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Next chief executive Simon Wolfson received a record pay package of £7.4m last year, up from £4.9m the previous year. His remuneration includes a basic salary of £967,000, a maximum annual bonus of £1.45m, and a long-term bonus of £4.7m. The pay increase comes as Next aims to align Wolfson's remuneration with industry standards, citing that his previous pay was 30% below the average for FTSE 100 bosses. The company's remuneration committee stated that the changes were necessary to retain and motivate its high-quality management team. Wolfson's pay package for this year could reach up to £9.27m, with his basic annual salary increasing by 3% to £1m, his maximum annual bonus rising to 200% of salary from 150%, and his long-term bonus potential increasing to 400% of salary from 225%. The changes are part of Next's efforts to ensure that its executive compensation is competitive and aligned with performance. The company's decision to increase Wolfson's pay comes on the back of Next's improved financial performance, with the retailer upping its profit guidance to £1.2bn for the year to January 2027 after better-than-expected sales in January.

The United States is experiencing a significant decline in its global influence, marked by a period of high-stakes brinkmanship with Iran. This downturn has exposed the limitations of the US's apocalyptic foreign policy, as Donald Trump's threat to Iranian civilization ultimately proved empty. The incident highlighted America's waning ability to shape global events and its increasingly isolated position on the world stage.As the US navigates these challenges, Patrick Wintour reflects on 21 intense hours in Islamabad where diplomats from Iran and the US convened without reaching an agreement. This episode underscores the difficulties in resuming negotiations to defuse the crisis and reopen the Strait of Hormuz.In a related development, Simon Tisdall argues that King Charles III should use his upcoming visit to Washington to deliver a dose of reality to US representatives, given the growing strain in US-UK relations. Meanwhile, the opposition to right-wing populism in Europe has gained momentum with Hungary's election ending 16 years of Viktor Orbán's government.The article also highlights other significant global developments, including the rise of Péter Magyar in Hungarian politics and the emergence of Marie-Louise Eta as the first woman to coach a men's team in one of Europe's top five football leagues.

The ongoing conflict in Iran has led to a significant increase in oil prices, with the world's top 100 oil and gas companies reaping enormous profits. In the first month of the war, these companies banked more than $30m every hour in unearned profit, according to exclusive analysis for the Guardian. This translates to estimated windfall profits of $23bn for the month of March, with Saudi Aramco, Gazprom, and ExxonMobil among the biggest beneficiaries.The surge in oil prices to an average of $100 (£74) a barrel has resulted in a substantial increase in profits for these companies. If the oil price continues to average $100, the companies are expected to make $234bn by the end of the year. The analysis uses data from a leading intelligence provider, Rystad Energy, analysed by Global Witness.The excess profits come from the pockets of ordinary people as they pay high prices to fill up their vehicles and power their homes, as well as from businesses incurring higher energy bills. Dozens of countries have cut fuel taxes to help struggling consumers, but this has resulted in reduced revenue for public services.Pressure is growing for windfall taxes on the war profits of oil and gas companies, with the European Commission considering a request from the finance ministers of Germany, Spain, Italy, Portugal, and Austria. The ministers argue that this would help ease the burden on the general public and finance temporary relief measures.Aramco is expected to make a war profit of $25.5bn in 2026 if the oil price averages $100. This is on top of the huge profits habitually made by the majority state-owned Saudi company – $250m a day between 2016 to 2023. ExxonMobil, which has a long record of denying climate change, will take in $11bn in unearned war profits in 2026 if the $100 price endures.The impact of the Iran war is likely to be long lasting, with the head of the International Energy Agency, Fatih Birol, describing it as the biggest shock ever to the global energy market. The UN's climate chief, Simon Stiell, warned that fossil fuel dependency is ripping away national security and sovereignty, and replacing it with subservience and rising costs.

