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Donald Trump's presidency has had an unexpected consequence: he has done more to accelerate the energy transition than anyone else alive. Despite fossil fuel companies bankrolling his campaign to hinder the transition, his volatile nature and policies have led to a surge in demand for renewable energy technologies.The recent attack on Iran has caused oil prices to soar, and executives from companies like Chevron have cashed in on record-breaking share sales. However, this has also led to a global surge in demand for electric vehicles (EVs), solar panels, and heat pumps. Inquiries about buying EVs have risen by 23% in the UK, 50% in Germany, and 160% in France.The logic of switching to renewables appears ineluctable. Governments and voters are seeking to reduce their dependency on fossil fuels, and advances in battery technology are making renewable energy more viable. Solid-state batteries and quantum batteries could soon transform the energy storage landscape.Countries that fail to adapt to this new reality will be left behind, facing high bills and insecurity. The UK should invest in grid batteries, heat pumps, and induction hobs, rather than trying to extract the last dregs of fossil fuel from the North Sea. Half-measures offer nothing but delay and wasted costs.The consequences of Trump's actions are far-reaching, and his support for autocrats like Viktor Orbán has contributed to the fall of their regimes. The anti-green campaigning in the UK may have been financed by Russian oil, but greens who were once dismissed as idealistic now look like hard-headed pragmatists and true patriots.

San Francisco‑originated Philz Coffee announced on Friday that it will keep Pride flags displayed in all of its locations, overturning a policy introduced just days earlier that called for their removal.Chief executive Mahesh Sadarangani said in a statement, "I made a mistake and I am sincerely sorry," adding that the Pride flag represents "a symbol of safety and belonging for people who don’t always find that in the world," and that he does not wish to deprive any customer of that feeling.When the policy was first unveiled, Sadarangani framed it as a move toward uniformity, indicating that other non‑U.S. flags would also be taken down to maintain consistency across stores.The decision triggered an immediate and vocal backlash from both employees and customers. An online petition opposing the ban quickly amassed more than 7,300 signatures, reflecting the chain’s long‑standing reputation as an ally of the LGBTQ+ community.State Senator Scott Wiener, whose district includes San Francisco, condemned the policy on social media and suggested it was linked to Philz’s recent acquisition by private‑equity firm Freeman Spogli, raising concerns about corporate influence on inclusive practices.Sadarangani credited San Francisco Pride leaders Suzanne Ford and Jupiter Peraza for prompting the reversal, noting their outreach helped the company understand the broader impact of the decision."What gave me reason to engage with Mahesh was something I don’t always see from a CEO in this situation: genuine humility," Ford said. "He reached out, listened, and understood that this wasn’t about optics—it was about whether queer people and the employees who support them feel safe and seen. That matters."Founded in 2003, Philz Coffee has grown from a single San Francisco shop to a network of over 80 locations across California and Chicago, positioning itself as a community‑focused brand.The controversy occurs against a backdrop of nationwide debates over Pride symbols. Republican‑led states have recently removed rainbow flags from public spaces, and the Trump administration previously took down a rainbow flag at New York City’s Stonewall monument before agreeing to a settlement that restored it.Across the country, rainbow crosswalks have been targeted for removal, prompting cities like Miami Beach to install alternative displays—such as rainbow‑colored benches and plaques—to demonstrate solidarity with LGBTQ+ residents.

The 2026 Bafta games awards, held in London, recognized several standout games in the industry. Clair Obscur: Expedition 33, with 12 nominations, was a favorite to win big, and it did, taking home awards for Best Game and Debut Game, as well as Performer in a Leading Role for Jennifer English.Another major winner was Dispatch, a superhero comedy that won Animation, Audio Achievement, and Performer in a Supporting Role for Jeffrey Wright. Ghost of Yōtei, a historical samurai slasher, also had a strong showing, winning Music and Technical Achievement.Other notable winners included Atomfall for British Game, No Man’s Sky for Evolving Game, and Blue Prince for Game Design. The Bafta Fellowship was presented to Ilkka Paananen, chief executive and co-founder of Supercell.

