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World Economy Apr 14, 2026

Australia’s EV Policy Gap Costs Billions and Delays Massive Consumer Savings

Australia’s reluctance to set firm deadlines for phasing out petrol and diesel cars has left the na…
In 2020, several nations—including the UK and India—announced ambitious bans on new internal‑combustion‑engine vehicles, while Norway already saw around 60% of new car sales being electric. Australia, however, remained on a different trajectory. Former Prime Minister Scott Morrison dismissed a Labor proposal for a non‑binding 50% electric‑vehicle target by 2030, claiming it would “end the weekend.” The Coalition ignored analyses suggesting that a robust emissions‑cut scheme could deliver a $14 billion net benefit by 2040, and later abandoned plans for an EV‑specific strategy. Five years on, the Albanese government has introduced a vehicle‑efficiency standard mandating annual reductions in average emissions from new cars. Though a long‑awaited move, the policy’s impact will be incremental rather than transformative. March saw a record number of Australians purchasing EVs, yet the market share remains modest—still under 15% of new car sales, up only slightly from 13% in 2025. With fuel prices soaring amid the Iran conflict, the majority of vehicles leaving showrooms are still powered by petrol or diesel, and many will stay on the road for the next 15‑20 years. One bright spot is the surge in second‑hand EV sales, which more than doubled last month despite a tiny baseline. Higher resale values are encouraging broader adoption by making electric cars financially accessible to a larger pool of buyers. Globally, electric vehicles accounted for roughly 25% of new car sales last year. In Australia, the price differential between comparable petrol and electric models averages around 20%, a significant barrier for many consumers. That gap is narrowing, and the potential savings for EV drivers are substantial. Data from energy analyst Simon Holmes à Court—using Amber electricity retailer figures—show that an EV can travel over 40 km per $1 of energy, whereas a conventional car manages less than 5 km per $1 of fuel. Amber’s own smart‑charging platform suggests the distance could reach 160 km per $1 under optimal conditions. Despite such evidence, Australian political discourse often struggles to envision a low‑fossil‑fuel future. Calls for expanded oil exploration, such as Queensland Premier David Crisafulli’s claim of a “sea of oil” in the Taroom trough, lack substantiation and would likely involve costly, long‑term development with uncertain returns. Compounding the issue, the mining sector—Australia’s biggest diesel consumer—receives a 52‑cent‑per‑litre rebate under a national fuel‑tax credit scheme, effectively subsidising over $1 billion annually for diesel use in coal mines. This incentive discourages investment in cleaner truck technologies, even as the safeguard mechanism attempts to curb emissions. Policy recommendations include tightening the vehicle‑efficiency standard to accelerate the shift toward cleaner cars, removing parallel‑import restrictions to boost the supply of affordable second‑hand EVs (as practiced in New Zealand), and reconsidering any road‑user charges on electric vehicles, which currently represent less than 2% of the total fleet. International examples offer guidance: China jump‑started its EV boom by issuing “green” licence plates and imposing hefty fees for fossil‑fuel plates, effectively raising the cost of owning a petrol car by up to $20,000. In sum, Australia’s delayed embrace of electric mobility not only hampers climate goals but also forfeits billions in economic gains. A decisive, well‑targeted policy overhaul could unlock significant consumer savings, reduce emissions, and align the nation with global EV trends.
#more #australia #cars
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World Economy Apr 14, 2026

United Airlines CEO's Proposed Merger with American Airlines Sparks Antitrust Concerns

United Airlines CEO Scott Kirby reportedly proposed a merger with American Airlines to US President…
United Airlines CEO Scott Kirby reportedly pitched a merger with American Airlines to US President Donald Trump in late February, according to sources. This potential deal would combine the world's two largest carriers by available capacity, significantly impacting the global air travel industry.The proposed merger would be the largest consolidation move in the airline industry in at least a decade, combining the 'big four' US carriers – United, American, Delta, and Southwest – into the 'big three'. Collectively, these airlines already control 74% of passenger capacity in the US market.Shares in United rose 3.9% and American climbed 9.3% during early trading in New York on Tuesday following the report. However, critics warn that the deal would likely face intense opposition from unions, rival airlines, lawmakers, and airports due to concerns around overlapping routes and job losses.Experts also caution that a merger would have a detrimental impact on passengers, leading to fewer choices, higher ticket prices, and more fees. Ganesh Sitaraman, director of the Vanderbilt Policy Accelerator, described the potential merger as 'an absolute disaster for the flying public'.William McGee, a senior fellow for aviation and travel at the American Economic Liberties Project, called the proposed deal 'undoubtedly the most absurd airline merger I've ever heard about'. He emphasized that a single US carrier controlling nearly 40% of the market would be unprecedented and harmful to consumers.Despite these concerns, some stakeholders, such as Capt. Dennis Tajer, spokesperson for the Allied Pilots Association, approached the report with an open mind, highlighting American Airlines' financial and operational challenges under current management.
#american #united #airlines
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Environment Apr 14, 2026

