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Economy May 25, 2026

Cattle market empties as fear grips Eid preparations in India’s West Bengal

A week before Eid al‑Adha, the Dhulagarh cattle market outside Kolkata stood almost empty as trader…
Empty stalls at Dhulagarh: Eid traders face a deserted marketLess than a week before Eid al‑Adha, the sprawling Dhulagarh cattle market on Kolkata’s outskirts looked deserted. Hundreds of cattle remain tied to bamboo poles while traders huddle under tin shades, waiting for buyers who never arrive.Political crackdown triggers market shutdownAfter the BJP won power in West Bengal on May 6, new Chief Minister Suvendu Adhikari ordered strict enforcement of the 1950 law that bans public cattle slaughter without a government certificate. The rule, previously lax under Marxist and centrist rule, now requires animals to be over 14 years old and slaughtered only in designated municipal facilities.Financial losses mount for traders and meat sellersMore than 200 head of cattle sit unsold, each unsold animal costing a seller roughly 5,000 rupees (≈ $53).Beef prices have plunged from 400 rupees per kilogram to as low as 150 rupees (≈ $1.70).One Muslim trader, known as Sundor, borrowed 1 million rupees against his mother’s jewellery to stock cattle for the festival.Licenced beef shops report a 60‑70 % drop in daily sales, forcing many to close by mid‑afternoon.Broader impact on West Bengal’s meat industry and communal relationsThe crackdown has rippled beyond the market. Restaurants such as The Burger Shop have halted beef burgers, citing police pressure on suppliers. Muslim‑run meat shops report dwindling footfall, and street‑prayer gatherings have been discouraged by newly elected BJP legislators, heightening communal anxiety ahead of the festival.Outlook: Uncertainty for Eid trade and future policy shiftsWith the election‑year atmosphere still volatile, traders fear prolonged loss of income and possible defaults on high‑interest loans. Unless the state relaxes enforcement or provides compensation, the traditional Eid livestock trade could remain suppressed, reshaping West Bengal’s rural‑urban economic linkages for years to come.
#Dhulagarh cattle market #West Bengal #Narendra Modi
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Economy May 25, 2026

Oil Prices Drop Below $100 as Markets React to Potential Iran Peace Deal

Oil prices have fallen below $100 a barrel and stock markets have risen on hopes of a potential pea…
The Global Market Response to Diplomatic HopesOil prices have fallen below $100 a barrel and stock markets have risen on hopes that the US and Iran are inching closer to a peace deal. This diplomatic development has triggered a significant market reaction, with Brent crude futures dropping to their lowest levels in two weeks.The Technical Breakthrough in Energy MarketsBrent crude futures, the global oil benchmark, were down 5.5% to just below $98 a barrel, with markets pricing in the possibility that an agreement to end the US-Israeli war on Iran could be struck. The potential reopening of the Strait of Hormuz has particularly influenced these price movements, as its de facto closure had sent energy prices soaring after the US and Israel launched missile strikes on Tehran on 28 February.Financial Market Impacts Across Asset ClassesThe positive sentiment has extended beyond oil markets to broader financial indicators:Japan's Nikkei rose nearly 3%The pan-European Stoxx 600 index was up 0.8%The dollar dipped 0.25% against a basket of major currenciesThe pound gained 0.5% to $1.3492, the highest since 14 MayTreasury futures rallied, gold climbed, and equity futures pushed higher as investors started pricing the possibility that the world's most dangerous energy choke point may soon reopen to something resembling normal flow.The Inflation and Monetary Policy ShiftInflation fears have risen around the world because of the higher cost of oil, gas, and many other materials including fertilizers, which is expected to drive food prices sharply higher in the coming months. As a result, expectations of interest rate cuts from central banks prior to the Iran war quickly gave way to predictions of rate increases. Markets now expect the Bank of England to raise rates twice this year.Future Outlook for Energy MarketsDespite the recent optimism, analysts caution that the market will likely be more cautious about overreacting. As Warren Patterson, head of commodities strategy at ING, told Reuters: "We've been at this stage before, only for talks to break down." The US and Iran remain at odds over key issues such as Iran's blockade of the strait of Hormuz, which continues to cast uncertainty over the energy market's future direction.
#Oil Prices #Iran #US
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Entertainment May 25, 2026

The Frozen Silence of Dhorpatan: A Review of 'No Winter Holidays'

