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Entertainment Jun 05, 2026

The Children by Melissa Albert review – intriguing fairytale of creativity’s dangers

A review of Melissa Albert's novel 'The Children', a dark fairytale that explores the dangers of cr…
The Dark Side of Creativity Children’s writers are sometimes cruel, and often damaged. And, as AS Byatt put it crisply when talking about her 2009 novel The Children’s Book: “Writing children’s books isn’t good for the writer’s own children.” Think of Christopher Milne, raging at having been Christopher Robin; Vivian Burnett, dragging Little Lord Fauntleroy behind him; Alastair Grahame, lying down on train tracks. The Trapped Protagonist This is fertile material, as Byatt recognised, for a grown-up book. The American author Melissa Albert, herself a very successful children’s writer, has made it the theme of her first adult novel. The Children’s protagonist is Guinevere Sharpe, who as a grown woman is trapped by a very public version of her childhood. Her mother, Edith, a sort of JK Rowling/Enid Blyton composite, wrote an era-defining run of children’s portal fantasies called the Ninth City series, in which Guin and her older brother Ennis appeared as the named protagonists. The Unraveling of a Family Their marriage turns toxic. Edith is remote and frosty. The loving and boisterous Llewellyn is stricken by an unspecified illness and the light starts to go out of him. And the children, devoted to each other and freed from the necessity of formal schooling, are left to their own devices. Meanwhile, there’s something very spooky about their old wooden house. Occult artefacts surface. Its inhabitants have disturbing dreams. Edith shows up one day with a missing finger. Unraveling the Mystery In the present tense of the novel, meanwhile, Edith and Llewellyn have died in a fire that consumed the house; the sixth and last book in the Ninth City series never got written; and Guin and Ennis, once so close, have been on nonspeakers for two decades. A conceptual artist who builds uncanny installations, Ennis has always refused to talk about his childhood and the Ninth City books – but just as Guin is publicising her memoir, he announces a new show called Mother. The Cost of Creativity What we know about the Ninth City series – that in its universe there’s a vampiric figure called the Architect who steals the dreams of children to build constantly shifting fantasy worlds – casts an ominous shadow over Guin’s story. You get a hunch Albert is saying something here about the creative process, and the cost of it. Edith is a brilliant children’s writer – but she’s not quite right. A Complex but Flawed Novel That bumper crop of mysteries is also a slight weakness of this very readable and intriguing book. There’s simply so much going on that the force of the story dissipates: Edith never comes fully into focus; Guin’s crumbling relationship with her fiance, Hank, though acutely described, struggles to carry the weight it wants to; the ending is a little rushed.
#Melissa Albert #The Children #Book Review
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Sports Jun 05, 2026

