unleashing American Energy Dominance, and today’s action will directly lower prices at the pump and gives a clear demand signal to our domestic biofuels producers,” Rollins stated.The summer waiver for E15 has become a recurring measure in recent years, with both Republicans and Democrats advocating for its permanent implementation to reduce fuel costs. Currently, E15 is already permitted in several states, including Iowa, Illinois, Minnesota, Nebraska, Missouri, Wisconsin, and most of South Dakota.However, not all experts are convinced that the move will significantly lower gas prices. Kenneth Gillingham, a professor at the Yale School of the Environment, pointed out that E15 is not widely available in all states, and some areas lack the necessary infrastructure or sufficient ethanol supply to support increased use.Gillingham also highlighted potential risks associated with E15, particularly for older vehicles, boats, and all-terrain vehicles, due to its higher corrosive ethanol content. Additionally, increased corn usage for ethanol production could lead to higher costs for animal feed and, subsequently, grocery prices.“I think it’s difficult to see when the ledger’s settled how this is a benefit for US consumers,” said Jason Hill, a professor at the University of Minnesota.The decision has also drawn criticism over its potential environmental impacts, with concerns about increased ozone issues, respiratory problems, and even premature deaths.While the oil industry has generally opposed the expansion of E15, citing costly biofuel blending and potential price increases, the American Petroleum Institute has expressed support for the temporary waiver, emphasizing its role in ensuring affordable and reliable energy for American consumers.

Prem Rugby is set to introduce a significant change to its financial structure by implementing a minimum salary floor of £5.4m for each club next season. This move is part of a broader strategy to enhance competitiveness within the league. The decision was made by the Rugby Football Union Council last month, which also included the decision to ringfence the existing 10-team Prem until the 2029-30 season.The introduction of the salary floor is a key component of Prem Rugby's growth plan, which includes expansion windows every four years. This means that up to two new clubs could join the league, provided they meet the required minimum financial and sporting standards. The first tender process for new clubs is slated for 2027, with potential new members possibly joining Champ Rugby the following season and moving up to Prem Rugby in 2028-29 if they reach the playoffs.Prem Rugby's chief executive, Simon Massie-Taylor, emphasized that the league's vision is to become the best league in the world. However, this does not mean exceeding the financial capabilities of other leagues and creating wage inflation. The new salary floor is £1m lower than the current cap, which will remain unchanged for next season. Massie-Taylor highlighted that any future increases to the salary cap will be based on a formula as part of financial control measures.As part of its growth strategy, Prem Rugby also aims to host several 'Big Games' to appeal to a wider fanbase. The ambition is to have 10 Big Games by 2030, including the final and potential neutral playoffs. One example of this initiative is England's game against Fiji at the Hill Dickinson Stadium in Liverpool this summer, which could set a precedent for future events.

Retailer Next has reported a £1.16bn pre-tax profit for the full year, with the Middle East conflict expected to add only £15m to fuel and air freight costs. This amount, which assumes a three-month disruption, is considered minimal and can be offset by savings elsewhere.Chief Executive Simon Wolfson added £8m to this year's profit forecast as a mechanical read-through from last year's outcome, indicating that trading had been “encouraging” in the UK and “strong” overseas until late February.The main concern for Next is the potential long-term impact of the conflict on supply chain resilience, freight rates, factory gate prices, and consumer demand. Wolfson emphasized that the company has no insight into the duration and implications of the conflict, stating, “As yet, we have no feel for the medium-term effects”.If higher costs persist, Next may put up prices, but this remains “a contingency, not a plan”. The company will provide a clearer view in its first-quarter update in May.Wolfson also offered nuanced insights, suggesting that consumer confidence may not have collapsed as much as some, like the British Retail Consortium, have claimed. He noted that UK consumers tend to react to actual higher prices, not the threat of them.Additionally, Next's spring-summer ranges are already in stores, online, and warehouses, minimizing the immediate need for adjustments. Any increases in fabric costs or production disruptions in Asian factories would mostly affect autumn-winter ranges.The stock market responded positively, with Next's shares rising 5% to £125.40. This resilience could indicate potential for a profit upgrade in May if the £15m in extra costs turns out to be the worst of it.However, no retailer will be immune if the energy price shock persists and the OECD's prediction of UK economic growth of just 0.7% this year materializes.

Dash Crofts, the renowned musician from the soft rock duo Seals and Crofts, has died at the age of 85. His passing was announced by the duo's producer, Louie Shelton, on social media. Crofts succumbed to complications following heart surgery, as confirmed by a family member. Crofts and his musical partner, Jim Seals, crafted some of the most iconic hits of the 1970s, including 'Summer Breeze' and 'Diamond Girl'. Their 1972 album 'Summer Breeze' reached the top 10 in the US and featured the hit single 'Hummingbird'. The duo's gentle musical style, characterized by breezy soft rock, became a staple of the decade. The duo faced controversy with their 1974 album 'Unborn Child', which reflected their Bahá’í faith. The title track sparked a backlash and was banned by some radio stations following the landmark Roe v Wade ruling. Despite this, their music continued to resonate with audiences, and they remain celebrated for their contributions to the soft rock genre. After the duo disbanded in 1980, Crofts pursued a quieter life in Nashville, focusing on country music. Yacht rock, the genre they helped define, has seen a recent resurgence in popularity, with a 2024 HBO documentary highlighting its importance. Crofts' legacy continues to inspire new generations of music lovers.

