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Rescuers have pulled four more men from a flooded cave in central Laos, raising the number of survivors to five, while two remain unaccounted for deep within the water‑filled passages. Rescue Operation Frees Four Additional Villagers The four were extracted on Saturday, a day after the first survivor was brought out. Rescue divers reported the water level had dropped enough for the men to walk and swim out alongside the team. Images show the rescued men on stretchers, covered in mud, wearing oxygen masks and foil blankets. Numbers Highlight the Scale of the Crisis Total trapped: seven villagers searching for gold. Rescued so far: five (one on Friday, four on Saturday). Missing: two still deep inside the flooded passages. Rescue timeline: group entered the cave around May 19‑20; flash flooding occurred shortly after. Implications for Rural Gold‑Seeking Practices in Laos Local officials note that residents of the remote, mountainous province of Xaisomboun often forage for a living and enter caves in search of gold despite repeated safety warnings. The incident highlights the heightened risk of flash‑flood events in monsoon‑affected karst regions and the need for stronger community outreach on hazardous mining practices. Outlook for the Ongoing Search and Regional Safety Measures Rescue teams are preparing to push 20‑25 metres beyond the location where the survivors were found to locate the two missing men, a section that remains heavily flooded. Continued coordination between Lao and Thai rescue groups will be critical, and the episode may prompt authorities to reassess monitoring of informal mining activities and improve early‑warning systems for sudden rain‑induced flooding.

The Lead This week at TechCrunch’s StrictlyVC event in Athens, I sat down with three top VCs to discuss the current state of venture investing, the wave of mega-IPOs, and where they see opportunities in AI. VC Insights on AI and Mega-IPOs The conversation featured Niko Bonatsos of Verdict Capital, Andreas Stavropoulos of Threshold Ventures, and Ben Blume of Atomico. They discussed the potential impact of SpaceX's reported $1.75 trillion valuation at IPO, as well as the opportunities and challenges in the AI space. The Data Analysis SpaceX's potential $1.75 trillion valuation at IPO OpenAI and Anthropic potentially not far behind in terms of valuation Three-quarters of all venture capital raised over the last year went into five companies $500 million fund looking at the same opportunities as people investing from a $10 billion or $15 billion fund The Impact Analysis The VCs discussed how the current flood of capital into AI may be justified by future earnings, but also acknowledged the risk of extreme FOMO (fear of missing out). They also touched on the challenges of pricing deals when things are moving fast and the importance of looking beyond age as a proxy for entrepreneurial potential. The Prediction The VCs see opportunities in areas such as consumer fintech, AI interacting with the physical world, and robotics. They predict that the next generation of companies will be able to go after much larger markets and that immigrant founders will continue to play a significant role in driving innovation.

The Threat to Solar Energy Projects The US farm bill, passed by the House, includes a provision that could restrict federal funding for solar energy projects on prime farmland. This move has raised concerns among farmers, environmental groups, and solar industry advocates, who argue that it could hinder farmers' ability to access affordable energy and undermine efforts to promote renewable energy. The Impact on Farmers Farmers like George Hunt, who installed solar panels on his cow barn in Massachusetts, have benefited greatly from solar energy. Hunt received a grant from the Rural Energy for America Program (Reap) to cover a third of the cost, and he was able to pay off the loan with a solar energy credit from the state. However, with the new provision, farmers like Hunt may find it harder to access government help for solar projects. The Data Analysis The solar provision in the farm bill could have significant financial implications for farmers. For example, a study by the Solar Energy Industries Association (SEIA) found that local governments are increasingly restricting solar development on farmland. Additionally, the provision could lead to a de facto ban on solar panels made or assembled in countries like China, which accounts for about 80% of solar panel production. The Impact Analysis The farm bill's solar provision has sparked concerns about the impact on rural communities and the environment. Critics argue that the provision is misdirected and could undermine efforts to promote renewable energy and reduce greenhouse gas emissions. The provision could also lead to a loss of farmland and a negative impact on local economies. The Prediction The future of the farm bill and its solar provision is uncertain. The Senate is expected to mark up its own bill in June, and advocates are pushing for changes to the provision. If the provision remains, it could have significant implications for the solar industry and farmers' ability to access affordable energy.