Iraola’s Dynamic Football Could Revive Liverpool Amid Slot‑Era Fatigue

Andoni Iraola, who guided Bournemouth to a sixth‑place finish despite a modest wage bill, has been …
Iraola Takes the Helm at LiverpoolAndoni Iraola has been named the new manager of Liverpool, succeeding Arne Slot after the latter’s departure at the end of the 2025‑26 season. The move signals a decisive shift for a club that struggled with fan‑player relations under Slot and seeks a more dynamic identity.Why Iraola’s Bournemouth Success MattersIraola arrived at Bournemouth with limited resources yet delivered a remarkable sixth‑place finish in the Premier League. His ability to maintain competitiveness after losing key players demonstrates adaptability and tactical acumen, qualities Liverpool hopes will translate to Anfield.17th‑highest wage bill in the league, yet still competitive.Lost a goalkeeper, three regular defenders and a forward in the summer, plus the top scorer in January.Finished 6th despite those setbacks.Financial and Performance Metrics Under IraolaThe Bournemouth side under Iraola showed resilience:Points dropped from winning positions: Only Newcastle United dropped more; Bournemouth lost 2 of 23 leads.Pressing intensity: Highest number of shots after winning the ball back in the final third across the league.Wage efficiency: Operated with a wage bill well below the top‑tier clubs while achieving a top‑six finish.Potential Impact on Liverpool’s Playing Style and Fan BaseIraola’s preferred 4‑2‑3‑1 formation aligns with Liverpool’s recent tactical experiments. His emphasis on progressive, high‑pressing football mirrors the “gegenpressing” ethos that endeared fans to Jürgen Klopp, offering a contrast to the more restrained approach of Slot. Key players such as Florian Wirtz could thrive in the central creative role, while attacking full‑backs may benefit from the freedom seen at Bournemouth.Outlook: What to Expect in the 2026‑27 SeasonWhile Iraola’s temperament appears suited to the pressures of a super‑club, the heightened scrutiny at Anfield will test his adaptability. Early-season results—especially the ability to hold leads—will be critical indicators. If his high‑pressing philosophy takes hold, Liverpool could regain the energetic identity that fans crave, but the lack of top‑flight managerial experience leaves room for uncertainty.
#Liverpool #Andoni Iraola #Arne Slot
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World Wide Jun 05, 2026

Iran-Lebanon Conflict Escalates as Ceasefire Efforts Falter

Despite a US-brokered ceasefire agreement, Israel continues deadly strikes in Lebanon while Iran ra…
The Lead: Escalating Violence Despite CeasefireIsrael has continued to carry out deadly strikes across Lebanon despite the announcement of a new US-brokered ceasefire agreement reached by Lebanese and Israeli officials in Washington, DC. The violence has pushed the number of casualties higher, with Lebanon's Ministry of Public Health reporting that at least 3,526 people have been killed and 10,733 wounded in Israeli attacks since March 2.The Event Details: Diplomatic Efforts and RejectionsMeanwhile, Hezbollah leader Naim Qassem has dismissed the ceasefire as a 'farce', warning that northern Israel will remain a target as long as Israeli forces continue bombing Lebanon, raising more doubts about the prospects for a lasting truce.The Data Analysis: Rising Casualties and Regional ImpactLebanon casualties: At least 3,526 people killed and 10,733 wounded in Israeli attacks since March 2Oman oil terminal: Suspended crude oil loading operations at Mina al-Fahal terminal after explosion near berthsThe Impact Analysis: Regional Instability and Power DynamicsIran adviser flags concerns over draft deal: Mohsen Rezaei, an adviser to Iran's Supreme Leader Mojtaba Khamenei, said the draft memorandum of understanding being negotiated to end the war still contains 'ambiguities' that need to be clarified. Speaking to Iranian state television, Rezaei also accused US President Donald Trump of trying to pressure Tehran into accepting Washington's terms while keeping Iran's own conditions 'in a vague state'.Questions over US strategy: Reporting from Washington, DC, Al Jazeera's Kimberly Halkett said the White House is facing growing questions over why a negotiated agreement with Iran is still needed after President Donald Trump repeatedly claimed US military action had 'obliterated' Iran's nuclear programme. Halkett said critics are asking: 'If these military objectives have been achieved, then is there still a need for talks?' She added that 'with each passing week that this war drags on' and negotiations remaining stalled, it is becoming increasingly difficult for the administration to reconcile its claims of success with the continued push for diplomacy.Hezbollah rejects conditional ceasefire: Hezbollah leader Naim Qassem rejected the limited truce agreed to by Lebanese and Israeli representatives in the US, demanding a complete ceasefire and a full Israeli pullout from the country. Qassem also warned of more attacks on northern Israel, highlighting the difficulties in reaching a lasting peace. Both sides have blamed each other for breaking a previous ceasefire announced in April.Oman oil terminal disruption: Reuters reported that Oman has suspended crude oil loading operations at its key Mina al-Fahal terminal after an explosion near its single-buoy mooring (SBM) berths. Citing unnamed sources, the agency said the blast occurred between SBM 1 and SBM 2 and was allegedly caused by a drone attack.Trump says US does not need a deal to access Iran's uranium: The US president said Washington could access Iran's enriched uranium without reaching an agreement with Tehran, arguing the material is effectively 'entombed'. Trump also said he does not plan to meet Iran's Supreme Leader Mojtaba Khamenei, but he suggested a meeting could be possible if a deal is eventually reached, adding that 'if it happened ... I'd be respectful'.Ultra-Orthodox protest blocks major highway: Hundreds of ultra-Orthodox Israelis blocked Highway 1 in protest against the government's enforcement of military conscription for religious students, according to Israel's Channel 10. The demonstrations began after police stopped two ultra-Orthodox students and transferred one to military authorities. Large numbers of police and border guards were deployed to clear the highway and disperse protesters.Hezbollah rejection raises fears of escalation: Reporting from Beirut, Al Jazeera's Ali Hashem said Hezbollah remains the key actor on the Lebanese side when it comes to decisions about fighting and any potential halt to hostilities with Israel, 'regardless of what the Lebanese government says'. Given Hezbollah's rejection of the US-brokered ceasefire, Hashem warned that further escalation is likely from both Hezbollah and Israel. He noted that southern Lebanon and the western Bekaa Valley experienced significant Israeli air and ground attacks on Thursday, adding that Hezbollah's position suggests 'it is going to be a very difficult situation' in the days ahead.The Prediction: Escalation Likely Amidst Diplomatic StalemateWith Hezbollah rejecting the ceasefire conditions and continuing attacks, and Israel maintaining its military operations, the region appears headed toward further escalation. The diplomatic efforts to resolve the conflict with Iran remain stalled, with both sides expressing distrust and setting conditions that may be difficult to reconcile. The oil disruption in Oman also adds another layer of economic complexity to the already volatile situation.
#Israel #Hezbollah #Iran
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Business Jun 05, 2026

