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Record $906 bn Fossil Fuel Lending by Top Banks in 2025The coalition of environmental groups behind the Banking on Climate Chaos report found that the world’s 65 largest banks committed $906 bn to the fossil‑fuel sector in 2025, an “unfathomable” increase that locks in additional coal, oil and gas production.Scale of the New Lending SurgeNew financing rose by $64 bn – roughly 8% compared with 2024 – signalling that major lenders are expanding, not curbing, exposure to high‑carbon assets.JPMorgan Chase: $58 bn (up 13% YoY), remains the top financier.Bank of America: second‑largest lender.Japanese banks MUFG and Mizuho Financial follow closely.Citigroup rounds out the top five; Barclays is the highest‑ranked British bank at #8.Financial Breakdown and ConcentrationFourteen banks – dubbed the “dirty dozen” – accounted for 40% of all fossil‑fuel financing. Six jurisdictions (the US, Canada, Japan, China, the UK and the EU) supplied the bulk of the capital.$508 bn was pledged for expansion of existing fossil‑fuel sites – a 27% jump on 2024.Three US operators – Venture Global, Enbridge and Energy Transfer – were the biggest recipients.Implications for Climate Goals and Industry CommitmentsThe financing trajectory directly conflicts with the Paris Agreement’s 1.5°C target, which requires near‑total decarbonisation of energy supply. Since 2015, banks have already funneled $8.7 tn into fossil‑fuel extraction, widening the emissions gap.Recent political shifts, including the resurgence of climate‑skeptical leadership in the US, have weakened voluntary initiatives such as the Net‑Zero Banking Alliance, which was disbanded after key members withdrew.Looking Ahead: Regulatory Pressure and Market RealignmentAnalysts warn that voluntary pledges are insufficient; stronger regulatory frameworks and legislative action are likely to emerge in the major financial centres.If policymakers tighten lending standards, banks may face a forced reallocation of capital toward renewable‑energy projects, potentially reshaping the profitability landscape for both traditional and green finance.

The Final Tune-Up Before Tournament GlorySpain wrapped up their World Cup warm-up matches with a comfortable 3-1 victory over Peru in Puebla, Mexico. Mikel Oyarzabal opened the scoring on Monday after just two minutes with a fierce strike from the edge of the area, setting the tone for a straightforward victory for one of the favourites for the upcoming tournament.Key Goals and Match DynamicsPedri doubled the lead after the half-hour mark, tapping into an empty net following a cross from Ferran Torres, and Spain added a third early in the second half when Yeremy Pino's delivery forced an error from goalkeeper Pedro Gallese. Jairo Velez pulled one back for Peru with a low finish, providing a consolation goal in the final moments.Tournament Preparation and Fan AtmosphereThe World Cup kicks off on Thursday, while 2010 champions Spain open their campaign against Cape Verde on June 15. World Cup fever was evident around the stadium in Puebla, where Spain shirts dominated the stands alongside Barcelona jerseys, reflecting the club's strong representation in Luis de la Fuente's squad. Peru supporters were outnumbered but remained vocal throughout the evening.Player Reactions and Coach's PerspectivePedri, Rodri and Ferran Torres drew some of the loudest cheers as fans broke into chants and performed Mexican waves around the stadium. Pedri told reporters, "It was a match to build momentum, and we've managed to do just that. I didn't realise they loved me so much here in Mexico." Oyarzabal, whose opener extended his scoring streak with Spain to six consecutive games, added, "I'm happy, and I try to help in any way I can. What has made things go well for us is that as a group we know what we have to do and we trust each other."Managing Expectations as Tournament FavoritesCoach De la Fuente welcomed another convincing display but played down suggestions that Spain were clear favourites for the title. "Being recognised as favourites guarantees nothing," he said. "We have confidence in ourselves and in the way we play, but there are many other national teams with the same quality and ability as us."

