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Business Apr 07, 2026

Bill Ackman's Pershing Square Makes €50bn Takeover Bid for Universal Music

Billionaire Bill Ackman's hedge fund, Pershing Square, has offered to buy Universal Music Group in …
Universal Music Group (UMG), the world's largest music company, has received a takeover offer from billionaire Bill Ackman's hedge fund, Pershing Square. The deal values UMG at over €50bn (£44bn). Pershing Square, based in New York, has offered a cash and stock deal to acquire the business, which is home to renowned artists such as Taylor Swift and Elton John.Ackman stated that while UMG, led by British-born Sir Lucian Grainge, has done an excellent job in nurturing its artist roster and generating strong business performance, its share price has lagged due to issues unrelated to the performance of its music business. He specifically mentioned the delay in UMG's US listing, underutilization of its balance sheet, and uncertainty around the French conglomerate Bolloré Group's 18% stake in the company.Shares in UMG, listed in Amsterdam since 2021, have lost more than a quarter of their value in the past year. The company is one of the 'big three' record labels, alongside Sony Music Entertainment and Warner Music Group, with a diverse roster ranging from classical music to stars like Adele, Drake, and Ariana Grande.Ackman also cited a 'lack of investor credit' in the company's valuation of its €2.7bn stake in the music streaming service, Spotify. Pershing Square, which Ackman established in 2004, controls over $26bn in assets and bought a 10% stake in UMG in 2021.As part of the proposed deal, Pershing Square would add Michael Ovitz, a veteran talent agent, as chair, along with two representatives from Pershing Square to UMG's board. The deal would also involve a new employment contract and compensation arrangement for Sir Lucian Grainge. Under the terms, UMG would merge with a blank-cheque company set up by Pershing Square and then list on the New York Stock Exchange. Shareholders would receive a total of €9.4bn in cash and 0.77 shares in the new company for every Universal share they own, representing a 78% premium compared to the company's closing share price on Thursday.
#Bill Ackman #Pershing Square #Universal Music Group
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World Economy Apr 04, 2026

UK Marmalade Labels May Need to Change Under New EU Rules

The UK is considering aligning with EU naming rules for food products, which could require marmalad…
The UK is facing a potential rebranding of its beloved breakfast spread, marmalade, due to new EU rules. The proposed changes are part of a planned food deal with the EU, which would require the UK to align with the bloc's naming rules for food products.Under the new rules, marmalades may need to be relabelled to specify the type of fruit used, such as 'citrus marmalade'. However, the government has clarified that 'orange marmalade' will still be allowed and that jars on UK shelves will remain unchanged.The Conservative former home secretary, Priti Patel, has accused Labour of 'attacking the great British marmalade', claiming that the prime minister is 'desperate to fit in with his EU pals and unpick Brexit'. However, the government spokesperson has denied this, stating that the deal simply supports trade by cutting unnecessary red tape.The UK is being asked to align with regulations already in force within the EU, which allow all conserves to be marketed as marmalades as long as the type of fruit is specified. The rules were relaxed in 2004 to allow fruit-based spreads to be referred to as marmalades in certain European countries.A government source pointed out that marmalade on UK supermarket shelves is already usually labelled as 'orange marmalade', which they suggested is in compliance with the EU rules. The government has assured that the agreement supports exporters while fully preserving the UK's ability to shape food rules in the national interest.
#marmalade #orange #british
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Sports Apr 03, 2026

