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Business May 13, 2026

Revival of Weston-super-Mare's Tropicana: From Derelict Lido to Event Hub

North Somerset council has approved a 25-year lease for the derelict Tropicana lido to Live Nation,…
The Revival of a Coastal JewelThe Tropicana in Weston-super-Mare, once a shimmering art deco lido where thousands flocked to bathe in the Somerset sun, is set for a dramatic transformation. After sitting as a hollowed-out shell for 15 years since its closure in 2000, North Somerset councillors have voted to offer a 25-year lease to Live Nation, the global entertainment company behind major UK music festivals and venues.From Lido to Entertainment HubThe ambitious plan will transform the derelict site into a year-round event space with capacity for up to 10,000 people. Alongside upgrades to the nearly 100-year-old marine lake and renovations to the Grade II* listed, 19th century Birnbeck Pier, the project represents a significant investment in Weston-super-Mare's infrastructure and cultural offerings.Live Nation, which operates major UK music festivals including Reading, Leeds, Isle of Wight and Download, as well as the O2 Academy venues and Ticketmaster brand, will bring its expertise in large-scale event management to the venue. The company plans to preserve the original 1930s facade while creating a modern entertainment destination that can host everything from major concerts to community events.Economic Impact and Investment PotentialThe economic potential of the project is significant. The town has faced substantial challenges, with five areas ranking among the most deprived 5% in England. High proportions of residents report long-term health conditions, and the housing stock is increasingly dominated by poor-quality Houses in Multiple Occupation (HMOs).The project echoes the success of Banksy's 2015 "Dismaland" installation at the site, which reportedly gave the local economy a £20m boost. While that temporary exhibition used the venue's decay as artistic commentary, the new proposal seeks a permanent, sustainable future with ambitions to bring in the country's biggest pop stars alongside community spaces.Coastal Town TransformationThe Tropicana revival is part of a broader strategy to address what experts call "coastal excess" – the unique burden of health and economic struggle facing many traditional British seaside towns. Despite a perception of north Somerset as an affluent area, Weston-super-Mare has been grappling with a cycle of decline, evidenced by struggling high street businesses.Mike Bell, the leader of North Somerset council, emphasizes the transformative potential: "We have definitely been stuck in a little bit of a cycle of decline, and you see it in our high street, where businesses struggle. What we needed is some catalytic investment that was going to increase numbers. Build it and people will come. That, in turn, will help to support the economy and encourage growth."Future Outlook for Weston-super-MareThe success of the Tropicana transformation will likely depend on several factors, including the ability to attract major events that draw visitors from across the region, the integration of the venue with other local attractions, and the development of supporting infrastructure in the surrounding area.If successful, the project could serve as a model for other struggling coastal towns seeking to leverage their unique assets while addressing economic challenges. The combination of preserving historical architecture with modern entertainment offerings represents a balanced approach to regeneration that could breathe new life into Weston-super-Mare and establish it as a cultural destination for years to come.
#Weston-super-Mare #Tropicana #Live Nation
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Art and design May 13, 2026

Zineb Sedira's Revolutionary Cinema Exhibition at Tate Britain

Zineb Sedira's exhibition at Tate Britain explores revolutionary cinema through an immersive instal…
The Revolutionary Spirit of Zineb Sedira's Exhibition Zineb Sedira's exhibition at Tate Britain's Duveen Galleries is a vibrant ode to revolutionary cinema, intellectualism, and the power of art to inspire change. The installation, titled 'When Words Fall Silent, Cinema Speaks,' transports visitors to the iconic La Cinémathèque Algérienne in Algiers, a mecca for leftist filmmakers and intellectuals in the 1960s and 1970s. Recreating a Revolutionary Hub Sedira's meticulous recreation of the Cinémathèque Algérienne includes a model movie theater, vintage jukebox, and a cafe serving wine and couscous. The space is filled with books about leftist cinema, and clips from films like Agnès Varda's 'Salut les Cubains' play in the background. This immersive environment embodies the spirit of radical chic, where intellectual pursuits and pleasure are intertwined. A Tribute to Boudjemaâ Karèche and La Cinémathèque Algérienne The exhibition centers around Boudjemaâ Karèche, the director of La Cinémathèque Algérienne. Through a short documentary film, Sedira shares Karèche's stories of the cinema's heyday, when it was a gathering place for young idealists who debated revolutionary art and social change. The beret-wearing Karèche is portrayed as a charismatic figure who embodied the fusion of politics and creativity. The Challenge of Preserving Revolutionary Energy The exhibition's final film poses a poignant question: can revolutionary moments be preserved and rekindled in a museum setting? Sedira's installation suggests that by celebrating the past, we can inspire new generations to engage with art and politics. As Sedira shows, truly revolutionary art empowers people to express themselves and challenges the status quo. A Lasting Impact Sedira's exhibition is a testament to the enduring power of art to inspire and educate. By recreating a pivotal moment in cinematic history, Sedira invites visitors to reflect on the intersections of art, politics, and identity. The exhibition runs at Tate Britain's Duveen Galleries until January 17.
#Zineb Sedira #Tate Britain #La Cinémathèque Algérienne
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Economy May 13, 2026

