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Sports Mar 26, 2026

Prem Rugby Introduces £5.4m Minimum Salary Floor for Clubs

Prem Rugby has introduced a minimum salary floor of £5.4m for each club next season as part of its …
Prem Rugby is set to introduce a significant change to its financial structure by implementing a minimum salary floor of £5.4m for each club next season. This move is part of a broader strategy to enhance competitiveness within the league. The decision was made by the Rugby Football Union Council last month, which also included the decision to ringfence the existing 10-team Prem until the 2029-30 season.The introduction of the salary floor is a key component of Prem Rugby's growth plan, which includes expansion windows every four years. This means that up to two new clubs could join the league, provided they meet the required minimum financial and sporting standards. The first tender process for new clubs is slated for 2027, with potential new members possibly joining Champ Rugby the following season and moving up to Prem Rugby in 2028-29 if they reach the playoffs.Prem Rugby's chief executive, Simon Massie-Taylor, emphasized that the league's vision is to become the best league in the world. However, this does not mean exceeding the financial capabilities of other leagues and creating wage inflation. The new salary floor is £1m lower than the current cap, which will remain unchanged for next season. Massie-Taylor highlighted that any future increases to the salary cap will be based on a formula as part of financial control measures.As part of its growth strategy, Prem Rugby also aims to host several 'Big Games' to appeal to a wider fanbase. The ambition is to have 10 Big Games by 2030, including the final and potential neutral playoffs. One example of this initiative is England's game against Fiji at the Hill Dickinson Stadium in Liverpool this summer, which could set a precedent for future events.
#Premiership Rugby #£5.4m salary floor #club budgets
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World Economy Mar 26, 2026

Iran War Creates Complex Crossroads for Global Clean Energy Transition

The Iran war has triggered the worst oil crisis in history according to the IEA, creating complex i…
The deadly conflict in Iran has precipitated what the International Energy Agency describes as the worst oil crisis in history, creating a complex situation for global clean energy efforts. While climate advocates are calling for accelerated transition away from fossil fuels, the war simultaneously presents both opportunities and significant challenges for renewable energy development.US-Israeli strikes on Iran have critically disrupted supply routes through the Strait of Hormuz, a maritime channel through which 20% of global oil flows. The conflict has also seen direct attacks on fossil fuel infrastructure by all parties involved, creating additional market shocks and uncertainty.Interestingly, reduced reliance on oil and gas is proving beneficial for some regions navigating the ongoing fuel crisis. As Jan Rosenow, a professor of energy at Oxford University, explains: Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free.Countries with substantial renewable energy investments are demonstrating greater resilience. Spain and Portugal have witnessed electricity prices decline in recent weeks, while Pakistan has experienced a surge in rooftop solar installations over the past five years, helping the nation weather oil and gas market disruptions.The electric vehicle revolution is also providing some economies with protection against gasoline price increases. In China, more than 50% of all new cars sold are electric, while in Nepal, that figure reaches an impressive 70%.However, the war is creating near-term challenges that could impede clean energy growth. The conflict has disrupted transport routes for metals essential in solar panel construction, particularly aluminum. The Middle East accounts for approximately 9% of global aluminum production, and regional producers have begun scaling back operations amid the hostilities.Furthermore, the inflationary pressures stemming from the conflict pose significant hurdles for renewable energy projects, which require substantial upfront investment for construction, equipment, and installation.Paradoxically, the war and resulting energy shocks have provided a short-term boon for fossil fuels, including coal. Many Asian countries heavily reliant on imported liquefied natural gas (LNG) are burning more coal to meet energy demand as LNG supplies through the Strait of Hormuz become constrained.The conflict has also incentivized increased oil and gas drilling and exploration, as countries scramble to replace disrupted LNG supplies and higher prices make previously unviable projects economically viable. US company Venture Global recently announced a new five-year contract to supply LNG, while Canadian energy company TC Energy indicated that Iran war disruptions are increasing the likelihood of expanding a massive LNG export facility.The Trump administration has further incentivized oil expansion, recently announcing plans to pay a French company $1 billion to abandon offshore wind farm projects in favor of fossil fuel initiatives.Experts propose various policy responses to encourage the green transition during this crisis. Rosenow advocates for tax reform to reduce the disproportionate burden on electricity compared to gas. Professor Gregor Semieniuk suggests imposing windfall taxes on oil and gas companies during the war, while Lauren Pagel of Earthworks calls for ending fossil fuel subsidies and making polluters pay for their environmental impact.Despite the current challenges, Kingsmill Bond, a strategist for the energy thinktank Ember, maintains that this crisis could ultimately accelerate the clean energy transition: This is the first oil shock in history where oil faces a superior alternative. Solar, wind and EV are cheaper, local, faster to deploy, and huge.
#energy #war #oil
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World Economy Mar 26, 2026