The Guardian reviews 'No Winter Holidays,' a documentary following two elderly widows in Nepal's Dh…
The Frozen Silence of DhorpatanThe documentary 'No Winter Holidays' presents a haunting portrait of female companionship set against the unforgiving backdrop of Nepal's western highlands. Directed by Rajan Kathet and Sunir Pandey, the film captures the stark beauty of the Dhorpatan valley during winter, a time when most inhabitants migrate south, leaving only two elderly caretakers behind.A Portrait of Female Companionship in IsolationThe narrative centers on Ratima and Kalima, two widows who share a complex history as former romantic rivals. The film juxtaposes their contrasting temperaments: the jaded, alcohol-soaked Ratima and the sunny, nurturing Kalima. Despite their past conflicts, they now share a sisterly bond, caring for one another in an abandoned village.Ratima: The older caretaker, defined by regret and a haze of alcohol.Kalima: The younger caretaker, known for her sunny disposition and affection for livestock.Cinematography vs. Emotional DepthWhile the film is lauded for its breathtaking cinematography—observing the geographical contours of the valley from frozen slumber to springtime awakening—the review suggests a slight imbalance. The stunning visuals occasionally distract from the emotional core of Ratima and Kalima's relationship, causing the film to veer into a nature documentary format.Resilience in the High HimalayasThis documentary offers a profound insight into the resilience of women in remote regions. By focusing on the daily routines and reminiscences of the protagonists, the film highlights the warmth of human connection amidst a desolate landscape.A Release Strategy for True Story'No Winter Holidays' is scheduled to premiere on True Story starting May 29. The film appeals to audiences interested in atmospheric documentaries and the socio-cultural dynamics of rural Nepal.
#No Winter Holidays #Rajan Kathet #Sunir Pandey
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Business May 25, 2026

ISS Calls for Vote Against Metro Bank's Executive Pay Report Amid £60m Bonus Concerns

Institutional Shareholder Services (ISS) has urged investors to vote against Metro Bank's 2026 pay …
ISS Urges Shareholders to Reject Metro Bank's 2026 Pay ReportInvestors in Metro Bank face a proxy‑adviser recommendation to vote against the lender’s upcoming pay report, scheduled for the annual meeting on 2 June 2026. Institutional Shareholder Services (ISS) argues that the bank’s “shareholder value alignment plan” (SVAP) is “significantly out of line” with market standards.Key Features of the Controversial SVAPLinks executive bonuses directly to the bank’s share price, irrespective of operational performance.Could award CEO Dan Frumkin a total payout of up to £60 million by the end of the scheme.Salary for 2026 is set to rise 11.3% to £1.05 million, up from £943,500 in 2025.Financial Snapshot: Payouts and PerformanceDespite the compensation concerns, Metro Bank reported record revenues and its highest underlying pre‑tax profit in history last year. The share price climbed more than 25% in 2025, continuing an upward trend.Executive remuneration highlights:2025 total CEO package: £2.6 million (up from £1.2 million in 2024).Salary increase for FY2024 was roughly 20%.Governance Implications and Shareholder RisksISS flagged “insufficient disclosure” around non‑financial bonus metrics, noting vague descriptions of “people objectives” and “risk and regulatory objectives.” The adviser warned that the pay structure could misalign management incentives with long‑term shareholder value, especially given the bank’s recent turnaround efforts after a near‑collapse in 2023.The 2023 rescue involved a £925 million deal led by Colombian billionaire Jaime Gilinski, who now controls 53% of Metro Bank.What Lies Ahead for Metro Bank’s Compensation PolicyIf shareholders follow ISS’s advice, the SVAP could be rejected, forcing the board to redesign its remuneration framework. Analysts expect heightened scrutiny of executive pay across the FTSE 250, with potential pressure for greater transparency and alignment with performance metrics.Metro Bank’s spokesperson defended the plan, emphasizing its focus on long‑term growth and alignment with shareholder interests. The outcome of the vote will signal whether investors prioritize governance reforms over short‑term payout incentives.
#Metro Bank #Dan Frumkin #Institutional Shareholder Services
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Science May 25, 2026

