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Business May 15, 2026

Tesco CEO Ken Murphy’s Pay Jumps to £10.8m as Market Share Hits Decade High

Tesco’s chief executive, Ken Murphy, earned £10.8 million in 2025‑26, a rise of more than £1 millio…
Tesco’s chief executive, Ken Murphy, saw his total remuneration climb to £10.8 million for the 2025‑26 financial year, up by roughly £1 million from the previous period. The boost reflects the supermarket’s strongest market‑share performance in a decade and a shift in the company’s long‑term bonus criteria. Ken Murphy’s Compensation Package Surpasses £10m Amid Record Market Share The annual report details a pay structure that combines a higher basic salary, a sizable annual bonus and a long‑term incentive tied to shares. Basic pay: £1.54 million (3% increase) Annual bonus: £3.4 million Long‑term bonus: £5.7 million (includes company shares) Financial Breakdown: £10.8m Pay, Bonus Structure and Shareholder Returns The composition of Murphy’s pay highlights where Tesco is rewarding performance: Full payout of cash‑flow and earnings‑linked components. Full credit for carbon‑reduction initiatives, such as the rollout of electric delivery vehicles. Reduced credit for the food‑waste target – only 25% of the maximum possible, after the goal was missed. Minimal credit for DEI metrics – just 1 percentage point out of a possible 8.3. What the Pay Rise Signals for UK Grocery Competition Tesco now commands 28.1% of the UK grocery market, up from a low of 26.5% in 2020 and approaching its historic peak of nearly 32% in 2007. The rise in market share has been driven by weaker performance from rivals Asda and Morrisons. By linking future bonuses to market‑share targets rather than food‑waste reductions, the pay committee signals a strategic focus on growth and competitive positioning. Future Outlook: Bonus Targets and Market Share Ambitions Looking ahead, Tesco aims to reach a 30% market‑share milestone by the end of the next bonus cycle, while maintaining its long‑term goal of cutting food waste by 50% by 2030. The removal of the food‑waste metric from the 2026‑29 bonus scheme suggests that executive incentives will increasingly reward market‑share gains, potentially prompting other UK retailers to reassess their own compensation frameworks.
#Tesco #Ken Murphy #Executive Compensation
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Tech May 15, 2026

Osaurus Brings Local and Cloud AI Models Directly to Mac Users

Osaurus has launched an open-source, Apple-only LLM server that allows Mac users to seamlessly swit…
The LeadOsaurus has introduced an innovative open-source, Apple-only LLM server that allows Mac users to seamlessly switch between local and cloud AI models while maintaining data privacy on their own hardware. This development addresses growing concerns about AI token costs and security by providing a user-friendly interface that runs AI in a hardware-isolated virtual sandbox.The Evolution from Dinoki to OsaurusOsaurus evolved from the idea for a desktop AI companion called Dinoki, which Osaurus co-founder Terence Pae described as a sort of "AI-powered Clippy." Dinoki's customers had questioned why they should buy the app if they still had to pay for tokens—the usage units AI companies charge for processing prompts and generating responses. This concern led Pae to develop Osaurus as a solution that allows users to run AI locally on their Macs, accessing files, browsers, and system configurations without relying on cloud services.Technical Capabilities and Model SupportOsaurus can flexibly connect with locally hosted AI models or cloud providers like OpenAI and Anthropic, allowing users to choose which AI models best fit their needs. The platform supports various models including MiniMax M2.5, Gemma 4, Qwen3.6, GPT-OSS, Llama, and DeepSeek V4. It also supports Apple's on-device foundation models, Liquid AI's LFM family of on-device models, and cloud connections to OpenAI, Anthropic, Gemini, xAI/Grok, Venice AI, OpenRouter, Ollama, and LM Studio. As a full MCP (Model Context Protocol) server, it provides access to tools for MCP-compatible clients and ships with over 20 native plugins for Mail, Calendar, Vision, macOS Use, XLSX, PPTX, Browser, Music, Git, Filesystem, Search, Fetch, and more. Recent updates have also added voice capabilities.User Adoption and Market PositionSince launching nearly a year ago, Osaurus has been downloaded over 112,000 times according to its website. The platform distinguishes itself from similar tools like OpenClaw or Hermes by offering an easy-to-use interface for consumers rather than developers, while addressing security concerns through a hardware-isolated, virtual sandbox that limits the AI's scope and keeps users' computers and data safe. Currently, Osaurus' founders, including co-founder Sam Yoo, are participating in the New York-based startup accelerator Alliance.The Future of Local AI and Business ApplicationsOsaurus' founders are exploring potential business applications, particularly in sectors like legal services and healthcare where running local LLMs could address privacy concerns. The team believes that as local AI models become more powerful, they could reduce demand for AI data centers. Pae noted that "the intelligence per wattage—which is like the metric for local AI—has been going up significantly," with local AI evolving from barely being able to finish sentences last year to now being able to run tools, write code, access browsers, and perform various tasks. The vision is for businesses to deploy Mac Studios on-premise, using substantially less power than traditional data centers while maintaining cloud-like capabilities.
#Osaurus #Terence Pae #Local AI
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World Wide May 15, 2026