Co-op CEO Steps Down Amid Cyber-Attack Fallout and Toxic Culture Claims

The Co-op Group's CEO, Shirine Khoury-Haq, is stepping down after a difficult year marked by a cybe…
The Co-op Group has announced that its chief executive, Shirine Khoury-Haq, will step down this weekend after a challenging year that included a cyber-attack and recent claims of a “toxic” culture at the business.Khoury-Haq will depart on 29 March, and Kate Allum, a board member and former boss of the dairy group First Milk, will step in as interim boss while a permanent replacement is sought.The company, which owns more than 800 funeral parlours and an insurance and legal advisory business, as well as operating more than 2,000 convenience stores, reported an underlying loss of £125m. This is a significant drop from a £45m profit the year before, largely due to a £107m profits hit from the damaging IT hack.Khoury-Haq denied that her resignation was linked to the allegations of a toxic culture, stating that her decision to leave was a personal one. She expressed her desire to “go and do something else”.Sales at Co-op fell 2.3% to £11bn in the year to 3 January, following the mutual’s shops being left with gaps on shelves after the cyber-attack, which knocked £285m off sales.The group cited a “contracting convenience market” and “layered cost headwinds” of about £150m during the year, due to increases in employers’ national insurance, pay and packaging taxes.Khoury-Haq’s departure comes a month after reports of concerns about the culture at the top of the group. In February, the Co-op defended the behaviour of its bosses after reports said senior managers had complained of a “toxic” environment at the retailer.
#co-op #culture #year
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World Economy Mar 25, 2026

Iran Conflict Threatens EU and UK Offshore Wind Projects with Delays

The ongoing conflict in Iran is posing a threat to large offshore wind projects in the EU and UK, p…
The Iran war is threatening to disrupt shipping of crucial parts manufactured in the Gulf, potentially delaying large offshore wind projects in Europe. Industry sources are concerned that components ordered from suppliers in the United Arab Emirates could become trapped if shipping remains effectively blocked through the strait of Hormuz.These projects include two giant offshore windfarms planned for UK waters, as well as a series of projects that will supply offshore wind power to Germany and the Netherlands. The UK windfarms, which will lie off the coast of Norfolk, were each awarded a 20-year support contract from the British government just a month before Iran effectively closed the strait of Hormuz.The developer behind the plans, the German renewables group RWE, has contracted a Dubai-based company to deliver more than 180 components from its UAE fabrication yard while the windfarms are constructed. The windfarms are expected to supply the equivalent of about 4m UK homes before the end of the decade, meaning they would play an important part in supporting Britain’s aim to quadruple offshore wind capacity by 2030.A spokesperson for RWE said it had begun liaising closely with its supply chain partners amid the Middle East conflict, which has included airstrikes against key infrastructure. “Our primary focus is the safety of those working in the area,” they said. “To date there has only been a limited effect on our supply chain partners’ activities, but we are monitoring the situation closely and putting mitigation plans in place should the situation continue for a prolonged period.”The shutdown of the strait may also have an impact on a large project by the transmission operator TenneT that will link offshore wind projects in the German North Sea to mainland Germany. The company has contracted a UAE fabrication yard to deliver structural steel components, including a 5,461-tonne jacket foundation built for the BorWin6 high-voltage transmission project.
#supply #offshore #projects
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Environment Mar 24, 2026

Rare Twin Births Mark Conservation Victory for Endangered Mountain Gorillas in DRC

