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World Economy Apr 14, 2026

Evergrande Founder Hui Ka Yan Pleads Guilty to Fraud Charges

Hui Ka Yan, founder of China Evergrande, has pleaded guilty to charges including fundraising fraud,…
Evergrande's billionaire boss, Hui Ka Yan, has pleaded guilty to fraud charges after the collapse of the world's most indebted property developer. Hui, a former steelworker who rose to become one of China's richest people, pleaded guilty to charges including fundraising fraud, misuse of funds, and illegally taking public deposits.The property group has defaulted on most of its $300bn liabilities since 2021, emblematic of China's property sector woes that have long dragged on economic growth. Evergrande's failure to repay billions of dollars of wealth management products unleashed frustration among the lower and middle classes, many of whom had investments wiped out, provoking protests and threatening social stability.Hui and the company also face charges of illegally extending loans, fraudulently issuing securities, and bribery by units, with verdicts to be handed down later. The maximum penalties for illegal fundraising include jail for life and confiscation of property, while bribery can also bring life terms.In 2024, China's securities regulator fined Hui $6.6m and barred him from the securities market for life, after finding Evergrande's leading business had inflated earnings and committed securities fraud. Hui's net worth was estimated at $45.3bn in 2017, but dropped to $3bn by 2023.
#china #evergrande #fraud
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Politics Apr 13, 2026

French Court Convicts Lafarge of Financing Terror Groups in Syria

A French court has convicted Lafarge, a French cement maker, of financing terror groups, including …
A French court has fined Lafarge, a French cement maker, more than €1m (£870,000) and sentenced its former boss, Bruno Lafont, to six years in prison for paying protection money to Islamic State and other terror groups to maintain its business in war-torn Syria from 2013 to 2014.The ruling follows a 2022 case in the United States in which Lafarge pleaded guilty to conspiring to provide material support to US-designated “terrorist” organisations and agreed to pay a $778m fine (£580m). This was the first time a company had faced the charge.The Paris court found that Lafarge, which is now part of the Swiss conglomerate Holcim, paid nearly €5.6m via its subsidiary Lafarge Cement Syria (LCS) to terror groups and intermediaries to keep its plant operating in northern Syria.The company’s former chief executive, Bruno Lafont, was sentenced to six years in prison for financing terrorism, which a judge ordered him to start serving immediately. Lafont’s lawyer said he would appeal.The presiding judge, Isabelle Prevost-Desprez, said: “This method of financing terrorist organisations, and primarily IS, was essential in enabling the terrorist organisation to gain control of Syria’s natural resources, allowing it to finance terrorist acts within the region and those planned abroad, particularly in Europe.”Lafarge established a “genuine commercial partnership with IS”, she said, which added to the “extreme gravity of the offences”.Lafarge had finished building a $680m factory in Jalabiya in 2010, just before Syria’s civil war erupted in March the following year amid opposition to the brutal repression of anti-government protests by the then president, Bashar al-Assad.While other multinational companies left Syria in 2012, Lafarge evacuated only its expatriate employees and left its Syrian staff in place until September 2014, when IS seized control of the factory.In 2013 and 2014, LCS paid intermediaries to access raw materials from the Islamic State organisation and other groups and to allow free movement for the company’s trucks and employees. It paid groups including Islamic State and Syria’s then al-Qaida affiliate Jabhat al-Nusra.
#Lafarge #Bruno Lafont #Islamic State
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Tech Apr 13, 2026

