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Sports May 13, 2026

EFL Clubs Set to Vote on New Squad Cost Ratio Rules, Widening Financial Gap Between Championship and League One

EFL clubs will vote on Friday to replace the current profitability and sustainability rules with a …
The Upcoming Vote on Squad Cost Ratio in the ChampionshipEFL Championship clubs are set to vote on a proposal that would align their financial framework with the Premier League from next season. The plan replaces the existing profitability and sustainability (P&S) rules with a squad cost ratio (SCR) system that caps player‑related spending at 85% of football revenue. An annual equity injection of roughly £10m would be allowed to count as revenue, expanding clubs’ spending capacity.Financial Numbers Behind the Proposed ChangesCurrent P&S loss limit in the Championship: £39m over a three‑year period.Proposed SCR cap: 85% of football revenue.Equity injection counted as revenue: about £10m per year.Average League One owner investment this season: £9.6m (up from £2.6m four years ago).League One salary‑cost management protocol (SCMP) would fall from 60% to 50% of turnover.Potential Shift in Competitive Balance Across the EFLThe divergent reforms would likely widen the financial gap between the Championship and League One. Championship clubs would gain greater freedom to invest in squads to chase promotion, while League One clubs would be forced to tighten budgets, potentially boosting the medium‑term value of their assets and attracting external buyers.What the Vote Outcome Could Mean for English FootballBoth proposals require at least 16 of the 24 clubs in each division to vote in favour. Sources suggest the votes could be tight, reflecting differing views on financial regulation. If adopted, the Championship would move in step with the Premier League’s SCR, while League One would operate under a stricter SCMP, reshaping spending dynamics and possibly influencing promotion‑relegation battles in the coming seasons.
#EFL #Championship #League One
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Politics May 13, 2026

Ramaphosa Faces Impeachment Threat Over Farmgate Cash‑in‑Sofa Scandal

South Africa’s President Cyril Ramaphosa has refused to resign after a Constitutional Court ruling …
The President’s Defiant Stand Amid Growing Impeachment PressureIn a televised address on Monday, 13 May 2026, President Cyril Ramaphosa declared he will remain in office despite renewed calls for his resignation following a court decision that sent the “Farmgate” scandal back to Parliament. Details of the Farmgate Cash‑in‑Sofa AllegationsThe controversy stems from a 2020 burglary at Ramaphosa’s Phala Phala game farm in Limpopo, where thieves allegedly stole more than $580,000 and concealed the cash inside a sofa. Accusations include: Cover‑up of the theft and failure to report it to police as required by anti‑corruption law. Possible money‑laundering linked to the origin of the foreign currency. Earlier parliamentary panel findings that the president “may have committed” serious violations. The Economic Freedom Fighters (EFF) challenged the ANC‑led Parliament’s 2022 decision to reject the panel’s report, prompting the Constitutional Court to refer the matter to a multi‑party impeachment committee. Parliamentary Numbers and the Impeachment ThresholdSouth Africa’s National Assembly comprises 400 seats. To remove a president under Section 89 of the constitution, a two‑thirds majority—at least 267 votes—is required. Current party composition: African National Congress (ANC): 159 seats (≈40 % of the chamber). Democratic Alliance (DA): 87 seats. Various smaller parties and coalition partners hold the remaining seats. Analyst Chris Ogunmodede notes that the arithmetic makes impeachment “highly unlikely” unless coalition partners withdraw support. Political Fallout and Coalition DynamicsThe scandal threatens the ANC’s already declining popularity—its national vote share fell from 57.5 % in 2019 to 40.2 % in 2024, its worst performance since apartheid. While the ANC governs in a coalition with the DA and smaller parties, the EFF’s court victory has intensified pressure on Ramaphosa to either resign or face a protracted parliamentary inquiry. Beyond impeachment, the opposition can pursue a no‑confidence motion, which requires only a simple majority. However, the ANC’s coalition still controls enough seats to block such a motion unless internal dissent grows. Outlook: Can Ramaphosa Weather the Storm?Short‑term, the impeachment committee’s investigation could take several months, and Ramaphosa has pledged to seek judicial review of any adverse findings, potentially delaying outcomes further. Long‑term, the president’s survival hinges on maintaining coalition cohesion and navigating public discontent over corruption. If the ANC’s internal arithmetic holds, Ramaphosa is likely to stay in power, but the “Farmgate” scandal may accelerate calls for leadership change within the party and erode its credibility ahead of the next election cycle.
#Cyril Ramaphova #Economic Freedom Fighters #African National Congress
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Business May 13, 2026