Conservationists in the Democratic Republic of the Congo are celebrating a second set of rare mount…
A second set of mountain gorilla twins has been born in Virunga National Park in the Democratic Republic of the Congo (DRC), marking what conservationists are calling an extraordinary event for these endangered primates.Just two months after twin mountain gorillas were discovered by rangers in the Virunga massif in eastern DRC, another rare twin birth has been found by park wardens. This time, an infant male and female have been spotted in the Baraka family, a troop of 19 mountain gorillas that roam the region's high-altitude rainforests.Park rangers have placed the young primates under additional monitoring to help them through the critical initial months, as the infants face significant challenges to becoming fully grown adults. Twins are extremely rare in mountain gorillas, accounting for less than 1% of births, and place extra demands on the mother.The gorilla subspecies, found in only two isolated pockets of the Virunga massif and the Bwindi Impenetrable National Park in southwest Uganda, has high rates of infant mortality, with about a quarter falling victim to disease, trauma or infanticide.In January, Virunga National Park announced that a female mountain gorilla called Mafuko had given birth to twins. The infant males are now 11 weeks old and said to be thriving, with other gorillas in the troop taking extra care of the mother to support her caregiving, according to rangers. Park authorities believe that twin births are more likely when females are in particularly good physical condition.Jacques Katutu, the head of gorilla monitoring at Virunga, said: "Two instances of twin births within three months is an extraordinary event and provides another vital indicator that dedicated conservation efforts, which have continued despite the current instability in eastern Congo, continue to support the growth of the endangered mountain gorilla population within Virunga National Park."Specialist veterinary care has played a leading role in the revival of the subspecies. In Rwanda, Uganda and the DRC, organizations such as the Gorilla Doctors have prevented dozens of deaths by helping animals affected by human behavior, such as by releasing gorillas accidentally caught in poachers' traps. One study attributes half of the mountain gorillas' population increase to the vets.Barely 250 mountain gorillas were left in the 1970s, and many thought the animals faced extinction. Decades of intense conservation work helped population numbers surpass 1,000 in 2018, and conservation authorities have since downgraded the subspecies' status from critically endangered to endangered.The DRC section of the Virunga mountain range remains one of the most dangerous places in the world for wildlife rangers. Over the past 20 years, more than 220 rangers have been killed in the park, where rebel groups such as M23 and other militias, as well as bandits, operate with impunity.
#Mountain Gorillas #Virunga National Park #Democratic Republic of the Congo
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Stage Mar 24, 2026

Celebrating Dario Fo: The Playwright Who Merged Politics and Comedy

The article celebrates the 100th birth anniversary of Dario Fo, a renowned Italian playwright known…
Dario Fo, born 100 years ago, was a multifaceted genius who seamlessly blended politics and comedy in his works. As a dramatist, actor, director, and designer, he brought satire to the masses, achieving a global reach with plays like Accidental Death of an Anarchist and Can't Pay? Won't Pay!, which justly earned him the Nobel Prize in Literature in 1997.Fo's background was marked by his involvement in wartime resistance against the Nazis in northern Italy, where he helped smuggle Allied soldiers across the border to Switzerland. His career in entertainment began with a weekly TV variety show that attracted huge audiences, but was abruptly ended due to his refusal to accept censorship.Fo's theatre company, Nuova Scena, gave the first performance of Mistero Buffo, his one-man show that satirized the Catholic Church. The show was condemned by the Vatican as 'the most blasphemous show in the history of television.'Fo's plays injected new life into political theatre, with Accidental Death of an Anarchist being a notable example. The play derived from a real-life case of a railway worker falsely accused of planting bombs and who 'fell' out of a police HQ window. The play's 2023 revival at the Sheffield Crucible, which transferred to the West End, showcased its timeless relevance, with Daniel Rigby's performance being 'breathlessly funny.'Fo's works provided actors with memorable roles, such as Griff Rhys Jones' virtuoso performance in Trumpets and Raspberries. His approach to comedy was rooted in tragedy, using laughter as a means to make audiences confront problems like cruelty, injustice, and oppression.Throughout his career, Fo faced significant harassment, including 45 prosecutions from the Italian police, and physical intimidation from both the Catholic Church and the Communist Party. Despite this, his legacy as a master of merging politics and comedy endures.
#who #his #one
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Sports Mar 24, 2026