Summers Are Getting Longer, Especially in Sydney, Study Finds

A recent study published in Environmental Research Letters found that summers are getting longer, w…
A recent study has confirmed what many people can already feel: summers are getting longer, and the trend is particularly pronounced in Sydney. The research, published in the journal Environmental Research Letters, found that summer conditions are arriving earlier, lasting longer, and feeling more intense due to human-induced global heating.The study, conducted by PhD candidate Ted Scott from the University of British Columbia, analyzed data from 10 global cities and found that the length of summer is increasing on average by six days every decade. However, in Sydney, Australia, the summer period is growing at a rate of about 15 days every decade.In Minneapolis, Minnesota, the summer length is increasing by nine days every decade, while Toronto in Canada is adding a little over eight days to its summer every decade. Paris and Reykjavik are adding 7.2 days to their summer periods.The research also found that the shift from one season to another is becoming more abrupt, with summer-like conditions arriving more suddenly rather than gradually warming up. Sydney's summer period has grown from 65 days in the 1960s to 125-130 days in recent years, with the summer starting almost a full month earlier on November 27 and ending on March 28.The study's findings have significant implications for various aspects of life, including school terms, sporting seasons, and crop planting. The researchers emphasize that the trend is driven by human-induced global heating and that reducing fossil fuel usage is crucial to mitigating the effects of climate change.
#Sydney #University of British Columbia #Environmental Research Letters
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Sports Apr 13, 2026

Rory McIlroy Becomes Fourth Golfer to Defend Masters Title with 12‑Under Victory

Rory McIlroy clinched his second consecutive Masters crown, posting a 12‑under 276 to join Jack Nic…
Rory McIlroy secured his second straight Masters title on Sunday, finishing at 12‑under 276 and becoming only the fourth player in history to win Augusta National in back‑to‑back years.The Northern Irish star rallied from a three‑shot deficit on the front nine, carding a 71 (one under par) in the final round to edge out Scottie Scheffler by a single stroke."I can’t believe I waited 17 years to get one green jacket, and I get two in a row," McIlroy said in the Butler Cabin, emphasizing the perseverance that finally paid off.His victory marks a sixth major championship, tying Nick Faldo for the most majors by a European in the modern era and placing them both at 12th on the all‑time list.Trailing McIlroy were Cameron Young, Russell Henley, England’s Tyrrell Hatton and Justin Rose, each finishing one shot back at 10‑under.McIlroy began the final round tied for the 54‑hole lead at 11‑under, slipped to 9‑under after two early bogeys, then surged with birdies on holes 7, 8, 12 and 13 to build a two‑shot cushion heading into the iconic "Amen Corner."When the pressure mounted on the 18th, a well‑placed drive into the trees allowed him to reach a greenside bunker, set up a two‑putt bogey and preserve the lead, confirming his place among the Masters’ elite.Beyond the personal milestone, McIlroy’s back‑to‑back triumph underscores the rarity of defending the Masters—an achievement previously accomplished only by Jack Nicklaus, Nick Faldo and Tiger Woods—and highlights the growing prominence of European players on golf’s biggest stage.
#mcilroy #masters #back
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Politics Apr 13, 2026

Trump Media Withdraws Defamation Lawsuit Against The Guardian Over Russian‑Linked Funding Claims