A Billion Years of Sex Differences: Evolutionary Psychology's Take on Gender

A review of Steve Stewart-Williams' book explores evolutionary psychology perspectives on gender di…
The Evolutionary Perspective on Gender DifferencesAccording to evolutionary psychologist Steve Stewart-Williams, almost everyone gets sex wrong. Traditionalists tend to exaggerate natural differences between men and women, while progressives tend to minimize them and assume that nurture and socialization play a decisive role. In his book "A Billion Years of Sex Differences," Stewart-Williams promotes a more nuanced, scientifically rigorous public conversation about why and how men and women differ to guide better policymaking.Understanding the Spectrum of Sex DifferencesStewart-Williams identifies varying degrees of sex differences. Some are relatively pronounced, such as attraction patterns, upper body strength, height, likelihood of committing violence, and occupational interests. Others, like ability in mathematics or conscientiousness, are much more modest. These differences are best visualized as two overlapping bell curves. For example, while the average man is taller than the average woman, there is considerable common ground—knowing someone is 5ft 8in doesn't enable confident gender identification.Research Evidence and Scientific BiasesAs a professor of psychology at the University of Nottingham Malaysia, Stewart-Williams examines various physical, psychological, and cognitive sex differences through an evolutionary lens. He identifies common biases in his field, including "gamma bias" (minimizing differences that paint men in a better light while highlighting those that do the opposite) and "delta bias" (an aversion to traditional sex differences and a preference for the reverse).His research found that when presented with fictitious studies showing men drawing better, lying less, or being more intelligent, people rated them as lower in quality, more harmful, and more worthy of censorship than studies showing women possessed these positive traits.Implications for Gender Equality and PolicyStewart-Williams argues that innate differences don't imply one sex is better than the other, nor do they suggest a moral imperative to enforce sex differences. However, he believes that when given freedom of choice, men and women tend to gravitate toward different directions—men toward working with things and status, women toward working with people and relationships.Interestingly, various studies find that many sex differences—from occupational preference to personality traits—are more pronounced in more gender-equal countries, suggesting that when social constraints are removed, natural tendencies become more evident.The Future of Gender ResearchWhile Stewart-Williams presents compelling evolutionary explanations for sex differences, the reviewer notes that evolutionary psychology isn't always the most useful lens. For example, understanding domestic violence as primarily a manifestation of male aggression rather than patriarchy may overlook how socialization and culture shape behavior in different societies.The book contributes valuable insights to the nature versus nurture debate, but ultimately represents only one part of a complex story about human development and gender relations. Future research will likely need to integrate biological, psychological, and sociological perspectives to fully understand the intricate interplay of factors that shape who we are.
#Steve Stewart-Williams #Evolutionary Psychology #Gender Differences
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Entertainment May 25, 2026

A Masterclass in Lesbian Eroticism: Why Bound Is the Ultimate Feelgood Film

The author explains why the 1996 lesbian erotic thriller 'Bound' serves as their personal feelgood …
The Enduring Appeal of BoundI'm not necessarily inclined towards what might typically be dubbed "feelgood." No, you won't find me seduced by a happy ending, nor am I partial to the oeuvre of Disney (in fact, I find all the talking animals and poreless princesses a bit grotesque). The raw edges and friction of feelbad have tended to be much better suited to my tastes: the porno chic slasher Knife+Heart, the sartorial murder of In Fabric and the snuff film-obsessed Thesis. Sex and gore, basically. For a long time, my favourite film was Crimes of the Future: a stomach-churning body horror about sexual-surgical experiments.A Queer MasterpieceHowever, there is one movie that reveals a slightly soft(er)core side to my viewing habits, which I frequently return to in order to feel the gushy feelings and butterflies of a school crush. That film is Bound. The 1996 directorial debut from the Wachowski sisters, the plot revolves around an opposites-attract scenario which is both familiar and high stakes: plumber Corky, and mafia moll Violet. When their eyes meet across an elevator, the tiny vestibule becomes thick with sexual tension: it is so on.Most of what makes this film work is the palpable chemistry between Corky, whose slick masculinity is embodied by Gina Gershon, and Violet, played with ultimate sex pot prowess by Jennifer Tilly. The whole thing is shot in the conventions of the sapphic gaze: we get plenty of closeups of Corky's hands wrestling with pipes, snaking holes and unscrewing things in languorous, laborious detail.Say what you will about how openly queer actors should play openly queer roles, but this film – starring two ostensibly cis, straight female leads – is a masterclass in lesbian eroticism. The two main actors so seamlessly embody a masc/femme dynamic, without the try-hard didacticism of many later cinematic attempts, to create a relationship that feels oddly real (except much, much hotter).Character Analysis and ChemistryHaving just starred as the vamp Cristal Connors in the trash-cult, 1995 Vegas romp Showgirls, it's uncanny to see Gershon undergo such a dramatic gender transformation to play a butch pin-up just one year later. It's not a stretch to say that Corky has the kind of sly smirk and shaggy hair that no doubt served as the blueprint to The L Word's Shane.And then, well, there's Jennifer Tilly. A porcelain doll: her sex appeal is painted on the surface of her pout and her whole-bosom sighs but, underneath, she has a strong and stony demeanour. A complex female protagonist who smolders and manipulates to get what she wants from men, and a femme imprisoned by her own beauty, Tilly delivers probably the most astute performance exploring the double life of a straight-passing lesbian which I have ever seen.The Plot and Its ThemesAnyway, back to the plot. What comes after our protagonists' initial meeting is oh-so relatable: Corky, having just got out of prison, is particularly vulnerable to Violet's high-femme charms. In a turn that can only be explained by unbridled lust, Corky agrees to help her in a mad caper to steal $2m from the mob and pin it on her boyfriend. I, too, fear that I would do whatever Violet asked me to.But, to be honest, the crime plot is pretty inconsequential to me. What do I care if they pull it off or not? If you're interested, however, there are some tired – almost femmephobic – overnotes, where Corky begins to doubt if Violet is really the lesbian she says she is, or if she will ditch her for a man the first chance she gets. But despite it all, they get their own happy ending.Interestingly, the plot draws an equivalence between the prison time served by Corky and Violet's very own sentence: the years she spends as a clandestine lesbian in straight relationships with men, for her own financial survival. At the end of the film, evading prison and with a stack of cash, they are both free: Corky of the criminal justice system, and Violet from the confines of cis-heterosexual society.Legacy and Cultural ImpactWhile this film came out about 30 years ago – in my birth year – it remains the most convincing depiction of dyke sexual dynamics I have ever seen on screen. While they weren't out at the time, the Wachowski sisters (both trans lesbians) were cinematically brave: depicting the cheek, mischief and pleasure of sapphic relationships with Bound. I'm of a different generation to the directors, and I supposedly have access to a whole plethora of queer representation, but if it wasn't for this film made by two trans women in the 90s, I wouldn't have cinematic proof of my own sexuality.Bound is available on Kanopy or to rent digitally in the US and to rent digitally in the UK and Australia
#Bound #Wachowski Sisters #Lesbian Cinema
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Sports May 25, 2026