Gary Lineker's Goalhanger Named UK's Fastest-Growing Media Company

Gary Lineker's media production company Goalhanger has been named the UK's fastest-growing business…
The LeadFormer England footballer Gary Lineker's media production company Goalhanger has been crowned the UK's fastest-growing business, according to the latest Sunday Times list of the 100 quickest-growing private companies. The company, which produces popular podcast series including 'The Rest is History' and 'The Rest is Politics,' achieved remarkable growth with £37.9m in sales in 2025, representing an average annual growth rate of 321% over the past three years.The Podcast EmpireGoalhanger has built a diverse media portfolio centered around its 'The Rest is …' podcast series. This includes 'The Rest is History' hosted by historian Tom Holland and journalist Dominic Sandbrook; 'The Rest is Entertainment' featuring Richard Osman and Guardian columnist Marina Hyde; Lineker's own 'The Rest is Football'; and 'The Rest is Politics' hosted by Rory Stewart and Alastair Campbell. These podcasts exploded in popularity following the coronavirus pandemic and now collectively boast more than 750 million listeners worldwide.The Financial BreakthroughDespite employing just 80 people at its London headquarters, Goalhanger has demonstrated exceptional financial performance. The company has boosted its revenue through paid subscriptions and events, reaching a milestone of 250,000 paid subscribers in January 2026. These subscribers generate approximately £15m in annual revenue for the company. The financial success has attracted significant investment, including a minority stake purchase by Los Angeles-based investment firm The Chernin Group in January 2026.The Media Industry TransformationGoalhanger's rise reflects a broader shift in the UK media landscape toward digital-first content creation and distribution. The company's success demonstrates how former public figures can leverage their expertise and audience reach to build substantial media enterprises. Additionally, Goalhanger's expansion into venture capital, with investments in creator-led media businesses like Invisible Media and Backyard Cricket, signals the company's ambition to shape the future of creator-driven media in the UK and beyond.The Future OutlookWith strategic partnerships including a £14m deal with Netflix to broadcast 'The Rest is Football' during the World Cup, Goalhanger is positioned for continued growth. The company's venture capital arm and existing subscriber base provide a solid foundation for expansion into new markets and content verticals. As the UK's fastest-growing business, Goalhanger exemplifies the potential of podcasting as a dominant media format, with further international expansion likely as the company capitalizes on its proven business model and growing global audience.
#Gary Lineker #Goalhanger #Podcasts
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Business Jun 05, 2026