Japan and Australia Demand Equal Prize Money in Women's Asian Cup

Japan and Australia, the finalists of the Women's Asian Cup, have called for equal prize money with…
Japan and Australia, the finalists of the Women's Asian Cup, have renewed calls for equal prize money with the men's tournament, directly challenging the Asian Football Confederation (AFC). The governing body has been accused of 'ignoring' previous requests.The Women's Asian Cup concluded with a historic final match between Japan and Australia, with Japan winning 1-0 in Sydney on March 21 before a record crowd of over 74,000 fans. The tournament itself made global headlines after seven members of the Iran squad sought asylum in Australia, citing 'traitor' labels at home for refusing to sing the national anthem.The $1.8m prize fund for the Women's Asian Cup is the same as in 2022, but significantly lower than the $14.8m on offer at the men's equivalent. A report by FIFPRO, the global footballers' union, indicated that the event could generate up to $82.4m in revenue. A record 350,000 fans attended the tournament during its three-week duration.In a joint statement released by FIFPRO, the Japan and Australia teams emphasized that despite the tournament's success, it remains the lowest-paying continental tournament in the world. They highlighted the significant inequality between the men's and women's game and called for equal prize money, which they believe would be 'transformational' for players and football communities across Asia.The statement also addressed the challenges faced by teams during the tournament, including the plight of the Iranian team and issues with equipment for India's players. The teams expect FIFA to honour its pledge of equal prize money for the 2027 FIFA Women's World Cup and will continue to fight for equality and respect for women players.In a related development, Japan sacked their coach, Nils Nielsen, just 12 days after their Asian Cup victory, citing his coaching style as 'lax' and 'lacking passion'.
#japan #women #cup
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Politics Apr 01, 2026

Tony Blair Labels UK Left an ‘Islamist Alliance’ Over Gaza, Critics Point to Poll Data and Blair’s Own Saudi Ties

Former prime minister Tony Blair accused Britain’s left‑wing parties of forming an “unholy alliance…
In a recent interview published by the Free Press, former UK prime minister Tony Blair asserted that the British left has entered an “unholy alliance” with Islamist groups, framing criticism of Israel’s Gaza operations as a new form of anti‑semitism. He further praised former President Donald Trump’s proposed plan for Gaza, describing it as “bold and intelligent.”The commentary arrives amid a sharp decline in British public support for Israel. A YouGov poll found that only 12 % of respondents back Israel’s actions in Gaza, while a clear majority favor measures such as an arms embargo, sanctions, and even the prosecution of Prime Minister Benjamin Netanyahu for alleged war crimes.Blair’s allegation that the left “casts the Jewish community as supporters of the Israeli government” is challenged by evidence of a broader shift in public sentiment. The Greens, now a leading force on the English left, oppose the Gaza offensive and reject Islamophobia, yet they are led by a Jewish gay politician and champion a socially progressive agenda that includes LGBTQ+ rights and gender equality—hardly the hallmarks of “Islamism.”Data on American Jewry is also invoked. While 71 % of Jewish Americans voted for Kamala Harris in the 2024 election, a separate poll indicated that 40 % of Jewish respondents believe Israel’s military actions amount to genocide, a figure rising to half among those under 35. These figures illustrate that criticism of Israel does not automatically equate to anti‑semitic sentiment.The piece also revisits Blair’s own controversial foreign‑policy record. His government approved extensive arms sales to Saudi Arabia and shut down investigations into those deals, while his post‑premiership institute continued to receive substantial Saudi funding even after the murder of journalist Jamal Khashoggi. Moreover, the 2003 invasion of Iraq, led by Blair, is widely regarded as having provided a recruitment boost to Islamist extremist groups.Critics argue that Blair’s narrative is a strategic attempt to deflect growing Western criticism of Israel by painting opponents as extremist sympathizers. The term “Islamo‑gauchisme,” used in France to describe similar accusations, exemplifies a broader pattern of demonising Muslim participation in democratic politics.In sum, the article contends that Blair’s claim lacks substantive evidence, overlooks prevailing public opinion, and mirrors past tactics of smearing dissenting voices. As the debate over Israel’s conduct in Gaza intensifies, the left’s opposition appears rooted in humanitarian concerns rather than any covert Islamist agenda.
#Tony Blair #UK Labour Party #Green Party
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Politics Mar 30, 2026

Palestinians Mark Land Day: 50 Years of Protests Against Israeli Land Confiscation

