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World Economy Apr 05, 2026

Co-op's Former CEO Shirine Khoury-Haq Received £1.9m Pay Package Despite Company's Difficult Year

The former CEO of Co-op, Shirine Khoury-Haq, received a £1.9m pay package in 2025 despite the compa…
The former boss of the Co-op collected almost £2m before her sudden departure last month despite a difficult year when the retailer was pushed into the red by a damaging cyber hack.Shirine Khoury-Haq’s total annual pay package amounted to £1.9m in 2025, including a £165,000 “rewarding growth” bonus that was approved by the mutual’s board despite falling sales and the slide to an underlying loss of £125m.Khoury-Haq and other executives did not receive their regular annual bonus as the board said the company had not met an “affordability underpin” to make the payout. However, Khoury-Haq’s total pay did include a long-term performance bonus linked to earlier years.In the Co-op Group’s annual report, the remuneration committee said it had decided to pay out 10% of the three-year potential total for the new “rewarding growth” incentive plan, which goes to all staff. Full-time, frontline workers, such as shop floor staff, who were employed for all of 2025 received £100 each under the scheme.The report did not say if Khoury-Haq would receive any compensation for loss of office on her departure but did make clear she would not receive any more from the “rewarding growth” scheme. Kate Allum, a board member and former boss of the dairy group First Milk, will step in as the interim chief executive while a permanent replacement is sought.Khoury-Haq’s departure after four years heading the company, and almost seven at the business, came a month after reports of concerns about the culture at the top of the group. Last week, Khoury-Haq denied that her resignation was linked to the allegations of a toxic culture. “My decision to leave was very much a personal decision,” she said. “The reason is I want to go and do something else.”
#co-op #year #not
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World Economy Apr 05, 2026

Iran's Drone Strikes on Kuwait's Oil Infrastructure Escalate Tensions Ahead of Opec+ Talks

Iranian drones have struck Kuwait's oil infrastructure, causing severe material damage and threaten…
Iranian drones have launched a series of attacks on Kuwait's oil infrastructure, resulting in severe material damage and posing a significant threat to oil supplies that are already strained due to the ongoing US-Israel war on Iran.The drone strikes, which took place on Sunday, happened just hours before members of the Opec+ group of major global oil suppliers convened to discuss strategies for increasing output, despite Iran's effective blockade of the Strait of Hormuz shipping route.The Islamic Revolutionary Guard Corps of Iran claimed responsibility for the attacks, stating that they had targeted petrochemical plants in Kuwait, as well as in the United Arab Emirates and Bahrain. The Kuwait Petroleum Corporation reported damage and fires at its subsidiaries, including at the Shuwaikh oil sector complex, which houses the oil ministry and KPC headquarters.The attacks on Kuwait's oil infrastructure are part of a broader escalation of tensions in the Middle East, with Iranian drones also reportedly striking an office complex for Kuwaiti government ministries and two power and water desalination plants.The conflict has led to the largest disruption to oil supplies in history, with the price of Brent crude surging more than 50% since the start of the year to a peak of $119.50 a barrel in March. It is currently trading at about $109 a barrel.The disruptions have had a significant impact on energy costs for consumers, with the average price of a litre of unleaded petrol in the UK reaching 154.45p on Sunday, and the average US fuel price passing $4 a gallon for the first time in four years.Opec+ members have agreed in principle to raise output by 206,000 barrels a day in May, but the agreement remains largely symbolic while Iran continues to block the Strait of Hormuz, a vital trade artery through which about 20% of the world's total crude oil passes.
#iran #oil #kuwait
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World Apr 05, 2026