Defying Age: Džeko’s Quest to Play at 40Edin Džeko admits he never imagined playing at this stage of his career, yet he is now leading Bosnia and Herzegovina into the 2026 World Cup. The veteran forward attributes his continued competitiveness to rigorous pre‑ and post‑training routines and a recent stint at Schalke that reignited his form.From Sarajevo Streets to Schalke: The Journey That Brought Džeko Back to FormThe Bosnian striker’s path began at Zeljeznicar, moved to Czech side Teplice, and later flourished at Wolfsburg, Manchester City, Roma, Inter, and Fenerbahçe. After a six‑month spell at Fiorentina that yielded no goals, he signed for Schalke in January 2026, scoring within 20 minutes of his debut and helping the club secure promotion back to the Bundesliga.Numbers That Matter: Age, Caps, Goals and Recent Club StatsAge: 40 years (born 7 March 1986)International caps: 139 for Bosnia and HerzegovinaInternational goals: 65 (all‑time leading scorer)2025‑26 season at Schalke: 6 goals in 12 appearancesPrevious Premier League titles: 2 (including 2012)What Džeko’s Longevity Means for Bosnia’s World Cup ProspectsDžeko’s experience adds a tactical edge to a squad that qualified by beating Wales and Italy in the playoffs. His leadership is expected to mentor a youthful core, while his goal‑scoring threat offers a rare outlet against group opponents Canada, Qatar and Switzerland. Analysts suggest his presence could be the difference between a group‑stage exit and a historic knockout run.Looking Ahead: How Long Can the Veteran Forward Stay Competitive?While Džeko says future decisions will hinge on Schalke’s plans, his disciplined regimen hints at a few more seasons at a high level. If he maintains his current fitness standards, he could become one of the longest‑serving outfield players in World Cup history, setting a benchmark for future generations of Balkan footballers.

The LeadIran and Israel have paused tit-for-tat attacks against each other that had threatened to unravel the fragile ceasefire in place since April 8, but tensions remain high. Tehran has warned that fighting could resume if Israel continues with its attacks, including on Lebanon.The Event DetailsThe ceasefire is facing pressure from growing public disagreements between Israel and the United States. According to Axios, US President Donald Trump warned Israeli Prime Minister Benjamin Netanyahu to be "careful" as continued strikes risk undermining the truce.The Iranian parliamentary speaker, Mohammad Bagher Ghalibaf, said repeated Israeli violations showed there was no "genuine will to build trust". He warned that the ceasefire remains brittle and could break.The Regional DevelopmentsIsrael said it targeted the Mahshahr petrochemical complex in the southwest on Monday, one of Iran's most important industrial centres. Iranian media reported no casualties, while authorities continue to assess the extent of the damage and potential economic losses.Hezbollah said it carried out 16 operations against Israeli forces on Monday, targeting troop gatherings, military vehicles and equipment across southern Lebanon. The group said it used drones, guided missiles, artillery and loitering munitions in attacks near Beaufort Castle, Odaisseh and Yohmor al-Shaqif, claiming to have destroyed ammunition transport vehicles and military bulldozers.The Diplomatic TensionsIsrael's ambassador to the US, Yechiel Leiter, said negotiations between Washington and Tehran have "nothing to do with Lebanon", accusing Iran of trying to connect the two issues. Speaking to Fox News, Leiter said Israeli operations against Hezbollah are separate from the US-Iran talks and warned that "Lebanon will not have a future if it remains linked to Iran".Trump said on Monday he warned Netanyahu that the Israeli PM could find himself "on your own very soon" if he carried out further strikes on Iran. According to Axios, the president urged Netanyahu not to retaliate after Iran signalled it would halt attacks, highlighting growing tensions between Washington and Israel over the future of the ceasefire.The Strategic ImplicationsAnalysts say Israel's decision to launch new strikes on Iran despite Trump's calls for restraint was intended to signal to the US that no lasting agreement with Tehran can ignore Israeli interests. Military historian Danny Orbach said the strikes were a message to Washington that Israel retains the ability to disrupt negotiations if it believes its security concerns are being overlooked.Phyllis Bennis of the Institute for Policy Studies said Trump's warning to Israel would carry more weight if it were backed by concrete actions. She argued that continued US military aid, diplomatic support and weapons transfers undermine the message, leaving little reason for Netanyahu to view the comments as a meaningful shift in US policy.The Future OutlookThe ceasefire remains precarious, with both sides maintaining positions that could lead to renewed conflict. Israel appears determined to continue operations against Iranian interests in the region, while Tehran has signaled it will respond to any perceived violations. The US position remains unclear as Trump attempts to balance between supporting Israel and preventing a wider regional conflict.