Wrexham AFC, the football club co-owned by Hollywood stars Ryan Reynolds and Rob Mac, has been awarded a £3.8m government grant without a contract or a completed state aid assessment in place. This has raised questions over whether the award was lawful.The club has received a total of £18m in taxpayer-funded grants to help redevelop its stadium, the Racecourse Ground. This is significantly more than any other club in the UK.Responses to freedom of information requests suggest that Wrexham county borough council awarded the money before completing the usual steps. Alexander Rose, a partner specialising in subsidy control at law firm Ward Hadaway, stated that the lack of a final state aid assessment at the time the grant was awarded would have left it vulnerable to legal challenge by a rival.However, there is little prospect of Wrexham AFC being forced to repay the cash, as the one-month window for challenges to be filed has since closed. The leader of Wrexham council, Mark Pritchard, said: “All due diligence and checks were in place ahead of the transfer of any funding and we refute any accusations to the contrary.”Reynolds and Mac took over the club in 2021, bringing with them a wave of sponsorship and global interest via their Disney TV series Welcome to Wrexham. The club has been able to far outspend their lower-league rivals, transforming the club’s fortunes.Wrexham, which was granted city status in 2022, awarded the £18m to the star-studded club as part of its “Wrexham Gateway” urban improvement scheme. Most of the money went towards developing the stadium, despite the club having deep-pocketed owners.The first £3.8m tranche of cash was awarded on 8 February 2022, less than a year after Reynolds and Mac’s takeover. Another £14m was awarded in September 2025.Public authorities that give out grants are required by law to judge if they comply with the principles of subsidy control, to ensure taxpayer money is not misspent. However, in response to a freedom of information request, Wrexham council said it only had “draft assessments” in place before the money was awarded.The council said the final assessment it provided was submitted nearly five months later, on 6 July 2022. In response to questions, the council shared a draft assessment it said dated from 7 September 2021.Rose said: “At the time the £3.8m grant was awarded there was a duty to carry out a principles assessment. Evidence that this assessment wasn’t finalised when the grant was given would certainly have helped a challenger, for example a rival football club.”“Subsidy control rules exist to ensure there’s a level playing field in which businesses can compete,” he added. “That includes in professional football. They’re also an important protection for the taxpayer, preventing wasteful and unnecessary subsidies from being awarded.”Recipients of large grants almost always sign contracts to ensure taxpayer money is spent as promised. Yet the council said the grant was authorised by its executive board and “provided in advance of the finalisation of the grant funding agreement”.The council said the grant funding agreement – apparently covering the whole £18m – was only created in July 2023.The contract was then completed on 17 September 2025, when the £14m tranche was awarded.The two-year delay between the creation of the contract and its signing also offered another potential benefit to Wrexham council: new subsidy control laws that came into force days earlier in August raised the threshold for mandatory scrutiny of the grant by the Competition and Markets Authority.Delaying the subsidy meant the award to Wrexham AFC was not subject to this scrutiny.While it was tapping taxpayer money, the club was also able to raise huge amounts from private backers. In the year to June 2025 it raised £36m through share issues. Three months after the second grant, Reynolds and Mac announced the sale of a stake in the club to Apollo, one of the world’s largest private equity firms.Bloomberg reported that Wrexham was valued as high as £350m. The club then raised another £47.8m in January, according to corporate filings.In the year before it received the £14m grant, Wrexham was able to repay loans worth £10.6m to Ryan Reynolds’s company, according to accounts published last month. It also lost £3.8m from the collapse of Argentex, a currency brokerage that entered special administration in July 2025 because of failed foreign exchange trades.Pritchard, the council leader, said: “The grant represents a small investment compared to what the club will be investing at the Racecourse … In fact, as the club has grown in both stature, ambition and from external investment, the percentage of public investment compared to that of the club has shrunk from roughly 68% of the project costs to around 25% currently.“This demonstrates further value for money in regard to the initial investment from the public purse.”Wrexham AFC said the club is itself making a “significant financial investment with the support of our ownership group and investors”. Accounts published last month show the club has signed a £69.2m contract to build a new stand.The spokesperson said the “funding ensures the facility can be brought up to the required standard to host international sporting events, including international football and rugby matches (as opposed to just meeting domestic football criteria)”

