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Glass Lewis, a leading proxy adviser, has advised investors to vote against BP's chair Albert Manifold because the board chose to exclude a climate‑strategy resolution from the upcoming annual general meeting.The resolution, put forward by activist shareholder group Follow This, sought a discussion of BP's long‑term strategy under scenarios of declining oil and gas demand.BP, currently pivoting back to oil and gas after a faltering renewable push, appointed Manifold in October with a promise to help the company “reach its full potential”.In a parallel leadership change, the firm named Meg O’Neill, a former ExxonMobil executive, as chief executive – making her the first woman to lead BP and its fourth CEO since 2023.Glass Lewis argued that the board’s decision to drop the climate proposal raises serious questions about transparency, shareholder communication and responsiveness, according to a note first reported by Reuters.Manifold responded on BP’s website, stating that the board concluded the Follow This proposal was invalid and would be ineffective if passed.Another proxy adviser, ISS, also recommended voting against BP’s request to retire two older climate‑impact reporting resolutions, contending that the proposals remain relevant despite newer reporting frameworks.Follow This disclosed that 12 institutional investors plan to oppose BP’s move to scrap its climate disclosures, and its CEO Mark van Baal warned that more than 25% of shareholders could vote against the resolution, enough to block it.O’Neill, addressing staff, highlighted the “significant complexity” of today’s environment – geopolitical tension, rapid technological change, and shifting global energy demand – and reaffirmed BP’s mission to deliver energy safely, reliably and efficiently.

Napoli's president, Aurelio De Laurentiis, has expressed his willingness to let coach Antonio Conte leave for the Italy national team job if Conte requests it. This statement comes after Gennaro Gattuso resigned as Italy's coach on Friday, following the team's failure to qualify for the World Cup for a third consecutive time.Conte, who led Italy at Euro 2016, has a contract with Napoli until 2027. The Italian champions are currently seven points off the Serie A leaders, Inter, with seven matches remaining. De Laurentiis told the website Calcionapoli24: 'If Conte asked me to allow him to become the national team coach again, I would say yes.'De Laurentiis also mentioned that he believes Conte is intelligent and would not consider taking charge of the disorganized Italian football federation. Other coaches, such as Massimiliano Allegri, have also been linked with the Italy position. However, Gattuso's replacement will not be named until after the federation's extraordinary meeting on June 22 to elect a new president.

A sharp political row has ignited between the central government in Madrid and the Basque regional authorities over a request to display Picasso’s Guernica at the Guggenheim Museum in Bilbao from 1 October to 30 June, coinciding with the 90th anniversary of the town’s devastating aerial attack.The masterpiece has been housed in Madrid’s Reina Sofía museum since 1992, and previous appeals to relocate it to the Basque Country have been consistently rejected.The latest demand has seen Isabel Díaz Ayuso, the outspoken conservative president of the Community of Madrid, and Aitor Esteban, leader of the Basque nationalist party, exchange barbed remarks, each accusing the other of a “provincial” outlook.Ayuso argued that moving the painting “doesn’t make sense” and quipped that, if origin mattered, “all of Picasso’s works should be sent to Málaga,” the artist’s birthplace. She also warned that the Reina Sofía fears the relocation could damage the delicate canvas.Esteban shot back, suggesting that Ayuso’s notion of national identity was reduced to “drinking beer on a terrace bar,” a jab at her stance on keeping Madrid’s bars open during the pandemic.Basque president Imanol Pradales challenged the Spanish government’s resolve, asking whether it could muster the courage to move Guernica after having “dragged Franco out of his tomb.” He framed the decision as a test of political will.The Basque administration proposes to exhibit the work at the Guggenheim for eight months, framing the display as a tribute to the victims of the 1937 bombing of the town of Guernica.The black‑and‑white canvas captures the horror of the attack carried out by the German Condor Legion and the Italian air force on 26 April 1937, an early example of strategic aerial bombardment of civilians during the Spanish Civil War.Casualty estimates for the raid vary widely—from as few as 126 to as many as 1,654 dead—yet the painting has become an enduring global symbol of the atrocities of war.After its debut at the 1937 Paris International Exposition, Guernica toured Europe and the United States. Picasso, who opposed its return to Spain under Franco’s dictatorship, later allowed it to reside at New York’s Museum of Modern Art (MoMA) for several decades.Art historian Francisco Chaparro cautioned that, while the Spanish government cannot entirely rule out a move, the risk of damage must outweigh any political motivations. He likened the situation to the Mona Lisa’s permanent stay at the Louvre and Velázquez’s *Las Meninas* at the Prado, noting that Guernica has been “rolled and unrolled on numerous occasions.”Artist José Manuel Ballester reminded observers that Picasso himself had envisioned the painting hanging in the Prado, a position he never assumed during the civil war.In 2000, the Reina Sofía rejected a request from MoMA to loan Guernica, declaring that the “great icon of our museum must remain, without exception, separate from the policy on lending works to other museums.”Note: The article was amended on 7 April 2026 to include the German Condor Legion alongside the Italian air force in describing the 1937 bombing.

