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Business May 10, 2026

Britons Stockpile Cash and Tinned Goods as Survey Shows Growing Prepper Trend

A new Link‑YouGov poll of 2,137 UK adults reveals that over half would withdraw cash and nearly hal…
Survey Reveals Surge in Home‑Preparedness Among BritonsThe latest Link survey, conducted with YouGov in March, shows a significant portion of the British public are actively “prepping” for a potential major disruptive event. Respondents cited concerns ranging from war and extreme weather to cyber‑attacks on critical infrastructure, prompting them to stockpile cash, food and power‑backup items.Key Statistics on Cash, Food and Power‑Backup Stockpiling54% would withdraw cash from an ATM if card and mobile payments failed.49% already have battery‑powered items such as a torch at home.47% keep a supply of tinned goods like baked beans and canned fruit.36% would use cash stored at home to make purchases.31% would turn to online shopping as a fallback.17% maintain a dedicated stash of cash for emergencies.27% admit they have taken no preparatory steps.Implications for Retail, Banking and Emergency PlanningThe findings suggest a shifting risk perception among consumers that could affect several sectors. Retailers may see increased demand for non‑perishable food and emergency supplies, while banks could experience a resurgence in cash withdrawals during crises. Government agencies, such as the UK’s Prepare programme, may need to reinforce public guidance on resilience measures, and “prepper” shops are already reporting a post‑COVID boom.What the Trend Means for Future Consumer ResilienceAnalysts anticipate that the prepper mindset will become a permanent feature of UK consumer behaviour, especially as geopolitical tensions and climate‑related events persist. Graham Mott, Link's director of strategy, notes that cash is re‑emerging as a core component of personal resilience. Companies that adapt product lines to include emergency‑ready items and financial services that facilitate easy cash access are likely to gain a competitive edge in the coming years.
#Link #YouGov #Graham Mott
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Economy May 10, 2026

Spirit Airlines Shuts Down as Jet Fuel Prices Surge, Sending Shockwaves Through U.S. Travel

Budget carrier Spirit Airlines ceased operations on 2 May after jet fuel costs spiked more than 30%…
Spirit Airlines announced its abrupt closure on 2 May, citing an unprecedented rise in jet fuel costs as the final blow to an already fragile low‑cost model. The collapse comes as U.S. gasoline prices hit a national average of $4.56 per gallon, up over $1 from the previous year, and some states see prices breach $6 per gallon.Spirit Airlines Halts Operations as Jet Fuel Costs ExplodeThe airline’s app displayed a pop‑up on a Saturday informing customers that all flights were cancelled. Travelers like Chelsea Blackmore, who had booked a $500 round‑trip on Spirit for a Disney cruise, were forced to scramble for alternatives, ultimately paying $800 for a Southwest ticket that lacked even a checked bag.Fuel Price Surge and Ticket Cost InflationU.S. oil prices jumped 30% after the closure of the Strait of Hormuz at the start of the Iran‑related conflict.Jet fuel price spikes added an estimated $500m burden to Spirit’s operating costs.Average ticket prices on routes formerly served by Spirit are expected to rise by 10‑15% due to reduced competition.Ripple Effects Across the U.S. Travel LandscapeFlixBus reported a >30% surge in passengers on 130 routes that mirror former Spirit corridors.Amtrak noted an uptick in ridership, though it cannot isolate the impact of fuel prices.Major carriers such as United and Delta can absorb costs by cutting routes or adding fees, a luxury low‑margin carriers lack.Experts like Lindsay Owens of Groundwork Collaborative liken the airline’s demise to a “gut punch” felt by all Americans facing high energy costs. Senior fellow William McGee warned that even travelers who never used Spirit will see higher fares on overlapping routes.Future of Low‑Cost Travel in a High‑Energy‑Cost EraCalls for a $2.5bn federal assistance package for budget airlines—including Frontier and Avelo—have so far yielded no concrete aid. While President Donald Trump floated the idea of a government buyout, no deal materialised.Industry analysts predict continued fare hikes throughout the summer, with travelers increasingly booking closer to departure dates to chase lower prices—a strategy that may backfire as demand rebounds.Despite the squeeze, vacation demand remains robust; travelers are willing to finance trips on credit cards, prioritising the experience over cost savings.
#Spirit Airlines #US oil prices #Travel industry
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Politics May 10, 2026