Your Burning 2026 Federal Budget Questions Answered – Video Breakdown

The Guardian’s video tackles the most common public queries about the 2026 U.S. federal budget, cla…
What the 2026 Federal Budget Aims to FundInfrastructure upgrades, including roads, bridges, and broadband expansion.Defense spending adjustments reflecting strategic priorities.Social programs such as Medicare, Medicaid, and education grants.Climate‑related investments and clean‑energy incentives.Key Fiscal Figures Highlighted in the VideoProjected overall federal outlays: roughly $5.2 trillion.Estimated deficit for fiscal year 2026: in the range of $1.4–$1.6 trillion.Revenue outlook: anticipated $3.6 trillion from taxes and other sources.Debt‑to‑GDP ratio expected to hover around 115 % by year‑end.Implications for Taxpayers and the EconomyPotential modest adjustments to income‑tax brackets to offset revenue shortfalls.Increased funding for low‑income housing and child‑care assistance.Long‑term debt trajectory could influence borrowing costs and inflation expectations.Infrastructure spending is projected to generate $200 billion in short‑term job growth.Looking Ahead: Potential Policy ShiftsCongress may debate additional revenue measures, including capital‑gains tax tweaks.Future budgets could prioritize climate resilience, reshaping energy subsidies.Monitoring the deficit trajectory will be crucial for Federal Reserve policy decisions.
#United States #Federal Budget #Treasury Department
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Sports May 13, 2026

Ted Lasso Actor Cristo Fernández Signs with El Paso Locomotive FC

Cristo Fernández, actor from the hit Apple TV+ show Ted Lasso, has signed a professional contract w…
The Unlikely Footballer's Professional Debut Cristo Fernández, known for his role as Dani Rojas in the hit Apple TV+ show Ted Lasso, has taken his passion for football from the small screen to the professional soccer pitch. The 35-year-old actor has signed a contract with El Paso Locomotive FC, a team in the USL Championship, the second tier of American soccer. Fernández's Football Background Fernández's journey in football began in Mexico, where he played youth football before a knee injury forced him to step away from the sport at the age of 15. Despite his acting career taking off, Fernández continued to pursue his football dreams. This year, he trained with the Major League Soccer side Chicago Fire's reserves. The Road to El Paso Locomotive FC Before joining El Paso Locomotive FC, Fernández had a two-month trial with the club, which included a pre-season appearance. His determination and passion for the game caught the attention of the team's head coach, Junior Gonzalez. Fernández's addition to the roster is seen as a significant boost, adding another attacking threat to the team's forward line. What's Next for Fernández? El Paso Locomotive FC, founded in 2018, currently sits fourth in Group B of the USL Championship standings. With Fernández on board, the team aims to continue growing its positive culture and making strides in the league. For Fernández, this opportunity marks a new chapter in his life, one where he can combine his love for football with his experience as a professional athlete.
#Cristo Fernández #Ted Lasso #El Paso Locomotive FC
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Health May 13, 2026

Daily Orforglipron Pill Shows Promise in Sustaining Weight Loss After GLP‑1 Injections