Trump Media and Technology Group (TMTG) has dismissed its defamation case against The Guardian and …
Trump Media and Technology Group (TMTG), the parent company of the Truth Social platform, has formally withdrawn its defamation claim against The Guardian and two additional defendants. The suit had challenged a March 2023 Guardian report alleging that federal prosecutors were investigating $8 million in payments received by TMTG from entities with connections to Russian President Vladimir Putin. The dismissal was filed in the 12th Judicial Circuit Court in Sarasota County, Florida, on Friday. By withdrawing without prejudice, TMTG retains the option to re‑file the case at a future date. The Guardian’s original article said New York prosecutors opened a criminal inquiry into money wired to TMTG via the Caribbean by two parties that appeared to be partially controlled by an associate of a Putin ally. At the time, TMTG was preparing for a merger with Digital World Acquisition Corp (DWAC) that would have created a company valued at roughly $1.3 billion. Feeling vulnerable to accusations of receiving funds from a potentially hostile source, TMTG sued for libel, asserting that the Guardian’s statements were false and defamatory. In November, Judge Hunter W. Carroll dismissed the case against Guardian News and Media Ltd., Penske Media Corporation (owner of Variety), and former TMTG founder‑turned‑whistleblower Will Wilkerson, citing a failure to prove actual malice. Carroll, appointed by former Florida Governor Rick Scott, allowed TMTG to file an amended complaint, which the company did in January. A hearing was scheduled for the following Tuesday, but TMTG’s sudden withdrawal halted the proceedings. No reason was provided for the abrupt change. The Guardian has been contacted for comment. In April 2024, a lawyer for Trump sent The Guardian a letter calling its reporting “false” and a “hoax,” insisting that litigation would continue until the outlet retracted the story. Despite the legal tussle, there is no evidence that TMTG or its executives knowingly concealed the origin of the loans. No criminal charges have been brought against the company. Guardian News and Media responded, welcoming the voluntary dismissal and emphasizing that its reporting was based on meticulous fact‑checking, credible sources, and thorough documentation, while characterizing TMTG’s claims as meritless. The dismissal marks a rare retreat for Trump’s legal team, which has pursued an increasingly aggressive strategy against media outlets during his second presidential term, securing several high‑profile settlements with broadcasters such as ABC and CBS. Trump is currently pursuing a $15 billion defamation suit against The New York Times and a $10 billion claim against the BBC, alleging editorial manipulation of his speeches. Both cases have been described by the defendants as groundless and potentially chilling to press freedom. The Guardian’s investigation focused on two emergency loans TMTG received in December 2021 and February 2022, when the company faced a financial crisis after its merger with DWAC was delayed by SEC and FINRA investigations. Wire‑transfer records traced a $2 million payment through Paxum Bank, a Dominica‑registered institution, and a subsequent $6 million payment involving the ES Family Trust, whose trustee also served as a Paxum director. Federal prosecutors in the Southern District of New York examined Paxum Bank’s ownership, identifying a link to Anton Postolnikov, a relative of Aleksandr Smirnov, an associate of Putin.
#Trump Media and Technology Group #The Guardian #Russian-linked funding
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Technology Apr 13, 2026

Goldman Sachs and US Banks on High Alert Over Anthropic's AI Cybersecurity Risks

Goldman Sachs CEO David Solomon is 'hyper-aware' of the cybersecurity risks posed by Anthropic's My…
Goldman Sachs's chief executive, David Solomon, has expressed heightened awareness of the capabilities of Anthropic's Mythos AI model and is collaborating closely with the tech firm following warnings about the cybersecurity risk it poses.The US bank has been closely monitoring the rapid advancements in artificial intelligence, including large language models (LLMs), as part of broader efforts to protect itself from hackers.“Obviously the LLMs are making rapid progress and we’re hyper-aware of the enhanced capabilities of these new models with the help of the US government and the model publishers,” Solomon told analysts on an earnings call on Monday.Anthropic, the company behind the Claude family of AI tools, claimed last week that its latest model, Mythos, posed an unprecedented risk due to its ability to expose flaws in IT systems. The company warned that AI models have reached a level of coding capability where they can surpass all but the most skilled humans at finding and exploiting software vulnerabilities.Solomon emphasized that Goldman Sachs is working closely with Anthropic and all of its security vendors to harness frontier capabilities. “We are very focused on supplementing our cyber and infrastructure resilience. And this is part of our ongoing capabilities that we have been investing in, and are accelerating our investment in.”The news comes after the US Treasury secretary, Scott Bessent, summoned Solomon and other big American bankers to Washington to discuss the Mythos model last week. The meeting focused on heads of so-called systemically important banks, where regulators believe that a major disruption to their operations, or their potential collapse, would put financial stability at risk.On Monday, the UK government’s AI Security Institute (AISI) warned that Mythos was a “step up” over previous models in terms of the cyber threat it posed. AISI said Mythos could carry out attacks that required multiple actions and discover weaknesses in IT systems without human intervention.
#mythos #model #anthropic
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Sport Apr 13, 2026

