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Economy May 13, 2026

Three-quarters of UK millionaires would pay more tax, survey shows

A Survation poll of 501 UK millionaires finds 75% would support higher taxes to fund public assets,…
Survey Reveals Strong Patriotic Sentiment Among UK Millionaires The research, commissioned by Patriotic Millionaires UK and carried out by Survation, asked 501 individuals with assets over £1 million (excluding their homes) about their attachment to the United Kingdom and their willingness to fund public services through higher taxation. Key Numbers: Pride, Concern, and Tax‑Paying Willingness 88% of respondents agreed with the statement “I am proud to live in the UK”. 75% said they would be willing to pay more tax to ensure social, cultural, and economic assets are properly funded. 64% support increasing taxes on capital and assets of the wealthiest to reduce the overall tax burden. 43% identified doctors and other qualified health staff as the group whose departure would hurt the country most. 9% were most worried about other millionaires leaving the UK. Other concerns included young people and business owners, each cited by 19% of respondents as potential losses to the nation. Implications for UK Fiscal Policy and Political Landscape The findings arrive as the Labour Party grapples with internal leadership questions following disappointing local election results. Proposals from candidates such as Andy Burnham and Wes Streeting include raising capital gains tax to fund a 2p cut in national insurance. The willingness of a sizable share of the ultra‑wealthy to back higher taxes could provide political cover for such measures. Critics have pointed to reports of a “millionaire exodus”, but the survey notes that the alleged 16,500‑person outflow cited by Henley & Partners represents only 0.5% of the UK’s three‑million millionaires. What This Means for Future Tax Debates and Migration Trends If policymakers take the survey at face value, future tax reforms may encounter less resistance from the very demographic they target. Moreover, the emphasis on retaining medical professionals—highlighted by the departure of over 4,000 doctors in 2024—suggests that addressing sector‑specific retention could become a fiscal priority alongside broader tax policy. Analysts will watch whether the Labour leadership leverages this data to counter narratives of a fleeing elite and to justify progressive tax proposals ahead of the next general election.
#Patriotic Millionaires UK #Survation #Keir Starmer
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Politics May 13, 2026

Iran Labels UAE a ‘Hostile Base’ Amid Growing Gulf Tensions

Iran has reclassified the United Arab Emirates from a neighbour to a “hostile base,” warning of str…
Iran has intensified its war rhetoric against the United Arab Emirates, reclassifying the Gulf state from “neighbor” to “hostile base” and warning of stronger strikes if the United States and Israel resume attacks. The shift reflects Tehran’s broader strategy to pressure the UAE over its military ties with Washington and Jerusalem, and to deter the use of Emirati ports for operations against Iran.Iran Elevates UAE to ‘Hostile Base’ in War RhetoricParliamentary security commissioner Ali Khezrian announced on state television that the “label of ‘neighbors’ … has been lifted, and the label of ‘hostile base’ has been set for the country.” The joint command of the Khatam al‑Anbiya headquarters echoed the sentiment, accusing the UAE of turning its territory into “the den of Americans and Zionists.”The IRGC further warned that the UAE’s deepening military, political and intelligence links with the US and Israel constitute “regional insecurity” and threatened a “crushing and regret‑inducing response” to any further attacks on Iran’s southern islands and ports.Key Chronology and Claims Since the Conflict Began28 Feb 2026 – War erupts; Iran and the US exchange fire in the Strait of Hormuz.Early Mar 2026 – IRGC statements label the UAE a “hostile base.”Mid‑Mar 2026 – Iranian forces claim the UAE’s port of Fujairah lies within Iran‑controlled maritime zones.Early Apr 2026 – Iranian media circulate images suggesting UAE Mirage‑2000‑9 jets over southern Iran.8 Apr 2026 – Iran launches missiles and drones primarily against the UAE following alleged strikes on Iranian oil facilities.Regional Repercussions: How Tehran’s Targeting of the UAE Reshapes Gulf DynamicsThe escalation threatens to widen the conflict beyond the Iran‑Israel front. The UAE has responded by terminating Iranian visas, shutting Iranian businesses, and reinforcing its own defence posture, including the deployment of Iron Dome systems. Tehran’s attempt to reroute imports through land corridors via Pakistan, Iraq and Turkey underscores the economic fallout of a maritime blockade.Moreover, the dispute over the Tunb islands and Abu Musa, held by Iran since 1971, adds a territorial dimension that could draw other Gulf states into a broader confrontation.What’s Next? Potential Escalation Paths and Diplomatic CalculusAnalysts warn that if the United States and Israel resume overt operations, Iran may intensify missile strikes on UAE infrastructure, especially ports that facilitate “American and Zionist” logistics. Conversely, diplomatic pressure from the Abraham Accords partners could push the UAE to seek a de‑escalation framework, leveraging its economic ties with both Tehran and the West.Key variables to watch:U.S. policy shifts regarding direct engagement with Iran.Israel’s willingness to deepen military cooperation with the UAE.Iran’s capacity to sustain land‑based supply routes amid rising food inflation.In the short term, the Gulf is likely to see heightened alert levels, increased naval patrols, and a diplomatic push for a multilateral cease‑fire that explicitly addresses the UAE’s role in the conflict.
#Iran #United Arab Emirates #IRGC
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World Wide May 13, 2026