Intertek backs EQT’s £10.6bn takeover bid

Intertek’s board has signaled it will recommend a £10.6 bn offer from Swedish private‑equity firm E…
Laboratory testing group Intertek has signaled its intention to recommend a £10.6 bn takeover offer from Swedish private‑equity firm EQT, valuing the business at £60 a share.Intertek backs EQT’s £10.6bn buyout proposalThe board, after rejecting three earlier approaches, said it is “minded to recommend” the latest bid, pending a firm offer. The proposal comes from EQT, a firm owned by Sweden’s billionaire Wallenberg family.Valuation and share‑price reaction to the £10.6bn offerThe deal totals £10.6bn including debt (or £9.4bn net). Earlier bids were priced at £58, £54 and £51 per share. On announcement, Intertek shares rose almost 7% to £56.65.Strategic implications for the FTSE 100 and testing sectorIntertek joins a wave of FTSE 100 takeovers this year, alongside Beazley and Schroders. With 45,000 employees and over 1,000 labs, the company is evaluating a possible split of its energy‑infrastructure division (£1.6bn revenue) from its product‑testing arm (£1.9bn revenue). The Wallenberg‑backed EQT brings a philosophy of “more than capital” to the deal.Outlook: What EQT’s acquisition could mean for Intertek’s futureIf shareholders approve, EQT may pursue operational synergies and possibly a demerger of the energy segment. Activist investor pressure, exemplified by Matt Peltz of Lost Coast Collective, suggests the market expects a higher valuation, but the agreed price could set a benchmark for future private‑equity activity in the testing industry.
#Intertek #EQT #Wallenberg family
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Politics May 13, 2026

Maldives jails two journalists for reporting on president's alleged affair

Two journalists in the Maldives have been jailed for reporting on an alleged affair involving Presi…
The Lead Two journalists in the Maldives have been jailed for reporting on an alleged affair involving President Mohamed Muizzu. The journalists, Mohamed Shahzan and Leevan Ali Nasir, were sentenced to 15 and 10 days in jail respectively for violating a gag order. The Event Details The case centres on a documentary titled Aisha, which was released on Adhadhu's social media accounts on March 28. It featured an anonymised interview with a woman who claimed to have had a sexual relationship with Muizzu, 47, a married father of three. Muizzu has dismissed the allegations as 'baseless lies'. The documentary was released days before a constitutional referendum that delivered a stinging midterm rebuke to Muizzu, with 69 percent of voters rejecting a government proposal on April 4 to align the presidential and parliamentary election cycles. The Data Analysis The journalists, who work for the news website Adhadhu, were sentenced by the criminal court in the Maldivian capital, Male, on Tuesday. Shahzan received 15 days in jail and Nasir 10 days. The Impact Analysis The case has intensified concerns about democracy and media freedom in the Maldives, a Sunni Muslim nation whose luxury resorts attract tourists from around the world. Parliament passed a media law in September giving a commission stacked with government loyalists powers to fine, suspend and shut down outlets while Muizzu's allies overhauled the Supreme Court last year, removing three judges in moves the former judges said were politically motivated. The Prediction News media freedom groups, opposition leaders and legal experts have disagreed with the government's actions, calling for the release of the journalists and an end to judicial harassment of their news outlet. The Maldives Journalists Association called the sentences 'unprecedented in the Maldives's democratic history' and argued that the court's gag order failed the constitutional tests of legality, necessity and proportionality.
#Maldives #Mohamed Muizzu #Adhadhu
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Entertainment May 13, 2026

