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Business Jun 06, 2026

Aviation Industry Faces Fuel Crisis at Rio Summit Despite Continued Operations

Aviation leaders gather in Rio de Janeiro for the annual Iata summit amid rising jet fuel costs and…
The Lead: Aviation Leaders Converge in Rio Amid Fuel CrisisDespite concerns about soaring jet fuel prices and geopolitical tensions affecting supply chains, aviation industry leaders have gathered in Rio de Janeiro for the annual International Air Transport Association (Iata) AGM. The summit, which was abandoned during the Covid years and held online since, marks a return to in-person gatherings as the industry continues to navigate unprecedented challenges.The Fuel Crisis: Rising Costs and Supply Chain ChallengesJet fuel prices have surged dramatically, climbing from just over $80 a barrel at the last summit in Delhi to over $140 a barrel currently. Despite the conflict between the US, Israel, and Iran affecting oil supplies through the Strait of Hormuz, airlines have largely maintained operations. European carriers, initially seen as most vulnerable, have continued flying full schedules ahead of the lucrative peak season, with new fuel sources found in the US and West Africa to address supply concerns.The Financial Impact: Billions in Additional Costs and Market TurmoilAccording to aviation analysts Cirium, jet fuel constituted over a quarter of global airlines' costs in 2025. Every dollar increase per barrel adds approximately $3 billion to the annual fuel bill. In response, about 6% of available seats have been removed from airline schedules worldwide over the past month. Many major carriers have hedged their fuel supplies to mitigate price shocks, though some like easyJet have suspended hedging due to extreme volatility. The financial pressures have already resulted in easyJet becoming a takeover target for US private equity firm Castlelake.The Industry Transformation: Geopolitical Shifts and Market ConsolidationThe US-Israel-Iran conflict has particularly impacted Gulf carriers whose geographic position and rapid growth had reshaped global travel patterns. Emirates, one of the industry's most influential players, will be an unusually quiet presence at the Rio summit with its chief executive absent. Meanwhile, environmental concerns about aviation's carbon footprint have taken a backseat to immediate financial pressures, though fuel efficiency remains a priority as it directly impacts costs. The industry is also facing potential consolidation, with easyJet's tumbling share price attracting takeover interest and other carriers potentially vulnerable to acquisition or bankruptcy.The Future Outlook: Navigating Uncertainty and Leadership TransitionAs the industry faces prolonged uncertainty, Iata's director general Willie Walsh has announced his departure after leading the organization since 2020, with plans to take over as CEO of India's Indigo airline. Walsh had previously championed sustainable aviation fuels (SAF) as the industry's only viable solution but has since criticized governments for imposing mandates while production has faltered. The summit in Rio will likely focus on immediate survival strategies rather than long-term environmental goals, with airlines demonstrating resilience despite the challenges. The question remains how long this resilience can continue as fuel prices remain elevated and geopolitical tensions persist.
#Iata #jet-fuel #airlines
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Entertainment Jun 06, 2026