Meta Develops AI Version of Mark Zuckerberg for Employee Interactions

Meta is developing an AI version of Mark Zuckerberg to interact with employees, trained on his mann…
Meta, the company behind Facebook and Instagram, is reportedly working on an AI version of its CEO, Mark Zuckerberg. This AI clone is being trained on Zuckerberg's mannerisms, tone, and public statements to allow employees to interact with a digital version of their boss.The rationale behind this project is to make Meta's 79,000 employees feel more connected to one of the most influential figures in Silicon Valley. The AI character will be developed using images and the voice of Zuckerberg, with the CEO reportedly taking part in the training process.This move is part of Meta's broader effort to integrate AI into its business operations. The company aims to use AI to lower costs and accelerate work pace. Zuckerberg has emphasized the importance of efficiency, stating that the goal is to 'get more done' by elevating individual contributors and flattening teams.The development of this AI character follows Meta's previous experiments with digital avatars. In 2022, Zuckerberg shared his own avatar in the metaverse, which received public criticism for its graphic quality. The company has since scaled back its metaverse vision, focusing on AI-generated 3D characters for everyday conversations.Meta's investment in AI is part of a larger strategy to remain competitive with tech rivals. The company is pouring billions of dollars into AI research to create 'superintelligence,' a system capable of performing any cognitive task far better than a human.
#Meta #Mark Zuckerberg #Large Language Model
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Sports Apr 12, 2026

Tyson Fury Dominates Makhmudov in London Comeback, Issues Bold Challenge to Anthony Joshua

Tyson Fury returned to the ring with a decisive unanimous‑decision victory over Arslanbek Makhmudov…
Tyson Fury made a triumphant return to the ring on Saturday, securing a unanimous decision against Russia’s Arslanbek Makhmudov at London’s Tottenham Hotspur Stadium. The British heavyweight earned two scorecards of 120‑108 and a third of 119‑109 after the full twelve‑round bout.Although Makhmudov opened the fight aggressively, landing a left and an overhand right in the first round, his momentum waned by the third. Fury, alternating his stance, delivered a crisp one‑two combination that visibly slowed his opponent.The contest proceeded in a similar rhythm, with Fury maintaining control until the final bell. The victory brings him a step closer to a potential “Battle of Britain” showdown with former champion Anthony Joshua, who observed the fight from ringside.During the post‑fight exchange, Joshua taunted Fury, saying, “I’ve never had a problem getting in the ring with you… I’ll punch you out again.” Fury responded from the canvas, declaring his readiness for a future clash and asserting, “When you’re ready, you come and see me… I’m the boss.”
#you #fury #list
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Sports Apr 12, 2026

Sunderland's Late Winner Deepens Tottenham's Relegation Fight as De Zerbi’s Tenure Falters

Tottenham Hotspur’s 1‑0 loss to Sunderland on April 12, 2026, pushed the London club further into t…
Roberto De Zerbi arrived on the pitch barely half an hour before kick‑off, his black padded gilet pulled up to the neck against a biting Wearside wind. By the final whistle the chill had eased, but Tottenham’s morale had plummeted.Sunderland’s 1‑0 victory not only cemented the visitors’ place in the league’s bottom three, it also lifted Régis Le Bris’s side to 10th place with six matches left in the campaign.Facing his third managerial appointment in a single season, De Zerbi urged his squad to rediscover the high‑risk attacking ethos of former boss Ange Postecoglou – a vision that remained frustratingly out of reach on a day dominated by low‑tempo play.Long‑time Tottenham midfielder Antonin Kinsky made a rare return after his brief, infamous cameo in a 5‑2 Champions League loss to Atlético Madrid. His comeback was cut short when a second‑half head clash forced his substitution for the inexperienced Brandon Austin.Goalkeeper Guglielmo Vicario, still recovering from hernia surgery, was expected to be tested. Sunderland’s Granit Xhaka delivered a sharply inswinging corner, but Kinsky calmly palmed the ball over the bar, keeping Spurs in the game.A potential penalty for Tottenham was overturned after VAR review; replays showed Omar Alderete had won the ball cleanly, while Randal Kolo Muani’s appeal proved unfounded.Richarlison offered brief flashes of quality but failed to convert his chances, and Dutch striker Brian Brobbey – described as a “human bulldozer” – was unable to capitalise on Enzo Le Fée’s incisive passes, despite a lone fine save from the Sunderland keeper.De Zerbi’s frustration was palpable. After Dominic Solanke’s weak finish allowed Sunderland’s Robin Roefs to deny a golden‑chance in stoppage‑time, the manager pulled his gilet up over his eyes, perhaps to shield himself from the disappointment.Mid‑second‑half, former Paris Saint‑Germain defender Nordi Mukiele, back from injury, struck a 20‑yard shot that deflected off centre‑back Micky van de Ven. The ball’s change of direction left the goal‑mouth ambiguous, sparking a debate over whether the goal should be credited to Mukiele or recorded as an own‑goal.The match’s physical intensity escalated when Brobbey’s challenge led to a painful collision between Kinsky and Cristian Romero, forcing both players off – Romero in tears with a leg injury. De Zerbi also expressed anger that Brobbey, already booked, escaped a second yellow card.Despite a flurry of substitutions, Tottenham struggled to pose serious questions to Sunderland’s defence, leaving the club’s relegation hopes hanging by a thread as the season draws to its final stretch.
#his #tottenham #zerbi
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World Economy Apr 12, 2026