UK Chancellor Rachel Reeves is poised to raise the government's windfall tax on low-carbon electricity generators to help limit household energy bills. The levy, introduced in 2022, targets excess profits made by owners of older renewable energy and nuclear plants.The chancellor is ready to hike the electricity generator levy, which currently stands at 45%, as electricity market prices soared following Russia's invasion of Ukraine. The increased tax will help shield consumer energy bills in the short term while the government consults on long-term plans to reform the wholesale market.The government is also expected to consult on plans to shift older, low-carbon projects onto newer set-price contracts, providing electricity at a guaranteed price. This move aims to weaken the link between gas market prices and electricity costs, which has led to a surge in electricity market prices across Europe.Executives across the industry have been informed to expect contact from officials on Monday to outline the government's determination to protect electricity costs from the surge in gas markets. The plans have already impacted shares in energy companies, with SSE falling over 6% and Centrica closing down 5% on Friday.The proposed reforms have sparked concerns within the industry, with some viewing them as a fundamental reform of energy markets. The government is considering radical proposals, including removing gas plants from the market and holding them in strategic reserve.

Negotiations are intensifying between the Australian National Rugby League (NRL) and the UK’s Super League over a prospective takeover that could reshape the sport’s calendar and governance. The NRL’s chief executive, Andrew Abdo, told The Guardian that any acquisition would hinge on a major investment package and a decisive move to re‑introduce a winter competition, the first such change since 1996.Abdo travelled to England this week to discuss the feasibility of the deal, emphasizing that the London Broncos would be pivotal to the NRL’s vision. He warned that British clubs would need to surrender the extensive control they currently wield if they hope to benefit from the financial backing the NRL could provide.The proposed shift to a winter schedule is driven by the prospect of a global broadcast arrangement that would allow the NRL to sell television rights throughout the year. While a summer season avoids clashing with the Premier League, Abdo argued that a unified calendar could attract new fans and sponsors on an international scale.Super League clubs are reportedly losing close to £20 million annually. An infusion of NRL capital could not only cover the salary‑cap obligations for every club but also free up resources for further investment in facilities, talent development and marketing.Governance would also undergo a overhaul. The NRL operates under an independent commission, whereas Super League’s club owners currently dominate decision‑making. Abdo stressed the need for an independent governing body to make “tough calls” and separate day‑to‑day club interests from the sport’s strategic direction.London’s role is another cornerstone of the plan. Abdo highlighted the city’s diverse population and commercial potential, suggesting that a strong London franchise could boost fan acquisition, sponsorship deals, and overall league visibility.With the existing Sky Sports broadcast contract set to expire at the end of the season, timing is critical. The NRL aims to align its own TV‑rights expansion with a possible partnership, viewing broadcasting as the key lever for global growth.While no formal offer has been lodged, Abdo indicated that the NRL will present its findings to its board and Australian clubs before any official proposal is made. The next few weeks will be decisive for both leagues as they weigh the benefits of a combined, year‑round rugby league ecosystem.