McIlroy's Augusta Preparation Pays Off in Successful Masters Defence

Rory McIlroy credits his extensive preparation at Augusta National for his successful Masters defen…
Rory McIlroy has revealed that weeks of preparation at 'home course' Augusta National played a crucial role in his successful Masters defence. The Northern Irish golfer spent considerable time at Augusta in the lead-up to the Masters, rather than participating in PGA Tour events, despite struggling with a back injury.McIlroy's preparation involved simulating a tournament by playing with a single ball, a strategy inspired by advice from golf legend Jack Nicklaus. This approach allowed him to feel comfortable with the course and make informed decisions about his shots.After securing his sixth major win, McIlroy expressed his satisfaction with his preparation, stating, “I joked last week that this place feels like my home course”. He emphasized the importance of getting to know the course and being prepared for various situations.McIlroy's victory joins an exclusive group of golfers who have retained the Green Jacket, including Jack Nicklaus, Nick Faldo, and Tiger Woods. With this win, McIlroy believes he can focus on playing his game and increasing his chances of winning more majors.The article also mentions Scottie Scheffler's comments on the course conditions, particularly on Friday afternoon when McIlroy birdied six out of Augusta's closing seven holes. Scheffler suggested that the firmness of the course was not equal on Thursday and Friday, but acknowledged that the weather and wind conditions also played a role.
#mcilroy #play #course
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Sports Apr 13, 2026

Inter Milan on Brink of Serie A Title as Napoli's Hopes Fade

Inter Milan has taken a significant step towards securing the Serie A title after a 4-3 victory ove…
Inter Milan's manager, Christian Chivu, celebrated a hard-fought victory over Como, acknowledging the significance of the win but playing it coy when discussing the title race. Inter Milan now sits nine points clear of second-placed Napoli, who were held to a 1-1 draw by Parma. Scott McTominay scored for Napoli, highlighting his importance to the team with eight goals from midfield this season. Napoli's title defense looks increasingly unlikely to succeed, especially considering their investments in new players who have not made the desired impact. The team has struggled with injuries and inconsistent form, and their defensive record has deteriorated, conceding four more goals than in the previous season. The future of Napoli's star player, Romelu Lukaku, remains uncertain amid reports of tension between him and the club. Lukaku has played only 40 minutes of Serie A football this season and has been rehabbing in Belgium, sparking speculation about his potential departure. Inter Milan's ruthless performance against Como, with Marcus Thuram and Denzel Dumfries each scoring twice, underscores their strong position in the league. They have scored 75 goals in 32 games, significantly more than any other team in Serie A. The Serie A table shows Inter Milan at the top with 75 points, followed by Napoli with 66 points. The top five teams are: Inter Milan - 75 points Napoli - 66 points AC Milan - 63 points Juventus - 60 points Como - 58 points
#napoli #inter #more
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Culture Apr 13, 2026

Lake District Limestone Barn Earns Rare Grade II* Heritage Status After Four‑Year Restoration

A limestone barn known as Henry’s Castle in England’s Lake District has been granted the coveted Gr…
The Department for Culture, Media and Sport, acting on Historic England’s advice, has awarded Grade II* listed status to a limestone rubble barn on a grassy knoll in the Lake District, joining an elite roster that includes Battersea Power Station and the London Coliseum.Dubbed “Henry’s Castle,” the structure was most recently used as a shelter for livestock, but research suggests it may date back to the 14th century and originally served a high‑status function that remains unknown.Only 5.8% of England’s listed buildings achieve the Grade II* level, indicating they possess “more than special interest.” The barn’s unusual features – a corbelled chimney stack, a stepped garderobe, and a plastered interior showing signs of fire – set it apart from ordinary field barns.Historic England’s listing team leader, Sarah Charlesworth, described the building as “one of those rare structures that raises more questions than it answers,” underscoring its intrigue for scholars and visitors alike.Lake District National Park’s built‑environment adviser, Rose Lord, recalled her 2022 visit, noting that despite layers of animal manure the barn’s architecture hinted at something “very special” – a construction far beyond typical agricultural outbuildings.Four years of meticulous work by archaeologists, architects, and conservation engineers have restored the barn’s most striking element: an oak roof featuring a hand‑finished, chamfered and pegged central truss, a technique associated with high‑quality carpentry of the 14th or 15th centuries.Experts speculate on the barn’s original purpose, ranging from a defensive lookout or hunting lodge to a luxurious summer house. Historic England notes similarities to bastles – fortified farmhouses common along the Anglo‑Scottish border – though the building’s location south of the border makes a strict classification unlikely.Originally converted to domestic use in the 16th or 17th century and later repurposed as a field barn by the 19th century, the structure takes its name from former owner farmer Henry Willison.Lord called the new listing the “cherry on the cake” for the restoration project, highlighting that most buildings of comparable significance have already been recorded in earlier surveys. Interpretation panels and an owl‑nesting box are slated for installation in the coming weeks, adding educational and ecological value to the site.
#barn #england #henry
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