In 2020, several nations—including the UK and India—announced ambitious bans on new internal‑combustion‑engine vehicles, while Norway already saw around 60% of new car sales being electric. Australia, however, remained on a different trajectory. Former Prime Minister Scott Morrison dismissed a Labor proposal for a non‑binding 50% electric‑vehicle target by 2030, claiming it would “end the weekend.” The Coalition ignored analyses suggesting that a robust emissions‑cut scheme could deliver a $14 billion net benefit by 2040, and later abandoned plans for an EV‑specific strategy. Five years on, the Albanese government has introduced a vehicle‑efficiency standard mandating annual reductions in average emissions from new cars. Though a long‑awaited move, the policy’s impact will be incremental rather than transformative. March saw a record number of Australians purchasing EVs, yet the market share remains modest—still under 15% of new car sales, up only slightly from 13% in 2025. With fuel prices soaring amid the Iran conflict, the majority of vehicles leaving showrooms are still powered by petrol or diesel, and many will stay on the road for the next 15‑20 years. One bright spot is the surge in second‑hand EV sales, which more than doubled last month despite a tiny baseline. Higher resale values are encouraging broader adoption by making electric cars financially accessible to a larger pool of buyers. Globally, electric vehicles accounted for roughly 25% of new car sales last year. In Australia, the price differential between comparable petrol and electric models averages around 20%, a significant barrier for many consumers. That gap is narrowing, and the potential savings for EV drivers are substantial. Data from energy analyst Simon Holmes à Court—using Amber electricity retailer figures—show that an EV can travel over 40 km per $1 of energy, whereas a conventional car manages less than 5 km per $1 of fuel. Amber’s own smart‑charging platform suggests the distance could reach 160 km per $1 under optimal conditions. Despite such evidence, Australian political discourse often struggles to envision a low‑fossil‑fuel future. Calls for expanded oil exploration, such as Queensland Premier David Crisafulli’s claim of a “sea of oil” in the Taroom trough, lack substantiation and would likely involve costly, long‑term development with uncertain returns. Compounding the issue, the mining sector—Australia’s biggest diesel consumer—receives a 52‑cent‑per‑litre rebate under a national fuel‑tax credit scheme, effectively subsidising over $1 billion annually for diesel use in coal mines. This incentive discourages investment in cleaner truck technologies, even as the safeguard mechanism attempts to curb emissions. Policy recommendations include tightening the vehicle‑efficiency standard to accelerate the shift toward cleaner cars, removing parallel‑import restrictions to boost the supply of affordable second‑hand EVs (as practiced in New Zealand), and reconsidering any road‑user charges on electric vehicles, which currently represent less than 2% of the total fleet. International examples offer guidance: China jump‑started its EV boom by issuing “green” licence plates and imposing hefty fees for fossil‑fuel plates, effectively raising the cost of owning a petrol car by up to $20,000. In sum, Australia’s delayed embrace of electric mobility not only hampers climate goals but also forfeits billions in economic gains. A decisive, well‑targeted policy overhaul could unlock significant consumer savings, reduce emissions, and align the nation with global EV trends.