Carla Simón: Filmmaking Through Family, Loss and the Legacy of Aids

Spanish filmmaker Carla Simón discusses her approach to creating deeply personal films that explore…
The Lead: Carla Simón's Unique Approach to Family DramaFamily reunions in European arthouse cinema are almost always unhappy events, on a scale of strife that ranges from simmering resentment to spectacular score-settling. Carla Simón, however, has a rare gift: she makes you leave the cinema with renewed faith that having relatives and keeping in touch with them may actually be a wonderful thing.No film-maker working in Europe now is as capable of turning birthday gatherings, garden parties or poolside barbecues into thrillingly sprawling canvases of human virtue and vice as this 39-year-old rising star. From a riotous water fight in the Berlinale Golden Bear-winning farming drama Alcarràs to a foul-mouthed dinner table singalong in her new film Romería, Simón directs kinship meetings with the attention to detail that other film-makers may invest in action sequences or dance routines.The Event Details: Romería and the Journey to Self-DiscoveryAmong the tricks Simón employs, she explains, is to ensure her actors only read the script once before the camera starts rolling, so they have to improvise to fill the gaps. She takes her casts to parties, for walks and on shopping trips, and if there are disagreements on the way, so much the better. The ultimate secret sauce, though, is to ignore WC Fields's notorious advice and always work with children and animals."I never get bored of working with kids," she says. "When you are only working with adult actors, shooting becomes more like executing an idea that you have in your mind, and I think that is not interesting. With children, you always have this feeling that that things are going to happen in front of the camera by chance. It keeps things alive."Her new film Romería, meaning "pilgrimage" in Spanish, dives deeper into the story of the biological parents she barely got to know. Eighteen-year-old Marina travels to her relatives in Vigo, in north-western Galicia, purportedly to find the death certificate of her biological father, which she needs to study film-making in Barcelona. The initial reaction is warm, but family is a room with dark corners and locked closets.The Personal Journey: Aids, Loss and Family SecretsSimón's fascination with freewheeling scenes of family life was undoubtedly honed through her own biography. Born in Barcelona in 1986, her father died when she was three and her mother when she was six. Both of them succumbed to Aids. She was 12 when her adoptive mother told her that her parents had been infected with the autoimmune disease through their use of drugs.All of her first three films have been strongly autobiographical: Summer 1993 tells the story of a six-year-old girl who moves to an unspecified location countryside to live with her aunt after the death of her mother, while 2022's Alcarràs is specifically set in the Catalan peach-growing community of her adoptive family.In the film, a cache of letters written by her late mother opens up a portal to the time when her parents met and discovered love – for each other, the Atlantic Ocean and drugs. The letters, Simón explains, are real. "She wrote to her friends and family while she lived in Vigo. Her Catalan is full of mistakes, because teaching Catalan was banned under the Franco regime. But they are the most important thing that I have from my mother, because suddenly I can hear her talking."The Impact Analysis: Spanish Cinema and the Legacy of AidsSpanish cinema has a track record in making films where child actors take centre stage: Ana Torrent's spell-binding turn as a young girl obsessed with the Frankenstein tale in Víctor Erice's 1973 film The Spirit of the Beehive is considered an all-time great performance by a minor, and Simón describes it as "a very, very important film for me".During the transition period after Franco's rule, Madrid gave birth to la movida, a countercultural movement that celebrated lifestyles that had been banned under military rule. "All these kids who were raised under Franco and religious oppression, suddenly freedom arrived and they embraced it", Simón says. "They didn't think much about the future or the consequences of what they were experimenting with. And then the drugs came in."When we talk about this generation in Spain, people sometimes use words like shame and blame, but I feel that's really unfair: people like my parents just had bad luck.The Future Direction: Beyond Family in Simón's Next ProjectHalfway through Romería there is a stylistic shift, from the Eurorealism she favoured in her previous works toward something more magical-realist: there is a mysterious cat you might expect to encounter in a Miyazaki film, and an unforgettable dance number set to Vigo punk rocker's Siniestro Total's song Bailaré Sobre Tu Tumba ("I'll Dance on Your Grave")."These three films I've made are kind of a cycle, because they all talk about my family, adoptive and biological. But since I became a mother a few years ago, I feel that my place in the family changed. When you have kids you feel it's a new period in your life, so I feel like maybe doing something that has nothing to do with my family."Her next film, she confides, is going to be a flamenco musical.
#Carla Simón #Romería #Spanish cinema
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Business May 13, 2026