Trump's Beijing Summit: Xi Holds the Cards as US Position Weakens

Donald Trump arrives in Beijing for a critical summit with Xi Jinping from a position of significan…
The Lead: Trump's Fragile Position in Beijing Like an out-of-control wrecking ball, swinging wildly back and forth, Donald Trump smashes up the international order without much thought for the consequences. Lacking coherent strategies, workable plans or consistent aims, he power-trips erratically from one fragile region, tense warzone and complex geopolitical situation to another, leaving misery, confusion and rubble in his wake. The president will bulldoze into another international minefield this week – the fraught standoff between China and Taiwan – when he travels to Beijing for a two-day summit with President Xi Jinping. The Geopolitical Chess Game: Trump's Desperate Need for Xi's Help After a string of humiliating policy implosions over Ukraine, Gaza, Nato, Greenland, and now Iran and Lebanon, needy Trump craves a diplomatic success to flaunt at home. But his hopes of vote-winning trade pacts are overshadowed by his latest war of choice. He needs Xi's promise not to arm Iran if all-out fighting resumes – and Xi's help keeping the strait of Hormuz open as part of a mooted framework peace deal. The weakness of Trump's position going into the summit is fuelling speculation that reduced US support for Taiwan may be Xi's price for playing nice. The Power Dynamics: How Trump's Failures Strengthen Xi's Position Xi knows the Iran war is deeply unpopular with US voters. Trump is universally blamed for pushing up global energy, food and medicine prices. European allies have refused to bail him out, Russia is undeservedly benefiting from inflated oil prices – and poorer countries bear the brunt. Trump is not winning militarily, either, as shown by his half-baked, on-off Project Freedom. For China, Trump is the gift that keeps on giving. Thanks to him, the US is increasingly viewed internationally as an aggressive potential enemy or unreliable friend, much given over to treachery. The Taiwan Factor: Xi's Ultimate Priority Xi's top external priority is not the Middle East. It is the unification of communist China with a de facto independent, democratic Taiwan – a personal legacy project that he has repeatedly threatened to pursue by force. Pentagon planners believe China's ever-expanding military could be ready to launch an invasion next year. Taiwan's forces are vastly outnumbered, while its fractious political parties are as divided as ever about increased defense spending and the wisdom or not of seeking closer ties with Beijing. The Iran Conflict: A Double-Edged Sword for China The downside for Xi is the negative impact of the war on energy prices, global trade and export demand at a time when China's economy is already struggling. Last year, about 80% of Iranian oil shipments were bought by China – shipments the US navy is now blocking. So far, Beijing has largely managed to offset supply shortfalls from the Gulf by drawing on reserves, capitalising on green energy and buying more oil from countries such as Brazil and Russia. But for the world's largest importer of crude oil, safe and reliable navigation through the strait of Hormuz is critical. The Strategic Implications: US Military Resources Diverted from Asia The Iran impasse is drawing US forces away from Asia – it now has two aircraft carrier strike groups in the Middle East – and reducing its military capacity to defend Taiwan and regional allies from future Chinese aggression. China is urging both sides to embrace a negotiated settlement. It hosted direct talks last week with Iran's foreign minister, Abbas Araghchi, and is backing Pakistani intermediaries. Recalling China's successful 2023 fence-mending between Saudi Arabia and Tehran, anxious Gulf states are counting, like Trump, on Beijing's ability to influence its Iranian ally. The Future Outlook: A Potential Taiwan Compromise? Trump seems aware of this risk. He wrote to Xi last month, asking him not to supply weaponry to Tehran – and said he had received assurances China would not do so. But the Foundation for Defense of Democracies, a conservative US research institute, claims China already provides Iran with dual-use precursor chemicals for its ballistic missiles, satellite intelligence about US military movements, assets and bases, and help with sanctions evasion and money laundering. For a man who likes to boast he holds all the cards, the US president may find himself seriously short of trumps when he sits down with Xi.
#Donald Trump #Xi Jinping #China-US Relations
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Politics May 10, 2026