LA Stadium Workers Vote on Strike Ahead of World Cup

Workers at SoFi Stadium in Los Angeles are voting on whether to authorize a strike one week before …
The Impending Strike at SoFi Stadium Workers at SoFi Stadium in Inglewood, California, are voting on whether to authorize a strike one week before World Cup soccer games are slated to begin in the Los Angeles area. Reasons Behind the Strike Unite Here Local 11's strike authorization vote comes as ongoing negotiations for a new contract with stadium operator Legends Global have stalled, with workers saying they deserve a greater share of the windfall from a packed schedule of coming mega-events that include the World Cup, the Super Bowl and the Olympics. Workers want higher wages to cope with the high cost of living in California. They are seeking greater guarantees for their safety, particularly concerning ICE officers. Impact on World Cup Events SoFi Stadium, normally home to Los Angeles's two NFL teams, is hosting eight matches during the 2026 World Cup, starting with June 12's match between the US and Paraguay. The venue has temporarily been renamed 'Los Angeles Stadium' for the duration of the games, due to Fifa's strict branding rules. Worker Concerns and Demands Workers also want Fifa to refuse to allow ICE officers into the stadium during the World Cup, citing concerns about the safety of foreign-born union members and spectators. Last month, the union and the American Civil Liberties Union of southern California asked the attorney general, Rob Bonta, to investigate Fifa's data-collection practices, saying that Fifa was collecting workers' sensitive personal details and handing that information over to the Department of Homeland Security. Next Steps The strike authorization vote's results will be announced later Friday. If the vote is successful, it could lead to a strike just before a major international event, potentially disrupting World Cup preparations and operations at SoFi Stadium.
#SoFi Stadium #World Cup #Unite Here Local 11
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Science Jun 05, 2026