Andoni Iraola has formally notified AFC Bournemouth that he will step down when his contract runs out at the close of the 2025‑26 campaign. The 43‑year‑old manager is expected to explore other Premier League opportunities over the summer.While a move back to his boyhood club Athletic Bilbao remains a possibility, the club’s preferred candidate to replace Ernesto Valverde appears to be former Borussia Dortmund boss Edin Terzic.At Bournemouth, the race to replace Iraola is already heating up. Marco Rose, who succeeded Terzic at Dortmund and most recently managed RB Leipzig, is widely tipped as the leading candidate. Kieran McKenna of Ipswich Town, despite being under contract until 2028, is also generating interest.Players were informed of Iraola’s impending exit after a Tuesday training session, ending months of speculation that kept his staff in the dark. The manager maintained regular contact with director of football Tiago Pinto and technical director Simon Francis throughout the 15‑month negotiation period.In a club‑issued statement, Iraola said, "I feel this is the right moment for me to step away, but I will always carry fantastic memories of this club." Bill Foley, Bournemouth’s owner and chair, praised Iraola’s impact, noting he brought “intensity, innovation, and a clear philosophy that elevated AFC Bournemouth both on and off the pitch.”Despite a recent victory over Arsenal and a push for the club’s best Premier League finish, Bournemouth accepted that retaining Iraola was unlikely. The board is now accelerating the search for a successor, with a new appointment expected within the next fortnight.Iraola’s tenure has been marked by historic achievements: last season he guided Bournemouth to a record points total, matching the ninth‑place finish recorded by Eddie Howe in 2016‑17. He also oversaw the sale of key players – Dean Huijsen, Illia Zabarnyi, Milos Kerkez, Dango Ouattara, and Antoine Semenyo – for a combined fee exceeding £250 million, demonstrating his ability to balance on‑field success with financial prudence.A former Athletic Bilbao full‑back with 510 appearances, Iraola has long expressed affection for the Basque side, though he has hinted he would prefer to preserve his legacy after a 12‑year playing career there.Crystal Palace publicly lauded Iraola after confirming manager Oliver Glasner’s departure, but most analysts agree the former will attract interest from larger clubs.Earlier this season, Iraola hinted to the Guardian that the campaign could be his last at Bournemouth, saying, "Sometimes there is a moment after some seasons where you feel maybe the message does not go the same way to the players."Bournemouth’s next fixture is against Newcastle United at St James’ Park, where manager Eddie Howe has yet to defeat his former club.

Australia announced that Lieutenant General Susan Coyle will assume the role of chief of the Australian Army in July, marking the first time a woman has held the post in the service’s 125‑year history.Coyle, currently chief of joint capabilities, brings nearly four decades of experience, including senior command roles in Afghanistan and the Middle East, and expertise in cyber‑warfare. She will succeed Lieutenant General Simon Stuart, who took the position in July 2022.Prime Minister Anthony Albanese hailed the appointment as a historic breakthrough, stating, "From July, we will have the first ever female chief of army in the Australian Army’s 125‑year history." Defence Minister Richard Marles called the move a "deeply historic moment" and emphasized its symbolic power: "You cannot be what you cannot see."The appointment arrives as the Australian Defence Force (ADF) intensifies efforts to raise female participation. Women currently constitute about 21 % of the ADF and 18.5 % of senior leadership roles, with a target of 25 % overall participation by 2030.In October, a class‑action lawsuit alleged that the ADF failed to protect thousands of women officers from systematic sexual assault, harassment, and discrimination, underscoring the urgency of cultural reform alongside the leadership change.Alongside Coyle’s promotion, Vice Admiral Mark Hammond, the incumbent chief of the navy, will become the head of the ADF, succeeding Admiral David Johnston. Rear Admiral Matthew Buckley is set to replace Hammond as navy chief.The army is also undergoing a major transformation, investing in long‑range firepower, drones, and other modern combat tools. Coyle’s background in cyber‑warfare is expected to bolster the force’s capability to operate in increasingly digitised battlefields.

Finding the perfect feel-good movie can be a daunting task, especially with the vast library of films available today. However, for the author, Hot Fuzz stands out as the ultimate comfort movie. Directed by Edgar Wright, Hot Fuzz is the second installment in his Cornetto trilogy, following Shaun of the Dead and preceding The World's End. The film tells the story of Sergeant Angel, a fish-out-of-water city cop who teams up with local PC Danny Butterman to investigate a series of mysterious deaths in the sleepy village of Sandford. It's a love letter to buddy cop movies and the action genre, featuring a star-studded cast including Simon Pegg and Nick Frost. The film's blend of humor, action, and smart writing makes it a standout. One of the key reasons Hot Fuzz remains endearing and enduring is its ability to respond to multiple needs. Whether you're looking for something funny, expertly crafted, explosive, thought-provoking, or simply to switch off to, Hot Fuzz delivers. The film's quotability and memorable lines, such as 'For the greater good' and 'It's just the one swan actually', have become ingrained in popular culture. The author's personal connection to the film adds to its significance. Hot Fuzz introduced them to Edgar Wright, whom they ended up writing their dissertation about. The film's impact extends beyond the screen, with its quotes and references frequently popping up in conversations. It's no wonder that Hot Fuzz has become a timeless classic, continuing to entertain audiences to this day. Hot Fuzz is available to rent digitally in the US, on ITVX in the UK, and on Binge in Australia.

