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Statutory Maternity Pay Delays Harriett Thompson applied for 21 weeks of SMP at £187.18 per week – a total of £3,931.78. The statutory maximum is £194.32 per week, meaning she missed out on £7.14 weekly, or £149.94 over the full claim. HMRC cited a backlog; the first cheque arrived on 8 April 2026, almost a year after the expected April 2025 payment. Similar cases reported delays of 18 months to 3 years, with some receiving threatening HMRC letters. Financial Impact on Self‑Employed Self‑employed claimants must fund their own SMP through their limited company and then seek reimbursement from HMRC, turning a normally automatic payroll process into a manual, unpredictable one. Richard Douglas of Oakworth Financial Planning notes that once the process becomes manual, “timescales are almost impossible to predict due to a lack of processing staff and extra verification checks.” Selina Flavius of Black Girl Finance describes the system as “clunky” and “designed with traditional employers and employees in mind,” leaving director‑owners to juggle cash‑flow while awaiting reimbursement. Even when paid, the SMP rate is lower than the 90 % average‑earnings uplift employees receive, meaning freelancers can lose “hundreds or thousands of pounds” over the leave period, according to Catherine Goldfinger of Milk & Money. Mortgage Challenges Mortgage lenders assess income stability. Habito explains that self‑employed borrowers without employees face “big impact on income” assessments, often resulting in higher deposits and specialist brokers. Rachael Twumasi‑Corson needed three years of tax returns and a 15 % deposit to secure a mortgage in late 2021. Fluctuating earnings during maternity leave increase perceived risk, leading to longer approval times and stricter terms. Expert Commentary Richard Douglas (Oakworth Financial Planning): “HMRC’s systems work well for traditional employer‑employee relationships; for owner‑operators the process is manual and slow.” Selina Flavius (Black Girl Finance): “The statutory maternity pay money is there, but the claim process is awkward, slow and prone to confusion for director‑owners.” Catherine Goldfinger (Milk & Money): “Maternity allowance lacks the six‑week average‑earnings uplift, meaning self‑employed parents can lose significant income.” Key Takeaways Self‑employed mothers must front SMP payments, creating cash‑flow strain. HMRC delays can extend up to three years, undermining financial stability. Mortgage applications become harder, often requiring larger deposits and specialist brokers. Policy designed for traditional employment leaves a gap for director‑owners and freelancers.

Turkey’s leadership sees the fallout from the Iran‑U.S. confrontation as a chance to rebrand the country as a secure gateway for capital flowing from the Gulf, even as the war has pushed up local fuel costs and forced the state to tap foreign‑exchange reserves to support the lira. While Iranian missiles have battered infrastructure in the United Arab Emirates, Saudi Arabia and Qatar, Turkey—shielded by NATO air defenses—has largely escaped direct attacks, allowing Ankara to promote a narrative of security and stability for businesses. President Recep Tayyip Erdoğan has openly framed the regional crisis as a catalyst for Turkey’s ambition to elevate Istanbul into a premier global financial centre. In a recent social‑media statement he echoed the sentiment that, just as the pandemic opened new opportunities, the current geopolitical shock will "open new doors" for the nation. Finance Minister Mehmet Şimşek confirmed that the government is drafting "radical" incentive packages aimed at attracting foreign capital, though details remain under wraps. Experts say the proposed measures could include tax exemptions for firms that route commodity trades through Turkish entities without physically importing goods, offering a meaningful fiscal advantage over traditional Gulf intermediaries. "A liberal investment climate, streamlined entry procedures and comprehensive incentives could boost Turkey’s standing," said Bilal Bağış, head of economics at Fatih Sultan Mehmet Vakıf University. The outlook is reinforced by the recent launch of the Istanbul Financial Center (IFC) in 2023, which promises a 100 % corporate‑tax exemption on export earnings until 2031. IFC officials report growing interest from both private firms and sovereign investors, especially from East Asian economies. "We are in close dialogue with Japan, South Korea and the United Kingdom," an IFC spokesperson told Al Jazeera, highlighting Istanbul’s "triple advantage" of geography, innovation and economic depth, with a claim that the city can reach 1.3 billion people and a $30 trillion market within a four‑hour flight. Nevertheless, Istanbul still lags behind regional rivals. The latest Global Financial Centres Index places it at 101st, far behind Dubai (7), Abu Dhabi (21), Doha (48) and Riyadh (61). The gap reflects persistent challenges: double‑digit inflation, a lira that loses roughly 20 % of its value against the dollar each year, and concerns over policy predictability. Analysts warn that without addressing structural issues—such as high bureaucracy, legal uncertainty and imported inflation—Turkey’s bid to become a financial hub may remain aspirational. "The math gets complicated fast for firms earning in multiple currencies while paying salaries in a depreciating lira," noted Gulf‑based adviser Güney Yıldız. Occupancy at the IFC is still below half, though officials aim for a 75 % fill rate by year‑end. Critics argue that Istanbul lacks the "tabula rasa" appeal of Dubai, where regulatory frameworks can be more readily shaped to investor preferences. Some scholars suggest that Turkey should view its strategy as a gradual positioning rather than a direct showdown with Dubai. Finance professor Hasan Dincer emphasized that long‑term investor confidence hinges on predictability and transparent policy, noting that the success of initiatives like the IFC will depend on sustained implementation.