Effective September, the UK will limit interest on Plan 2 and Plan 3 student loans to 6%, announced by ministers amid growing concerns that higher inflation could push repayments sharply higher for graduates.Currently, borrowers on Plan 2 pay an interest rate equal to the Retail Prices Index (RPI) – presently 3% – plus up to an additional 3% once they earn more than £29,385. While studying, both Plan 2 and Plan 3 loans already attract RPI + 3%.Plan 2 loans cover undergraduate courses and Postgraduate Certificates of Education taken out since 1 September 2012 in Wales and between that date and 31 July 2023 in England. Plan 3 loans apply to postgraduate master’s or doctoral programmes for borrowers in England and Wales.Skills Minister Jacqui Smith linked the decision to global instability, noting that “the conflict in the Middle East is causing anxiety at home… Capping the maximum interest rate will provide immediate protection for borrowers, supporting those most exposed within this already unfair system.”The repayment threshold will remain frozen at £29,385 for the next three years, until 2030, a policy that could raise annual repayments by up to £300 for many graduates.Labour MPs have pressed the government to reconsider this freeze, arguing it will erode real‑term earnings as the threshold approaches the minimum wage by 2030.National Union of Students president Amira Campbell welcomed the cap as “a huge win” for the more than 5 million people on Plan 2 loans, but warned that “the change cannot come alone” and called for a rise in the repayment threshold in line with incomes.Prime Minister Keir Starmer has pledged to explore ways to make the student‑loan system fairer, echoing criticism from Conservative leader Kemi Badenoch, who described the scheme as a “debt trap” at “breaking point”.

The conflict in Iran has underscored how fragile a world built on fossil fuels truly is, with disruptions to oil, gas and fertilizer shipments adding millions of tonnes of greenhouse‑gas emissions to an already critical climate system.While Saudi Arabia and other petrostates blocked any mention of a fossil‑fuel phase‑out at the UN COP30 summit last November, a new diplomatic effort is gathering momentum outside the UN framework.On 28‑29 April, Colombia will host the First International Conference on the Just Transition Away from Fossil Fuels. Unlike UN negotiations, the summit will be decided by majority vote, preventing a handful of countries from derailing progress.The event is co‑sponsored by Colombia – the world’s fifth‑largest coal exporter – and the Netherlands, home to Royal Dutch Shell. Organisers have invited nations that supported the COP30 roadmap, as well as sub‑national leaders such as California Governor Gavin Newsom, a potential 2028 U.S. presidential contender.Delegates, described as a “coalition of the willing”, will share concrete plans to shift their economies away from fossil fuels while safeguarding workers and communities. Climate activists, Indigenous representatives and trade‑union leaders will also contribute ideas for turning the abstract goal of decarbonisation into actionable policy.One focal point will be the reduction of the $7 trillion per year in global fossil‑fuel subsidies, a figure that the International Energy Agency warns could be trimmed without harming the livelihoods that depend on these funds. UN Secretary‑General António Guterres has urged the International Energy Agency to create a platform that aligns the decline of fossil‑fuel investment with rapid clean‑energy expansion.The real leverage of this coalition lies in its economic weight. The 85 countries that backed the COP30 roadmap together account for a gross national product of $33.3 trillion—surpassing the United States’ $30.6 trillion and far exceeding China’s $19.4 trillion.If the Just Transition conference produces a credible, market‑oriented plan, it could send a clear signal to investors and policymakers that the era of oil, gas and coal is ending, prompting a reallocation of capital away from stranded‑asset risks.Adding California’s $4.1 trillion GDP to the coalition’s total would create an economic bloc of roughly $37.4 trillion, approaching the combined $50 trillion output of the United States and China.Newsom has repeatedly positioned California as a climate leader, noting that two‑thirds of the state’s electricity now comes from non‑carbon sources and that its economy has risen from the world’s sixth to fourth largest. He pledged that California will fill the void left by the United States’ retreat from the Paris Agreement by competing in global green‑technology markets.Public opinion supports such a shift: between 80 % and 89 % of the world’s population wants stronger climate action. The upcoming conference therefore represents a pivotal chance to translate widespread demand into a coordinated, economically powerful push for a fossil‑fuel‑free future.

UK manufacturers are facing a significant increase in business rates, with a projected annual hike of £940m due to changes introduced by Chancellor Rachel Reeves. These changes, effective this month, have sparked concerns among industry leaders.The increase is attributed to the government's decision to raise business rates at the budget in November, which included an additional surcharge on buildings with a rateable value of more than £500,000. This move has been criticized by MakeUK, an industry lobby group, as it disproportionately affects manufacturers with large factory floors.According to MakeUK, factories account for a fifth of England and Wales's property by rateable value, despite manufacturers only contributing a 10th of economic output. The lobby group argues that the current system of business rates is outdated and unfair, leaving manufacturers paying disproportionately more than other sectors relative to their size.Verity Davidge, policy director at MakeUK, stated: "The current system of business rates is outdated and is a blunt instrument that leaves manufacturers paying disproportionately more than other sectors relative to their size. This increase couldn’t come at a worse possible time and is set to hammer one of the government’s key strategic sectors which is already facing existential threats from increased energy and employment costs which are completely out of their control."The government has faced backlash from various sectors, including pubs and live music venues, and has made some concessions, such as announcing £80m in discounts in January. However, MakeUK is calling for further support, including a year's notice before raising rates and a more nuanced system that takes into account business turnover, size, and type.A government spokesperson responded to MakeUK's analysis, stating: "We have the right economic plan - we’re reforming business rates to back manufacturing, with a £4.3bn support package to limit bills rises, alongside capping Corporation Tax at 25%, cutting red tape and taking action on energy by reducing electricity bills by up to 25% for over 7,000 businesses."