A large‑scale trial presented at the European Congress on Obesity finds that the oral drug orforgli…
A new large‑scale randomized trial presented at the European Congress on Obesity in Istanbul indicates that the oral GLP‑1 antagonist orforglipron can help patients retain the majority of weight lost with injectable therapies such as tirzepatide (Mounjaro) and semaglutide (Wegovy).Trial Shows Oral Orforglipron Preserves Most Weight After Switching from InjectablesThe study, funded by Eli Lilly, followed 376 US patients who had been on tirzepatide or semaglutide injections for 72 weeks and then randomized them to a daily orforglipron tablet or placebo for an additional year.Participants were previously on weekly GLP‑1 jabs that typically produce 15‑20% body‑weight loss.After the injection phase, subjects were switched to oral therapy or placebo for 12 months.Primary endpoint: proportion of weight loss retained at 12 months.Quantitative Outcomes: 75% vs 49% Retention for Tirzepatide Users, 80% vs 38% for Semaglutide UsersWeight‑loss maintenance differed markedly between the pill and placebo groups:Tirzepatide cohort: 75% of lost weight retained with orforglipron vs 49% with placebo.Semaglutide cohort: 80% retained with the pill vs 38% with placebo.Secondary benefits—blood pressure, cholesterol, and glycaemic control—were also sustained in the pill arm.Implications for Obesity Management and Healthcare CostsExperts highlighted the broader significance:Dr Louis Aronne (Weill Cornell Medicine) emphasized that treating obesity directly can simultaneously improve glucose, lipid, and blood‑pressure metrics.Dr Marie Spreckley (University of Cambridge) noted patient preference for oral therapy due to convenience, storage, and lower cost.Dr Simon Cork (Anglia Ruskin University) warned that injectable GLP‑1 drugs, while highly effective, are expensive and limit long‑term accessibility for both private payers and the NHS.The findings suggest a potential shift toward oral agents that maintain efficacy while reducing financial and logistical burdens.Future Outlook: Oral GLP‑1 Therapies Could Redefine Chronic Obesity CareIf further trials confirm these results, orforglipron could become a cornerstone of chronic obesity management, enabling earlier intervention (BMI 25‑27) and possibly preventing progression to severe obesity.Regulators and payers will likely scrutinize cost‑effectiveness models, but the prospect of a cheap, daily tablet that sustains weight loss may reshape treatment algorithms worldwide.
#orforglipron #Eli Lilly #GLP-1
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World Wide May 13, 2026

Trump‑Xi Summit Highlights Shifting US‑China Power Dynamics

Donald Trump will meet Xi Jinping in Beijing on May 14‑15, 2026, marking the first US presidential …
Executive Summary: Trump‑Xi Summit Sets the Stage for a US‑China Power Contest Donald Trump will meet Xi Jinping in Beijing on May 14‑15, 2026. The talks, delayed by the US‑Israel war on Iran, are expected to focus on trade, debt, military spending and emerging technologies, marking the first US presidential visit to China in nearly a decade. Trade Metrics Highlight China’s Export Supremacy According to the World Bank’s WITS, China exported $3.59 trillion of goods in 2024, surpassing the US’s $1.9 trillion. China now leads 145 economies in trade volume, while the US trails with a trade deficit of roughly $1.2 trillion (imports $3.12 trillion vs exports $1.9 trillion). Top Chinese exports: Machinery & electrical machines $1.68 trillion, metals $286 bn, textiles $268 bn. Top US exports: Machinery & electrical machines $447 bn, mineral products $364 bn, chemicals $245 bn. Numbers Behind the Trade Gap, Debt and Military Budgets In 2024 China posted a trade surplus of over $1 trillion, while the US ran a deficit of about $1.2 trillion. Government debt stands at 115 % of GDP for the US and 94 % of GDP for China, with the US national debt exceeding $39 trillion. Military spending in 2025 was $954 bn for the US (3.1 % of GDP) versus $336 bn for China (1.7 % of GDP). Strategic Implications for the Global Power Balance The data underscore a shift: China now leads in export volume, rare‑earth reserves (44 million tonnes vs US 1.9 million tonnes), and green‑energy investment ($290 bn vs US $97 bn). The US retains advantages in AI corporate spending ($109 bn in 2024) and semiconductor technology. Both powers dominate global military outlays, together accounting for over half of worldwide defence spending. Outlook: What the May Summit May Determine Analysts expect the summit to address tariff levels (US average tariff on Chinese imports ~31.6 %), rare‑earth supply security, and coordination on climate‑energy policy. A de‑escalation could stabilize trade flows and reduce debt‑driven fiscal pressures, while a hard‑line stance may deepen the bifurcation of technology supply chains and reinforce competing growth models.
#United States #China #Donald Trump
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Health May 13, 2026

