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Business Jun 10, 2026

EU and UK Car Industries Seek Delay in Brexit EV Tariffs

The EU and UK car industries are urging the European Commission to delay the implementation of Brex…
The Push for a Tariff Delay The EU and UK car industries are pressing the European Commission to adjust the Brexit trade deal and suspend tariffs on imports of electric vehicles for a second time. They argue that meeting the conditions set for 1 January 2027 for tariff-free sales is not feasible due to strict rules of origin over what products can qualify for tariff-free trade under the EU-UK Trade and Cooperation Agreement. Battery Production Challenges Under the 2020 Brexit deal, 55% of a car's value had to be made in Europe by 1 January 2027 to avoid tariffs, with specific requirements for battery production. However, the industry has expressed concerns that these targets cannot be met, with estimates suggesting that only 'just under 20%' of batteries will be made in the EU by 2027. The Data Analysis Originally, 30% of battery packs and battery cells were to be made in the EU or the UK within years of the deal. By 2023, it was clear that this target was not achievable due to Covid and semiconductor shortages caused by Russia's invasion of Ukraine. The European Commission previously agreed to suspend the rules for three years until the end of this year. The Impact Analysis The struggles in ramping up battery production in the EU and the UK have been hampered by China's stranglehold on critical raw materials and the high cost of battery manufacturing in Europe. Industry leaders are calling for a 'policy shift' at the European Commission to accelerate the transition and avoid self-defeating tariffs. The Prediction With European leaders set to meet on 18 June and China on the agenda, the industry's pleas come amid fears of over-production in China and the favourable exchange rate causing crises for manufacturing and potentially cannibalising European industry. A delay in tariffs is crucial to protect the long-term automotive partnership between the UK and EU and Europe's wider competitiveness.
#European Commission #Brexit #Electric Vehicles
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Business Jun 10, 2026

Fuller's Anticipates World Cup and Staycation Boost for Summer Profits

Pub chain Fuller's is preparing for a bumper summer driven by World Cup evening kick-off times and …
The Lead: Fuller's Bets on World Cup and Staycations for Summer SuccessThe boss of the pub and hotel chain Fuller's has expressed confidence that the evening kick-off times of World Cup matches will provide a significant boost to business during the peak summer period. As the group gets "garden-ready" for fans before the tournament, it anticipates an excellent summer fueled by both international football excitement and domestic tourism trends.The Event Details: World Cup Timing and Staycation StrategyWith the World Cup being co-hosted by the US, Canada and Mexico, kick-off times are expected to be throughout the evening for UK viewers, with England's group matches starting with Croatia on June 17 at 9pm or 10pm BST. Simon Emeny, chief executive of Fuller, Smith & Turner, noted that these later kick-offs could benefit pubs unlike previous tournaments when afternoon matches would "cannibalize normal summer trading." The chain has spruced-up garden areas across its 337 pubs, hotels and inns to cater for what it expects to be a bumper summer.Emeny also highlighted a growing trend of domestic tourism, with holidaymakers choosing staycations over foreign trips this year due to the extra cost of traveling abroad. UK customers are increasingly opting for destinations like the Cotswolds, the New Forest, and trips into London.The Data Analysis: Strong Financial Performance and Property ValuationFuller's reported impressive financial results for the year to the end of March, with a 5.7% increase in revenues to £398m, and adjusted profit before tax up 28% to £34.6m. These strong results lifted its share price by as much as 10% in early trading. The company also updated the valuation of its property portfolio to £991m, almost £400m above its current book value, significantly enhancing the company's asset base.The Impact Analysis: Changing Consumer Behavior in HospitalityFuller's, which mostly operates across London and the south-east of England, has identified that it's particularly popular with higher-income households earning more than £75,000. Despite the rise in the cost of living, this demographic has continued to spend on discretionary leisure activities. Emeny noted that "This group fiercely protects its discretionary spend on going out," and that delivering a "fantastic food, drink and accommodation offer" ensures they continue to choose Fuller's for their leisure spending.The Prediction: Future Growth Beyond Traditional Pub OperationsIndustry analysts suggest that Fuller's may be on the brink of a new chapter where its property portfolio becomes as significant as its hospitality operations. Dan Lane, UK lead analyst at Robinhood, commented that "A hefty valuation of its property suddenly brings the importance of its bricks and mortar back in." If the company can successfully position itself as a high-quality hospitality operator rather than just a collection of pubs, both its property portfolio and overall market valuation could see substantial growth in the coming years.
#Fuller's #World Cup #Staycations
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Business Jun 10, 2026