In the run-up to the state assembly election in Assam, India, the ruling Bharatiya Janata Party (BJP) is employing a strategy that combines Hindu nationalism with welfare schemes to woo voters.The party, led by Prime Minister Narendra Modi, has been accused of pursuing a hardline Hindu supremacist agenda in Assam, coupled with a xenophobic campaign targeting the state's Muslim population, which constitutes 34% of Assam's 31 million people.At a recent election rally in Morigaon district, BJP leaders highlighted the welfare schemes launched by Chief Minister Himanta Biswa Sarma's government, including a direct benefit transfer scheme called Orunodoi, which provides financial aid to women. Nitin Nabin, the BJP's national president, claimed these schemes benefited the Assamese people, especially women.The BJP's strategy in Assam has been described as a 'cocktail of Hindutva and welfarism' by Akhil Ranjan Dutta, a political science professor at Assam's Gauhati University. 'The BJP is experimenting with a brand of Hindutva by co-opting Indigenous armed struggle and cultural nationalism, while solidifying Hindu identity and othering the Bengali Muslims.'The party's election promises have heightened anxiety among Bengali-speaking Muslims, who fear more crackdowns on their community, including a proposal to implement a Uniform Civil Code, which critics say will override Muslim personal laws.Opposition parties and analysts argue that the BJP is mainly milking two cash transfer schemes – Orunodoi and Udyamita – to influence voters in this election. Economist Joydeep Baruah estimates that at least 10 to 15% of the scheme's four million women beneficiaries could vote for the BJP.The BJP's tactics have been criticized by opposition parties and human rights groups, who accuse the party of vote buying and polarizing the electorate along communal lines.

Manchester City's long-serving captain, Bernardo Silva, will be departing the Premier League club at the end of the current season. This confirmation comes from assistant manager Pep Lijnders, following City's convincing 4-0 FA Cup quarterfinal victory over Liverpool on Sunday. Lijnders reflected on Silva's impending exit, stating, 'Every good story comes to an end.' He expressed his hope that Silva will enjoy his final months with the club and receive a fitting farewell, highlighting that he 'deserves all that attention.' The 31-year-old Portuguese midfielder, who has been an integral part of Manchester City since joining from AS Monaco in 2017 for approximately $57.35 million, will be leaving as a free agent upon the expiration of his contract. During his nine-year tenure at the Etihad Stadium, Silva has secured six Premier League titles and the Champions League, making 450 appearances for the club. Silva's versatility, exceptional technique, and relentless work ethic have made him a cornerstone of City's success under Pep Guardiola, who has previously described him as 'irreplaceable.' Manchester City are still in contention for a domestic treble, currently trailing Premier League leaders Arsenal by nine points, although they do have a game in hand and eight matches remaining to bridge the deficit. Silva's departure follows in the footsteps of another high-profile exit, as Liverpool's Mohamed Salah also announced his departure at the end of the season, marking a significant change for top Premier League clubs.

Yemen's civilians are bracing for the worst as the country's Houthi rebels have entered the war against Iran, sparking fears of a new chapter of suffering in a nation already grappling with a critical humanitarian situation. The involvement of the Houthis, who control the capital city of Sanaa, has raised concerns among locals about potential Israeli retaliation, which could trigger displacement, fuel shortages, and inflation. Yasser, a 45-year-old ice cream shop owner in Sanaa, expressed his worries about the impact on his business and family. “The moment Israel begins its military response to the Houthis, we will lose the little comfort we have today. Fear, price hikes, and fuel shortages will suffocate us. The end of the conflict is unpredictable,” he said. The Houthis' decision to enter the war has been met with a mix of fear and support from civilians. While some, like Ammar Ahmed, a 28-year-old taxi driver, are worried about the safety of their families and the potential for Israeli attacks on residential areas, others, like Mohammed Ali, a 26-year-old university graduate, have expressed their support for the Houthi leadership and their faith in their ability to withstand the conflict. Economists warn that Yemen's already crippled economy would decline further if the country becomes a new front in the widening conflict in the region. Wafiq Saleh, a Yemeni economic researcher, noted that the escalation will drive up prices for essential imports, including food, fuel, and medicine, as shipping and insurance costs rise. The humanitarian situation in Yemen is already dire, with United Nations reports indicating that the escalating conflict in the wider region risks exacerbating the country's economic situation and disrupting vital humanitarian and commercial supply chains.