Tolkien's Lord of the Rings Tops Guardian Readers' 100 Greatest Novels List

In a surprising turn, JRR Tolkien's The Lord of the Rings has topped The Guardian's readers' poll o…
The Rise of Middle-earth: Tolkien's Triumph Over Literary ClassicsIn a remarkable shift from established literary canon, JRR Tolkien's The Lord of the Rings has topped The Guardian's readers' poll of the 100 greatest novels published in English, displacing George Eliot's Middlemarch from its previous position. The trilogy, which didn't even feature when authors, critics and academics made their selection, has resonated deeply with readers across the globe, from Uruguay to the Isle of Skye, Albuquerque to Sydney.The Enduring Appeal of Epic FantasyThe Lord of the Rings' victory speaks to its unique ability to connect with readers on a fundamental level. As one Alabama voter noted, the novel contains "profound meaning about the importance of life, sacrifice, the natural world, corruption of power, the evils of war, generosity of spirit." Its influence extends across generations and cultures, with readers from various backgrounds citing its immersive world-building, complex themes, and emotional resonance as reasons for its enduring popularity.The novel's journey to the top is particularly noteworthy given its unconventional publication history. Originally conceived as a single work but published as a trilogy after negotiations between Tolkien and his publisher, the series has transcended its format to become a cultural touchstone. Readers have been drawn to its blend of ancient mythological elements with modern storytelling techniques, creating what one voter described as a world that "still persists in my memory."Notable Shifts in Literary RankingsReaders exercised their power to significantly reshape the literary landscape compared to the previous critics' list. Joseph Heller's Catch-22, which "just squeaked into the first list," has now jumped to the eighth position, ranked higher than established classics like Ulysses, Anna Karenina, and The Great Gatsby. Similarly, David Foster Wallace's Infinite Jest, absent from the original list, now sits in 31st position, sharing its ranking with The Master and Margarita, The Poisonwood Bible, and The Remains of the Day.The list also reveals interesting patterns in reader preferences compared to critics. While Victorian literature maintains a strong presence, with Middlemarch's "consistent showing" and other works by Eliot, Dickens, and Hardy, readers have elevated contemporary works that critics may have overlooked. The enduring popularity of Jane Austen, readers' most nominated writer overall, demonstrates the continued relevance of classic literature in modern reading culture.The Absence of Literary Giants and Changing TastesStaggeringly, the list shows no recognition for work by several male titans of recent American literature—no Bellow, no Roth, no Updike, no DeLillo. This absence highlights the "waxing and waning of reputation" and the "speed with which literary fashion forms and reforms." Similarly, some English novelists who were once central to cultural life—no Iris Murdoch, or CP Snow, or Angus Wilson—failed to make the cut.The list also reveals a notable absence of lighter, humorous works. While Terry Pratchett and Douglas Adams secured places with their respective series, other comedic authors like PG Wodehouse, Nancy Mitford, and Jerome K Jerome were overlooked. This raises questions about how "best" often equates to "serious" or "weighty" literature in critical assessments, despite the inherent value of humor in storytelling.The Future of Literary Canons and Reader InfluenceThis readers' poll demonstrates the power of audience participation in shaping cultural narratives. Unlike previous lists compiled by critics and academics, this one reflects the genuine preferences of a diverse readership, leading to a more eclectic and contemporary selection of works. The inclusion of newer entries like John Kennedy Toole's A Confederacy of Dunces—published posthumously and now sharing the 32nd position—suggests that readers are more willing to embrace overlooked or rediscovered literary gems.As literary tastes continue to evolve, we can expect similar shifts in how we value and rank literature. The enduring popularity of works like The Lord of the Rings, which combines epic storytelling with universal themes, suggests that readers continue to seek narratives that transcend time and place. While established classics will always have their place, the growing influence of reader preferences may lead to a more diverse and inclusive literary canon in the future.
#JRR Tolkien #The Lord of the Rings #George Eliot
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Environment Jun 06, 2026

From Golf Courses to Wildlife Havens: The Pond Picasso's Environmental Transformation

Shaun Hancox, known as 'the Picasso of ponds,' has transformed his expertise from shaping golf cour…
The Pond Picasso's Environmental JourneyIn a boggy field in Somerset, Shaun Hancox operates an orange and black excavator, rhythmically removing lumpy clay soil and sculpting it into brown banks. What appears as a scar of bare earth on what was once green pasture will soon transform into a thriving freshwater ecosystem once rain fills the newly created depressions. This is the work of "the Picasso of ponds," a man who has transitioned from shaping golf courses to creating vital wildlife habitats across Britain.The Art and Science of Pond Creation"There's a lot more thought that goes into it than digging a hole," explains Hancox of Creative Wetlands. His background in golf course construction has given him unique insights into water movement and landscape design. "A golf ball rolls very much how water moves. When you're putting in a wildlife pond, you look at the landscape and give your pond the best chance of holding water and doing what it should do." The shapes of his ponds are "almost golf course bunkers but in a more rustic, natural way." At Heal Somerset, a 185-hectare former dairy farm being rewilded, Hancox is digging four new ponds, including one double-bowled pond 30 meters in diameter specifically for great-crested newts.The Decline of Britain's Freshwater HabitatsBritain has lost at least 400,000 ponds over the past century, according to the Freshwater Habitats Trust. A similar number remain, but many are overgrown, degraded, or affected by nutrient pollution. "Everyone realises we're in a sorry state with freshwater and it needs to be addressed," says Hancox. This decline has had devastating consequences for aquatic and semi-aquatic species that depend on these freshwater ecosystems for breeding, feeding, and shelter.Transforming Landscapes for WildlifeThe ponds created by Hancox and his team are specifically designed to maximize their ecological impact. Crucially, these new ponds are not connected to any river system, which can wash nutrient-rich or polluted water into them. Instead, they are charged by clean rainwater or clean groundwater, enabling more delicate aquatic plants to thrive. Within a year of being created, the ponds fill with aquatic life, including damselflies and dragonflies, and provide food and shelter for birds, from moorhens to house martins, who feed on the insects and use the pond-side mud to build nests.The Future of Freshwater ConservationInitiatives like the Newt Conservation Partnership, a coalition of the Freshwater Habitats Trust and the Amphibian and Reptile Conservation Trust, are working to ensure these habitats are maintained long-term. The partnership operates across 70 local authorities in England and ensures that any new pond habitat is maintained for 25 years, with ponds inspected and landowners receiving annual payments to manage them. "It guarantees that they will be suitable for newts in 25 years' time," says Pete Case of the Newt Conservation Partnership. "When it comes to newt conservation, everyone focuses on making a pond, but newts spend two-thirds of their life on land. If you don't get that bit right, they aren't going to do so well." This comprehensive approach to habitat creation and management represents a promising model for future conservation efforts across Britain and beyond.
#Shaun Hancox #Creative Wetlands #Wildlife Conservation
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Business Jun 06, 2026