The Failed Dealmaker: Trump's Iran Dilemma For weeks, Donald Trump has tried to find a way to end the war he started with Iran – a deal that would allow him to declare victory and move past the conflict before it causes severe damage to the global economy and sinks Republican chances in the US midterm elections. But the self-proclaimed master dealmaker can't seem to stop sabotaging his own negotiations or to acknowledge that Iran is now in a better position to demand concessions than it was before the war. Strategic Missteps: From Military Action to Negotiation Deadlock Over the Memorial Day holiday, Trump skipped his eldest son's wedding in the Bahamas and canceled plans to spend the weekend at his New Jersey golf club. The last-minute changes heightened speculation that Trump was ready to unveil a deal to end the war. Trump then announced that he would hold a cabinet meeting at Camp David, the presidential compound in Maryland that has been the site of historic diplomatic summits. But that meeting was moved back to the White House, as it became clear that Trump had not been able to close a deal he could announce with great fanfare. The Art of the Deal: Trump's Negotiation Paradox Why has an agreement eluded the business titan who wrote the bestselling 1987 book The Art of the Deal? Trump admires strongman leaders and is loth to project any sign of weakness – and he's afraid of reaching a deal with Iran that makes him look weak. The president is also sensitive to criticism that any agreement he negotiates will be worse for the US than the 2015 nuclear deal between Iran and six world powers, which was brokered by Barack Obama's administration. Leverage Reversed: How Iran Gained the Upper Hand Trump's main problem is that Iran has more leverage than he does – and Iranian leaders are well aware of that advantage. On 28 February, Trump launched a joint US-Israeli war against Iran, killing the supreme leader, Ayatollah Ali Khamenei, and other top military and political officials. But Iran retaliated with missile and drone strikes against US military bases across the Middle East, and it targeted the energy infrastructure of its Gulf neighbors. Iran also deployed its most effective economic weapon: it closed the strait of Hormuz, through which more than a fifth of the world's oil supply passed each day. Economic Fallout: Global Disruption and Rising Oil Prices The closure of the Strait of Hormuz – along with Iranian attacks on pipelines and gas fields in Kuwait, Saudi Arabia, Qatar and the United Arab Emirates – disrupted the global economy and increased oil prices. In the US, average gas prices have jumped by 50%, up to nearly $4.50 per gallon, since Trump launched the war. Trump and his ally, the Israeli prime minister, Benjamin Netanyahu, could not topple the Islamic regime that rose to power after Iran's 1979 revolution. Instead, they ended up strengthening it – by allowing Tehran to deploy its geographic control of the strait of Hormuz into a weapon that could instigate a global energy crisis and a worldwide recession. The Emerging Deal: Limited Concessions and Unresolved Issues The emerging deal is focused on solving a problem that didn't exist before Trump started this war: fully reopening the strait of Hormuz to commercial shipping so that oil prices can stabilize. Under a draft agreement being circulated to US allies, Washington would also lift its blockade of Iranian ports and allow Tehran to access about $12bn in frozen assets. Once again, Trump seems to be aiming for a limited deal with Iran that defers the most difficult questions to future talks, which could drag out for months or even years. Iran's Resilience: Military Strength Preserved In some ways, Iran has emerged stronger after a war intended to decimate its military capabilities. A CIA report sent to Trump earlier this month found that Tehran had managed to retain a significant part of its missile capabilities. The analysis said Iran preserved about 70% of its prewar stockpile of missiles and about 75% of its mobile launchers. The report also concluded that Iran was more resilient than US officials had claimed, and it could survive a naval blockade for months. Political Calculations: Midterm Elections and Trump's Dilemma At his cabinet meeting, Trump said he didn't care about the midterm elections and wasn't in a rush to reach a deal. "It's got to be perfect," Trump told reporters, adding: "I didn't do this to get a crummy agreement." Despite his weak position, Trump insists that he will strike a better deal with Iran than the one negotiated by the Obama administration in 2015. That agreement provided Tehran with relief from international sanctions in exchange for limits on its nuclear enrichment. The Unintended Consequences: Strengthening the Adversary Trump could have avoided starting a regime-change war that failed, leaving the world to deal with its consequences. Instead, the master negotiator handed Iran a new economic weapon – and more leverage to extract a favorable deal. The worst thing you can possibly do in a deal is seem desperate to make it. That makes the other guy smell blood, and then you're dead. Trump wrote in his famous book. The best thing you can do is deal from strength, and leverage is the biggest strength you can have.