Juba, South Sudan – Growing up, Khloe Nyanda was taught to stay small and avoid taking up space. Defying that lesson, the 21‑year‑old law student at the University of Juba pursued modeling after being inspired by South Sudanese supermodel Adut Akech, whose refugee‑to‑runway story she describes as a "crown".Nyanda’s ambition mirrors that of a new generation of South Sudanese talent, with 95% of models from the country naming Akech as their spark. She began modeling in 2023, but her family remained skeptical, fearing the clash between academic responsibilities and a fashion career.Her personal journey has been marked by familial estrangement after she rejected an arranged marriage and a modelling coach’s advances, leading to loss of support from her stepbrother and other relatives.Beyond social pressures, Nyanda faces systemic obstacles. Since 2023 she has endured multiple visa rejections despite contracts with agencies in London, Paris, and Italy. An attempt to attend Milan Fashion Week was denied by the Italian embassy in Nairobi over bank‑statement issues, while two separate applications to the French embassy in Kampala were also turned down. The absence of South Sudanese embassies in France and Italy forces hopeful models to obtain travel documents from neighboring countries, inflating costs and delays.Another emerging model, 20‑year‑old Alek Mayen Garang, balances her senior‑year studies with runway aspirations. Born in Greater Jonglei and raised in Renk, she spent part of her childhood in Kampala before returning to South Sudan amid the 2016 conflict. Garang draws inspiration from Anok Yai, the American‑South Sudanese model named Model of the Year at the 2025 British Fashion Awards.Unlike Nyanda, Garang found an ally in her elder sister, who accompanied her to her first runway show and helped negotiate parental approval. Her early challenges were technical—learning to walk in heels, maintaining strict diet and skincare regimens—and the lingering fear of rejection at auditions.Both women are part of a broader South Sudanese surge in global fashion. Nine of the world’s top 50 models on models.com hail from South Sudan, underscoring the country’s deep talent pool. Former models have transitioned to design and entrepreneurship, founding South Sudan Fashion Week and creating bespoke wedding gowns.Industry veterans now coach new talent, urging them to prioritize education alongside modeling. Yet a new anxiety looms: the potential rise of AI‑generated Black models, which could further destabilize already precarious careers.Within South Sudan, the Ministry of Culture, Museums and National Heritage has been criticized for its limited engagement with the modeling sector. Advocates argue that official endorsement could shift parental attitudes and legitimize modeling as a respectable profession.Garang recently won the “creativity” award at the national Miss Junub beauty pageant, expanding her vision from personal success to mentoring emerging designers and models. Nyanda, meanwhile, envisions a future beyond the runway: she plans to invest her earnings in establishing a credible mother agency, as well as a school and hospital for orphans, aiming to reinvest in her homeland.“South Sudan is not a place I am running from; it is the place I am running for,” Nyanda declares, embodying a resolve to reshape societal expectations and create pathways for the next generation of South Sudanese talent.

Marcus Rashford's future at Manchester United hangs in the balance as his loan spells at Aston Villa and Barcelona come to an end. The 28-year-old has not played for United since December 2024 and is currently on loan at Barcelona, who have the option to purchase him for €30m (£26m).Manchester United sit comfortably in third place in the Premier League, seven points above sixth-placed Chelsea, but will not want to see the gap close come full time at Stamford Bridge. A return to Europe's top table is vital for United, which would result in players' wages increasing, including Rashford's salary reaching £325,000 per week on his deal, which runs until 2028.Michael Carrick, United's manager, has stated that the door is not completely closed on Rashford playing for United again. 'There's decisions to be made in time on certain things, and obviously Marcus is in that situation. But at this point in time, nothing's been decided,' Carrick said. 'Certainly from my perspective, whoever's here I want to work with, make the best out of, and help them improve.'Rashford's situation is complicated by United's desire to sell him, but few clubs could match his current earnings. Carrick will want to see his team bounce back from Monday night's home defeat by Leeds, but faces a defensive crisis with Harry Maguire and Lisandro Martínez out of the lineup.