The Billionaire’s Frontline: Rinat Akhmetov on Resilience, Business, and the Return to Donbas

Amidst the heaviest aerial raids on Kyiv, Ukraine's richest man Rinat Akhmetov reflects on his 30-y…
The War Economy: A Billionaire’s Perspective from the FrontlineUkraine is reeling from its heaviest aerial raid in months, with at least 25 people killed in the night sky. In the aftermath, Rinat Akhmetov, the country's wealthiest oligarch and owner of Shakhtar Donetsk, gives a rare interview from a location outside Kyiv. This conversation marks the 90th anniversary of the club and the 30th year of Akhmetov's leadership, offering a unique insight into how the war has reshaped his personal and professional life.From Coal Traders to Champions: The Akhmetov StrategyAkhmetov’s rise from a child in 1970s Donbas to the owner of one of eastern Europe’s most influential football clubs is a story of calculated risk and strategic foresight. His journey began not in football, but in the volatile economy of the 1990s.The Proximity of Danger: Akhmetov was five seconds away from death when his business partner and predecessor, Akhat Bragin, was killed in a stadium explosion in 1995. This tragedy left the club abandoned, with players earning as little as $200 or $300 a month.Industrial Expansion: Leveraging the collapse of the Soviet Union, Akhmetov moved from trading coke and coal to acquiring cheap stakes in metallurgy plants. He revitalized the Yenakiieve plant, where workers previously earned $45 a month, transforming it into a globally competitive enterprise.Breaking the Mold: To break Dynamo Kyiv's dominance, Akhmetov hired foreign managers like Nevio Scala and Mircea Lucescu. He argued that a patriot is someone who works for Ukraine's benefit, regardless of origin, a philosophy that yielded 22 trophies over 12 years.The Financial Toll of Occupation and the Iron and Steelworks of AzovstalThe conflict in Donbas has been devastating for Akhmetov’s industrial empire. Since the occupation began in 2014, his businesses have suffered severe losses. The Azovstal iron and steelworks became a global symbol of Ukraine's resilience during the 2022 siege, though it came at a massive cost to the local economy.Shakhtar was forced to flee their home, losing the Donbas Arena—a stadium that once held 40,000 to 50,000 fans—to the occupying forces. The club's relocation to Lviv and Poland turned them into a powerful ambassador for the Ukrainian state, using the Conference League semi-finals to keep the world's attention on the war.Shakhtar as a Symbol of Ukrainian ResilienceAkhmetov reveals that Shakhtar has always been pro-Ukrainian, evidenced by their 2007 decision to use the Ukrainian spelling of their name over the Russian one. However, the full-scale invasion has crystallized this identity. The club is now viewed globally as a symbol of the fight for independence, sovereignty, and freedom.The Road to Donbas: A Promise Kept and BrokenFor years, Akhmetov maintained a moral imperative: he vowed not to attend another game until Shakhtar returned to their beloved Donbas Arena. This promise was broken last month when he returned for the Conference League quarter-final following the death of his long-time manager, Mircea Lucescu. The spontaneous decision was driven by emotion, as the players' applause during the warm-up moved him to tears. It marks a significant moment in the club's history, signaling a potential return to the region that birthed them, even as the war continues.
#Rinat Akhmetov #Shakhtar Donetsk #Ukraine
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Entertainment Jun 06, 2026