Biotech Barbie Cathy Tie Pursues Open Gene Editing of Babies Despite Global Bans

Canadian entrepreneur Cathy Tie, known as 'Biotech Barbie,' is pursuing genetic modification of emb…
The Lead: Biotech Barbie's Mission to Edit Human DNA Cathy Tie, a Canadian entrepreneur known as "Biotech Barbie," is pursuing a controversial mission to genetically modify embryos to prevent hereditary diseases, following in the footsteps of her ex-husband He Jiankui, who served prison time for creating the world's first gene-edited babies. Despite global bans on germline gene editing for reproductive purposes, Tie aims to conduct this work openly with regulatory approval and venture capital funding. The Technical Breakthrough: Gene Editing Made Accessible Since the invention of the Crispr-Cas9 gene editing tool in 2012, the technical process of altering DNA has become relatively straightforward. "The hardest thing about genetically engineering a baby is getting permission to do it; the technical part is not particularly complicated," the article explains. The process is compared to using "find, copy, cut and paste functions on a computer" and doesn't require extensive expertise in molecular biology. Germline gene editing—altering eggs, sperm, or early embryos—is particularly significant because changes are passed down to future generations, potentially altering human evolution permanently. This is why such procedures are banned in the UK, US, and China, with international agreement against research that could result in gene-edited babies. The Financial Landscape: Billionaires Investing in Genetic Engineering Money is flowing into human genetic engineering, with some of the world's richest men investing in companies pursuing similar goals. Preventive, a gene editing startup launched in October 2025 with the aim of "preventing disease before birth," has attracted investment from OpenAI's Sam Altman, his husband Oliver Mulherin, and Coinbase CEO Brian Armstrong. Armstrong has coined the term "the Gattaca stack"—referencing the dystopian film about a genetically engineered society—which includes technologies for "disease prevention, or enhancement" of babies. This suggests a growing interest not just in preventing diseases but in enhancing human traits. Preimplantation genetic testing (PGT), already common in the US fertility treatments, allows parents to "choose the embryo that best matches what you want," with companies like Nucleus Genomics advertising on subways with the tagline "Have your best baby." The Global Impact: A New Biological Arms Race? "There's a big geopolitical component to this," Tie states, referring to the growing interest in genetic engineering. China, where Tie was banned from entering, has already demonstrated what gene editing can do—Chinese researchers made the first edits to human embryos in 2015, and Tie's ex-husband He Jiankui created the first gene-edited babies, twin girls known as Lulu and Nana. Since his release from prison in 2022, He has become an unlikely social media star with close to 150,000 followers on X, making unrepentant posts about "designer babies" being "inevitable." Meanwhile, China's biotechnology ambitions have expanded, with Premier Li Qiang announcing new regulations emphasizing "the need to promote innovative development" and "accelerate R&D; and commercialization." In response to China's announcement, Tie posted: "Welcome to the dawn of the biological arms race." The Future Outlook: Inevitable Genetic Modification "Biology is a double-edged sword – it can be used for good, to heal people, or it can be used for bad," Tie explains. "Stopping this research will only drive bad actors to do it secretively. There is no way to stop this. This is inevitable. The only way to proceed is to do it openly and transparently." Tie named her first human gene-editing company the Manhattan Project, drawing a parallel between the nucleus of the atom and the nucleus of the cell. "In the 20th century, we understood the nucleus of the atom very well, and we learned some very difficult lessons via weapons and wars," she says. "I don't want to see the same happen with the second nucleus." Despite her declared commitment to openness, much of Tie's work remains shrouded in secrecy. Her first company, the Manhattan Project, has since shut down due to what she calls a "fundamental mistake" in choosing a co-founder. She has since launched Origin Genomics, continuing her pursuit of genetic modification of embryos.
#Cathy Tie #He Jiankui #gene editing
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Sports Jun 04, 2026