Ukraine Strikes Deep into Russia in Retaliation for Deadly Attacks

Ukraine has struck gas facilities in southwest Russia's Orenburg region, more than 1,500km from the…
Ukraine's Long-Range Retaliation Strikes Russian Gas InfrastructurePresident Volodymyr Zelenskyy confirmed that Ukraine has targeted gas facilities in Russia's Orenburg region, located more than 1,500km (932 miles) from the Ukrainian border. The attack represents a significant escalation in the conflict, demonstrating Ukraine's capability to strike deep within Russian territory.Zelenskyy framed the operation as symmetrical retaliation, stating: "Ukraine has said that we will act symmetrically in response to Russia." The Orenburg region is home to one of the world's largest gasfields and contains industrial infrastructure considered vital to Russia's military and economy.Russian Governor Evgeny Solntsev claimed that nine Ukrainian drones were repelled over the region, though fragments from the downed drones damaged a residential building, a school, and a kindergarten, without causing any injuries.Escalation After Failed Ceasefire: Six Dead in Russian AttacksUkraine's latest attacks on Russia came hours after Moscow launched a series of overnight assaults on Ukrainian territory, killing six people in the Dnipropetrovsk region. The violence occurred as the three-day ceasefire brokered by US President Donald Trump came to an end.The pause in hostilities had coincided with Russia's Victory Day celebrations, marking the Soviet defeat of Nazi Germany in World War II. Ukrainian Foreign Minister Andrii Sybiha revealed that Kyiv had offered to extend the ceasefire, but Moscow refused.Zelenskyy reported that Ukraine had been attacked by more than 200 drones, which damaged energy facilities, apartment buildings, a kindergarten, and a civilian train. He added that drones had been intercepted across six regions.Geopolitical Shifts: Russia's Nuclear Posturing and Peace Talk DevelopmentsOn Tuesday, Russia tested its new nuclear-capable intercontinental missile, which President Vladimir Putin described as the "most powerful" nuclear missile in the world, capable of traveling more than 25,000 kilometres (15,534 miles). Putin claimed the weapon "has the ability to penetrate all existing and future anti-missile defence systems." Analysts have previously accused Putin of exaggerating Russia's military capabilities.The Kremlin has suggested the war in Ukraine, which began more than four years ago, is nearing its end. Spokesperson Dmitry Peskov stated: "This accumulated groundwork in terms of the peace process allows us to say that the completion is indeed approaching." However, Zelenskyy disagreed, warning that Ukraine was preparing for further attacks: "Russia has no intention of ending this war. And we are, unfortunately, preparing for new attacks."European Union foreign policy chief Kaja Kallas interpreted Putin's comments as a sign of weakness: "What his statement really shows is that he's not in a strong position. So, I think there's an opportunity for ending this war."Future Outlook: Stalemate or Breakthrough in the Conflict?Talks aimed at ending the conflict have so far failed to achieve significant breakthroughs, stalling in recent months. US President Donald Trump made ending what has become a war of attrition a key pledge during his 2024 election campaign. As he left for a trip to China, Trump told reporters: "The end of the war in Ukraine, I really think it's getting very close."The Kyiv Independent newspaper reported that Washington was attempting to negotiate another temporary ceasefire that would include sanctions relief for Russia. Ukrainian officials are reportedly concerned that the proposed agreement does not include security guarantees, which Kyiv views as essential to deterring future aggression from Moscow.
#Ukraine #Russia #Zelenskyy
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Sports May 13, 2026