A Tragic Farewell: John Huston’s The Misfits and the End of an Era

The Guardian reviews the rerelease of John Huston's 1961 western 'The Misfits' on the 100th anniver…
The Final Curtain Call for Hollywood IconsThe 100th anniversary of Marilyn Monroe’s birth has prompted a rerelease of her most serious work, John Huston’s 1961 western The Misfits. This retrospective offers a sombre look at a film that marked the final chapter for its three iconic leads: Monroe, Clark Gable, and Montgomery Clift.The Irony of a 'Misfit' in the American WestAdapted by Arthur Miller, the film tells the story of Roslyn, a woman seeking a quickie divorce in Reno who becomes entangled with three men: an ageing cowboy, a submissive friend, and a reckless bronco rider. The Guardian review notes that despite the title, the characters fit perfectly into their desolate landscape, trapped in a cycle of loneliness and yearning. The film serves as a poignant 'American pastoral' that reflects the disillusionment of the era.The Tragic Destiny of the Wild HorsesThe film's climax, where the characters attempt to capture wild mustangs only to realize they are being sold as pet food, serves as a powerful metaphor. The Guardian describes this as a 'horrible, inglorious and symbolic destiny,' mirroring the characters' own struggles. Monroe’s performance is noted as 'fascinatingly sad,' moving away from her signature breathiness to reveal a raw, authentic vulnerability.Enduring Legacy of a Tragic RomanceAs the film returns to cinemas for the BFI Southbank retrospective, it serves as a reminder of the tragic personal toll on its creators. The Guardian suggests that the film's sombre tone feels more relevant than ever, cementing its status as a masterpiece of American cinema that explores the cost of freedom and the inevitability of loss.
#Marilyn Monroe #John Huston #Clark Gable
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Entertainment Jun 06, 2026

The Mad Dog of Crime Fiction Rejects the Digital Age

James Ellroy, the legendary 'mad dog of American crime fiction,' has returned with his 18th novel, …
The Anachronistic Workflow Behind *Red Sheet*At 78, James Ellroy is a literary anomaly in the age of the internet. His latest book, Red Sheet, published on June 9, is a sprawling historical noir set in 1962 during the height of the Cold War. However, the method used to create this complex narrative is strictly analog. Ellroy does not own a computer, nor has he ever owned a mobile phone. His workflow is a throwback to a bygone era: he dictates responses to printed emails and employs a retired FBI couple in southern France to type his handwritten manuscripts.Publication Date: June 9, 2022Setting: October 1962 (Cuban Missile Crisis era)Key Protagonist: Freddy Otash, a corrupt private investigatorThe Methodology of ObsessionEllroy describes his approach as 'reckless verisimilitude,' blending historical fact with subjective fantasy to uncover deeper truths. His rejection of Google and digital research is compensated by a dedicated researcher who summarizes books and sends physical pages. This physical, tactile process allows him to maintain a hyper-focused, almost obsessive creative state that is difficult to replicate in a digital environment.The Cultural Relevance of a Tech-Free IconIn an industry increasingly driven by social media engagement and digital distribution, Ellroy's stance is a powerful statement on the nature of focus. By removing the distractions of constant connectivity, he preserves a 'mad dog' intensity that fuels his writing. His latest work challenges the conventional narrative of the Hollywood Ten and the Red Scare, offering a contrarian view that the figures who refused to testify were complicit in a criminal conspiracy.A Niche for Analog AuthenticityEllroy's continued success suggests that there is enduring value in high-intensity, analog craftsmanship. While the publishing industry moves toward digital-first models, his ability to produce complex historical fiction without modern tools proves that for certain genres, the human-centric process of creation remains paramount. His future outlook remains as sharp and defiant as ever, continuing to challenge liberal sacred cows and redefine the boundaries of crime fiction.
#James Ellroy #Red Sheet #Crime Fiction
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World Wide Jun 06, 2026