Ronaldo, Messi and Football's Legends: Final World Cup Appearances in 2026

The FIFA World Cup 2026 could mark the final appearances for some of football's greatest talents, i…
The Final Bow for Football's GreatestThe FIFA World Cup 2026 could be the final act for some of football's finest talents. Although some of this tournament's players will set a men's football record by appearing in their sixth World Cup, age is catching up, and other players have struggled with injuries.Cristiano Ronaldo - Portugal's Ageless WonderAlthough fitness has been one of Ronaldo's biggest strengths during his illustrious career, at 41, the Portugal forward knows his playing days are numbered. Numbers have always been on the former Manchester United and Real Madrid forward's side, though, and he fired in 30 in 37 matches for Al-Nassr this season, while his tally for Portugal currently sits at 143 goals.The second-oldest player at this year's tournament, only behind Scotland's 43-year-old Craig Gordon, Ronaldo heads to his record sixth World Cup, well aware it could be his final chance to lift the coveted golden trophy: the only one missing from his glittering cabinet.Lionel Messi - Argentina's Final ChapterLike Ronaldo, Messi is also off to his record sixth finals appearance, one where he will lead Argentina's defense of the title they won in Qatar four years ago. Argentina's all-time leading scorer and appearance holder, Messi, has struggled with injury in the build-up to the tournament, raising doubts about whether he will feature in each game and if his body can keep up with the gruelling demands of an expanded World Cup.The eight-time Ballon d'Or winner's impact and talent, however, are such that, even at 38, he remains the heartbeat of the football-crazy South American nation.Luka Modric - Croatia's Midfield MaestroAfter playing a key role in Croatia's run to the 2018 final and a third-place finish in 2022, Modric is ready for his fifth and final appearance at the World Cup. As the 40-year-old heads to the tournament after undergoing cheekbone surgery, the veteran knows the team still relies heavily on him for his playmaking prowess.The ageing midfielder, also the Balkan nation's captain, still enjoys a hero's status within a side that has often defied expectations on the global stage. Enjoy his magic in midfield before he bows out.Neymar Jr - Brazil's Comeback KingAt 34, Brazil's all-time leading scorer Neymar is much younger than Messi or Ronaldo, but unlike the two greats of the game, his place in the national team is not guaranteed. Neymar's comeback in the Brazil squad after a two-and-a-half-year hiatus electrified football fandom, and only time will tell whether it was a gamble or a tactical masterclass by coach Carlo Ancelotti.With a history of fitness issues, a series of injuries and mounting age (he would be 38 by the 2030 World Cup), what looks more certain is that this could be Neymar's fourth and final act at the tournament.Manuel Neuer - Germany's Goalkeeping LegendSuch is the "aura" of Neuer, as coach Julian Nagelsmann said last month, that the 40-year-old came out of retirement to be named Germany's first-choice goalkeeper for the 2026 World Cup. Back in the squad after nearly two years, fans will have a final chance to see him at the World Cup.Widely regarded as one of the greatest goalkeepers, Neuer has played at four World Cups, most notably having a key role in Germany's 2014 World Cup triumph on Brazilian soil.Mohamed Salah - Egypt's African StarArguably Africa's greatest player of all time, Salah became a global superstar on the back of his success at Liverpool, where he won nine trophies. At 33, and no longer at the peak of his powers, this could be the forward's second, and possibly final, World Cup.An underwhelming season and his subsequent departure from Liverpool may have tempered expectations. Yet Egyptians continue to place their faith in their beloved number 10, hoping he can inspire the nation and help deliver something it has never experienced before: the joy of celebrating a World Cup victory.Kevin de Bruyne - Belgium's Playmaking EngineA big part of Belgium's "golden generation" between 2014 and 2022, playmaker De Bruyne continues to flourish in his duties for club and country. Age, however, is starting to catch up with the playmaker, who turns 35 later this month.The Napoli midfielder's performance is central to Belgium's odds of a deep run at the 2026 World Cup, and he will be eager to drive them to a memorable finish in what will be his fourth and presumably final appearance at the tournament.Virgil van Dijk - Netherlands' Defensive LeaderExperienced centre-back van Dijk is not quite the force he was a few years ago, when he won the Champions League and Premier League in back-to-back seasons with Liverpool. The Netherlands captain turns 35 next month, and the Dutch could move on with a younger defensive core by the time the 2030 edition comes around.After reaching the 2022 World Cup quarterfinals and Euro 2024 semifinals, van Dijk will hope to take the team one step further in what will be his third finals.Sadio Mane - Senegal's Inspirational CaptainWidely regarded as one of the world's best wingers, Mane heads to the World Cup seeking to make up for the disappointing leg injury that denied him a shot at Qatar 2022. At 34, the Senegal international is far from the peak of his career, which saw him enjoy trophy-laden spells at Liverpool and Bayern Munich.Despite his mounting age, Mane remains the team's source of inspiration and creativity, and he was an integral part of the side that beat Morocco in the Africa Cup of Nations final – only for the result to be overturned due to Senegal's mid-game protest.Mane will feature in his third, and likely final, World Cup, given that the Teranga Lion has said the last AFCON was his last, although the coaching team have said they have not given up on changing his mind.Guillermo Ochoa - Mexico's Record-Setting GoalkeeperPart of an esteemed group which includes Messi and Ronaldo, Ochoa is also set to play at a record sixth World Cup. The goalkeeper, who will turn 41 next month, had not been part of the national squad in recent years, but was picked for the tournament, which is being co-hosted by his country, Mexico.Known for being a formidable figure in Mexico's previous World Cup campaigns, Ochoa will retire at the end of the team's run at the tournament.The FIFA World Cup begins on June 11. You can follow the action on Al Jazeera's dedicated World Cup 2026 page with all the latest news, match build-up and live text commentary, and keep up to date with group standings, real-time match results and schedules.
#Cristiano Ronaldo #Lionel Messi #FIFA World Cup 2026
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Environment Jun 04, 2026