The High-Stakes Gamble: Jho Low's Bid for Pardon in the 1MDB Fallout

Fugitive financier Jho Low has reportedly filed a request for a pardon from Donald Trump to clear U…
The 1MDB Fallout: Jho Low's Bid for Presidential PardonThe fugitive Malaysian financier Jho Low, a central figure in the multibillion-dollar scandal at the state fund 1Malaysia Development Berhad (1MDB), is reportedly seeking a pardon from the US president, Donald Trump. This move comes as Low faces multiple charges including corruption and money laundering in both the US and Malaysia for his alleged role in the misappropriation of at least $4.5bn (£3.3bn) from the sovereign wealth fund.Legal Maneuvers and the White House StanceRequest Filed: Low recently filed a request for a pardon that, if granted, would remove US criminal charges against him, according to the Wall Street Journal citing people familiar with the matter.Current Status: A White House official stated that Low’s request is not currently on its radar.DOJ Record: The US Justice Department website lists a pending request for a “pardon after completion of sentence” under Taek Jho Low that was filed this year.Quantifying the Financial Damage and RecoveriesThe 1MDB scandal is considered one of the world’s biggest financial frauds, with billions plundered from the now defunct fund beginning in 2015. Despite the massive scale of the theft, some assets have been recovered through legal settlements.Recovery Amount: In 2019, the US struck a deal to recoup about $1bn from Low.Assets Seized: The fugitive agreed to give up a private jet and high-end real estate in Beverly Hills, New York, and London.Geopolitical Tensions and Asset Recovery StrategiesThe request for a pardon has sparked a diplomatic tug-of-war between the US and Malaysia. While the US has a pending pardon request, Malaysian authorities are pushing for Low's location to facilitate further investigations.Malaysian Opposition: Johari Abdul Ghani, the chair of a Malaysian taskforce seeking to recover funds, stated, “As far as I’m concerned, I’m against the pardon” and called for the US to assist in locating him.Asset Return Strategy: Malaysia temporarily lifted an Interpol red notice against Low to facilitate the return of significant assets to the country.Political Negotiations: Malaysian Prime Minister Anwar Ibrahim has indicated that the government is negotiating with other nations to speed up Low’s return, though he declined to name the specific countries involved.Future Outlook: The Odds of a Presidential ClemencyGiven the severity of the charges and the ongoing diplomatic friction, the likelihood of a pardon is currently low. With Malaysian officials publicly opposing the move and the White House indicating the request is not a priority, Low’s bid for freedom remains a complex legal and political challenge.
#Jho Low #Donald Trump #1MDB
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Entertainment May 13, 2026

Northern Soul: Still Burning - A Thumping Celebration of Underground Club Culture

Alan Byron's documentary 'Northern Soul: Still Burning' celebrates the legendary underground club s…
The Cultural Phenomenon of Northern SoulAlan Byron's film is an absorbing docu-celebration of the northern soul scene that flourished from the late 1960s to the end of the 1970s. It was a fascinating, vernacular youth movement and a kind of regional open secret: a club culture, a zine culture, a music-and-fashion culture which uncynically invented and sustained itself without the need for any svengali figure from London to keep the show on the road. Northern soul fans were passionate about thumpingly sensual mid-60s American soul, a musical style which they kept alive on the all-night dancefloor by doing spectacular spins and drops, while the official voice of the music business decreed that disco or MOR rock or glam or heavy metal was where it was at.The Wigan Casino LegacyDJs would travel to the US to sort through the boxes and mounds of 7-inch vinyl which had been discarded by Motown and the radio stations – basically prospecting for gold – and bring it back to northern English clubs. The principal clearing house was the mighty Wigan Casino which mounted legendary all-nighters from 2am to 8am, attracting soul fans from miles around who knew that this was the only place where certain tracks could be heard. (No Spotify or Apple Music in those days.)Cultural Resistance and RecognitionLicensing laws meant that only Coca-Cola could be served, but dancers took amphetamine, a part of the northern soul scene that has perhaps only recently been acknowledged fully, and is in fact not looked into all that closely here. It carried on through the 1970s, all but ignored by the cultural gatekeepers of the south; that is, until documentarist Tony Palmer brought his cameras and lights into the club to make The Wigan Casino as part of Granada TV's This England strand, an outsider incursion grumblingly resented at the time but now treasured as a unique archive record.Understanding the Movement's IdentityWhat is fascinating about northern soul is the way it survived under the media-cultural radar and appears to resist larger interpretive analysis. It was not overtly political, unlike punk or reggae, and there is no consensus here about the status of the northern soul consumers. Were they unemployed, poor, alienated and angry? Not necessarily. Many here recall having good jobs and apprenticeships of the sort they wouldn't have now.Enduring Influence and MysteriesAs for whether it was revolutionary in any sexual sense, commentator Paul Mason suggests that there was something homoerotic in the male atmosphere. Maybe, yes: but no one here has any first-hand experience to share about that. As for the Wigan Casino itself, the building's lease was terminated by the council at the end of the 70s prior to planned demolition; just when the tenants might have disputed this, the building mysteriously burned to the ground. (Maybe we need David Peace to write a novel about that.) Northern soul was clearly the godfather of the club and rave scenes of the 90s and beyond, but for me, a question remains: what did the American acts themselves think of it? Were they ever tempted (or invited) to play live at the Wigan Casino?
#Northern Soul #Wigan Casino #Alan Byron
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Politics May 13, 2026