Europe's Defense Renaissance: Building Sovereign Weapons for a New Era

Europe is racing to build low-cost weapons and enhance defense sovereignty amid geopolitical tensio…
The Lead: Europe's Defense AwakeningIn a small workshop in England's East Midlands, engineers at the British startup Skycutter are designing weapons for Ukraine. The swarms of cheap, deadly and often autonomous drones deployed in that war have already changed combat completely, forcing European militaries to scramble to catch up in a drive to spend billions on weaponry. This push comes with added pressure from Donald Trump's wavering on the Nato alliance and the US president's insistence that members increase defence budgets.The New Arms Race: Survivable vs. Attritable WeaponsMilitaries do not believe they can totally dispense with people or heavier machinery such as tanks, artillery and ships. But a big chunk of the planned spending will go on drones of various sizes, whether for the air, land, sea or below the waves. Gen Sir Roly Walker, the UK's chief of the general staff, last year said he wanted the forces' equipment to be 20% "survivable" (because they have people inside), 40% "attritable" (you aren't too worried if they're destroyed), and 40% "consumable" (single use).The growing feeling across Europe is that "we should be able to stand up on our own two feet," according to one person at a fast-growing weapons startup. "Sovereignty is about control. If you buy things off the shelf from elsewhere you are always ceding some control." That applies to parts and materials as well. The UK is consulting on how much needs to come from Britain for a product to be sovereign. Manufacturers cannot necessarily rely on parts and materials from various countries who could become adversaries – notably China.The Financial Surge: €800 Billion and CountingThe EU has responded by promising to spend €800bn on defence over four years. The UK has also pledged to put aside more, with Keir Starmer likely to come under pressure to show progress after Labour's heavy losses in recent elections. A crop of well-funded startups are gaining momentum and expanding production, making big promises – many still unproven – that they can do a better job than traditional manufacturers and Silicon Valley rivals.European defence tech unicorns include Helsing, a German company backed by the Spotify founder Daniel Ek, and the German drone makers Quantum Systems and Stark Defence. Stark and Helsing recently won orders from Germany's military for attack drones, while all but Quantum are investing in UK factories. The British missile maker Cambridge Aerospace – controversially chaired by the former defence secretary Grant Shapps – is reportedly also close to joining the billion-dollar ranks.Geopolitical Shifts: Redefining European Defence PostureThe unsettling combination of Trump and war on the doorstep has sharpened long-running criticism that the continent has relied too much on US weapons makers. "A lot of supply chain diversification dreams have evaporated," says Kusti Salm, a former Estonian defence mandarin turned chief executive of the anti-drone missile startup Frankenburg. "I think it's natural if Europe wants to sustain its prosperity and freedom."Ricardo Mendes, chief executive of the drone maker Tekever, says the advent of unmanned aerial vehicles has prompted "a radical transformation in how defence technology is built", with companies betting on future demand for kit rather than locking in long-term contracts before starting. Tekever, which Mendes co-founded in Portugal in 2001, reached a billion-dollar "unicorn" valuation last year, and has 1,200 people, including new factories in the UK's drone cluster in Swindon, Wiltshire, and another in Cahors, south-west France.The Future Outlook: European Defence Innovation EcosystemUS rival unicorns include the drone maker Shield AI, the autonomous boat company Saronic Technologies, and the anti-drone weapons company Epirus. But two companies with names taken from JRR Tolkien's Lord of the Rings lead the American pack: the software company Palantir and the autonomous weapons maker Anduril. Both are making significant inroads into Europe, particularly the UK, but that expansion is coming under scrutiny as European politicians balk at their stridently pro-Trump backers.Palantir was backed by the billionaire Trump donor Peter Thiel. Thiel, a vocal critic of liberal democracies, has also backed Stark, which has raised concerns in Germany, though Stark says Thiel has no direct operational or strategic influence. Palantir's chief executive, Alex Karp, has repeatedly extolled American dominance, while Anduril is run by 33-year-old Palmer Luckey, who has personally hosted a Trump fundraiser and has cultivated close ties with the administration.As Europe pours billions into defense technology and sovereignty, the landscape of global defense manufacturing is being reshaped. The coming years will determine whether European startups can deliver on their promises and establish a sustainable defense ecosystem independent of traditional suppliers and geopolitical dependencies.
#Europe Defence #NATO #Drone Technology
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Sports May 10, 2026