Ruby Tui Backs France to End England's Seven-Year Trophy Hold

New Zealand legend Ruby Tui, who won the World Cup and Olympic gold, is backing France to beat Engl…
The Women's Six Nations Decider Ruby Tui, the New Zealand rugby legend, has expressed her support for France to win the Women's Six Nations grand slam decider against England. Tui, who has been working as a pundit for the BBC, believes that France has the potential to end England's seven-year trophy hold. Tui's Perspective on the Game Tui attended her first Six Nations match earlier this year and was impressed by the French team's performance. She highlighted their ability to turn the game around, citing their quarter-final match against Ireland at the World Cup, where they came back from 13-0 down to win 18-13. The Challenge for France Tui noted that France will have to find a way to keep England's Zoe Harrison quiet if they are to have a chance. However, she also acknowledged that England has been dealing with a significant number of injuries and absences, with over 10 players unavailable. The Impact of Injuries and Absences Tui praised England's ability to continue winning despite these challenges, stating that it is a testament to their world-class team. She emphasized the importance of having a strong bench and a deep pool of players to maintain standards. The Future of Women's Rugby Tui also expressed her admiration for the crowd numbers and attendance momentum in the Women's Six Nations. She credited the individual players for being a huge draw for supporters and emphasized the need for personalities and characters in the game. Tui's Potential Return to Rugby Tui, who hasn't played since the 2025 World Cup, has been having conversations with teams about a potential return. While she is not ruling out a comeback, she is focused on her media work, for which she has been nominated for several awards.
#Women's Six Nations #England Rugby #France Rugby
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Business May 12, 2026

US Workers Overwhelmingly Support Union-Backed AI Policies

A new poll reveals that over 90% of US workers support union-backed policies on artificial intellig…
The LeadA new poll by the AFL-CIO reveals that US workers overwhelmingly support pro-union policies on artificial intelligence, viewing labor unions as the most reliable protectors against AI's potential workplace impacts. The survey shows strong support for human oversight, transparency, and accountability in AI implementation.Union-Backed AI Policies Garner Strong Worker SupportThe poll, conducted with David Binder Research from April 14-22, surveyed 1,588 workers across the United States and found remarkable consensus on AI workplace policies. More than nine out of ten workers surveyed expressed support for policies that labor unions may advocate for, including:95% support requiring a human to be the final decision maker on issues affecting individual workers and their employment92% support advanced guardrails against harmful uses of AI in workplaces94% believe workers should be informed if AI is monitoring their work75% support expanding opportunities for workers to form unions to protect their jobs from AITrust in Unions vs. Other InstitutionsWhen asked which institutions they trust most to protect workers from AI, 38% of workers selected labor unions, significantly more than any other option. Only 17% chose Democrats, 10% Republicans, 6% employers, and 18% selected none of the options. This data indicates a clear preference for worker representation through collective bargaining rather than traditional political channels or corporate oversight.Current AI Implementation and Worker ConcernsThe poll revealed a significant gap between AI implementation in workplaces and transparency to workers. Only 7% of workers reported that their employers disclosed how and when their work is monitored by AI, while 70% said their employers have not disclosed this information. Despite this lack of transparency, 78% of workers rated it as extremely or very important that action be taken to protect them from potential AI harms.Real-World Examples of AI Protection EffortsThe poll results align with recent labor actions where workers have successfully negotiated AI protections in collective bargaining agreements. Anna Iovine, former unit chair of the Ziff Davis Creators Guild, noted how their union won AI protections in their 2024 contract, including editorial integrity safeguards, transparency requirements, and protections against layoffs due to AI implementation. Similarly, Hannah Drummond, a registered nurse with National Nurses United, fought to include AI provisions in her contract to ensure technology affecting patient care would require union approval and wouldn't undermine professional judgment.Future of Labor Relations in the AI Era"These results make it clear: our Workers First Initiative on AI is not just a set of principles, but a mandate to deliver," said Liz Shuler, president of the AFL-CIO. The strong worker support for union-backed AI policies suggests that labor movements will play a central role in shaping how AI is implemented in workplaces. As AI continues to transform industries, collective bargaining agreements may become the primary mechanism for ensuring technology serves workers rather than displacing them. The poll indicates a clear mandate for labor unions to take the lead in establishing workplace AI governance frameworks that prioritize human oversight, transparency, and worker protections.
#AFL-CIO #AI #labor unions
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Tech May 12, 2026