Finland Ends Drone Alert Amid Regional Fears of Ukraine War Spillover

Finland has stood down its defense forces after responding to suspected drone activities in its air…
Finland Standdown Follows Drone Scare Amid Regional TensionsFinland has stood down its defence forces after sounding an alarm over suspected drone activities in its airspace. The authorities said on Friday that suspected drone activity above the Helsinki region no longer posed a threat and that the situation was returning to normal hours after launching an emergency response, including the launch of fighter jets and closure of the capital's airport.Emergency Response Measures in HelsinkiThe Helsinki City Rescue Department had warned the nearly 2 million inhabitants of Finland's Uusimaa region to stay indoors starting about 4am local time (1:00 GMT), as fighter jets were scrambled. Helsinki's airport was also closed for about three hours. Later, President Alexander Stubb wrote on X that authorities had "demonstrated their readiness and capacity to react", adding that the country was now facing "no direct military threat".Kimmo Kohvakka, director general for rescue services at the Ministry of the Interior, called the response a "precautionary measure" and said "daily life can continue."Rising Regional Security ConcernsThe alarm illustrates the tension stalking the region as Finland and the Baltic states eye Russian aggression and daily missile and drone attacks amid Moscow's continued war on Ukraine.The Baltic states of Estonia, Latvia and Lithuania have reported a series of suspected Ukrainian drones headed for Russia entering their airspace, prompting domestic criticism over their ability to respond to military threats.In March, two drones crossed into Finnish territory and crashed after flying low over the sea and southeastern Finland. Finnish authorities did not indicate the source of Friday's drone activity. However, defence forces operations chief Kari Nisula suggested that Finland had received information from Ukraine about drones potentially straying into the country.Political Fallout in LatviaThe situation has led to a full-blown government crisis in Latvia. Prime Minister Evika Silina resigned on Thursday after a coalition partner pulled support. The move followed the ousting of the defence minister after a drone crashed at a fuel storage facility.Escalating Drone WarfareThe incident in Finnish airspace unfolded as Ukraine maintained its drone attacks on Russian oil and energy infrastructure, and Kyiv continued counting the costs of a huge strike that killed two dozen people.Russia's Ministry of Defence said on Friday that its air defence systems shot down 355 Ukrainian drones targeting Moscow overnight, as well as the border regions of Belgorod, Bryansk and Kursk.Among the targets was an oil refinery in the central city of Ryazan, about 200km (125 miles) southeast of Moscow, according to the commander of Ukraine's drone forces. The attack killed three people and wounded 12, regional Governor Pavel Malkov wrote on Telegram. Two high-rise apartment buildings were struck, he said, while debris fell on the grounds of an industrial enterprise.Civilian Casualties MountMeanwhile in Kyiv, the death toll from a Russian barrage on an apartment building on Thursday rose to at least 24 people, including three children, Ukrainian President Volodymyr Zelenskyy said. Forty-eight people were wounded.Diplomatic Developments Amid ConflictAmid the ongoing violence, Russia and Ukraine have moved ahead with a prisoner swap that saw 205 POWs repatriated on each side on Friday. It was the first step of a swap that is planned to ultimately see 1,000 people on each side return home.The two sides also conducted an exchange of those killed in the fighting, with Russia handing 526 bodies to Ukraine and receiving 41 in return. Both Kyiv and Moscow thanked the United Arab Emirates for mediating the swap.Zelenskyy wrote on social media that most of the prisoners returned to Ukraine had been in Russian captivity since 2022. "We will continue to fight for every single person who remains in captivity," he said.
#Finland #Ukraine #Russia
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Sports May 15, 2026