US Rescue of Downed F‑15 Crew Underscores Iran’s Capacity to Impose Heavy Costs

The United States rescued the second crew member of a shot‑down F‑15E in Iran, a costly operation t…
The United States succeeded in extracting the remaining crew member of an F‑15E Strike Eagle that was downed over Iran, but the 48‑hour rescue exposed the high financial and operational risks of the conflict.While former President Donald Trump is likely to spin the operation as a propaganda win, analysts note that the incident – occurring just five weeks into the war – is a stark reminder that an undefeated Iran can still inflict costly setbacks on U.S. forces.The aircraft was the first U.S. warplane shot down by hostile forces since 2003, highlighting the rarity of such losses in a campaign where U.S. and Israeli jets are reportedly conducting 300‑500 airstrikes per day on Iranian targets.Financially, the episode was significant. An F‑15E costs roughly $31 million (potentially up to $100 million for a new model), while each modified C‑130 Hercules rescue transport carries a list price of about $115 million. Two of these were lost after becoming stuck on an abandoned airstrip south of Isfahan and were destroyed by U.S. forces to prevent capture. An HH‑60 Pave Hawk helicopter also sustained gunfire damage.Combined, the destroyed and damaged airframes push the total expense of the rescue operation beyond $250 million, a figure that dwarfs the strategic value of a single crew member.Before the conflict, the U.S. special‑force command fielded 218 F‑15E Strike Eagles and 55 C‑130s, according to the International Institute for Strategic Studies, underscoring that the loss of a few aircraft, while costly, does not fundamentally alter U.S. air superiority.Politically, the rescue was essential to avoid a Tehran propaganda coup reminiscent of the 1979‑80 U.S. embassy hostage crisis. Capturing an American airman would have provided Tehran with a powerful bargaining chip.Iranian forces failed to locate the crew or contest the U.S. use of the abandoned airfield, possibly due to the presence of Reaper drones tasked with neutralising any Iranian personnel within a three‑kilometre radius.The incident also raises doubts about the feasibility of a proposed U.S. ground operation to seize an estimated 440 kg of highly enriched uranium hidden in underground canisters near Isfahan. The loss of rescue assets illustrates the heightened risk of any such incursion.Despite more than 15,000 airstrikes against Iran to date, Tehran can still turn relatively minor U.S. or Israeli losses into a propaganda victory, proving that in an asymmetric conflict the weaker side needs only a single lucky strike to make a global impact.
#iran #rescue #crew
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World Economy Apr 05, 2026

Christian Leaders Challenge GB News Owner Over Climate Claims as Net‑Zero Support Remains Strong

Over 120 Christian leaders wrote to GB News proprietor Sir Paul Marshall demanding transparency on …
Last week, a coalition of more than 120 Christian leaders sent an open letter—published by The Guardian—to Sir Paul Marshall, the hedge‑fund manager who partly owns GB News. The letter accused the channel of spreading climate misinformation and called for full disclosure of any personal investments in fossil fuels, as well as transparency from GB News presenters and guests. Instead of addressing those transparency demands, Sir Paul replied in a Guardian letter, asserting that the “net‑zero consensus is crumbling.” This claim runs counter to multiple public‑opinion surveys that show a robust majority of Britons still favour decarbonisation efforts. What has shifted, analysts note, is that two of the United Kingdom’s major political parties now oppose a legally binding net‑zero target. Their stance does not appear to reflect public sentiment, prompting observers to question the motives behind the growing anti‑net‑zero rhetoric. Critics warn that as the nation’s reliance on expensive and volatile fossil fuels persists, the country edges closer to dangerous climate tipping points while households grapple with soaring energy costs. Rev Dr Darrell Hannah, chair of Operation Noah, described the situation as “curious and disheartening,” suggesting that GB News is intent on preserving an unsustainable status quo. London‑based commentator Judith Russenberger added that Sir Paul and his outlet ignore a wealth of scientific and economic evidence. She emphasized that the planet is heating faster than ever, not merely undergoing a “gradual warming phase,” and that the UK’s high electricity prices stem from a pricing system that ties power costs to the price of gas, rather than the cost of wind or solar generation. These challenges highlight a broader clash between media narratives, political positioning, and the public’s clear appetite for decisive climate action.
#paul #climate #guardian
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World Apr 05, 2026