Opening the Pig & Swill: A Community‑Driven Taphouse in CardiffOn a hot Thursday evening in Canton, Cardiff, locals streamed between the bar and garden of the newly launched Pig & Swill. Co‑founders Lewis Dwyer and Andy Aston reported an immediate surge of customers, crediting the neighbourhood’s appetite for a quality night‑cap spot.Numbers Behind the National Pub Decline and Welsh Counter‑Trend161 pubs closed in the UK during Q1 2026 – roughly two per day.Closures were 26% higher than the same period in 2025.The shutdowns represent the loss of about 2,400 jobs, according to the British Beer and Pub Association (BBPA).In contrast, Wales saw three new pubs open, including the Pig & Swill, Vicino (Cardiff) and The Nelson (Rhyl).The Pig & Swill’s Kickstarter campaign raised £29,000 for the refit.Why Wales Is Holding Its Own Amid Economic HeadwindsIndustry observers note that Welsh hospitality still faces pressure, with more restaurant and hotel closures than openings. However, strong local patronage, the proximity to the popular Michelin‑listed restaurant Hiraeth, and a cultural love for the “sesh” are helping new venues thrive. David Chapman, executive director of UK Hospitality Cymru, stresses that supportive policies – such as reforming business rates – are crucial for sustaining this momentum.Looking Ahead: Policy, Community Support, and the Future of Welsh PubsWith the new Welsh government signalling a commitment to hospitality in its manifesto, the next steps will determine whether the current optimism can scale. Continued community funding, eased cost pressures, and targeted government action could turn Wales into a blueprint for reversing the broader UK pub‑closure trend.

Rising rates of youth unemployment have created a split at the top of government over how fast it should meet its promise to give young people the full minimum wage.The Manifesto Promise vs. The Reality CheckPeter Kyle, the business secretary, is understood to believe now is not the time to give 18- to 20-year-olds the full minimum wage, which Labour promised to do in its manifesto. Others believe there is little evidence to show that recent pay rises for low-paid workers have had any effect on unemployment.Torsten Bell, a Treasury minister, told the BBC on Friday morning: “If you look at what the Low Pay Commission said in their annual report, they didn’t find evidence that previous increases in the minimum wage for young people had had an effect on their employment.”The £125bn Cost of InactionThe splits have emerged following a landmark government-backed report this week by the former Labour minister Alan Milburn, who found that youth unemployment was costing Britain more than £125bn a year. Milburn’s report revealed the number of young people not working or studying had surpassed a million for the first time in more than a decade, prompting calls to reduce the pace of youth minimum wage increases.Current Youth Rate: £10.85 (up 8.5% this year)Main Minimum Wage: £12.71 (up 4.1% this year)NEETs (Not in Education, Employment, or Training): Over 1 millionThe Hospitality Sector DilemmaMilburn himself told the News Agents podcast this week: “To get the jobs there for them, you’ve got to make sure the employers are willing to take the risk. If you’re in, say, the hospitality sector or the retail sector, margins tend to be very low. These tend to be sectors that were really badly hit by the cost of living, hospitality in particular.”Tony Blair, the former prime minister, warned in an essay this week that policies such as increasing the minimum wage – which he brought in – had created “headwinds, not tailwinds, for businesses.”The October Low Pay Commission VerdictLabour promised in its manifesto to equalise the rates of the minimum wage for 18- to 20-year-olds with those of workers who are 21 and over but did not say how quickly this would be achieved. Bell said on Friday: “We’re committed to our manifesto that we stood on and we will deliver it. But that manifesto did not set out the timeline.”While he and others in the government believe they should slow down the pace of rises in youth rates of the national minimum wage if there is evidence that it has an impact on employment, they do not yet believe that evidence exists.The commission will tell the government in October what it is recommending for the financial year starting on 1 April 2027; some in government privately hope it will give a recommendation significantly lower than this year’s. Earlier this year ministers even changed their guidance to the LPC to reflect the concerns in government over unemployment among young people, telling it to prioritise employment rates instead.