War, energy crises and supply‑chain disruptions are eroding confidence across Europe, driving up energy costs and exposing dependence on fossil fuels and critical minerals. These challenges highlight the continent’s structural vulnerabilities.At the same time, coordinated European action—such as the joint effort to protect Greenland’s sovereignty—demonstrates how a united front can expand political and security options. Despite turbulence, Europe remains a highly attractive place to live and work.Germany’s next step, according to Finance Minister Lars Klingbeil, is to secure a sovereign future that is not rooted in nationalism but in collective European strength. He stresses that Europe’s resilience depends on its ability to act independently of external pressures from the United States, China or Russia.The government is launching a €500 bn investment fund aimed at modernising infrastructure and delivering high‑quality public goods. Coupled with a recent amendment to the “debt brake,” this financing will enable upgrades to the armed forces and deeper NATO engagement.Klingbeil also points to Europe’s talent drain, noting that many start‑ups relocate to the United States due to limited capital. To counter this, he advocates accelerating the single European capital‑markets union, giving firms easier access to financing.Germany’s traditional system of collective bargaining—linking unions, employers and the state—offers a strategic advantage during crises. Building on this, the proposed tax overhaul aims to raise disposable incomes for roughly 95 % of households while asking the wealthiest to contribute more.With a part‑time employment rate close to 40 %, one of the highest in the EU, and half of women working part‑time, the reform agenda targets structural labour‑market barriers. Current measures, such as income‑splitting for married couples, can discourage higher earnings because of benefit withdrawal thresholds.Investments in childcare facilities and the expansion of all‑day schools are also on the agenda, intended to ease family life and support higher labour‑force participation.Affordability measures will focus on reducing energy, transport and housing costs while improving education and childcare provision.The ongoing conflict in Iran reinforces the need for a decisive energy transition. Klingbeil calls for expanded wind and solar capacity, larger electricity‑storage solutions, and modernised grids, warning that any push to revive nuclear power threatens Germany’s sovereignty.Europe must continue to champion open trade, as illustrated by recent EU agreements with Australia, Mercosur nations and India. Yet, to guard against unfair competition, the bloc should consider local‑content rules and “Buy European” policies in strategic sectors, and tighten investment‑protection standards to ensure foreign takeovers deliver tangible economic and technological benefits.Public officials must lead the charge, but businesses are also urged to prioritize community and employee welfare over short‑term profit motives.These domestic reforms and external alliances are presented as two sides of the same coin: a confident, democratic Europe that acknowledges its weaknesses, embraces bold change, and sets its own terms on the global stage.Upcoming progressive leaders’ meetings in Barcelona (April 17‑18) will serve as a platform to cement this vision, positioning a reformed Germany as a cornerstone of a stronger Europe.In Klingbeil’s words, “strength is freedom; sovereignty is not about walls, but about having the power to keep them down.”

Richard Desmond, the media tycoon and former proprietor of the Daily Express and Channel 5, has lost his claim for up to £1.3bn in damages against the Gambling Commission. The claim was related to the regulator's decision not to award him the 10-year licence to run the national lottery.Desmond's companies, Northern & Shell investment company and the New Lottery Company, had launched a legal action against the Gambling Commission in 2022, arguing that the commission made 'manifest errors' in the process governing the UK's largest public sector contract, worth £6.5bn. The legal process was lengthy, with Desmond's costs estimated to have reached £55m by May last year.The media mogul claimed the commission's mistakes caused him to incur £17.5m of needless costs in pursuing his bid. However, he was also seeking up to £1.3bn in damages to reflect hypothetical lost earnings from running the lottery.The licence was ultimately awarded to Allwyn, a new vehicle owned by Czech billionaire Karel Komárek, which has been running the draw since 2024. On Friday, Mrs Justice Smith dismissed Desmond's claim, stating that the claimants had failed to make out any case of 'manifest error' on the part of the commission.The competition for the award of the fourth licence was found to have reached a lawful outcome. Desmond had previously failed with a separate claim that Allwyn had received an unlawful £70m marketing subsidy from the Gambling Commission.