The Spurs' Crucial Win Victor Wembanyama produced 32 points, eight rebounds, six assists, and three blocks on Monday night for the Spurs, who got back into the NBA Finals by beating the red-hot New York Knicks 115-111 in Game 3. Wembanyama's Stellar Performance Wembanyama's impressive performance was complemented by Stephon Castle's 23 points, 18 in the first half and five key points late in the fourth quarter, as the Spurs avoided falling into a historically unfriendly hole. The Impact of the Win The win ensures the NBA Finals get at least some of the length warranted by what has been a compelling matchup thus far. The Knicks still lead the best-of-seven series two games to one, with Game 4 scheduled for Wednesday night in New York. Key Statistics Wembanyama: 32 points, eight rebounds, six assists, three blocks Stephon Castle: 23 points Dylan Harper: 13 points off the bench Jalen Brunson: 32 points for the Knicks OG Anunoby: 28 points for the Knicks The Road Ahead The Spurs showed resilience, overcoming a 12-point first-half deficit and a 14-point lead blown in previous games. Coach Mitch Johnson noted improved poise, while Knicks coach Mike Brown emphasized the series' competitiveness.

The Escalating Conflict in Gaza Eight months into the Gaza ceasefire agreement that exists more on paper than on the ground, the past week saw the agreement’s terms continue to erode. While Palestinian factions convened in Cairo, ostensibly to help move the agreement past its first phase, Israel pressed its hold on Gaza further – extending barriers of earth along an ever-widening “Yellow Line,” demolishing homes nightly, and killing displaced families in strikes that, according to Gaza’s Ministry of Health, pushed the post-ceasefire death toll past 970. Redrawing the Map of Gaza Following Israeli Prime Minister Benjamin Netanyahu’s calls last week to extend Israel’s control to “first 70 percent [of Gaza]”, far beyond the lines agreed upon by the October ceasefire agreement, residents and local monitoring networks in Gaza reported Israeli forces extending mounds of earth known as berms along the “Yellow Line” – the line their troops are nominally meant to hold – westward across the Strip: digging land at al-Zaarba in southern Gaza’s Mawasi Rafah, levelling farmland and greenhouses south of Khan Younis, planting rows of yellow concrete markers near Ard al-Limon and in Rafah’s al-Bardawil neighbourhood, and burning farmland towards the Netzarim corridor. Widening Deadly Attacks in Gaza As Israel expanded its control of the Strip, military raids repeatedly hit displaced civilians in tents and crowded apartment blocks. The Ministry of Health in Gaza said that 11 people were killed in Israeli attacks on Gaza City on June 4 . Five members of the Labad family were among those killed – Hassan Rabah Labad, his wife Manar, sons Mohammed and Tamim, and daughter Rahaf – leaving nine-year-old Hala the sole survivor, according to Gaza activist Hamza al-Masri. Settlers Set West Bank on Fire A rash of videos and photos in recent days show settlers torching farmland and olive groves across the Ramallah and Nablus countryside – including in Burin, where residents said settlers lit four fires at once as soldiers blocked fire crews; in Madama, Jalud, as-Sawiya, Duma, Deir Sharaf, Shuqba and repeatedly in al-Mughayyir, where flames approached people’s homes. Videos showed soldiers standing alongside settlers next to blazing fields.

David Lammy, deputy prime minister, will announce on Tuesday a pilot of AI‑powered virtual legal assistants for England and Wales crown courts, aimed at cutting the mounting case backlog.Government Rolls Out AI Legal Assistants to Crown CourtsThe Ministry of Justice says judges will use a new AI tool to identify trial‑ready cases and group similar hearings, hoping to streamline administration and free up staff for core duties.Backlog Figures and Recent AI Errors Reveal Financial StakesMore than 80,000 cases are awaiting crown‑court decision this year – double the pre‑Covid 2019 figure of 38,108.2,600 crown‑court trials are not listed until at least 2028, with 29 pushed to 2030.Last year a £89m damages case involved 45 case‑law citations, 18 of which were fictitious and generated by publicly available AI tools.These numbers underscore the pressure on the system and the risk of AI‑generated misinformation.Law Society Calls for Safeguards Over Funding and StaffingThe Law Society, representing over 200,000 solicitors, warns the pilot must not be used to “replace vital funding and additional court staff”. Ian Jeffery, chief executive, stresses that outcomes of the evaluation should be public and that robust safeguards are needed to preserve justice integrity.What Lies Ahead for AI in the UK Justice SystemWhile officials tout AI’s potential to save “thousands of days of admin work”, critics argue that without clear evaluation and continued investment, the technology could exacerbate existing challenges. The next months will reveal whether the pilot can balance efficiency gains with the Law Society’s demand for transparency and adequate resources.