Premier League Transfer and Tactical Roundup: Senesi Exit, Gordon Rumours, and Fernandes’ Trophy Hunt

A mid‑season Premier League roundup reveals Bournemouth’s defender Marcos Senesi will leave on a fr…
The latest Premier League developments span contract expiries, transfer speculation, and individual ambitions as clubs brace for the summer window. From Bournemouth confirming a key defender’s departure to Newcastle’s manager subtly acknowledging a potential Bayern Munich deal, the landscape is shifting ahead of the 2026‑27 season.Bournemouth Confirm Marcos Senesi’s Summer ExitMarcos Senesi will depart AFC Bournemouth when his contract expires at the end of the 2025‑26 season. The Argentine centre‑back joined the club from Feyenoord in 2022 and has become a target for multiple suitors after solid performances this campaign.Eddie Howe Indicates Anthony Gordon Could Depart for Bayern MunichNewcastle United manager Eddie Howe suggested that Anthony Gordon may have been rested partly with a view to a future move to Bayern Munich. Gordon has missed the last four games, two due to a hip flexor injury, while reports link him to a €80 million summer transfer.Tottenham Hotspur Await West Ham Result While Resting Over WeekendTottenham, currently 17th, will not play this weekend and will monitor West Ham’s clash with Newcastle before their Tuesday away fixture at Chelsea. Forward Richarlison urged teammates to stay calm, emphasizing the importance of points in the final two games.Bruno Fernandes Targets Premier League and Champions League SuccessManchester United captain Bruno Fernandes reiterated his goal of winning both the Premier League and the Champions League next season. He is one assist away from matching the league record of 20 assists, a milestone shared by Kevin De Bruyne and Thierry Henry.Jack Hinshelwood Nears Brighton Scoring RecordLeeds United’s Jack Hinshelwood is on the verge of breaking a Brighton record by scoring in four consecutive Premier League matches, a feat no former Seagull has achieved. His development has been aided by former Brighton striker Bobby Zamora.Transfer Market Implications and Contract TimelinesSenesi – contract ends June 2026; likely to leave on a free transfer.Gordon – rumored €80 million move to Bayern; no official offer confirmed.Fernandes – contract extension talks ongoing; potential release clause reported at £200 million.Potential Shifts in Club Strategies Ahead of SummerWith key contracts expiring, clubs like Bournemouth and Newcastle may prioritize reinvestment in midfield and defensive depth, while Tottenham’s precarious league position could force a late‑season push for experienced signings.Outlook for the 2026‑27 Transfer WindowExpect heightened activity around free‑agent departures and high‑profile moves such as Gordon’s. Clubs will balance immediate survival needs with long‑term squad building, making the upcoming window one of the most dynamic in recent Premier League history.
#Marcos Senesi #Anthony Gordon #Eddie Howe
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Sports May 15, 2026