Mercedes teen Antonelli wins Canadian GP for fourth straight F1 victory

Kimi Antonelli, a 19-year-old Italian driver for Mercedes, won the Canadian Grand Prix, securing hi…
The Canadian GP Showdown Kimi Antonelli, a 19-year-old Italian sensation, drove to a commanding victory at the Canadian Grand Prix, marking his fourth consecutive win in Formula 1. The triumph came on the heels of a tense battle with his Mercedes teammate, George Russell, during a sprint race the day prior. Antonelli's Dominant Performance Russell, who had been in a heated fight with Antonelli through 30 laps, unfortunately dropped out due to an engine failure. This setback handed Antonelli a clear path to the finish line, allowing him to claim the victory by over 10 seconds ahead of Ferrari's Lewis Hamilton. The Data Analysis With this win, Antonelli extended his championship lead to 43 points over Russell, through five of 22 races. The current standings are: Mercedes (219) leads Ferrari (147) by 72 points in the constructors' standings. Antonelli has won five races so far: Australia (Russell won), China, Japan, Miami, and now Montreal. The Impact Analysis Antonelli's consistent performance has placed him in a strong position in the championship race. His ability to navigate the challenges of different circuits and maintain a high level of performance has been impressive. This win also marks a significant moment for Mercedes, highlighting their strong showing in the constructors' standings. The Prediction As the season progresses, it will be interesting to see how Antonelli and Mercedes continue to perform under pressure. With his current lead, Antonelli is in a favorable position to secure the championship, but Russell and other drivers are likely to mount a strong challenge. The dynamic between Antonelli and Russell, particularly after their on-track battle and engine failure, adds an intriguing element to the season's narrative.
#Kimi Antonelli #Mercedes #Formula 1
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Politics May 25, 2026

Miliband Advocates 'Separate Bedrooms' for Europe and US, Rejects Complete Divorce