Texas Expands Global Reach with New London Office to Attract UK Businesses and Investment

The US state of Texas is launching a dedicated London office to attract UK businesses and investmen…
Texas is expanding its global reach with the launch of a new office in London, aimed at attracting UK businesses and investment to the low-tax Lone Star State. The office, led by James Taylor, one of the founders of the Austin-based lobbying and public relations firm Vianovo, is part of Texas's efforts to lure corporate heavyweights across its borders.The new site adds to a growing list of international offices from which Texas can try to draw businesses. Texas charges neither corporation nor income tax, making it an attractive destination for companies looking to relocate or expand.Lobbyists working in the London office will court UK bosses with incentives including new, fast-track business courts and multimillion-dollar subsidies. Their targets are expected to include the City's banks and investment houses, as the state aims to build on Dallas's financial-sector boom.The ambitions have caught the attention of the City of London Corporation, with the City's mayor, Susan Langley, discussing how London could tap into excitement over the launch later this year of the state's first dedicated stock market, the TXSE. “With the launch of the Texas Stock Exchange, new dual-listing opportunities could connect British and Texan firms to fresh capital,” she said.The news comes as London tries to reverse a trend where businesses have been abandoning the UK stock market, choosing either to go private or shift their listings to hubs overseas, including New York.Texas has already had success luring jobs and investment from rival US states, including California, Delaware, and New York. Texas has overtaken California in having the largest number of Fortune 500 company headquarters of any American state, with companies like Oracle, Tesla, X Corp, and SpaceX having moved to the state in recent years.A spokesperson for Governor Greg Abbott's office said: “Texas has long had a global presence, with offices in Mexico and most recently in Taiwan designed to attract foreign direct investment and job creation into Texas, while also helping Texas companies export worldwide.”
#texas #london #investment
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Sports Apr 11, 2026

Manchester City Must Win at Chelsea to Keep Title Hopes Alive Ahead of Arsenal Showdown