The UK automotive market has reached a pivotal moment in its shift towards electric vehicles (EVs), as the average price of new electric cars has fallen to £42,620, making them £785 cheaper than their petrol counterparts, which average at £43,405. This development is a significant milestone in Britain's transition away from fossil fuels, with the higher upfront cost of electric vehicles being a major deterrent for many drivers. However, with total running costs for electric cars being lower for some time, the decrease in upfront costs is expected to drive increased adoption. The decrease in electric car prices can be attributed to several factors, including the electric car grant introduced last summer, which offers up to £3,750 off certain models, and the influx of Chinese competitors that have been able to undercut traditional brands. Carmakers have also been under pressure to meet electric car targets, known as the zero emission vehicle (ZEV) mandate. According to Bex Kennett, head of new car at Autotrader, the electric car market is becoming increasingly competitive, with manufacturers and retailers working hard to improve both the supply and affordability of new electric vehicles. The recent rise in petrol and diesel prices due to the war in Iran has also contributed to increased inquiries for electric cars from consumers looking to cut their energy costs. Gurjeet Grewal, chief executive of Octopus Electric Vehicles, noted that this milestone removes one of the biggest barriers to switching to electric vehicles, as they are now cheaper than petrol cars on upfront cost and have long been cheaper to run. With growing competition and more choice, electric vehicles are becoming the obvious option for drivers. Despite this progress, the transition to electric cars in the UK still faces some barriers, particularly for households without driveways that rely on the public charging network, which remains patchy in some areas.

The UK's benefits budget has become a contentious issue in the country's political landscape, with some politicians suggesting that cuts to welfare spending could be used to fund defence. The Conservative party has pledged to cut welfare spending by £23bn to get Britain working again. However, experts warn that this approach could have severe consequences for vulnerable populations.Labour peer George Robertson recently sparked controversy by suggesting that cuts to benefits could be used to finance defence. However, the government has pushed back against this idea, with Chancellor's deputy James Murray stating that there is no 'zero-sum game' between these two budgets. Experts point out that the benefits budget is not out of control, with Ruth Curtice, chief executive of the Resolution Foundation, noting that working-age benefits have remained fairly flat as a proportion of GDP. The real challenge lies in pension costs, which are rising due to demographics and the triple lock mechanism.Cuts to welfare benefits have had devastating effects in the past. For example, George Osborne's £15bn cuts in 2015 led to 450,000 children being plunged into poverty. The basic out-of-work rate remains low, at £98 a week universal credit, which is 9% lower in real terms than in 2010. Politicians must be transparent about what they plan to cut and who would be affected. The Institute for Fiscal Study's Eduin Latimer notes that other countries spend more on health benefits. Stephen Timms, the minister for social security and disability, is reviewing disability benefits with a focus on reform rather than cuts.The debate over defence spending is also heating up, with Robertson warning of a national security crisis. However, experts question the efficiency of defence spending, citing the National Audit Office's criticism of the Ministry of Defence's accounts and the failure to verify spending. The £6bn Ajax armoured vehicle project is a prime example of a costly and delayed project.

LIV Golf chief executive Scott O'Neil has acknowledged that the rebel golf tour's finances are being managed very tightly and that structural changes are on the horizon, which may necessitate raising additional funds. However, he emphatically stated that the league will not fold.O'Neil's comments come on the heels of reports that Saudi Arabia's Public Investment Fund, a key backer of LIV Golf, is cutting its funding for the league. Despite this, O'Neil described the situation as 'business as usual' and expressed confidence in the tour's future prospects.In an interview with LIV employees during the broadcast of the tour's Mexico City event, O'Neil hinted at upcoming structural changes but did not provide specifics. He suggested that these changes could involve new formats or business structures, possibly including team-based elements.O'Neil also downplayed speculation about the tour's financial health, stating that LIV Golf had secured almost $500 million in sponsorships last year from major brands like Rolex, HSBC, and Aramco. He emphasized the tour's global appeal, particularly in markets such as Australia and Asia, where it has attracted significant interest.While acknowledging that fundraising may be necessary, O'Neil expressed optimism about the tour's trajectory, suggesting that continued revenue growth could mitigate the need for external funding. He concluded by stating that LIV Golf is poised for long-term success and will continue to evolve in the coming months.