Paris’s 12‑Year Shift from Car‑Centric Streets to a Bike‑Friendly 15‑Minute City

Over the past dozen years, Paris transformed its streets by planting 155,000 trees, adding hundreds…
When Corentin Roudaut arrived in Paris a decade ago, he swapped his student‑era bike for a car, daunted by the city’s traffic and lack of cyclist protection. After a protected lane opened on Boulevard Voltaire in the 11th arrondissement, he reclaimed his two‑wheel commute and now volunteers with the cycling advocacy group Paris en Selle, witnessing a city that has shed its car‑centric image.Roudaut notes that the shift “started slowly but really accelerated in the last ten years,” with a growing network of bike routes that is becoming safe and nearly complete in many districts.Mayor Anne Hidalgo’s 12‑year agenda reshaped Paris’s urban fabric. Since taking office in 2014, her administration planted 155,000 trees, created several hundred kilometres of segregated bike lanes, pedestrianised 300 school streets, and banned cars from the banks of the Seine. Former parking spaces have been turned into green plazas and café terraces, reducing the risk of children being hit while walking to school.As Hidalgo departs on Sunday, her legacy is touted as a blueprint for progressive European cities, especially as some national governments retreat from green initiatives.Nevertheless, the reforms have sparked pushback. Motorists object to the loss of road space, and recent referendums on higher parking charges for SUVs and further school‑street pedestrianisation suffered low voter turnouts. Right‑wing mayoral candidate Rachida Dati described the new public‑space regime as “anxiety‑inducing,” though she stopped short of promising a reversal.In a candid interview, Hidalgo described the Seine‑bank pedestrianisation as “a tough battle” that, once won, left residents reluctant to revert to car traffic. She highlighted a generation of children who have never known cars on those riverbanks, prompting awe‑filled reactions from visitors.Urban scholars attribute the rapid change to Paris’s tight administrative boundaries, which limit suburban influence on city transport decisions, and to groundwork laid by previous mayors. Yet they stress that political courage was essential to implement measures that inconvenienced drivers while delivering social and environmental benefits.Environmental epidemiologist Audrey de Nazelle of Imperial College London, a Paris native, praised the transformation as “fabulous” and warned that many cities lack the bravery to pursue similar legacies.A recent report placed Paris among 19 global cities that cut two major toxic air pollutants between 2010 and 2024. While Brussels and Warsaw saw faster declines in fine‑particle matter, London outpaced Paris in reducing nitrogen‑dioxide levels.By contrast, Berlin—despite opening a new inner‑city motorway and scrapping 30 km/h speed limits on key streets—still records a higher share of cyclists than Paris.Transport researcher Giulio Mattioli argues that Paris simply needed to add bike lanes to unlock latent demand, noting that the city started from a lower baseline but quickly caught up with peers.However, the transformation remains uneven. The extensive suburbs continue to be dominated by cars, hemmed in by the 35 km Boulevard Périphérique ring road. Analyst Jean‑Louis Missika of think‑tank Terra Nova stresses that “as long as this motorway encircles Paris, the Greater Paris metropolis will remain an administrative construct devoid of urban reality.” He calls for dismantling or repurposing the ring road to achieve a truly post‑car metropolis.
#paris #city #cars
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News Apr 04, 2026

Iran Hangs Two PMOI Members Amid Ongoing US‑Israeli Conflict, Raising International Human‑Rights Alarm

Iran executed two men convicted of membership in the banned People’s Mojahedin Organization of Iran…
Iran carried out the execution of Abolhassan Montazer and Vahid Baniamerian on Saturday morning, following a Supreme Court ruling that confirmed their death sentences for membership in the outlawed People’s Mojahedin Organization of Iran (PMOI/MEK) and involvement in "armed rebellion" through multiple terrorist acts. The two men were hanged after a Revolutionary Court sentenced them in late 2024, a case that underscores Tehran's intensified crackdown on dissent amid the US‑Israeli war on Iran that began on February 28. This latest execution follows the hanging of four other PMOI members—Mohammad Taghavi, Akbar Daneshvarkar, Babak Alipour and Pouya Ghobadi—on March 30‑31, bringing the total number of executed opposition figures to six since the conflict escalated. The PMOI condemned the hangings in an April 2 statement, labeling Tehran's actions a "futile" attempt to suppress opposition and warning that such brutality will only fuel the resolve of Iran’s youth to challenge the regime. Human‑rights groups have also decried the executions. Amnesty International reported that the men were allegedly tortured while in custody and transferred to an undisclosed location shortly before their deaths. The organization warned that additional protesters—some sentenced to death for participation in the January anti‑government demonstrations—could face execution after being moved from Ghezel Hesar prison. Amnesty’s deputy regional director for the Middle East and North Africa, Diana Eltahawy, said, "It is unconscionable that even as the population endures mass bereavement from aerial bombardments, the Islamic Republic continues to weaponize the death penalty to eradicate dissenting voices and terrorise its people." The wave of hangings also includes the case of Kouroush Keyvani, a dual Iranian‑Swedish national convicted of spying for Israel, whose execution sparked outrage in Stockholm and the European Union. Another individual convicted of acting on behalf of Israel and the United States during the protests was executed on Thursday. These developments occur against a backdrop of intensified military confrontations, with Iran reporting the downing of U.S. aircraft and ongoing aerial bombardments by Israel and the United States, further complicating the nation’s internal security landscape. International observers warn that the continued use of capital punishment as a tool of political repression not only violates human‑rights norms but also risks deepening regional instability as the war persists.
#iran #convicted #pmoi
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News Apr 04, 2026