Xi Jinping Expected to Press Trump on Taiwan, Tariffs Amid Regional Tensions

Chinese President Xi Jinping is expected to seek concessions on Taiwan and US tariffs during his su…
The Lead: A High-Stakes Diplomatic Encounter Chinese President Xi Jinping is expected to seek concessions on Taiwan and US tariffs when he meets United States President Donald Trump for a critical summit taking place in the shadow of the war on Iran. Trump's arrival in China marks the first trip by a US leader to the country since 2017, setting the stage for what could be a pivotal moment in US-China relations. The Taiwan Confrontation: Core Interest and Red Lines Unlike Trump's mercurial policymaking approach, Xi is widely seen as predictable in his goals for the summit, particularly concerning Beijing's "core interests" related to national security and territorial integrity. At the top of that list is Taiwan, which Beijing views as an inalienable part of its territory despite Taiwan's self-governing status. China has named Taiwan as the first of "four red lines" that "must not be challenged." In a call with US Secretary of State Marco Rubio last month, Chinese Foreign Minister Wang Yi described Taiwan as "the biggest risk in the China-US relationship." While analysts say it's unlikely the US will change its position on Taiwan due to Chinese pressure, Trump has indicated the summit will include discussions about the $14bn arms package approved by Congress for Taiwan. The Trade War Dynamics: Economic Uncertainty and Strategic Maneuvering Xi is also eager to smooth over US-China relations after a tumultuous 18 months that saw Trump launch a second trade war with the world's second-largest economy. The standoff saw both countries implement escalating tariffs and punitive measures, including export controls, before hitting pause in May. During their last meeting in South Korea in October, Xi and Trump agreed to a one-year reprieve in their trade war, though some trade measures remain in place. China is likely to agree to increase purchases of US agricultural exports and Boeing planes during the summit, but is unlikely to make concessions on rare earths—a sector it dominates—without major political trade-offs from the US. The Geopolitical Chessboard: Iran Conflict and Global Implications The US-Israel war on Iran will loom large over the summit. Although not a direct participant, China has been significantly impacted by the economic fallout of the conflict and the shutdown of the Strait of Hormuz, through which one-fifth of global oil and natural gas supplies typically pass. Beijing has consistently called for negotiations and a comprehensive ceasefire since the conflict began, a message Xi is likely to reiterate. Despite Trump stating he doesn't need China's "help" resolving the war, the White House has pressured Beijing to influence Iran to reopen the strait. China has maintained a "comprehensive strategic partnership" with Iran since 2016 and purchases more than 80% of its oil, though Xi is expected to limit China's role to mediation, consistent with its non-intervention foreign policy principle. The Future of US-China Relations: Strategic Adjustments and Long-term Planning For Beijing, the stakes are particularly high as its view of Trump has shifted from a "predictable transactional counterpart" to a "more action-oriented and harder-to-restrain opponent." Rather than securing immediate concessions, China's priority is "trying to adjust the current strategic position and negotiating pace that are unfavorable to it, and bring US-China interactions back into a framework that it can better control." Xi may also support Trump's plan to create a "Board of Trade" and "Board of Investment" to oversee US-China economic ties, as Beijing seeks predictability and certainty for the remainder of Trump's term through January 2029. This stability would allow China to plan its own economic policies with greater confidence, particularly regarding tariff levels and trade relationships.
#Xi Jinping #Donald Trump #Taiwan
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Politics May 13, 2026

Greta Thunberg and Gary Lineker defend Southbank Centre chair against 'smear campaign'

Greta Thunberg, Gary Lineker, and other public figures have signed an open letter defending Misan H…
The Defence of Misan Harriman Greta Thunberg, Tracey Emin, and Gary Lineker are among those who have signed an open letter in support of Misan Harriman, chair of the Southbank Centre. The letter describes a 'dishonest smear campaign' by media outlets that accused Harriman of promoting Golders Green attack 'conspiracies' and comparing Reform voters to Nazis. The Controversy Surrounding Harriman Harriman was accused by the Telegraph of sharing a social media post containing a 'conspiracy' about the Golders Green attack. Critics said the repost risked minimising the antisemitic nature of the attack. David Taylor, the Labour MP for Hemel Hempstead, said the posts were 'incredibly inappropriate' for the chair of a charity board. The Data Behind the Support Over 245 people signed the letter in support of Harriman, including Riz Ahmed and David Oyelowo. 53,000 people backed a campaign to lobby the press regulator Ipso about the coverage. The Impact on Free Speech The letter reflects concern that public figures are being silenced for speaking out at a moment of heightened tension over antisemitism. The signatories argue that trying to silence responsible critics of Israel by smearing them as antisemitic does not protect Britain's Jewish community. The Future of the Controversy Harriman has stated that he will not be silenced and will continue to use his voice to help others. The Southbank Centre has condemned all forms of antisemitism, hatred, and discrimination, and stated that its board members have the right to exercise their freedom of expression within the law.
#Greta Thunberg #Gary Lineker #Southbank Centre
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