Raducanu’s Italian Open Withdrawal Raises Questions Ahead of French Open

Emma Raducanu pulled out of the Italian Open after a brief press conference, citing a lingering pos…
Unexpected Exit from the Italian OpenIn Rome, Emma Raducanu arrived early to test her fitness on the red clay of the Italian Open. After a series of practice sessions, she withdrew just 30 minutes after a press conference, leaving fans and analysts puzzled about her health status.Health Details and Post‑Viral StrugglesRaducanu explained that she has been battling a post‑viral condition for two months, describing symptoms of fatigue, low energy, and difficulty sustaining match intensity. She admitted she is "still building my way back" and is far from 100% fitness.Financial and Contractual ContextMay 2026: Signed a lucrative sponsorship deal with Uniqlo.Only two matches played at Indian Wells since the contract.Potential late wildcard request for the WTA 500 event in Strasbourg.Implications for Her Season and the Wider TourThe withdrawal underscores a recurring theme in Raducanu’s career: a cycle of injuries and illnesses that interrupt her progress. Her absence from the clay season reduces her preparation time for Roland Garros, potentially affecting the competitive landscape of the French Open.Looking Ahead: What Might Come Next?With the clay season winding down, Raducanu hopes to secure a wildcard for Strasbourg and regain match fitness before the French Open. However, her ability to compete consistently will depend on how quickly she recovers from the lingering viral effects and avoids further setbacks.
#Emma Raducanu #Italian Open #French Open
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Entertainment May 10, 2026

King Charles Features in Surprise Birthday Tribute to David Attenborough

King Charles has featured in a surprise birthday tribute to David Attenborough, with a cast of wild…
The Royal TributeKing Charles has paid tribute to David Attenborough on his 100th birthday with a heartwarming film featuring a cast of wild animals. The film, A Very Special Delivery, showcases the king's handwritten congratulatory card being delivered to Attenborough's London home by a series of animals.The Film's JourneyThe film begins with King Charles writing his tribute in the library of Balmoral Castle. The signed card is then borne on a silver salver by a butler to a waiting Land Rover. However, disaster strikes when a fallen tree blocks the vehicle, and a relay of heroic animals takes over. A border collie called Flynn takes off with the envelope in his mouth, and a series of birds and animals, including eagles, a red squirrel, a flock of geese, an otter, a swan, a duck, a fox, and a deer, all play their part in delivering the card.The Personal ConnectionThe king's relationship with Attenborough dates back to 1958 when the then nine-year-old prince and his sister, Princess Anne, visited the set of the BBC children's programme Zoo Quest. In his card, Charles wrote: "Over those decades you have revealed the beauty and wonders of nature to audiences around the world in new and marvellous ways. In so doing, you have shared my determination to highlight the urgent need to protect and preserve this precious planet of ours – and all Life on Earth – for future generations."The Tribute's SignificanceThe film was produced by BBC Studio's natural history unit and premiered during the live gala tribute to Attenborough at the Royal Albert Hall. A Buckingham Palace spokesperson said: "His majesty was delighted to feature in this special tribute to a man who has shared his lifetime commitment to the natural world."
#King Charles #David Attenborough #BBC
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Entertainment May 10, 2026

