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World Economy Apr 14, 2026

Australia’s EV Policy Gap Costs Billions and Delays Massive Consumer Savings

Australia’s reluctance to set firm deadlines for phasing out petrol and diesel cars has left the na…
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.
#more #australia #cars
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Entertainment Apr 14, 2026

Low‑Budget Horror ‘Itch!’ Delivers Gruesome Body‑Horror in a Supermarket Siege

The 2026 horror film *Itch!* blends visceral body‑horror with a tense supermarket standoff, but its…
Itch! thrusts viewers into a nightmarish scenario where a hyper‑contagious disease forces victims to scratch themselves to death. The film’s most striking moment features a woman literally tearing her own skin, a set‑piece that showcases the director’s knack for visceral body‑horror despite a shoestring budget. The narrative then shifts to a cramped department store, where a rag‑tag group of uninfected shoppers must endure a claustrophobic dialogue‑driven showdown. While the premise echoes classic confinement thrillers such as John Carpenter’s The Thing and Assault on Precinct 13, the limited resources prevent the film from fully capitalising on these influences. Critics note that a larger budget could have amplified the already effective practical effects, and a tighter script would have deepened the human drama. The ensemble includes a widowed father (played by director‑screenwriter Bari Kang) juggling single‑parenthood, a cantankerous customer (portrayed by Douglas Stirling) who complains about price‑matching on Amazon, and several other archetypal figures. However, the screenplay struggles to give each character a distinct emotional arc, leaving audiences at a distance. Despite these shortcomings, the film’s core concept—an epidemic of fatal itching—offers a fresh angle for the under‑served eczema community and delivers moments of genuine horror. Itch! becomes as much a character study as a genre piece, though the balance tilts unevenly. The movie is available on UK digital platforms from 20 April 2026 and on US digital platforms from 21 April 2026.
#Itch! #2026 horror film #body-horror
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Media Apr 14, 2026

Gary Neville’s Overlap acquires Mark Goldbridge’s 3.7 million‑subscriber football YouTube channels in seven‑figure deal

Former Manchester United defender Gary Neville’s media venture, The Overlap, has purchased Mark Gol…
Gary Neville’s sports‑media outfit, The Overlap, has secured ownership of two of the United Kingdom’s most followed football YouTube channels, a transaction estimated at a seven‑figure sum.The channels—The United Stand and That’s Football—bring together approximately 3.7 million subscribers, bolstering The Overlap’s audience to around 6 million across all its platforms.While the partnership may appear surprising given past on‑air sparring, Neville acknowledged his former criticism of “those bloody YouTubers” and Goldbridge’s frequent jabs at his own Manchester United opinions. He emphasized that no grudges remain and that the collaboration is driven by business logic, not personal rivalry.Speaking to the press, Neville said the deal is designed to tap the “noise segment” of football coverage—fans’ appetite for constant debate, opinion, and analysis when live matches are not on. He described the goal as delivering “direct, personality‑led content” that keeps supporters engaged around the clock.The United Stand, with 2.26 million subscribers, is the largest Manchester United fan channel on the platform, while That’s Football reaches 1.46 million viewers with broader Premier League coverage. Under the new ownership, The United Stand will debut formats such as “Stick to United” (featuring ex‑players and journalists) and a daily news show titled “The Daily United.” That’s Football is slated for a rebrand and the launch of a daily football‑news podcast channel.The Overlap, founded in 2021, already produces flagship shows like “Stick to Football,” “Fan Debate” with Wayne Rooney and Paul Scholes, and a cricket‑focused series launched last year. This acquisition follows its earlier move in January, when Global took a majority stake in the company, underscoring YouTube’s rising influence in sports broadcasting.Neville framed the purchase as the first of “hopefully a few more” aimed at building premium channels for major clubs across the UK and Europe. He assured fans that any new content will complement Goldbridge’s existing style, adding “value and intelligence” through contributions from former players and journalists.Goldbridge, whose real name is Brent Di Cesare, expressed enthusiasm for the next phase, noting that a decade of building The United Stand and That’s Football has prepared him for the resources and credibility The Overlap can provide to elevate his platforms.
#united #football #neville
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Sports Apr 14, 2026

Andoni Iraola to Exit Bournemouth at Season’s End, Sparking Premier League Coaching Hunt

Andoni Iraola has confirmed he will leave Bournemouth when his contract expires at the end of the 2…
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.
#bournemouth #iraola #his
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Sports Apr 14, 2026