Former UK Foreign Secretary David Miliband argues Europe should seek greater strategic autonomy fro…
The LeadFormer Labour Foreign Secretary David Miliband has delivered a nuanced perspective on Europe's relationship with the United States, advocating for increased European autonomy while stopping short of suggesting a complete break from the transatlantic alliance. Speaking at the Hay literary festival, Miliband used the metaphor of 'separate bedrooms, maybe. Divorce, no,' to describe his vision for the future of Europe-US relations amid growing tensions under the Trump administration.The Strategic Autonomy DebateMiliband explicitly rejected the argument that strategic autonomy for Europe necessitates divorce from the United States, warning of the dangers of such a path. Instead, he suggested Europe needs to develop greater 'agency' in economic and military matters. This includes addressing challenges in defense procurement, where European nations often purchase either European or American equipment, and in the realm of artificial intelligence, where achieving digital sovereignty remains particularly challenging.When pressed on practical implications, Miliband humorously added that Europe would also need 'separate bank accounts,' indicating a desire for greater financial independence while maintaining the broader alliance framework.The Economic Disparity AnalysisA key factor in Miliband's analysis is the significant economic disparity between Europe and the United States. He highlighted that US GDP per capita is nearly twice that of Europe's in nominal terms, which he identified as a core weakness affecting Europe's political and military capabilities. Miliband emphasized that generating wealth and distributing it fairly is essential for addressing these weaknesses and strengthening Europe's global position.The climate issue emerged as a critical area where Miliband believes Europe must lead regardless of US policy direction. 'There's a massive economic interest as well as an environmental interest in Europe being at the absolute forefront,' he stated, suggesting that Europe cannot afford to be held back by American policy reversals on climate issues.The Transatlantic Impact AnalysisThe panel discussion, which also featured writer and lawyer Philippe Sands and philosopher Susan Neiman, revealed growing concerns about the current state of transatlantic relations. Sands characterized the UK-US relationship as 'one-way,' noting that Britain is 'far more dependent' on the US than vice versa. He argued that Britain's 'primary connection' is with Europe, suggesting a need to realign post-Brexit.Sands emphasized that Britain 'will not be seen as a reliable partner' by France and other European nations, indicating significant diplomatic work ahead. The discussion also addressed Brexit's economic impact, with moderator Misha Glenny noting that it has demonstrated to other EU member states the catastrophic consequences of disengaging from regulatory alignment.The Future OutlookMiliband's comments build upon his recent call for a 'national consensus' over the UK's position on rejoining the EU, following reports of a rejected proposal to create a single market for goods with the European Union. He addressed concerns that rapprochement with Europe would betray leave voters, stating that 'immiserating ourselves or making us less secure honours the Brexit vote. The opposite is actually the case.'The former foreign secretary also commented on global conflicts, suggesting that the 'break in the international system' represented by the war in Iran was 'bigger' than the one represented by the war in Iraq, noting that this conflict has broken relationships between America and Europe in a way he hadn't previously witnessed.
#David Miliband #Europe-US Relations #Brexit
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Sports May 24, 2026

Cairney’s Late Masterclass Signals End of an Era at Fulham

Fulham secured a 2-0 victory over Newcastle United with a late Tom Cairney strike, a result that li…
A Fitting Farewell at Craven CottageFulham secured a 2-0 victory over Newcastle United, but the narrative of the match extended far beyond the final whistle. Tom Cairney’s second-half wonder goal provided a fitting send-off for manager Marco Silva, whose future at the club hangs in the balance.Cairney’s Magic Finale Secures Vital WinThe match began with a strong signal from Fulham, as Issa Diop powered in a header following a deflected free-kick. However, the defining moment came late in the game when Tom Cairney unleashed a spectacular strike to seal the three points.Diop's Header: Opened the scoring early in the first half.Cairney's Goal: A "lovely strike" that capped off the season.Scoreline: Fulham 2-0 Newcastle.Missed Opportunities and Season-Long FrustrationsWhile the result was positive, the season's trajectory for both teams was defined by inconsistency. Fulham missed out on a potential Europa League spot (6th place) due to a previous loss to Bournemouth. Similarly, Newcastle's Champions League hopes were effectively extinguished in February.Fulham's Consistency: Won back-to-back league matches only once since the turn of 2026.Newcastle's Decline: A run of one win in seven games derailed their title charge.The Uncertain Future of Fulham’s LeadershipThe most significant storylines revolve around Marco Silva. Despite Fulham offering a three-year extension, Silva has repeatedly declined to commit publicly or privately. Reports suggest Benfica is preparing an offer to replace the Real Madrid-bound José Mourinho.Contract Status: Silva promised a decision after the season.Club Offer: A three-year extension was tabled but rejected.Managerial Market: Benfica is the likely destination for Silva.Will Benfica or Fulham Win the Silva Saga?Given Silva's refusal to sign a new deal and the reported interest from Benfica, it appears increasingly likely that this was his final game in charge. Fulham will enter the summer transfer window needing to identify a replacement, while Silva prepares for a new challenge in Portugal.
#Fulham #Marco Silva #Tom Cairney
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