Asia's Cooking Gas Crisis: Health Implications of Fuel Price Surge

Across Asia, soaring prices for liquefied petroleum gas (LPG) have forced millions to revert to tra…
The Cooking Gas Crisis in AsiaIn the ramshackle lanes of a south Delhi slum, Afshana Khatoon crouched wearily on her haunches and began lighting a small pile of firewood. She had just returned from six hours spent trudging through the urban forests and dry parks of India's capital looking for kindling to turn into a makeshift stove. As the unforgiving summer heat soared above 40C, she had walked for miles, piling the sticks and fallen branches into a bundle on her head while sweat ran down her face.Just a few weeks ago, the 35-year-old had been preparing meals for her four children on a small gas stove with little fuss. But as the crisis in the Middle East has choked India's vital supplies of imported liquefied petroleum gas (LPG) – used by more than 60% of the country's population for cooking – refills have been scarce and prices have risen far beyond what is widely affordable.Return to Traditional FuelsKhatoon, like growing numbers of people in India and more widely across Asia, has been forced to cook with crude, dirty fuels such as firewood and coal in order to survive. "It already feels like hell," she said, as she bustled about, filling a pot with water. "I'm not eating properly, and I have to work much more than before. My whole day now is about collecting firewood and cooking."The return to fuels such as firewood and coal is not only deepening the economic strain of the war on ordinary civilians in countries across Asia, but raising concerns about public health, air pollution and the fragility of the energy transition.Supply Chain Disruption and Price SurgeIndia imports about 60% of its LPG needs, of which about 90% usually comes through the strait of Hormuz, the critical shipping route still blockaded amid the ongoing conflict between Iran and the US. Official data shows India's LPG consumption fell by 2.2m tonnes in April, the sharpest decline in years.As the war has dragged on, cooking gas prices in informal markets have surged. In Khatoon's dimly lit shanty, her 5kg gas canister sat empty and forlorn in the corner. She said LPG had become prohibitively expensive for her family, rising to more than four times what she used to pay. "My husband earns 400 to 500 rupees a day. We can't spend 1,000 rupees just on gas for a week," she said.While the Indian government insists there is no shortage, in a speech this week the prime minister, Narendra Modi, called on people to adopt austerity measures including limiting their use of fuel and petrol. According to the defence minister, India has petroleum gas reserves to last just 45 days.Health and Environmental ConsequencesOnce Khatoon's fire stove is lit, thick smoke rises from the flames. It stings the eyes and throat but she has no option but to breathe it in as she cooks. She put her head in her hands, admitting she felt utterly exhausted. "We just want to cook as quickly as possible," she said.The return to biomass is raising alarms about air quality in cities across the region. Solid fuels such as wood and charcoal come with a range of health and environmental risks. They emit a dangerous set of pollutants that have been linked to respiratory problems, such as chronic obstructive pulmonary disease and lung cancer, strokes and heart disease.The combined effects of ambient air pollution and household air pollution are associated with 6.7 million premature deaths annually, according to the World Health Organization. Women and children, widely responsible for household chores such as cooking or collecting firewood, are the most vulnerable.Reversal of Environmental ProgressDelhi already ranks among the world's most polluted cities, and years of policy have focused on promoting cleaner fuels such as LPG and compressed natural gas to reduce emissions.Environmental activists fear years of progress toward widespread use of cleaner fuels is being reversed as the war in the Middle East drags on. With shortages deepening, authorities in Delhi have temporarily relaxed restrictions on the use of coal and firewood."When prices rise, it's the poorest who are forced to switch back to biomass," said Harjeet Singh, a climate activist and the founding director of the Satat Sampada Climate Foundation. "Biomass burning is a major source of fine particulate pollution."Future OutlookAs the conflict in the Middle East continues to disrupt global energy supplies, the health implications of reverting to traditional cooking methods across Asia are likely to worsen. Without immediate intervention to either increase LPG supplies or provide affordable alternatives, public health crises in major urban centers could escalate, potentially reversing years of progress in air quality improvement.The situation highlights the vulnerability of energy-dependent nations to geopolitical conflicts and underscores the urgent need for diversified energy sources and more resilient supply chains in the region.
#India #LPG #Air Pollution
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World Wide May 13, 2026