Arsenal's Saka Injury Update: Arteta Uncertain Over Star Player's Return

Arsenal manager Mikel Arteta expresses optimism despite recent setbacks, including doubts over Buka…
Arsenal manager Mikel Arteta remains optimistic about his team's chances despite mounting injury concerns, particularly with star player Bukayo Saka sidelined with an achilles issue.Arteta insists he has 'zero fear' that Arsenal could end the season without silverware, but admits there are significant doubts over Saka's return. Saka has not played since the Carabao Cup final defeat to Manchester City last month and Arteta is uncertain when he will be back.'Hopefully it's going to be a matter of days and not weeks,' Arteta said. 'But he has to see when he's loading more, how he responds to that kind of progression.'Arsenal are also facing doubts over Jurrien Timber, Riccardo Calafiori and captain Martin Ødegaard for their Champions League match against Sporting. Additionally, Arteta will make a late call on Declan Rice's fitness after the England midfielder missed training on Tuesday.Despite recent setbacks, including a home defeat to Bournemouth in the Premier League, Arteta remains positive. 'Fire. I'm on fire. I'm on fire,' he said. 'Nothing else. I'm dreaming so much. I've done so much to be in this position because I know how this club was. I just see beauty, opportunity, and I want to get it done for all these people that have been in this journey with us.'
#Arsenal #Bukayo Saka #Mikel Arteta
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World Economy Apr 14, 2026

Gina Rinehart's Billion-Dollar Fortune Hangs in the Balance as Court Verdict Looms

A long-awaited court verdict in Perth may force Gina Rinehart to share billions of dollars in royal…
Gina Rinehart, Australia's wealthiest person, faces a potentially significant loss of wealth and control over her Pilbara iron ore empire as a court verdict looms in Perth. The Western Australian supreme court judgment will determine whether Rinehart must share the spoils of some of Hancock Prospecting's most lucrative iron ore projects with the family of her late father's business partner, Peter Wright.The dispute centers on the lucrative Hope Downs mining complex near Newman in north-west Western Australia, a joint venture between Hancock Prospecting and Rio Tinto, which delivered a $832m profit to Hancock Prospecting in 2025. The Wright family heirs claim they are entitled to an equal share of the 2.5% royalties coming from Hope Downs to Hancock Prospecting.Hancock Prospecting rejects the claim, arguing it undertook all the work and bore the financial risk of development, making it the legitimate owner of the Hope Downs assets. The judgment, expected to be appealed regardless of the outcome, may also impact Rinehart's children, who have accused their mother of an 'egregious fraud' against them.Rinehart's company and Hancock Prospecting have rejected all claims, with Rinehart's lawyers arguing that her actions were done to right an historic wrong by her father. The court's decision will also inform a separate federal arbitration process that will decide how Hancock Prospecting's shares are divided between the family.In a related development, Hancock Prospecting's latest annual report shows that more than $6.4bn in dividends have been placed in reserve pending the outcome of arbitration.
#hancock #rinehart #prospecting
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Sports Apr 14, 2026

UEFA set to eclipse €1 billion in sponsorship, pushing club competition earnings past €6 billion

UEFA’s commercial arm UC3 is on track to generate over €1 billion a year from club‑competition spon…
UEFA is expected to secure in excess of €1 billion (£870 million) annually from sponsorships linked to its club tournaments starting next season, a surge of over 40% that will lift the governing body’s total commercial income past the €6 billion mark.The commercial joint venture UC3 – jointly owned by UEFA and its clubs – is finalising two flagship agreements: an official payments processor and a technology partner. These contracts will complete a roster of premium global partners and underpin the projected revenue jump.Long‑term sponsorships have already been locked in. AB InBev will serve as UEFA’s official beer partner, committing €230 million per year—far above the €120 million reserve price—while Pepsi will extend its soft‑drink partnership for another six years, also exceeding the reserve threshold. Nike is currently in exclusive talks to replace Adidas as the match‑ball supplier.These sponsorship gains complement a booming TV‑rights market. Rights sales in the UK rose 20% and in Germany 30% last year, with further tenders underway across 21 territories. UEFA now projects annual TV‑rights valuations to top €5 billion, meaning the combined commercial haul will comfortably exceed €6 billion.Relevent Football Partners, the American agency appointed by UC3, has overhauled UEFA’s sales process, creating a new “elevated partners” tier that bundles commercial rights across all three UEFA club competitions. This package offers exposure across 531 matches per season, far surpassing the 189‑match footprint of the Champions League alone.The influx of cash will primarily benefit the elite clubs. UEFA currently allocates 74% of its prize fund and 56% of club‑competition revenue to Champions League participants, with the remainder split between Europa League (17%) and Conference League (9%). Seven clubs already received over €100 million in prize money last season, led by Paris Saint‑Germain’s €144.4 million haul.Such concentration of wealth has reignited debate over revenue distribution. The Union of European Clubs (UEC) has proposed a revised split of 50‑30‑20 among the three competitions, directing a larger share into domestic leagues rather than straight to clubs. However, given the influence of the biggest clubs within UC3, the proposal faces an uphill battle.UEFA and Relevent declined to comment on the negotiations.
#uefa #pepsi #nike
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Sports Apr 14, 2026