Iran Conflict Escalates: Tehran Downing of US Warplanes Sparks Major Crisis

The conflict between Iran, the US, and Israel has escalated with Iran claiming responsibility for d…
The conflict between Iran, the US, and Israel has reached a critical juncture on day 36 of the war. Iran has claimed responsibility for shooting down two US warplanes, a F-15E Strike Eagle and an A-10 Warthog, in a significant escalation of the conflict. Two American crewmembers were rescued, while one airman remains missing after the incidents over the Kohgiluyeh and Boyer-Ahmad provinces and the Gulf. Iranian officials have celebrated the downing of the aircraft as a major military success, demonstrating Tehran's capability to confront US and Israeli forces. The incidents have sparked a major crisis, with search and rescue operations underway for the missing US crewmember. A US Black Hawk helicopter involved in the search was also hit by Iranian fire but managed to remain airborne. Iranian President Masoud Pezeshkian has questioned the US's sincerity about diplomacy, accusing Washington of hypocrisy. The conflict has also had a significant impact on the region, with simultaneous conflicts in Iran, Gaza, and Lebanon costing Israel an estimated $112bn. The war has resulted in at least 2,076 people killed and 26,500 wounded in Iran since the start of the conflict on February 28. The international community remains on high alert, with Iran launching missile attacks on southern Israel and Israel destroying two critical bridges in Lebanon's Bekaa Valley.
#iran #israel #war
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Science Apr 04, 2026

NASA Shares First Artemis II Earth Photos as Crew Nears Moon, Highlighting 100,000‑Mile Journey

NASA released the inaugural images captured from the Artemis II Orion capsule, showing Earth from 1…
NASA has unveiled the first photographs taken from inside the Artemis II Orion spacecraft, where a crew of four astronauts is currently circling the Moon. The images, released on Friday, were captured by mission commander Reid Wiseman through the capsule’s window, revealing a cloud‑shrouded Earth rising beyond the spacecraft. A second shot displays the full globe, complete with shimmering oceans and a faint green aurora, emphasizing the planet’s fragility from deep space. At mid‑morning on Friday, the crew was approximately 100,000 miles (160,000 km) from Earth and had another 160,000 miles (258,000 km) to travel before reaching the Moon, a milestone expected on Monday. The team—three Americans and one Canadian—will orbit the Moon in the Orion capsule before looping back to Earth without landing. The spacecraft entered its lunar trajectory after firing its main engine on Thursday night. Mission specialist Christina Koch, the first woman to travel around the Moon, told ABC News, "I knew that is what we would see, but nothing prepares you for the breathtaking view of our home planet lit up by day and the Moon’s glow at night." She added that the crew is eager to experience similar vistas of the Moon and the eventual return home. The mission is now on its third day of a planned ten‑day flight. On day six, the Orion will make its closest approach to the lunar surface, passing 4,000‑6,000 miles (6,450‑9,650 km) above the Moon. After circling the far side—the first human deep‑space journey of this magnitude in over five decades—the crew will use lunar gravity to set a course back to Earth, with a splashdown slated for April 11 at 00:06 GMT (8:06 p.m. ET on April 10) in the Pacific Ocean off San Diego. Astronaut Victor Glover reflected on the emotional impact of seeing Earth from space, saying, "From up here, you look amazing. Homo sapiens is all of us—no matter where you’re from or what you look like. We’re all one people." He called the mission a true "moonshot" that demonstrates what humanity can achieve when differences are set aside. The released images not only showcase the technical success of Artemis II but also serve as a powerful reminder of our shared planetary identity as the crew prepares for the historic lunar flyby.
#NASA #Artemis II #Orion capsule
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Video Apr 04, 2026

Tensions Rise: Potential Military Intervention to Reopen Strait of Hormuz

The situation surrounding the Strait of Hormuz has escalated, with concerns about potential militar…
The Strait of Hormuz, a critical passage for global oil shipments, has become a focal point of international tension. There are growing concerns about the possibility of military intervention to ensure its reopening, following recent developments in the region. The strait, which connects the Persian Gulf to the Gulf of Oman, is vital for the global economy, with a significant portion of the world's oil supply passing through it. Any disruption to this waterway could have far-reaching impacts on global energy markets and economic stability. While details about specific plans for military action remain scarce, the international community is closely monitoring the situation, aware of the potential for conflict to escalate. Diplomatic efforts are underway to address the underlying issues and find a peaceful resolution. The situation in the Strait of Hormuz is a critical juncture for international relations, with implications extending beyond the region. The global community remains vigilant, hoping for a peaceful outcome that ensures the free flow of commerce and stability in this vital region.
#force #used #reopen
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