Antoine Griezmann Makes Historic Move to Orlando City in MLS

Antoine Griezmann, the 35-year-old French attacker, is leaving Atlético Madrid to join Orlando City…
Orlando City SC has officially signed Antoine Griezmann, the renowned French attacker from Atlético Madrid, in a landmark deal that marks a significant moment for the club, the city, and Major League Soccer (MLS). The 35-year-old Griezmann has agreed to a contract that runs from July 2026 through the 2027-28 season, with an option for the 2028-29 season. While financial terms of the deal have not been disclosed, Griezmann's arrival is seen as a major coup for Orlando City, reflecting the club's ambition and commitment to building a championship-caliber roster. Mark Wilf, team owner and chair of Orlando City, expressed his excitement about Griezmann's signing, highlighting his status as one of the most gifted and influential players of his generation. Wilf emphasized that Griezmann's decision to join Orlando City underscores the club's mission and culture, as well as its focus on consistently competing at a high level. Griezmann will join Orlando City as a designated player when the MLS secondary transfer window opens in July, pending medical clearance and the receipt of his international paperwork. He will be part of a team that has had a challenging start to the 2026 season, with four losses in their first five games, leading to the sacking of head coach Óscar Pareja in March. The French attacker expressed his enthusiasm for this new chapter in his career, citing the strong ambition and clear vision of Orlando City. Griezmann, who has 211 goals across all competitions for Atlético Madrid, is the club's all-time leading scorer. He has also had a distinguished career with 298 goals and 132 assists in 792 professional appearances in Spain. Griezmann's move to Orlando City sets him up for a new challenge in MLS, where he will be part of a growing rivalry with Lionel Messi's Inter Miami. His addition is expected to bring leadership, creativity, and a winning mentality to the team, making this a statement signing for the club and its ownership group.
#griezmann #orlando #atl
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Sport Mar 24, 2026

Mikaela Shiffrin on Brink of Record-Breaking Sixth World Cup Title

Mikaela Shiffrin is on the verge of securing her sixth overall World Cup title, a women's record, a…
Mikaela Shiffrin is poised to make history by claiming her sixth overall World Cup title, tying the women's record held by Austrian legend Annemarie Moser-Pröll. The American skier dominated the slalom event on Tuesday, securing her ninth win in 10 World Cup starts this season, a remarkable achievement that has placed her on the brink of success.Shiffrin's victory, which came with a substantial margin of 1.32 seconds over Wendy Holdener, earned her 100 points in the overall standings. Meanwhile, Emma Aicher's third-place finish kept her within striking distance, trailing Shiffrin by 85 points with only the season-ending giant slalom race remaining.Shiffrin's impressive performance has been a highlight of the season, with her ninth win in slalom events setting a new single-season record in 60 years on the circuit. Her consistent dominance in slalom has also secured her ninth career slalom season title.The final race on Wednesday presents Aicher with a challenging task: she must win to keep her title hopes alive, while Shiffrin can seal the overall title with a top-15 finish that would earn her at least 16 points. Shiffrin's odds are significantly in her favor, given Aicher's lack of experience in World Cup giant slalom events, where Aicher's best finish is fourth place.Shiffrin's achievements extend beyond her current season; her 110th career race win on Tuesday solidifies her position as the skier with the most World Cup victories, surpassing Ingmar Stenmark's record of 86 wins.“This season has been so exciting, quite like a whirlwind,” Shiffrin reflected. “I’m grateful for it.”
#shiffrin #world #cup
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World Economy Mar 24, 2026

UK Ministers Warn Against Increased North Sea Drilling Amid Fossil Fuel Volatility

UK ministers have cautioned against expanding North Sea drilling, citing the risks of volatile foss…
UK ministers have issued a stern warning that increasing North Sea drilling would leave the country vulnerable to the fluctuations of fossil fuel markets. This cautionary stance comes as the Conservatives and some Labour MPs are advocating for a reversal of the manifesto commitment to not issue new oil and gas licences.Energy Minister Michael Shanks emphasized that the UK is learning from past conflicts to avoid exposure to fossil fuels, which have previously led to households bearing the brunt of price hikes. The government's focus is on clean power to achieve energy sovereignty and national security.Chancellor Rachel Reeves is set to outline plans to protect people from higher energy bills caused by the US-Iran conflict. The plans include measures to clamp down on price gouging, especially by petrol retailers responding to the conflict.Ed Miliband, the energy secretary, stressed that dependence on fossil fuel markets makes the UK a price taker, not a price maker. He argued that new licences in the North Sea would not affect prices and that scrapping the windfall tax would only increase energy company profits.The Labour Party has raised concerns about the impact of increased drilling on the environment and the economy. Claire Coutinho, the shadow energy secretary, argued that turning away from domestic gas would be detrimental, especially during a gas supply crisis.The government spokesperson highlighted the importance of £120bn of public investment in building homegrown energy, including nuclear power projects, to protect working people's bills for generations to come.
#energy #north #sea
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