Bangladesh's Khalilur Rahman Elected UN General Assembly President

Bangladesh's Foreign Minister Khalilur Rahman has been elected president of the 81st session of the…
The Election of a New UN General Assembly President Bangladesh's Foreign Minister Khalilur Rahman has been elected president of the 81st session of the United Nations General Assembly after defeating Cyprus's Ambassador Andreas Kakouris in a closely contested vote. Rahman secured 99 votes, eight more compared with his competitor Kakouris. A total of 190 ballots were cast, with no invalid votes or abstentions. Details of the Election and Term The presidency rotates among the UN's five regional groups, and the 81st session falls to the Asia Pacific group. Rahman will serve a one-year term starting on September 8, the UN said. Rahman secured 99 votes. His competitor, Andreas Kakouris, secured 91 votes. A total of 190 ballots were cast. Challenges Facing the UN General Assembly Rahman's presidency will coincide with one of the most consequential processes on the UN calendar: the selection of Secretary-General Antonio Guterres's successor, whose term expires at the end of this year. The UN is facing immense pressure, with consensus increasingly difficult to achieve and defence of the UN Charter becoming a daily necessity. Background on Khalilur Rahman Rahman served as national security adviser and high representative on the Rohingya issue before becoming Bangladesh's foreign minister in February when the Bangladesh Nationalist Party (BNP) won in the country's first election since a student-led uprising ousted longtime leader Sheikh Hasina in 2024. A career diplomat, he joined Bangladesh's foreign service in 1979 and held senior UN positions in New York and Geneva. The Role of the UN General Assembly The General Assembly is the UN's most representative body, bringing together all 193 Member States, each with one vote. Its annual gathering in September in New York is the only UN forum where world leaders of all countries, small and large, can speak. The UNGA also makes key decisions for the UN, including appointing the secretary-general on the recommendation of the UN Security Council, electing the non-permanent members of the UNSC, and approving the UN budget.
#Bangladesh #UN General Assembly #Khalilur Rahman
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Business Jun 06, 2026

Turkiye and Indonesia Discuss $10bn Trade Goal

Turkish Foreign Minister Hakan Fidan and Indonesian President Prabowo Subianto held a productive me…
The Meeting Between Turkiye and Indonesia Turkish Foreign Minister Hakan Fidan and Indonesian President Prabowo Subianto have held an “extremely productive” meeting in Jakarta as the two countries aim to reach a bilateral trade volume target of $10bn, according to Turkiye’s top diplomat. Key Areas of Cooperation The two sides discussed expanding cooperation across a range of sectors, including defence, energy, transportation, and the halal food industry, Fidan said on X on Wednesday. Defence Energy Transportation Halal food industry The $10bn Trade Goal Fidan said the two countries also “thoroughly evaluated” projects aimed at reaching a bilateral trade volume target of $10bn. The target was agreed in April last year, when the leaders of the two countries pledged to deepen ties and pursue “new breakthroughs” in bilateral cooperation. Other Issues Discussed For his part, Prabowo expressed appreciation for Turkiye’s support in the repatriation of nine Indonesian citizens who had been abducted by Israel. The two sides also exchanged views on developments in the Middle East, with particular attention to Iran and Palestine. “As fellow countries in the Global South, Indonesia and Turkiye share the view that regional stability should be maintained through dialogue, diplomacy, and the peaceful resolution of disputes,” a statement from Indonesia’s presidency said.
#Turkiye #Indonesia #Hakan Fidan
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World Wide Jun 06, 2026

Ceasefire Crumbles as Israeli Strikes Intensify and Palestinian Factions Head to Egypt

Israeli drone attacks in Gaza have killed civilians and injured dozens despite a ceasefire on paper…
Israeli military operations in Gaza have intensified this Friday, with drone strikes killing civilians and injuring dozens, even as a ceasefire technically remains in place. Palestinian factions are traveling to Cairo to discuss the future of the enclave, highlighting the fragile and contested nature of the truce. Intensified Israeli Drone Strikes Defy Ceasefire Terms On Friday morning an Israeli drone struck the southern Khan Younis area, killing a young woman and wounding at least 15 people, according to the Palestinian Wafa news agency. Later the same day another strike near Gaza City injured a child. The attacks follow Thursday’s raid that killed at least 11 Palestinians, including five members of the same family. Casualty Toll Since Ceasefire: Numbers Reveal Growing Human Cost 947 people killed 2,935 injured Deaths and injuries have risen steadily since the ceasefire was declared in October. Humanitarian and Political Fallout of Ongoing Bombardment The continued strikes have kept crossing points closed, hampering medical evacuations and aid deliveries. Residents describe a “pervasive state of fear and panic,” with repeated incidents causing displacement and trauma. Politically, the ceasefire’s second phase—Hamas disarmament and Israeli withdrawal—remains stalled, prompting Hamas officials to travel to Cairo for talks on how to enforce the first phase and halt further attacks. Prospects for a Sustainable Ceasefire and Regional Talks Hamas representatives are meeting Egyptian mediators this weekend to “finalise the implementation” of the first phase and discuss mechanisms to prevent further Israeli strikes. International observers warn that without a credible enforcement mechanism, the truce could collapse, leading to renewed large‑scale hostilities. The coming days will test whether diplomatic engagement can translate into a tangible reduction in violence.
#Israel #Gaza #Hamas
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