The Dartford Warbler's Comeback More than half a century after the Dartford warbler almost vanished from the English countryside, the charismatic heathland bird appears to be staging a comeback. A survey has revealed the highest number of Dartford warblers ever recorded on reserves run by the bird conservation charity RSPB, with 264 pairs counted in 2025, a 44% increase in five years. Habitat and Characteristics Dartford warblers are small birds that may be glimpsed perched on top of gorse singing a scratchy song, and are found on lowland heathland in southern England. They are grey-brown, with a distinctive red eye ring, russet breast and long tail. They are particularly sensitive to harsh winter weather and, as a ground-nesting species, rely on dense gorse in areas of mature heathland for food and shelter. Conservation Efforts The RSPB says their comeback is thanks in part to conservation efforts by nature reserve staff and volunteers to restore the birds' heathland habitat. A heathland birds survey puts the UK population at approximately 4,100. Lowland heathland is one of the most threatened habitats in the UK, with 80% lost since the 1800s owing to forestry and change of land use. Impact of Conservation To help counter this, RSPB staff and volunteers have been restoring the habitat on nature reserves by removing conifer plantations, reverting arable land to heath, and joining up areas of fragmented heathland, providing Dartford warblers with the dense gorse they need. Spiky gorse provides a safe nesting place and hunting ground for the warblers, which specialise in picking spiders and caterpillars from their hiding places. Future Outlook Dartford warblers were recorded at 14 RSPB nature reserves, including 97 pairs at RSPB Arne, in Dorset. The sound of Dartford warblers singing is everywhere now, according to Peter Robertson, the reserve's senior site manager. This resurgence offers hope for the long-term survival of the species and highlights the importance of continued conservation efforts.

The Lead: Arsenal's European QuestSince Arsenal's euphoric Premier League win last week, north London has been in a state of celebration. Now, with the Gunners poised to play in the Uefa Champions League final in Budapest, Gooner fever is spreading across the continent. Arsenal fans are embarking on extraordinary journeys to witness their team's first Champions League final appearance in 20 years, demonstrating the remarkable dedication of the club's supporters.The Travel Challenge: Trains, Planes and AutomobilesWith all 13 of Wizz Air's Budapest-bound flights from London sold out by Friday, and the last available ticket priced at £407 one way according to Skyscanner, Arsenal fans have become creative travelers. Darren Cornish, a 53-year-old IT manager from Hemel Hampstead, exemplifies this resourcefulness: "We'll get there by train, plane and automobiles," he said. After securing return flights to Linz, Austria for £150, he plans to take a three and a half hour train to Budapest on Saturday morning.Many fans are taking indirect routes through Vienna, Bratislava, Rome, and other European cities to avoid the exorbitant flight prices. Ben Boxhall and two friends from Essex flew to Kraków instead, paying £170 for return flights, then plan to catch a 5am bus to Budapest, arriving around midday. They haven't booked a hotel, intending to join thousands of fans at the Uefa meeting point before pulling an all-nighter and catching the first bus back.The Fan Experience: Generations of CelebrationThe journey to Budapest represents different things to different generations of Arsenal supporters. For younger fans like Ben Boxhall, 23, this is their first Premier League victory they can remember: "We were 18 months old when they won the league in 2004. This is the first one that we remember and celebrating with our parents and friends."Older fans like Neil Roberts, who has attended matches for 25 years, appreciate the rarity of this moment: "When you haven't had success for so long, when it does come around it's magical." This generational divide creates a unique atmosphere where older fans savor the moment while younger fans experience the thrill of success for the first time.The Financial Impact: Cost of Champions League GloryThe financial commitment from Arsenal supporters is substantial. While some fans found relatively affordable options like Cornish's £150 return flights to Austria, others are paying significantly more. Ollie Laurence, 23, knows "people who are paying north of a grand" on flights to get to Budapest. Ticket prices for the final itself are equally staggering, with some tickets reportedly available for around £2,500.This financial investment reflects the high stakes and emotional value of the occasion. For many fans, the cost is secondary to the opportunity to witness history, especially after a 20-year absence from the Champions League final.The Historical Context: A Free Hit at GloryArsenal's return to the Champions League final after two decades has created a unique psychological dynamic among supporters. With the Premier League title already secured, many fans view the final as a "free hit," as Darren Cornish explains: "This game is a free hit. If we lose, we've still got the premiership. If we win, it'll be the best thing ever. There's no pressure on these boys."This perspective contrasts with previous finals where the weight of expectation might have been heavier. The combination of already achieved success and the potential for a historic double has created an atmosphere of celebration rather than anxiety, allowing both players and fans to enjoy the occasion without the usual pressure of a must-win situation.