BYD Aims to Become World's Biggest Car Firm Within Five Years

Chinese car company BYD aims to become the world's biggest automaker within five years, targeting T…
The Ambitious Plan The Chinese car company BYD has said it aims to be the world’s biggest automaker within the next five years. Targeting Toyota’s long-held top spot, BYD’s founder and chair, Wang Chuanfu said he was confident it could overtake global rivals through rapid advances in battery technology, fast charging advances and growing production overseas, including Europe. Global Expansion and Production “BYD will truly become the number one automaker globally in terms of ​scale in five years,” he said at the company’s annual shareholder meeting in Shenzhen. Overnight the company announced plans to spend nearly £1.8bn in Europe to develop infrastructure for five-minute “flash charging” of its cars. The company, based in southern China, overtook Tesla last year as the world’s biggest EV maker by sales. Sales and Market Performance In May it sold more than 160,000 vehicles abroad, up 80% from the year before. It aims to sell 1.5m vehicles overseas this year, up more than 40% from last year’s 1.05m. In 2025, Toyota retained its crown as the world’s top-selling carmaker with 11.3m vehicles, while BYD sold 4.8m last year. European Production and Challenges Separately the company’s top international executive, Stella Li, told reporters in London that the company will start assembling cars at its new plant in Hungary in the fourth quarter of this year. She also said BYD had paused work on a plant ‌in Turkey while it focuses on production in the EU, where locally assembled cars will help it beat tariffs Brussels introduced on Chinese electric vehicles (EVs) two years ago. “Hungary is the number one priority right now,” she told Reuters. “The ​second priority will be to focus on finding a second [production] ⁠facility in Europe.” Challenges and Controversies BYD in Hungary recently faced allegations that EU employment laws were being breached as it races to build its first European factory using Chinese migrant workers. It is also the subject of claims that excavated soil from the site of the factory in the Hungarian city of Szeged was dumped on to surrounding farmland, potentially contaminating it; local authorities ordered the destruction of affected crops. Earlier this week a spokesperson for Csongrád-Csanád county confirmed that authorities have sanctioned three companies involved in the factory’s construction and imposed a fine on at least one of them. However, the findings of the investigation have not yet been made public, said China Labour Watch, which conducted the investigation into workers. BYD is also facing pressure in the US where the Pentagon overnight added it to a list of “Chinese military companies” deemed a national security risk to the US. Many of these businesses are competing directly with big US companies. China responded on Wednesday by saying it believed its addition to the US list “lacks factual basis”.
#BYD #Toyota #China
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World Wide Jun 10, 2026

Stolen Revolution by Bozorgmehr Sharafedin and Yeganeh Torbati review – A history of Iran's recent past

A review of 'Stolen Revolution' by Bozorgmehr Sharafedin and Yeganeh Torbati, a history book that e…
The Book Review It's difficult in 2026 to talk about Iran without confronting a lot of crude certainty. The average non-Iranian gets their information in snippets, filtered by algorithms. The Iranian diaspora is too fractured and traumatised to educate everyone. And the regime has muffled the voices inside its borders, responding to every major uprising with internet blackouts that hide both the people's rage and its own violent response. The History of Iran's Recent Past Bozorgmehr Sharafedin and Yeganeh Torbati's powerful history of the Islamic republic is a badly needed corrective because it is at once an engrossing story and a balanced, meticulously researched primer on modern Iran (the clearest I've ever read). And it is dramatic, personal and often heartbreaking, told through six lives lived at the forefront of the Iranian people's almost five-decade struggle with a corrupt regime that has stolen their freedoms, votes and many thousands of their lives. The 1979 Revolution and Its Aftermath In the 1979 revolution that toppled the Shah, the clerics united Iran's many unhappy factions by promising independence from western influence and economic prosperity (the first supreme leader, Ruhollah Khomeini, 'declared that 'no one must remain without a dwelling in this country' and promised to ensure free electricity and water for the poor'). But, in the place of the monarchy, Khomeini and his acolytes built a mafia state that instituted gender apartheid, worsened every social injustice, killed the arts, decimated living standards, and isolated Iranians from the global culture and economy. The Rise of the Hardliners As they slowly push the reformists out, the hardliners stop pretending to be running a democracy. High-level bureaucrats flaunt their wealth more boldly. The clerics empower 'the [Revolutionary] Guards to enrich themselves', turning a military police force into a business empire that competes for government contracts and runs smuggling networks to overcome sanctions. The Future of Iran These movements are homegrown and deep-rooted, each building on the lessons and mistakes of previous generations. In present-day Iran, it's no longer religious minorities or women or young liberals protesting: it is Muslims, old men, parents, the poor. Stolen Revolution is a careful and unwavering account of the regime's absurdities and crimes. It should be required reading for anyone who cares about human rights or justice in the Middle East.
#Iran #Bozorgmehr Sharafedin #Yeganeh Torbati
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Sports Jun 10, 2026