Palestinians commemorate Land Day, marking 50 years since Israel's confiscation of 2,000 hectares o…
Every year on March 30, Palestinians observe Land Day, or Yom al-Ard, recalling the events of 50 years ago when Israeli forces killed six unarmed Palestinians and injured over 100 during protests against Israel's confiscation of Palestinian land.On March 30, 1976, Israel ordered the confiscation of 2,000 hectares (4,942 acres) of land belonging to Palestinian citizens of Israel in the Galilee, as part of its policy to Judaise Galilee following the creation of the State of Israel.The protests, which were concentrated in the Palestinian towns of Sakhnin, Arrabeh, and Deir Hanna, were met with brutal force by Israeli authorities. The confiscated land is roughly the size of 3,000 football pitches or the area from the southern tip of Manhattan to the start of Central Park in New York.Palestinians, both in Israel and across the occupied Palestinian territory, mark this day by holding protests, vigils, and planting olive trees to reaffirm their connection to the land. However, these protests are often met with brutal use of force by Israel.Israel has continued to seize large swaths of Palestinian land, designating them as military zones, state land, and other labels. Recently, on February 8, 2026, Israel's security cabinet approved measures to expand its powers across the occupied West Bank, including easing the sale of Palestinian land to Israeli settlers.Rights groups and several countries have condemned Israel's land grab, calling it “de facto annexation” and a “deliberate and direct attack” on the viability of a Palestinian state. Since October 7, 2023, Israel has ramped up both formal settlement approvals and informal outpost establishments.According to Peace Now, an Israeli anti-settlement group, Israel approved 12,349 housing units in 2023, 9,884 in 2024, and a record 27,941 in 2025. In December, Israel's security cabinet approved plans to formalize 19 illegal settlements across the occupied West Bank.
#Land Day #Israel #Palestine
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Society Mar 29, 2026

Spotting Fake Vapes: How to Identify and Avoid Illegal Devices

The UK vape industry is warning consumers about the dangers of fake vapes, which can cause health p…
The UK vape industry is sounding the alarm about the proliferation of fake vapes on the market, which can pose serious health risks to users. These counterfeit devices are often sold in high street shops and can look identical to legitimate products, making them difficult to spot.According to the UK Vaping Industry Association (UKVIA), around 5m illegal devices have been seized over the last three years, with a street value of £39m. These devices often lack safety features, such as circuit protection to prevent overheating, which can cause them to catch fire.John Dunne, head of the UKVIA, warns that fake vapes may cause damage to people's health as they have not undergone the same testing regime as legal devices. 'Where the packaging might look similar and the product itself may look similar, these companies may not have the same safety features built into the device, because the copycats tend to try and make the product as cheap as possible,' he says.So, how can you spot a fake vape? One of the key telltale signs is if the box does not have a UK distributor's address on it. Other signs include poor-quality packaging with low-resolution photos or labels, and missing nicotine warnings and ingredient lists. The device name or labelling may also be written in a foreign language.If you suspect that you have bought a fake vape, you can file a report through the UKVIA or contact your local Trading Standards office. You can also check whether a brand has been registered with the MHRA through its website.
#you #fake #vape
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Politics Mar 28, 2026

Russia Labels Oscar-Winning Documentary Protagonist a 'Foreign Agent'