With Arsenal leading the table, Manchester City travel to Stamford Bridge needing a flawless perfor…
Match details: Chelsea host Manchester City at Stamford Bridge on Sunday, 12 April, 4:30 pm BST (15:30 GMT). Live coverage and pre‑match analysis will be available on Al Jazeera Sport from 12:30 GMT. City sit second in the Premier League, trailing league leaders Arsenal by nine points after Arsenal played one more game. A win at Chelsea could shrink the gap to six points, and a victory for Arsenal over Bournemouth on Saturday would widen the gap to twelve, putting immense pressure on Pep Guardiola’s side to collect maximum points. Chelsea, currently sixth, are desperate to reignite their push for a top‑five finish that guarantees Champions League football next season. They sit just one point behind Liverpool, who occupy the final European spot. Guardiola warns of zero‑margin for error Speaking on Friday, Pep Guardiola admitted City’s season has been “inconsistent” and stressed that the squad must win every remaining match to retain any chance of clinching the title. He highlighted the demanding run of fixtures ahead, beginning with the Chelsea trip and followed by a home clash with Arsenal on 19 April. “We need to win all of them; otherwise we won’t have a chance to fight until the end,” Guardiola said, acknowledging points dropped earlier in the campaign. Bernardo Silva’s future remains uncertain Midfielder Bernardo Silva, a six‑time Premier League champion with City, is in the final year of his contract. Guardiola expressed a personal desire to keep the Portuguese international at the club but admitted he does not know the player’s decision. “I’m a bit grumpy because I wasn’t informed of his plans,” the manager said, praising Silva’s competitiveness and importance in big‑match moments. Enzo Fernández excluded despite apology Chelsea boss Liam Rosenior confirmed that midfielder Enzo Fernández will remain on the bench for the Sunday fixture, even after the Argentine apologised for comments that questioned his future at Stamford Bridge. Rosenior emphasized the club’s collective values, stating, “Football is a team sport, not about individuals,” and hinted that Fernández could feature again after this match. Chelsea’s Champions League ambition Rosenior reiterated confidence in his squad’s ability to secure a top‑five finish, noting that despite a recent dip in form, the team has consistently created problems for opponents. Historical head‑to‑head The two clubs have met 181 times in competitive fixtures: Chelsea have won 71, City 68, with 42 draws. Notably, Chelsea have not beaten City since the 2021 Champions League final. Recent encounters (last 10): 04 Jan 2026 – Man City 1‑1 Chelsea (Premier League) 25 Jan 2025 – Man City 3‑1 Chelsea (Premier League) 18 Aug 2024 – Chelsea 0‑2 Man City (Premier League) 20 Apr 2024 – Man City 1‑0 Chelsea (FA Cup semi‑final) 17 Feb 2024 – Man City 1‑1 Chelsea (Premier League) 12 Nov 2023 – Chelsea 4‑4 Man City (Premier League) 21 May 2023 – Man City 1‑0 Chelsea (Premier League) 08 Jan 2023 – Man City 4‑0 Chelsea (FA Cup third round) 05 Jan 2023 – Chelsea 0‑1 Man City (Premier League) 09 Nov 2022 – Man City 2‑0 Chelsea (League Cup third round) Team news – Chelsea Rosenior confirmed centre‑back Levi Colwill has returned to training after a serious knee injury, though he remains a selection risk. Right‑back Reece James is training after a hamstring issue. Defender Trevoh Chalobah and winger Jamie Gittens are still sidelined. Predicted starting XI: Sanchez; Gusto, Fofana, Adarabioyo, Cucurella; Santos, Caicedo; Neto, Palmer, Estevao; Pedro. Team news – Manchester City Defender Rúben Dias continues to recover from a muscle problem and is unavailable. Josko Gvardiol remains out with a tibial fracture sustained in January. Predicted starting XI: Donnarumma; Nunes, Khusanov, Guehi, O’Reilly; Silva, Rodri; Semenyo, Cherki, Doku; Haaland. The outcome of this clash could dramatically reshape the Premier League title race and determine whether Chelsea can keep their Champions League aspirations alive.
#Manchester City #Chelsea #Arsenal
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Business Apr 08, 2026

Shell Sees Soaring Oil Trading Profits Amid Iran Crisis, But Qatar Strikes Hit Gas Output