The Knicks' Desperation vs. the Spurs' Youth: A Championship Legacy on the Line

A lifelong Knicks fan analyzes the team's 53-year championship drought and their current matchup ag…
The Knicks' Championship QuestAs a lifelong Knicks fan who remembers the team's last championship in 1973, I've been waiting 53 years for another title. This 2026 Knicks team is different and very special to me. The NBA started in cities like New York, Philadelphia and Boston, with the Knicks being one of the original franchises. While they've had periods of success, including multiple finals appearances in the 1950s and 1970s, the team has also endured long droughts.In the 1970s, the Knicks resembled the United Nations with diverse players who all got along and played selflessly. My first basketball superhero was Willis Reed – The Captain – alongside Walt Frazier, Dave DeBusschere, Bill Bradley, Earl the Pearl and Jerry Lucas. They represented New York's melting pot, showing that different people could work together and win.A Legacy of DeterminationHistory matters because it keeps the present from being a mystery. When it comes to the current Knicks, we're talking about the same city, the same team, the same colors, playing in the same building on 7th and 34th. How can we not think about the past? How can you not think about time?When you talk about Victor Wembanyama, I remember seeing Lew Alcindor in his first year and hearing similar things about him. But if the Knicks win this championship, it would be the biggest celebration in New York since the Brooklyn Dodgers won the World Series in 1955. That victory was remembered forever, and this one would be too.The Spurs' Youthful ChallengeThe San Antonio Spurs represent a different kind of team – younger and less experienced. The Knicks went up 2-0 in San Antonio, but then lost Game 3 at home at Madison Square Garden. Now it's time to bounce back.For me, a championship this season would be a culmination of a 10-year climb with the pandemic in the middle. There was 2016-2020, then the pandemic, followed by 2020-2026. Every year, the Knicks have gained a little – adding guys like Jalen Brunson, Josh Hart, and KAT. Hollywood couldn't have written a better script.Desperation vs. EnergyI don't believe a young veteran team like New York will lose to a team that's really green like the San Antonio Spurs. The Knicks have players who look like they're playing as if the other team is trying to take food away from them.The Knicks have players who are at the pinnacle, making names for themselves – Mitch Robinson, Deuce McBride, Landry Shamet. Landry's probably looking to get his first big paycheck. When you're 28, 29, you're fighting for your life. And when you get all those vets on the same page, it's hard to beat.The Final ChapterEven if the Knicks do lose, the story continues. You don't know what the story is until you arrive at the end. But I think it is time to close this chapter. For the Knicks, the opportunity is right here.The Spurs may be able to match the energy but not the desperation. We'll see in Game 4 and beyond whether this 53-year drought finally comes to an end in New York's favor.
#New York Knicks #San Antonio Spurs #NBA Finals
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Sports Jun 10, 2026

Argentina's Quest for Back‑to‑Back World Cup Glory in 2026

Defending champions Argentina, led by a 39‑year‑old Lionel Messi, are targeting a historic consecut…
Argentina aims for historic back‑to‑back World Cup titlesDefending champions Argentina enter the 2026 tournament with the ambition to become the first side since Brazil in 1962 to retain the trophy. With a FIFA ranking of 3 and a legacy of three titles (1978, 1986, 2022), the team leans on both experience and a new generation of players. Messi’s evolving role as the tournament’s focal pointAt 39 years old, Lionel Messi is expected to start the opening match against Algeria on June 16. A minor hamstring issue may limit his minutes, shifting his contribution from pure goal‑scoring to leadership, set‑piece threat, and psychological presence. Opening game: Argentina vs Algeria – Kansas City, Missouri – 9 pm ET (01:00 GMT, June 17)Group matches: vs Austria (June 22, 1 pm ET) and vs Jordan (June 27, 10 pm ET) Squad composition and age profile: numbers that matterThe 26‑man roster features a blend of seasoned winners and youthful prospects: Veterans: 17 of the 26 players who lifted the 2022 trophyTop scorer in Serie A: Lautaro Martínez (17 goals)Messi’s records: 13 World Cup goals, 26 appearances – all‑time Argentine leaderEmerging talent: Nico Paz (Como), Valentin Barco (Strasbourg) Strategic implications for Argentina and global footballScaloni’s stability since 2018 has given Argentina a clear identity. The mix of world‑class midfielders (Alexis Mac Allister, Enzo Fernández, Rodrigo De Paul) and a goalkeeper with a strong penalty‑shootout pedigree (Emiliano Martínez) provides tactical flexibility. However, the group presents challenges: Algeria (ranked 28) and Austria (ranked 24) are capable of upsets, echoing the Saudi surprise in 2022. Outlook: Can Scaloni repeat history?Al Jazeera predicts a semifinal run, noting that Argentina’s quality can carry them deep even if Messi’s impact wanes. Success would make Lionel Scaloni the first manager since Vittorio Pozzo (1934‑38) to win consecutive World Cups, cementing his legacy alongside Messi’s final international chapter.
#Argentina #Lionel Messi #World Cup 2026
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Sports Jun 10, 2026