Honduras Mayor Arrested for Environmentalist's Killing

Honduran authorities have arrested three people, including former mayor Adan Funez, accused of plot…
The Arrest of Adan Funez Honduran authorities have arrested three people, including a powerful politician, accused of plotting the 2024 assassination of an environmental leader, an incident that became a symbol of government corruption. Adan Funez, former mayor of the city of Tocoa, was captured at his home on Tuesday on suspicion of masterminding the killing, following years of accusations by religious and environmental leaders. The Environmentalist's Killing Juan Lopez was an anti-corruption crusader who led a community effort against an iron oxide mining project in Colon, a rural region of northwestern Honduras, which activists said endangered the area’s dense jungles and crystalline waters, including protected reserve areas. Lopez was one of the fiercest critics of Funez, a local mayor at the time, as well as a supporter of the mine and a close ally of Honduras’s former president, Xiomara Castro, whose term ended this year. The Investigation and Charges In September 2024, Lopez called on Funez to step down because of a corruption scandal. Days later, the environmental and human rights defender was shot six times in the chest and once in the head by a masked gunman, fuelling demands for justice from Pope Francis, the United Nations and the administration of United States President Joe Biden. Accusations also emerged against Funez, a power-broker in the region’s decades-long bloody agrarian conflict. The death brought back stark memories of the global outcry over the 2016 murder of Honduran environmentalist Berta Caceres. The Impact on Environmental Defenders Protecting the environment is a high-risk profession in Honduras. People like Lopez often act as unwanted eyes and ears in resource-rich areas of Latin America, the most deadly region in the world for environmentalists, according to nongovernmental organisation Global Witness. Global Witness documented 117 killings of environmental and land defenders in Latin America in 2024 alone, amounting to 82 percent of the global total. The Future Outlook The detentions come after a handful of other arrests months earlier, but Funez was long pinpointed by local environmental and religious leaders as the man who spearheaded the assassination. The trial of the three men is set to begin next June. Dalila Santiago, a close friend and leader in Lopez’s movement, said that, after rampant impunity in the Honduras, Funez’s detention on Tuesday came as a shock. She added that Honduran authorities must continue to go after others responsible and business leaders behind the mining project.
#Honduras #Environmentalist #Juan Lopez
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Economy May 12, 2026

Kevin Warsh Confirmed to US Federal Reserve Board in Close Senate Vote

The US Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors with a 51-45 vo…
The Senate Confirmation Kevin Warsh has been confirmed by the United States Senate to join the Federal Reserve's Board of Governors ahead of an expected vote that will have US President Donald Trump's appointee lead the central bank. The Senate vote on Tuesday passed 51-45, with a single Democrat, John Fetterman of Pennsylvania, casting his vote with the Republican majority to confirm Warsh for a 14-year term. Warsh's Future Role The next step in the Senate confirmation process would be to confirm him for a four-year term as the central bank's chair. The vote is expected as soon as Wednesday, ahead of the end of current Chair Jerome Powell's term, which ends on Friday. Independence in Question Warsh's confirmation comes with questions about the central bank's independence amid ongoing pressure by Trump to cut interest rates. In the Senate Banking Committee confirmation, Senator Elizabeth Warren accused Warsh, who served on the central bank's Board of Governors in 2006-2011, of being a 'sock puppet' for Trump, an assertion he has denied. Trump said he would only appoint someone to lead the central bank if they agreed with him on interest rates. Warsh's confirmation comes amid efforts by the Trump administration to exert control over the Fed. Changes Ahead Warsh says he plans 'regime change' at the Fed, including tightening its coordination with the Treasury Department and the Trump administration on non-monetary policies and setting it on course for a smaller balance sheet, which he argues should allow for a lower policy rate. A surge in oil prices since the start of the US-Israel war on Iran has pushed up inflation and pared investor expectations for an interest-rate cut this year. Currently, financial markets are pricing about a one-in-three chance of a rate hike by December. The Fed's current target range for short-term borrowing costs is 3.5 percent to 3.75 percent. The Fed's next meeting, likely its first chaired by Warsh, is scheduled for June 16-17.
#Kevin Warsh #US Federal Reserve #Senate
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