Arsenal's Stumble Sparks Meme Frenzy as Man City Closes Gap in Premier League

Arsenal's recent stumble in the Premier League has sparked a meme frenzy, with Manchester City clos…
Manchester City's recent comprehensive win over Chelsea has brought them within six points of Premier League leaders Arsenal, reigniting the title race. A viral social media meme featuring a City fan mocking Arsenal's struggles has captured the attention of football fans worldwide.The fan in question was seen mimicking a celebratory sip from an empty plastic bottle adorned with an Arsenal logo, leaving City's supporters in laughter and making viewers wonder if Arsenal have 'bottled it' once more. This comes after Arsenal's dramatic stumble over the past few weeks, including a loss to 11th-placed Bournemouth in the Premier League.Arsenal's quadruple hopes have taken a hit, with the team suffering three consecutive losses in local competitions. Manager Mikel Arteta acknowledged that his players are hurting but need to 'take it on the chin' and 'embrace the challenge' ahead. The team's fate is now as much in Manchester City's hands as it is in their own.Meanwhile, Manchester City's manager, Pep Guardiola, remains alert to the threat posed by Arsenal despite their recent blip. Guardiola emphasized the need for respect towards Arsenal, stating that beating them twice in a few weeks will be extremely difficult. City are favourites to lift the FA Cup and could still bag their 11th league trophy, with some experts predicting a domestic treble for the Sky Blues.
#arsenal #city #league
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Politics Apr 13, 2026

Trump’s Threat to Block the Strait of Hormuz Could Push Oil Past $150 and Deepen Global Energy Crunch

Analysts warn that President Trump’s announced naval blockade of Iran’s ports and the Strait of Hor…
President Donald Trump has signaled that the U.S. Navy will enforce a blockade of the Strait of Hormuz, targeting any vessel that has paid a toll to Iran. The announcement sent oil futures soaring past $100 per barrel on Monday, reviving fears of a deeper global energy crisis. U.S. Central Command later clarified that the operation would focus on ships entering or leaving Iranian ports, a narrower scope than the initial threat to shut the entire strait. Nonetheless, experts say the move would still choke a critical chokepoint in world oil supply. "Anything that removes oil from the market pushes prices higher, which in turn lifts gasoline costs," explained Trita Parsi, co‑founder of the Quincy Institute. He warned that if Iran’s allies, notably the Houthis in Yemen, retaliate by closing the Bab al‑Mandeb strait, oil could surge above $150 a barrel. Bab al‑Mandeb serves as an alternative route for Gulf oil to reach the Red Sea and Indian Ocean. Its closure would compound the disruption already caused by the Hormuz threat. Since the start of the U.S.–Israeli conflict on February 28, Iran has limited traffic through Hormuz, allowing only a handful of vetted ships. Windward estimates that about 3,200 vessels were stranded west of the strait as of Saturday. Former chief economist Anas Alhajji of NGP Energy Capital Management expects non‑Iranian carriers to avoid the strait regardless of U.S. assurances, citing rising insurance premiums and the risk of Iranian retaliation. "The Trump blockade of Iranian ports is effectively a blockade of the Hormuz Strait," he told Al Jazeera. The ripple effects extend beyond fuel. Higher oil and gas prices will lift the cost of chemicals, fertilizers and plastics feedstocks, analysts say. Cameron Johnson, senior partner at Tidalwave Solutions, predicts a rapid increase in raw‑material prices if the blockade persists into late April or early May. "The wild card is the timeframe," Johnson noted. "If it’s a short‑term negotiating tactic, the market may absorb it, but a prolonged blockade will spike global commodity prices." Supply‑chain experts warn of broader repercussions. Deborah Elms of the Hinrich Foundation highlighted that rising fabric costs and packaging shortages could strain food production and consumer goods later in the year. Industry observer Chad Norville of Rigzone said the mere threat erodes confidence in the strait’s stability, likely driving up insurance costs and reducing daily trade volumes. In sum, a U.S. blockade of Iranian ports would mark a stark reversal of recent policy, which had briefly eased sanctions to alleviate the energy crunch. The potential escalation underscores how geopolitical moves can quickly translate into higher energy bills and broader economic strain worldwide.
#Donald Trump #Strait of Hormuz #OPEC
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