Emma Raducanu Rehires Coach Behind Historic US Open Triumph

Emma Raducanu has rehired Andrew Richardson, the coach who guided her to her historic 2021 US Open …
The Return of a Championship PartnershipEmma Raducanu has rehired Andrew Richardson, the coach who helped guide her to her sensational US Open triumph in 2021, on a formal basis as she prepares to return to competition next week in Strasbourg in the buildup to the French Open.Richardson will accompany Raducanu at the WTA 500 event as she competes for the first time in two months after being sidelined by post-viral illness. During the early days of her return to the courts, Raducanu travelled to Richardson's base at the Ferrer Academy in La Nucía, Spain, near Benidorm, for a clay-court training block that doubled as a trial period for a potential formal partnership.In a statement, Raducanu said: "Grateful to have reconnected with someone who has known me for over a decade now and looking forward to building together one iteration at a time."A Historic Collaboration RenewedRaducanu and Richardson have a long history, with the pair first working together during her youth. Raducanu had been working with Nigel Sears at the beginning of her breakthrough summer in 2021, before joining forces with Richardson in July. Their partnership yielded one of the biggest surprises in tennis history as Raducanu won the US Open that year as a qualifier without dropping a set.Less than two weeks later, Raducanu controversially chose not to extend her coaching partnership with Richardson, which had begun on a short-term interim basis. This decision generated significant discussion, with many suggesting it would have been beneficial for Raducanu to continue with a familiar face who had worked so successfully with her at a time when so much of her life had instantly changed.A Pattern of Coaching ChangesThe decision not to continue with Richardson marked one of the first of many coaching changes for Raducanu, who has since struggled to find the right person to guide her on a permanent basis. Raducanu last worked with Francisco Roig for six months before the pair parted ways in February. Roig now coaches the six-time grand slam champion Iga Swiatek.Raducanu travelled to her most recent tournament, Indian Wells in March, with the LTA coach Alexis Canter. Considering how much scrutiny her life and career still generate, Raducanu has constantly sought out familiar faces she knew before her breakthrough in 2021.Quest for StabilityHer longest coaching stint was with Nick Cavaday, another of her childhood coaches, with whom she worked for more than a year until he stepped away because of personal health matters. Her return to the top 30 last year was a result of her partnership with Mark Petchey, another person with whom she worked before her breakthrough, whose tennis broadcast work meant they could work together only on an ad-hoc, informal basis.Now she has returned to the coach who helped her to her greatest achievement, suggesting a renewed focus on stability and proven results as she continues her career in the highly competitive world of professional tennis.
#Emma Raducanu #Andrew Richardson #US Open
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Sports May 15, 2026

Scamming Athletes: From Phishing to Porn-Star Deepfakes Fuels a Billion‑Dollar Crime Industry

Athletes are increasingly targeted by sophisticated cyber‑crimes that range from traditional fraud …
Executive Summary: The Surge in Athlete‑Focused FraudAs sports revenues hit record highs, criminals are exploiting the wealth and public profiles of athletes with ever‑more complex schemes, from classic embezzlement to AI‑driven porn‑star impersonations. The convergence of lax personal security, social‑media exposure, and advanced deepfake technology has turned athlete fraud into a multi‑billion‑dollar industry.How Cybercriminals Exploit Athletes – From Trust Breaches to AI DeepfakesTrust abuse: Former interpreter Ippei Mizuhara stole $17 million from Shohei Ohtani in 2025.Investment scams: Ex‑advisor Darryl Cohen defrauded three NBA players of $5 million (2017‑2020).AI deepfakes: Criminals pose as adult‑film star Teanna Trump to lure athletes into sharing credentials, then monetize accounts.Family targeting: Malware hidden in children’s games gave attackers backdoor access to a professional basketball player’s home network.Financial Scale: Billions Lost and GrowingThe FBI’s IC3 reports > $20 billion in U.S. cyber‑crime losses in 2025, a 26% rise YoY.EY’s analysis identifies nearly $1 billion in documented athlete losses from 2004‑2024.Individual cases range from $5 million (NBA) to $17 million (Ohtani) and undisclosed sums from deepfake extortion.Why Sports Figures Are Prime TargetsHigh public visibility: detailed bios, social‑media posts, and NIL (Name, Image, Likeness) deals expose personal data.Limited security infrastructure: athletes rely on bodyguards, not dedicated cyber teams.Attack surface expansion: AI can generate convincing audio/video, and children’s devices often lack robust protection.Organised‑crime interest: the potential payoff rivals senior corporate executive salaries.Future Threat Landscape and Defensive ImperativesAI‑generated deepfakes will become more realistic, increasing impersonation success rates.Sports leagues and player unions must fund dedicated cyber‑security units and mandatory training.Adoption of multi‑factor authentication, encrypted communications, and secure home‑network protocols is essential.Regulators may consider mandatory breach‑notification standards for athletes’ personal data.
#EY #BlackCloak #Shohei Ohtani
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Entertainment May 15, 2026