What Not to Miss at the 2026 Venice Biennale

The 2026 Venice Biennale features several standout art pieces, including Florentina Holzinger's pos…
Standout Art Pieces at the 2026 Venice Biennale The 2026 Venice Biennale features several standout art pieces that are worth noting. Here are some of the most notable ones: Florentina Holzinger's Post-Apocalyptic Pavilion Florentina Holzinger's pavilion is a post-apocalyptic installation that features her suspended upside down from the clappers of a large bell. The pavilion also includes a woman riding a speedboat in circles, two others suspended at the top of a pole, and another sitting entirely submerged in a tank. The installation is transgressive and thought-provoking, and it quickly became the talk of the town. Sanya Kantarovsky's Eerie Seances Sanya Kantarovsky's paintings are like stills from very intense films. His show features book-lined rooms with incredible Murano glass chandeliers, and it culminates with an incredibly detailed sculpture of the head of a boy, also in Murano glass. The atmosphere is like a weird seance between the centuries. Gabrielle Goliath's Hypnotic Mourners Gabrielle Goliath's performance, Elegy, is a ritual of mourning for women killed in acts of sexualized or racialized violence. The performance features operatically trained female performers holding a single high note, and it is both hypnotic and moving. Carrie Schneider's Photographic Curls Carrie Schneider's photographic curls are a 1.5km-long installation that repeats over and over a still from Chris Marker's 1962 film La Jetée. The installation is thought-provoking and visually stunning. Lydia Ourahmane's Coin-Slot Art Lydia Ourahmane's sculptural show features components drawn entirely from the city of Venice. The show includes a beautiful new wooden pier, a bead curtain of Murano glass, and a contraption once used in a church to illuminate a Bellini. The installation is touching and thoughtful. Lawrence Abu Hamdan's Audio Detective Work Lawrence Abu Hamdan's installation, 450XL: the Story of a Fugitive Sound, investigates human rights abuses using sound as evidence. The installation features 15 screens resembling protest placards and is both thought-provoking and visually stunning. Zhanna Kadyrova's Origami Deer Zhanna Kadyrova's origami deer are a series of paper sculptures that are both beautiful and moving. The installation features a huge concrete deer dangling irresolutely from a crane on a flatbed truck, and it is accompanied by touching footage of the origami deer's journey.
#Venice Biennale #2026 Venice Biennale #The Guardian
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Lifestyle May 10, 2026

RHS Chelsea Garden Celebrates England's Edgelands

The RHS Chelsea garden, designed by Sarah Eberle, highlights the importance of England's edgelands …
The Concept of the Garden Stinging nettles, buttercups, broken crockery, fly-tipped flowers and a discarded gnome are not the usual hallmarks of an RHS Chelsea flower show garden. But this year’s On the Edge garden by Sarah Eberle – the most decorated designer at Chelsea – is designed not to look like a garden at all, rather to transport its visitors to the liminal spaces on the outskirts of towns where the countryside begins and nature is in critical need of protection. The Garden's Design and Features The garden is about the fringe lands of towns and cities – and how vulnerable they are to development. There is very much a feel of the countryside to it, but with a town edge coming in, in its plant material. Right at the front is its centrepiece: a fallen mature tree sculpted into a reclining female figure by the chainsaw carver Chris Wood, “a mixture of stone and timber carved from a sequoia that’s fallen on this piece of edgelands”. The Symbolism of the Sculpture The sculpture, which represents Mother Nature or Gaia, the Greek goddess of the Earth, is intended to evoke the peacefulness and vulnerability of green belts and other countryside that surround urban centres. Its arm touches rainwater collected in a gravel pool and its willow hair flows into a dry stone wall that winds through a landscape dotted with native trees such as hornbeam, field maple and hawthorn. The Planting Scheme The planting scheme includes lots of wildlife-friendly native plants that are typically viewed as weeds, such as buttercup, wild strawberry, purple foxglove, cow parsley and stinging nettles. “There is beauty in our ordinary, native landscapes and the plants you find there – and a weed is only a plant in the wrong place,” said Eberle. The Impact of the Garden Eberle hopes the garden will help to convey how fragile, scrappy patches of countryside on the edges of towns and cities can serve as important sanctuaries for wildlife and urban communities. “If we look after these spaces, they can be good for nature and good for people,” she said.
#RHS Chelsea #Sarah Eberle #Campaign to Protect Rural England
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World Wide May 10, 2026

Iran Responds to US Proposal to End War

Iran has sent its response to a US proposal to end the war to mediator Pakistan. Meanwhile, Qatar's…
Iran's Response to US Proposal Iranian media reports that Tehran has sent its response to a US proposal to end the war to mediator Pakistan. Qatar's Warning to Iran Qatar's Prime Minister has warned Iran that using the Strait of Hormuz "as a pressure card would only lead to deepening the crisis".
#Iran #US #Pakistan
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