Russia has declared Pavel Talankin, the protagonist of the Oscar-winning documentary 'Mr Nobody Aga…
Russia has officially designated Pavel Talankin, the main protagonist of the Oscar-winning documentary 'Mr Nobody Against Putin', as a 'foreign agent'. This move comes after Talankin, a teacher and videographer, spent two years documenting pro-war propaganda at a school in the Chelyabinsk region of west-central Russia.Talankin, in collaboration with US director David Borenstein, won the Best Documentary award at the Academy Awards earlier this month. The documentary features footage Talankin smuggled out of Russia in 2024, showcasing how students were exposed to pro-war messaging.A Russian court recently banned the documentary from several streaming platforms, citing that it promoted 'negative attitudes' about the Russian government and the war in Ukraine. Since Russia's full-scale military invasion of Ukraine in February 2022, Russian authorities have sought to suppress opposition to the war and rally support among citizens.As a 'foreign agent', Talankin is subject to stringent bureaucratic requirements and income restrictions in Russia. He is also obligated to label his social media posts and publications with the 'foreign agent' designation.In his Oscar acceptance speech on March 15, 2026, Talankin urged an end to global conflicts, stating, 'Stop all of these wars now'. The documentary has sparked controversy, with some Russians opposing Putin and the war criticizing Talankin for filming colleagues and children without consent.
#Russia #Pavel Talankin #Mr Nobody Against Putin
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News Mar 26, 2026

UN Condemns Transatlantic Slavery as 'Gravest Crime Against Humanity', Paves Way for Reparations

The UN General Assembly has adopted a resolution recognizing transatlantic slavery as the 'gravest …
The United Nations has taken a significant step towards acknowledging the atrocities of transatlantic slavery, adopting a resolution that labels it as the 'gravest crime against humanity'. The resolution, proposed by Ghana, was passed with 123 countries in favor, 3 opposed, and 52 abstaining.The resolution is not legally binding but carries substantial political weight. It calls for reparations and urges member states to engage in dialogue on the issue, including issuing formal apologies, returning stolen artifacts, providing financial compensation, and ensuring guarantees of non-repetition.Ghana's President John Dramani Mahama, a key architect of the resolution, hailed its adoption as 'a route to healing and reparative justice'. The resolution's passage is seen as a crucial step towards addressing the ongoing impacts of slavery, which saw at least 12.5 million Africans abducted and sold between the 15th and 19th centuries.Despite the progress, there is growing backlash from Western leaders who oppose discussing reparations, arguing that today's states and institutions should not be held responsible for historical wrongs. The EU and the US expressed concerns that the resolution could imply a hierarchy among crimes against humanity.The Netherlands remains the only European country to have issued a formal apology for its role in slavery. The resolution comes after the African Union set out to create a 'unified vision' among its 55 member states about what reparations for slavery may look like.
#resolution #not #list
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Technology Mar 26, 2026

Meta and YouTube Found Liable in Landmark Social Media Addiction Trial

A California jury has found Meta and YouTube responsible for injuries incurred by a 20-year-old wom…
A recent jury verdict in California has held Meta and YouTube liable for the harm caused to a young woman, KGM, due to the addictive nature of their platforms. The plaintiff claimed that her social media use, which began at the age of six, led to injuries including body dysmorphia and thoughts of self-harm.The jury's decision marks a significant milestone in the ongoing debate about the impact of social media on young people. The verdict suggests that companies like Meta and YouTube, which have been accused of designing features to keep users engaged, can be held accountable for the harm caused by their platforms.Critics of the judgment argue that it could lead to a flood of lawsuits against social media companies, while others see it as a necessary step to protect young people from the potential dangers of social media. The verdict may also prompt regulatory changes and increased scrutiny of social media companies' practices.According to a report from Brown University, social media can be addictive due to its ability to activate the brain's reward system, releasing feel-good hormones such as dopamine. This can lead to a vicious cycle of use and addiction, particularly among young people who spend many hours a day on social media.In response to growing concerns, some countries have taken action to protect young people. Australia, for example, has banned children under 16 from using social media. In the US, there have been calls for social media companies to be required to put warning labels on their sites, but such proposals have yet to gain traction.The verdict is also significant given the close ties between the tech industry and the US administration. The appointment of Mark Zuckerberg to the president's council of advisers on science and technology has raised concerns about the influence of tech companies on policy decisions.Ultimately, the jury verdict sends a clear message to tech titans that they will be held accountable for the impact of their platforms on young people. As the debate about social media regulation continues, this verdict is likely to have far-reaching implications for the industry and for the protection of young people online.
#social #media #people
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