Google adds Gemini-powered Dictation to Gboard, which could be bad news for dictation startups

Google has launched Rambler, an AI-powered voice dictation feature for its Gboard Android keyboard …
The Lead: Google Enters Dictation Market with RamblerGoogle has announced Rambler, a new AI-powered voice dictation feature for Gboard, its widely used Android keyboard app. The launch puts Google in direct competition with a growing crop of AI-powered dictation apps like Wispr Flow and Typeless, most of which have yet to establish a strong foothold on Android.The Technical Breakthrough: Gemini-Powered Multilingual DictationRambler removes filler words like "ums" and "ahs" and understands mid-sentence corrections. The feature uses Gemini-based multilingual models that support code switching, allowing users to move between languages mid-sentence without losing context. This capability reflects how many multilingual speakers actually communicate, addressing a gap that most Western dictation apps have been slow to support.Privacy and Distribution StrategyGoogle has emphasized that Gboard will clearly indicate when Rambler is in use and doesn't store any voice recordings, using audio only for transcription. The company uses a combination of on-device and cloud-based processing to ensure features are "safe and private." The core advantage for Google is distribution: Gboard is the default keyboard for the vast majority of Android users worldwide, meaning Rambler arrives pre-installed for hundreds of millions of people.Market Disruption for Dictation StartupsUntil now, most dictation app development has focused on desktop and iOS, leaving Android relatively underserved. Google's move to close this gap with Rambler puts pressure on standalone apps like Wispr Flow, Willow, SuperWhisper, Monoglogue, Handy, and Typeless. When a platform player enters a market at the operating-system level, standalone apps need a compelling reason—better accuracy, deeper features, or stronger privacy guarantees—to justify a separate download.Future Outlook: The Dictation App ChallengeFor dictation startups, the question is no longer whether they can build something good—it's whether they can build something good enough that users actively go looking for it. With Rambler being limited initially to Samsung Galaxy and Google Pixel phones before expanding to other Android devices, standalone dictation apps will need to differentiate themselves significantly to survive in an increasingly competitive market.
#Google #Gemini #Gboard
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Tech May 12, 2026

Threads Pilots Meta AI Replies, Echoing X’s Grok Feature

Meta is beta‑testing an AI integration on Threads that lets public users summon Meta AI in posts an…
Meta AI Integration Enters Beta on ThreadsOn May 12, 2026, Meta announced that Threads is testing a new feature that allows users to mention @meta.ai for instant, AI‑generated replies. The move positions Threads as a hybrid social‑news platform where information and conversation coexist.Beta Rollout Across Five Test MarketsCountries: Malaysia, Saudi Arabia, Mexico, Argentina, SingaporeEligibility: Public accounts onlyInvocation: Mention @meta.ai in a post or replyResponse: Public reply authored by the @meta.ai account, matching the language of the original postEarly prompts include queries like “why are people talking about the World Cup this month?” and “how are the Knicks doing in the playoffs?”Geographic Scope and Early Adoption Metrics5 countries participating in the betaFeature limited to public accounts during the test phaseMeta promises real‑time trend context, breaking‑story summaries, and personalized recommendationsWhile no user‑count figures are disclosed, the multi‑regional launch suggests Meta is gauging diverse linguistic and cultural responses.Implications for Social Media AI CompetitionThe Threads integration directly mirrors X’s Grok, which has already faced controversy over extremist content. Meta emphasizes stronger safeguards, but the public visibility of AI replies raises similar moderation challenges. Users can mute @meta.ai, mark replies as “Not interested,” or hide them entirely, giving them control over AI exposure.Future Expansion and Potential ChallengesMeta says it will refine the experience based on early feedback before a broader rollout. Key factors shaping the next phase include:Effectiveness of content filters in preventing misinformation or hate speechUser adoption rates once the feature leaves betaCompetitive response from X and other platforms integrating AI chatbotsIf safeguards hold up, Threads could become a go‑to hub for on‑the‑fly fact‑checking and recommendations, blurring the line between social feed and AI assistant.
#Meta #Threads #Meta AI
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Sports May 12, 2026