Backtalker Review: Kimberlé Crenshaw’s Memoir Illuminates Intersectionality and Resilience

Kimberlé Crenshaw’s memoir *Backtalker* recounts a life shaped by Jim Crow segregation, family grit…
Executive Overview: A Memoir of Hope Amid SegregationBacktalker by Kimberlé Crenshaw is a candid autobiography that traces her upbringing in Jim Crow Ohio, the loss of family property through eminent‑domain, and the intellectual journey that produced the theory of intersectionality. The Guardian’s review frames the work as both a personal testament and a call to recognize ongoing racial inequities.Crenshaw’s Journey from Segregated Ohio to Intersectionality TheoryThe narrative begins with childhood episodes—being cast as a witch instead of a princess, a Black family’s defiant return to a drained public pool, and her father’s brief legal career—illustrating the daily “backtalk” that forged her resilience. At Cornell she discovered Derrick Bell’s scholarship, and at Harvard Law she confronted the stark absence of Black faculty, prompting protests that foreshadowed her later legal activism. A pivotal case involving Emma DeGraffenreid’s GM lawsuit revealed the limits of Title VII, inspiring Crenshaw to articulate the concept of intersectionality.Publication Details and PricingPublisher: Allen LaneRelease date: 2026Price: £25Available through: guardianbookshop.comWhy Crenshaw’s Story Reshapes Understanding of Race, Law, and Public MemoryThe review underscores that Crenshaw’s personal history mirrors broader systemic patterns—racialized eminent‑domain, under‑representation in elite academia, and the legal blind spot that ignored overlapping discrimination. By linking intimate family anecdotes to national moments such as the Clarence Thomas hearings, the OJ Simpson trial, and Barack Obama’s election, the memoir demonstrates how individual “backtalk” can influence collective legal and cultural narratives.Looking Ahead: The Enduring Relevance of BacktalkerAs debates over voting rights, reparations, and campus diversity intensify, *Backtalker* is positioned to become a staple in both scholarly curricula and public discourse. Readers and educators are likely to cite Crenshaw’s account when arguing for more nuanced anti‑discrimination policies that address the intersecting axes of race and gender.
#Kimberlé Crenshaw #Backtalker #Intersectionality
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Entertainment May 15, 2026