Somali World Cup Referee Omar Artan Receives Hero's Welcome After US Entry Block

Somali World Cup referee Omar Artan received a hero's welcome in Mogadishu after being denied entry…
The Historic Journey Cut ShortOmar Artan, Somalia's premier football referee, arrived in Mogadishu on Wednesday to an enthusiastic reception after his dream of becoming the first Somali referee to officiate at a World Cup was abruptly halted. The highly respected official, named Africa's best male referee in 2025, was denied entry to the United States at Miami international airport on Saturday due to unspecified "vetting concerns" by US Customs and Border Protection.The Controversial DenialDespite being issued a valid visa by the Somali embassy in Kenya, Artan was prevented from entering the US, which subsequently led to his removal from FIFA's final referee list for the World Cup. The incident has raised questions about the transparency of the vetting process and its impact on international sports participation. Artan expressed his disappointment but remained optimistic about the future, stating his commitment to returning to the global stage.A National Hero's WelcomeUpon his return to Somalia, Artan was greeted by hundreds of supporters and officials at Mogadishu airport, where he was celebrated as a national hero. Waving the Somali flag, the crowd showed their unwavering support for the referee who had brought international recognition to the country. Artan thanked the Somali government, people, and FIFA for their support during this challenging time.Looking Ahead to Future OpportunitiesDespite the setback, Artan remains determined to continue his refereeing career and represent Somalia on the international stage. "I promise you, God willing, that I will attend the next one," he declared to the supportive crowd. The incident has highlighted the challenges faced by officials from developing countries in accessing international sporting events and may prompt discussions within FIFA about visa support and entry protocols for tournament participants.
#Omar Artan #Somalia #World Cup
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Sports Jun 10, 2026

World Cup 2026: England Prepares for Friendly as Infantino Jokes About 'Happy Barbarians' Invading LA

The World Cup 2026 is set to kick off in 35 hours, with England gearing up for a friendly match. FI…
The Road to World Cup 2026 The World Cup 2026 is just 35 hours away from kicking off, and teams are gearing up for the big event. England is preparing for a friendly match, while other teams are finalizing their preparations. Infantino's 'Happy Barbarians' Comment FIFA president Gianni Infantino joked about the US being invaded by 'happy barbarians' at the tournament's launch in LA. He said, 'You will be invaded. You will be invaded by a horde of barbarians. But it's happy barbarians, don't worry.' He added that fans from different countries will come together to enjoy the tournament and have fun. Messi Scores on Return Lionel Messi scored on his return for Argentina in a 3-0 win over Iceland. Messi came off the bench in the second half and scored his side's second goal from a penalty. Argentina's Valentin Barco had put them ahead in the eighth minute, and Thiago Almeda wrapped things up with a third four minutes from time. Other World Cup 2026 News Elsewhere, Iraq's final tune-up before their Group I campaign begins ended in a 2-0 loss to Venezuela. The World Cup 2026 is expected to be a major event, with teams from around the world coming together to compete.
#World Cup 2026 #Gianni Infantino #Lionel Messi
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Sports Jun 10, 2026

Messi's Bench Impact: Argentina Clinches 3-0 Warm-Up Victory

Lionel Messi came off the bench to score a penalty as Argentina secured a comfortable 3-0 victory o…
The Bench Impact: Messi's Late MasterclassLionel Messi made a significant impact from the substitutes' bench, entering the match in the 70th minute to help Argentina secure a comfortable 3-0 victory over Iceland in their final World Cup warm-up. The match took place in Auburn, Alabama, before an 88,000 capacity crowd.Argentina's Clinical Warm-Up PerformanceValentin Barco opened the scoring with a well-placed shot from a goalmouth scramble.Nico Paz missed a big chance to extend the lead before halftime.Enzo Fernandez and Alexis Mac Allister were introduced at halftime to bolster the midfield.Lautaro Martinez hit the post twice but was unable to score.Messi set up the penalty with a throughball to Lautaro Martinez, who was taken out by Iceland goalkeeper Elias Olafsson. The 38-year-old superstar then buried the spot kick into the roof of the net, scoring his 117th international goal.Setting the Stage for the Global StageThis victory comes after Messi missed Argentina's first friendly against Honduras due to a left hamstring strain. The team appears to have come through the warm-up unscathed, with key players like Julian Alvarez and Thiago Almada also finding the net. The performance suggests Argentina is in peak form ahead of the tournament.Record-Breaking Expectations for the AlbicelesteWith his World Cup status seemingly certain, Messi is set to set a record this month alongside Cristiano Ronaldo when he appears in his sixth career World Cup. The veteran forward's ability to impact the game from the bench demonstrates his enduring fitness and leadership, reinforcing Argentina's status as top contenders for the title.
#Lionel Messi #Argentina #World Cup 2026
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