UK clothing and homeware retailer Next has issued a warning that the ongoing conflict in the Middle East could lead to increased costs and potential price hikes. The company expects the conflict to add £15m to its costs over the next three months.Next stated that it is currently offsetting additional costs on fuel and air freight with savings elsewhere, and it does not expect any impact on profits for the year ahead. However, if the conflict persists beyond three months, prices will have to go up.The company has upped its profit guidance by £8m to £1.2bn for the year to January 2027, following better-than-expected sales in January. Next also noted that sales in the Middle East, which account for 6% of group turnover, could be adversely affected until the summer.Next's pre-tax profits rose 14.5% to £1.16bn in the year to January, with sales increasing by almost 11% to £7bn. The company is focused on cutting costs, including the increased use of AI in warehouse operations to improve efficiency.The retailer has increased its stock holdings by 6% to protect against potential supply chain delays. Next also noted that the conflict's impact on supply chain resilience, freight rates, factory gate prices, and consumer demand is uncertain and will depend on the conflict's duration and its impact on the world's energy infrastructure.

Europe is bracing for a potential energy crisis, with fuel rationing possible as early as April if the Strait of Hormuz, a critical passage for oil and gas supplies, remains closed. Shell's CEO, Wael Sawan, issued this stark warning at a major oil industry conference in Texas, highlighting the escalating risks to global energy supplies.The crisis, now in its fourth week, has already led to energy rationing in Asian countries and significant price hikes for jet fuel, which has doubled in price since the start of the conflict. Sawan predicts that diesel and petrol will come under pressure next, particularly as the summer driving season begins in the US and Europe.Oil prices have fluctuated, dipping back to about $100 a barrel on Wednesday after reaching highs of around $114 earlier in the week. These developments have raised concerns about the potential for a prolonged global economic recession if oil prices continue to rise, with some predictions suggesting they could hit $150 a barrel.Larry Fink, CEO of BlackRock, the world's largest asset manager, warned of profound implications for the world economy if the conflict continues to drive up oil prices. He outlined two possible scenarios: one where the conflict resolves quickly, allowing oil prices to return to pre-crisis levels of about $70 a barrel, and another where prices remain high for years, potentially leading to a stark and steep recession.Germany's economy minister, Katherina Reiche, also spoke at the conference, cautioning that energy supply scarcity could occur in late April or May if the conflict continues. She criticized Germany's decision to phase out nuclear energy and emphasized the need for greater imports of gas via super-chilled tankers from overseas.

Mohamed Salah's future has become the subject of intense speculation after his agent, Ramy Abbas Issa, confirmed that the Liverpool star will leave Anfield at the end of the season. While there will be attention on whether Salah can end his nine-year spell with a trophy, the focus is shifting to his next destination.Salah's former teammates Sadio Mané and Roberto Firmino have already made the move to Saudi Arabia, and it is a path that Salah may well take. The Saudi media is hopeful that the country is in pole position to sign the Egyptian star, with several top clubs expressing interest.Al-Ittihad, Al-Hilal, Al-Nassr, and Al-Ahli are all reportedly interested in signing Salah, with each club offering different advantages and challenges. Al-Ittihad have had offers turned down before and would likely be a frontrunner, while Al-Hilal, the most successful club in Saudi Arabia and Asia, could make a strong claim to being the biggest.The signing of Salah would not only boost the Saudi Pro League's profile but also provide a significant marketing coup. As one of the biggest names in Middle Eastern sport, Salah's presence would help to maintain global interest in the league, which has been investing heavily in star players since 2023.There are also religious and personal factors that could influence Salah's decision, with several players citing their Muslim faith and desire to live in a Muslim country as reasons for joining Saudi clubs.Ultimately, if Salah does join a club in Saudi Arabia this summer, he will become the face of the league for years to come, and his decision will have significant implications for the future of the Saudi Pro League and European football.

Double world darts champion Luke Littler recently visited the England squad at their St George's Park training base, where he hosted a special darts tournament for the players as they prepare for upcoming pre-World Cup friendlies against Uruguay and Japan.The 19-year-old darts star shared dinner with the footballers before organizing the "Three Lions darts championship" at their Burton base on Tuesday night. In a surprising turn of events, Newcastle goalkeeper Aaron Ramsdale claimed the title of camp champion, leaving Littler thoroughly impressed despite Phil Foden hitting a notable 180 in the final."It was a dream as a football fan to come here to see the facilities, meet all the players and sit down and have dinner and have a laugh with them," said Littler, who is set to travel to Berlin for the latest round of Premier League darts action. "We played a bit of darts – as they were warming up, Thomas Tuchel told me to teach these boys a lesson! There's some good potential there in Phil Foden and Aaron Ramsdale. James Trafford had a little bit as well. The others not so much!"During his visit, Littler was presented with a signed shirt from the England squad, with Jude Bellingham adding a personal touch by giving him a signed jersey featuring the encouraging message "keep smashing it" on the back. The darts champion wished the England squad luck for their upcoming international campaign, expressing hope that they could "bring it home" this summer.