Shell expects significantly higher profits from its commodity trading desks in Q1 due to market vol…
Shell is poised to report a substantial increase in profits from its commodity trading activities in the first quarter, driven by recent market volatility sparked by the Iran crisis. The energy giant's chemicals and products unit, which encompasses its primary oil trading desk, is expected to see a significant boost in trading results.The company's trading windfall is particularly notable in its renewable energy division, with predicted earnings ranging from $200m to $700m in the first quarter, up from approximately $100m in the previous quarter. This surge is attributed to the historic price rises in oil and gas markets following Iran's retaliation to US-Israeli aggression, which included throttling energy trade through the Strait of Hormuz and launching strikes against key energy infrastructure in the Gulf region.However, Shell's gas production is expected to decline by about 5% to between 880,000 and 920,000 barrels of oil equivalent per day, compared to 948,000 in the fourth quarter, due to the impact of the Middle East conflict on its assets in Qatar. A strike damaged Shell's assets at the Ras Laffan liquified natural gas (LNG) complex in Qatar, contributing to the expected decline.Despite these challenges, Shell's boss, Wael Sawan, has warned that Europe could face an energy and fuel shortage in April without a reopening of the Strait of Hormuz. The company is working with governments to address the oil and gas supply crisis, which has already led to energy rationing in some Asian countries.
#Shell #Iran crisis #Qatar strikes
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News Apr 08, 2026

Iranian Embassies Flood Social Media with Satire After Trump's Threat to Bomb Iranian Infrastructure

After President Donald Trump's profane ultimatum to open the Strait of Hormuz or face attacks on Ir…
On April 5, 2026, President Donald Trump posted a vulgar warning on Truth Social and X, demanding that Iran "open the f****** Strait" or face the bombing of its bridges and power plants. The post, framed as a blend of threats and profanity, raised global concerns because the Strait of Hormuz is a critical oil chokepoint. Rather than replying in kind, Iranian diplomatic missions across continents responded with a wave of sarcasm and satire. Embassies from London to Pretoria, New Delhi to Moscow, used short quips, memes, and literary references to ridicule the president’s language and question his mental fitness. The most viral exchange began when the Iranian embassy in Zimbabwe replied on X, "We've lost the keys," to Trump’s demand to open the Strait. The joke quickly spread: the South African mission added, "Shh… the key’s under the flowerpot. Just open for friends," while the embassy in Bulgaria referenced the late convicted pedophile Jeffrey Epstein, writing, "Doors open for friends. Epstein’s friends need keys." These posts coincided with renewed speculation about the Epstein files. Political rivals have suggested that Trump’s aggressive stance serves to distract from the release of millions of documents linking billionaires, academics and politicians to Epstein. Although Trump appears in the files, he denies any wrongdoing, claiming he cut ties with Epstein decades ago. Complicating the political backdrop, U.S. Attorney General Pam Bondi, who oversaw the Epstein investigation, was removed from office on April 2. Analysts argue her dismissal reflected growing pressure on the administration over the handling of the files. Many Iranian missions seized the moment to invoke the 25th Amendment, Section 4, urging U.S. officials to consider removing a president deemed mentally unfit. The South African embassy shared a post by broadcaster Piers Morgan calling Trump’s tweet "embarrassing" and suggesting he had "lost his marbles," and added, "Humanity must know what kind of creatures are leading the American people." Similar sentiments were echoed by the Tajikistan and London missions, the latter posting a Rumi poem about a madman wielding a sword alongside a Mark Twain quote warning against reckless speech. Other embassies took a more direct tone. The Indian mission labeled Trump a "sore loser brats" and urged him to "get a grip," while the Austrian embassy overlaid an "18+" warning on a screenshot of the president’s post, condemning the threats as a potential "War Crime" against civilian infrastructure. Visual satire also featured prominently. In Berlin, the Iranian embassy shared a Der Spiegel cartoon depicting Trump staring into a mirror, imagining himself as an emperor. In Moscow, a Russian illustration portrayed Trump as a delusional Don Quixote charging at a windmill, with a sidekick shouting, "Boss, it’s just a windmill!" All of this digital mockery unfolds as the Middle East braces for Trump’s self‑imposed deadline to reopen the strategic Strait of Hormuz early Wednesday, local time. While geopolitical tensions rise, Iranian diplomatic posts continue to turn the president’s incendiary rhetoric into a global social‑media spectacle, one sarcastic tweet at a time.
#trump #iranian #embassy
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