Renowned Feminist Artist Valie Export Dies at 85

Austrian performance artist and filmmaker Valie Export died in Vienna at age 85, three days before …
Lead: Valie Export’s Death Marks End of a Pioneering EraThe Austrian performance artist and filmmaker Valie Export passed away in Vienna on May 15, 2026, just three days shy of her 86th birthday. Her death closes a chapter on a career that consistently challenged the male gaze and redefined feminist expression in contemporary art.Groundbreaking Performances that Redefined the Male GazeExport’s early work shocked and fascinated audiences. In 1968 she staged "Tap and Touch Cinema", strapping a miniature theatre stage to her chest and inviting passers‑by to touch her bare breasts through a curtain, while a megaphone‑wielding colleague timed each action. The 1980 Venice Biennale centerpiece "Birth Bed" featured an oversized female abdomen, neon lights emanating from a vulva, and a TV broadcasting a Catholic mass, confronting patriarchal power structures head‑on.Key Milestones and Numbers in Export’s Career1940: Born Waltraud Lehner in Linz, Austria.1967: Adopted the name Valie Export (nickname + cigarette brand).1968: Co‑founded the Austrian Filmmakers Cooperative.1970: Faced pornography charges; custody of her daughter briefly withdrawn.1977 & 2007: Exhibited at Kassel’s documenta.1980: First female artist (with Maria Lassnig) to fill the Austrian pavilion at the Venice Biennale.1985: Feature film The Practice of Love nominated for the Golden Bear at Berlin.1995‑2005: Professor of multimedia and performance at the Academy of Media Arts, Cologne.2015: Linz opened the Valie Export Centre for Media and Performance Art.Impact on Feminist Art and Contemporary CultureCritics and curators, including gallerist Thaddaeus Ropac, describe Export as “one of the most visionary feminist artists” of post‑war Europe. Her interventions exposed the objectification of the female body, influencing artists such as Marina Abramović, who re‑enacted Export’s “Genital Panic” in 2005 at the Guggenheim. Museums worldwide now feature her work as a cornerstone of feminist art history.Looking Ahead: Preservation and Influence of Export’s WorkWith the establishment of the Linz centre and ongoing retrospectives, Export’s oeuvre is set to remain a reference point for future generations. Scholars anticipate new scholarly editions of her performances, while digital archives aim to make her interventions accessible to a global audience, ensuring that her challenge to patriarchal structures endures beyond her lifetime.
#Valie Export #Austrian performance art #Venice Biennale
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Environment May 15, 2026

Thames Gains First Official Bathing Spot in London, Boosting River Clean‑up and Tourism

London’s River Thames at Ham becomes the capital’s first officially designated bathing water, marki…
The LeadOn Friday the River Thames at Ham will host its first official swimming season as the inaugural designated bathing water in London, joining 12 other newly recognised sites across England.Thames at Ham Designated as London’s First Official Bathing WaterThe stretch of the Thames in south‑west London has been granted bathing water status after campaigners, led by Marlene Lawrence of the Teddington Bluetits, submitted evidence of year‑round swimming activity. Lawrence said, “This is amazing for the river and for the many people who enjoy it.”Nationwide Roll‑out of 13 New Bathing Water SitesEnvironmental Minister Emma Hardy announced that the new designations bring the total to 13 new monitored swimming areas across England. The sites are:Canvey Island foreshore, EssexEast Beach at West Bay, Bridport, DorsetFalcon Meadow, Bungay, SuffolkGranville Parade Beach, Sandgate, KentLittle Shore, Amble, NorthumberlandNew Brighton Beach (east), MerseysideNewton and Noss Creeks, DevonPangbourne Meadow, BerkshireQueen Elizabeth Gardens, Salisbury, WiltshireRiver Dee at Sandy Lane, Chester, CheshireRiver Fowey in Lostwithiel, CornwallRiver Swale in Richmond, YorkshireRiver Thames at Ham and Kingston, Greater LondonEnvironmental and Economic ImplicationsThe new bathing water designations expand monitoring by the Environment Agency, which will conduct weekly sampling and publish results online. Hardy highlighted the benefits: “better monitoring of our waterways, a boost for local tourism and greater confidence for local swimmers.” The move follows years of limited bathing water status, which was previously confined to coastal waters and lakes, and aims to curb sewage discharge, PFAS, and agricultural runoff.Future Outlook for River Clean‑up and MonitoringContinued oversight will involve the regulator working with communities, farmers and water companies. At Ilkley, Yorkshire Water is already investing over £85m in infrastructure to improve water quality after the Wharfe received bathing status five years ago. The Thames designation is expected to drive similar upgrades and reinforce the government’s “generational reform” of the water sector.
#River Thames #Emma Hardy #Environment Agency
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