Swiss Startup VunaNexus Turns Human Urine into Certified Fertiliser Amid Global Fertiliser Crisis

VunaNexus, a Swiss startup, has installed urine‑diverting toilets at the European Space Agency’s Pa…
Urine‑to‑Fertiliser System Deployed at ESA HeadquartersAt the European Space Agency’s Paris campus, specialised toilets separate urine at the source and channel it to a basement treatment plant. The plant removes micropollutants, concentrates nitrogen and phosphorus, pasteurises the liquid at 90°C, and outputs a liquid fertiliser named Aurin.Cost Structure Reveals Urine‑Derived Nitrogen Still PremiumVunaNexus admits that producing one kilogram of nitrogen from urine costs 40‑50 times more than synthetic fertiliser, a hurdle for competitiveness. Scaling the process and monetising the wastewater‑treatment service are cited as essential steps to lower unit costs.Geopolitical Shock Fuels Interest in Alternative FertilisersThe 2022‑onward chokehold on the Strait of Hormuz, which handles roughly one‑third of global fertiliser raw‑material trade, exposed market fragility. Rising prices have pushed the UN to warn that 45 million people face acute hunger, intensifying demand for sustainable substitutes.Potential Impact on European Agriculture and Urban Water SystemsAccording to CEO David de Chambrier, if Europe recycled all its urine, it could meet about 30 % of the continent’s nitrogen needs. While insufficient to overhaul the market, such recycling could bolster water‑treatment resilience in dense cities and cut the environmental footprint of conventional fertilisers.Scaling Outlook and Market ProspectsVunaNexus currently operates in several Swiss and French buildings, processing roughly 3 million litres of urine annually, and is expanding into a major eco‑neighbourhood project in Paris—the largest of its kind in Europe. Success will depend on achieving economies of scale, securing broader regulatory approval, and integrating the service model into municipal waste‑management contracts.
#VunaNexus #David de Chambrier #Aurin
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Business Jun 04, 2026

Lex Greensill Banned from Running UK Companies for Nine Years

Lex Greensill, the former financier behind Greensill Capital, has been banned from running UK compa…
The Ban on Lex Greensill Lex Greensill, the disgraced former financier, has been banned from running a UK company for nine years following the 2021 collapse of his £1.6bn supply chain invoicing firm, Greensill Capital. The Collapse of Greensill Capital Greensill Capital collapsed into administration in March 2021 with liabilities of more than £1.6bn. The firm's collapse led to a significant financial scandal, involving former Prime Minister David Cameron and Japanese investor Masayoshi Son. The Insolvency Service's Findings The Insolvency Service found that Greensill breached his legal duty to exercise reasonable care, skill, and diligence as a company director, causing a loss of $440m to Credit Suisse. Greensill directed his companies to enter transactions that removed legal protections from loan notes, despite lacking the required written consents. The Impact of the Collapse The collapse of Greensill Capital caused chaos for companies owned by Sanjeev Gupta's Gupta Family Group (GFG) Alliance, which had relied heavily on Greensill financing. The UK's Serious Fraud Office is investigating suspected fraud, fraudulent trading, and money laundering related to GFG's financing arrangements with Greensill Capital. The Future Outlook Greensill still faces a separate civil action by administrators for Greensill Capital (UK), in which he is named as a defendant. The nine-year ban on Greensill running UK companies reflects the serious nature of his conduct and serves as a warning to other company directors.
#Lex Greensill #UK Companies #Insolvency Service
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