Netflix co-founder Reed Hastings is leaving the streaming service he co-founded 29 years ago, as the company regains its footing after losing a $72 billion deal for Warner Bros Discovery to Paramount Skydance.In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits.The company's stock plunged about 8 percent on the news of Hastings's departure. The co-founder is credited with helping to revolutionize how movies and television shows are delivered in homes, upending Hollywood's business model.“Netflix is growing revenues double-digits, expanding margins in 2026 and gushing free cash flow,” said LightShed Partners media analyst Richard Greenfield. “While the Q1 was uneventful financially, the departure of Reed Hastings has spooked investors.”Netflix reaffirmed in a 14-page shareholder letter that its mission remains “ambitious and unchanged” – to entertain the world, providing movies and series for many tastes, cultures and languages. The company’s full-year outlook remained unchanged.The company did not say how it plans to spend the $2.8 billion termination fee it received after losing the Warner Bros movie studio and HBO, and lifted its earnings per share to $1.23 in the first quarter compared with 66 cents per share in the same quarter last year.Revenue rose to $12.25 billion, an increase of 16 percent from the year-ago period, modestly exceeding analyst forecasts of $12.18 billion.Netflix, which long told investors that a Warner Bros acquisition was a “nice to have, not need to have” proposition, highlighted areas of future growth.The company said its investment in expanding its entertainment offerings, with video podcasts and live entertainment – such as the World Baseball Classic in Japan – is driving engagement.It plans to use technology to improve the user experience and improve monetization, as advertising revenue remains on track to reach $3 billion in 2026 – a twofold increase from a year ago.

The prospect of a renewed U.S. oil blockade has sparked concerns across Havana’s tobacco fields, where the cigar industry remains a cultural and economic cornerstone. Analysts warn that restricting oil supplies could disrupt the energy‑intensive processes essential for curing, rolling, and transporting premium cigars, potentially undermining production volumes and export revenues. Cuba’s cigar sector accounts for a significant share of the island’s foreign‑exchange earnings, with premium brands commanding premium prices in markets worldwide. A sustained energy shortage would not only raise operational costs but could also force producers to scale back output or seek alternative, less efficient energy sources, eroding the competitive edge that Cuban cigars have long enjoyed. Beyond the immediate economic impact, the blockade could deepen existing tensions in U.S.-Cuba relations. The move may be interpreted as a strategic lever to pressure the Cuban government, yet it also risks alienating stakeholders in the global tobacco trade and could invite retaliatory measures. While the full extent of the blockade’s effect remains uncertain, experts stress that any disruption to the cigar supply chain would reverberate through related sectors—tourism, agriculture, and logistics—exacerbating the island’s broader fiscal challenges. Policymakers on both sides are therefore urged to weigh the economic costs against geopolitical objectives before implementing such a measure.

Wall Street climbed to a fresh all‑time high on Wednesday as investor confidence rose on the prospect that the US‑Israel war with Iran could soon end.The benchmark S&P 500 closed at 7,022.95, breaking the 7,000‑point barrier for the first time and posting a 0.8% gain. The tech‑heavy Nasdaq surged 1.6% to 24,016.02, also a record, while the Dow Jones Industrial Average remained broadly flat.This rally has erased the steep losses recorded during the early weeks of the conflict, buoyed by the two‑week cease‑fire deal announced last week between the United States and Iran.In a Wednesday interview, former President Donald Trump told Fox Business the war was “very close to over,” a statement that lifted trader sentiment.The White House later clarified it had not requested an extension to the cease‑fire, which is set to expire on 22 April, but said negotiations were “productive and ongoing.”Quarterly earnings from Bank of America and Morgan Stanley beat market estimates, reinforcing confidence in the economy. Bank of America CEO Brian Moynihan highlighted strong consumer spending, improving credit quality, and increased corporate line usage.Despite reports that the United States is preparing a naval blockade of the Strait of Hormuz—a chokepoint for roughly a fifth of the world’s oil and gas shipments—the markets stayed upbeat. The Pentagon has deployed 15 warships and thousands of service members to enforce the restriction.Oil markets reacted positively to the cease‑fire news, with Brent crude falling about 10% to around $95 a barrel, though this price remains roughly 35% above pre‑conflict levels.