Narváez Claims Giro d'Italia Stage Four Victory as Ciccone Takes Pink Jersey

Ecuador's Jhonatan Narváez powered to victory in stage four of the Giro d'Italia, while Italian rid…
The Lead: Race Shakeup in Italian AlpsEcuador's Jhonatan Narváez (UAE Team Emirates XRG) powered to the line, claiming victory on stage four of the Giro d'Italia, outpacing Orluis Aular, with home rider Giulio Ciccone taking over the leader's pink jersey after crossing the line in third. The first shakeup in this year's race coincided with its arrival home in Italy following the opening three stages in Bulgaria.The Technical Breakthrough: Mountain Classification ShiftThe 138km ride from Catanzaro to Cosenza only kicked into gear when the stage reached the foot of the long climb to Cozzo Tunno, 80km into the day, and the peloton was broken up, leaving a reduced bunch of 40 riders to fight for the stage. This mountain section proved decisive as the race favorites were separated from the main pack.The Standings Analysis: Four-Second AdvantageThe four bonus seconds Ciccone picked up for finishing third was enough to lift him into the overall lead, four seconds ahead of Jan Christen, Florian Stork and Egan Bernal. This narrow margin sets up a tightly contested race for the remainder of the 109th edition of the Giro.The Race Dynamics: Italian Rider Takes ChargeWith the race now fully on Italian soil, the home crowd celebrated as Ciccone seized the pink jersey. The transition from Bulgarian stages to Italian terrain has clearly favored the climbers, with the reduced field in today's stage indicating that the general classification contenders are beginning to emerge.The Future Outlook: Mountain Challenges AheadWednesday's fifth stage could further shake up the general classification standings. It features nearly 4,000 meters of climbing and hardly any flat sections on the 203km route from Praia a Mare to Potenza. With the race now entering its mountainous phase, riders like Ciccone will need to defend their positions against stronger climbers as the Giro progresses toward its conclusion in Rome on May 31.
#Giro d'Italia #Jhonatan Narváez #Giulio Ciccone
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Politics May 12, 2026

French Film Industry at Risk from Far Right Influence, Warns 600 Cinema Professionals

Over 600 French cinema professionals have issued a warning about the growing influence of far-right…
The Growing Concern in French Cinema More than 600 cinema figures have signed an open letter warning that the growing influence of the far right on French cinema production risks turning into a "fascist takeover of the collective imagination." Published in the newspaper Libération to coincide with the opening of the Cannes film festival, the letter specifically targets billionaire Vincent Bolloré's dominant position in French film production and distribution. The Power of Vincent Bolloré's Media Empire Bolloré, a conservative industrialist with powerful media connections, controls Canal+ and its in-house production operation, StudioCanal, which is Europe's leading film and television production and distribution group. His recent films include the Amy Winehouse biopic "Back to Black" and "Paddington in Peru." The letter expresses alarm that Canal+ has taken a stake in UGC, the third-biggest network of French cinemas, with a view to fully owning it in 2028. The Political Landscape and Its Cultural Impact The protest comes amid rising influence of Marine Le Pen's far-right National Rally (RN) in French politics, with uncertainty about potential funding cuts to the arts. MPs for the RN have questioned the model of public funding and tax breaks that bolster the film industry through the Centre National du Cinéma (CNC). The party has also been highly critical of France's public broadcaster, France Télévisions, which is a key financier of film, drama and documentaries. Industry Response and Future Concerns This protest follows similar actions by writers who quit the publishing house Grasset in protest against Bolloré's control of its parent company, Hachette Livre. The film industry figures fear that Bolloré might take advantage of his dominant position to influence film content, warning that "the only thing still being financed will be propaganda films that serve an ideology." They called on the wider film industry "to build a movement" that would defend independence. The Broader Implications for French Culture The unprecedented concentration of the financing chain in the hands of Vincent Bolloré gives him total liberty of action when the moment comes, according to the letter. The protest highlights growing concerns about the intersection of media ownership, political influence, and cultural production in France, particularly as the country approaches a presidential election where the far-right is polling strongly.
#Vincent Bolloré #French Cinema #Canal+
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