Tucker Carlson, the former Fox News host, is set to launch his own publishing imprint, Tucker Carlson Books, in partnership with US-based publisher Skyhorse. The imprint aims to provide a platform for books that might otherwise be censored or shut down.Among the initial titles to be published are Russell Brand's How to Become a Christian in Seven Days, described as a "testimony and guide to a timeless, yet zeitgeist-capturing, grounded, yet psychedelic encounter with Christ." Brand is currently facing charges of rape, sexual assault, and indecent assault in the UK, to which he has pleaded not guilty.Another title set to be published is Milo Yiannopoulos's Ex Gay. Yiannopoulos, a controversial "alt-right" commentator, has previously been shunned by publishers due to his contentious views. His 2017 memoir, Dangerous, was canceled by Simon & Schuster after footage surfaced in which he made comments that appeared to condone sex between adult men and underage boys.Carlson, a former Trump supporter and promoter of right-wing conspiracy theories, was reportedly fired from Fox News in 2023. He soon launched his own media company, Tucker Carlson Network, and the imprint is being launched in partnership with this network.Skyhorse publisher Tony Lyons stated that the imprint will give "a platform to things that would, in many cases, be shut down, be censored, and be covered over by propaganda." Carlson emphasized that Lyons is "just looking for books that nobody else will publish."Skyhorse, which was launched in 2006, claims to be one of the fastest-growing independent book publishers in the US. Its previous publications include Woody Allen's memoir Apropos of Nothing and US Secretary of Health and anti-vaccine activist Robert F Kennedy Jr's The Real Anthony Fauci.

On a recent weekday evening, a special bus tour whisked art lovers through over twelve galleries and museums that stayed open until midnight, offering a late‑night glimpse of the Abidjan Art Week programme.The after‑hours event, dubbed the Night of the Galleries, was first trialled in January 2024 alongside the Africa Cup of Nations – a tournament that Côte d’Ivoire both hosted and won – and has become a staple of the festival’s third edition, which ran from Tuesday to Sunday.Since its inception, the week has broadened its footprint, moving beyond the city centre to include venues such as the La Rotonde des Arts contemporary‑arts hub in the Plateau district and the Adama Toungara Museum of Contemporary Cultures (MuCAT) in the working‑class neighbourhood of Abobo.Local collectors are emerging in force. MuCAT has hosted the Africa Foto Fair each year since 2022, and the Marché des Arts du Spectacle d’Abidjan – the city’s answer to the Dakar Biennale – is set to launch its 14th edition later this month.A graffiti festival launched two years ago has transformed the perception of street art, with vibrant murals now adorning the façade of the La Pyramide building and several upscale hotels in Plateau.Organisers stress that the festival’s growth should be independent of external validation. This year’s roster featured artists from Cameroon, the Democratic Republic of the Congo and Mali, and the number of participating galleries more than doubled compared with previous editions.Founder Yacouba Konaté, who also directs La Rotonde des Arts, highlighted the festival’s commitment to accessibility, arguing that art should not be seen as an elite pastime.The opening tribute honoured Simone Guirandou‑N’Diaye, a pioneering Ivorian art historian whose legacy lives on through Galerie LouiSimone Guirandou, now run with her daughter Gazelle.Among the week’s highlights, MuCAT presented Murmures d’Archives, a quieter, archival‑focused exhibition that concluded with an artists’ workshop and a DJ set.In the upscale Cocody district, New York‑based artist Ouattara Watts staged a solo show at Galerie Cécile Fakhoury, drawing the Ivorian diaspora into dialogue with the local scene. Watts explained that his work aims to transcend borders, describing it as “a vision that goes beyond any map – it is the cosmos that I paint.”