The LeadAs June brings longer evenings and warmer days, farmers prepare for the July harvest while relying on nature's own pest control system. Ladybirds, wasps, and hoverflies serve as unsung heroes in agricultural ecosystems, working their way through crops to naturally manage aphid populations without chemical interventions.The Natural Defense SystemIn the run-up to harvest, farmers meticulously walk through seed crop tramlines, removing unwanted wild oats, brome, and blackgrass that could contaminate crops. On wetter days, attention turns to grain stores where "bait traps" monitor for insect pests like grain weevils and mites. When these pests are detected, farmers use brushes and vacuums for removal rather than chemical treatments.The Wildflower MarginsThe recent dry spell has accelerated the growth of wildflower margins surrounding fields, creating vibrant habitats of cornflowers, poppies, corn cockles, moon daisies, and phacelias. These colorful borders serve dual purposes: attracting pollinators like bees and butterflies while providing homes for natural pest controllers. Ladybirds, parasitic wasps, and hoverflies thrive in these margins, extending their protective influence several hundred meters into adjacent crops like wheat and oilseed rape.Climate Challenges on the FarmChanging weather patterns present significant challenges for farmers. The unpredictable climate affects hay production, with farmers facing difficulties when expected heatwaves shorten or are followed by torrential downpours. Despite these challenges, many farmers maintain sustainable practices by avoiding plastic-wrapped haylage or silage, which can harm ground-nesting birds when cut too early in the season.Biodiversity BenefitsThe integration of natural pest control systems and wildlife-friendly practices has led to thriving biodiversity on many farms. Dawn choruses often begin before 5am, with birdlife flourishing according to Merlin app data and monthly RSPB monitoring walks. One farm visit recorded 36 bird species, including six different warblers, demonstrating the success of conservation efforts alongside agricultural production.

The Lead: Iran’s Water Emergency Unfolds from SpaceFor many Iranians, the most immediate threat is no longer war but water. Decades of drought, over‑extraction and dam construction have pushed the country into severe water stress, depleting reservoirs, rivers and groundwater. Recent satellite images reveal a dramatic contraction of Lake Urmia and dwindling dam levels around Tehran, underscoring a deepening crisis.The Disappearance of Lake UrmiaLake Urmia, the Middle East’s largest saltwater lake, has shrunk from nearly 6,000 sq km in the 1990s to just 581 sq km, less than 10% of its former size. Consecutive droughts, agricultural diversion, more than 60 upstream dams and intensive groundwater extraction have turned vast stretches of the lake into exposed salt flats.The Growing Water DeficitIn 2025 Iran’s 92 million people consumed around 100 billion m³ of water—about 13 billion m³ more than its renewable resources can replenish. Agriculture accounts for roughly 91% of withdrawals, while households and industry use only 7% and 2% respectively. Inefficient irrigation further wastes a significant share of this scarce resource.The Shrinking Dams Around TehranIran, a major dam‑building nation, now faces dozens of reservoirs at critically low levels. Satellite comparisons of Lar, Latyan and Mamloo dams—key supplies for the capital—show water levels declining sharply as drought and rising demand strain Tehran’s water system.Rural Exodus and Urban StrainOnly 38,000 of Iran’s 69,000 villages remain inhabited; 31,000 have been abandoned.About 27,000 villages, home to over 10 million people, are currently experiencing water shortages.More than 70% of villages face some form of water crisis.These shortages are prompting mass migration to cities such as Tehran, Mashhad, Isfahan and Shiraz, which themselves are confronting heightened water pressures.Only a Tiny Fraction from DesalinationDesalination meets just 3% of Iran’s water needs, concentrated along the southern Gulf coast. Inland regions—including Tehran, Isfahan and major agricultural zones—remain heavily dependent on dwindling surface and groundwater sources.Outlook: Policy Choices and Future RisksThe trajectory suggests escalating water scarcity unless Iran reforms water allocation, modernises irrigation, and expands sustainable supply options. Continued reliance on dam storage and limited desalination will likely prove insufficient, risking further ecological loss, social displacement and heightened regional instability.