A Lifelong Love Story Born in Apartheid South AfricaIn the white-and-black world of apartheid South Africa, where television was banned as communist propaganda, a small boy fell in love with Arsenal FC. This 65-year-old fan's devotion began in 1969 when he watched the Gunners lose to Swindon Town in a cinema newsreel, starting a 57-year journey that will culminate in the Champions League final in Budapest with his 25-year-old son.The Origins of an Unlikely Football RomanceIt was April 1969, at the author's eighth birthday party, where he first encountered Arsenal through a Pathé News bulletin showing the League Cup final between Arsenal and Swindon. Despite Arsenal losing 3-1 to Third Division Swindon, the young boy was smitten with the "mighty red machine." This initial encounter, despite the defeat, set the foundation for a lifelong allegiance that would span decades and continents.A Double Triumph That Cemented the BondThe author's adoration for Arsenal transformed into true devotion when the club won the league and FA Cup Double in May 1971. Another trip to the movies in downtown Johannesburg showed footage of Charlie George scoring the winning goal against Liverpool at Wembley. The image of the long-haired player spreadeagled on his back, arms stretched out in disbelief on the sun-kissed Wembley turf, entranced the young fan and his friends, who would later emulate the celebration in their suburban gardens.Navigating Football Fandom Under ApartheidLiving in apartheid South Africa, the author faced unique challenges in following his beloved Arsenal. With no live broadcasts and television banned, he relied on delayed news sources:Sunday morning runs to the corner shop to check English football resultsSecond-half commentaries on BBC World Service, with Peter Jones painting vivid pictures with wordsCopies of Shoot! magazine arriving six weeks late, providing detailed analysis and photographsFrom Cinema Screens to Champions League FinalWhen television finally arrived in South Africa in 1978, the author could watch Arsenal matches for the first time. Three successive FA Cup finals at Wembley - including a glorious 3-2 win over Manchester United sandwiched between defeats - solidified his connection to the club. Now, after 57 years of supporting Arsenal from afar, the author and his son will attend the Champions League final in Budapest, representing the culmination of an extraordinary transcontinental football journey.Football as a Refuge and ConnectionFor the author, Arsenal provided more than just entertainment - it was a connection to a world beyond apartheid's constraints. During his time teaching in Soweto in the 1980s, he witnessed how football offered relief from the oppressive regime for his students, some of whom had been tortured by security police. One student, Lucas Radebe, would later become captain of Leeds United as they reached the Champions League semi-finals, demonstrating how football could transcend geographical and political boundaries.A Legacy Passing Through GenerationsThe author's passion for Arsenal has now extended to his 25-year-old son, who shares his devotion to the Gunners. Their joint attendance at the Champions League final represents not just a culmination of the author's 57-year fandom, but also the continuation of a football legacy that has spanned generations and continents. This shared experience in Budapest symbolizes how football passion can bridge generational gaps and create lasting family bonds.