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Japan's economic strategy has inadvertently created a Japanese century in global finance, driven by the yen's role as a cheap and reliable funding currency. The Bank of Japan's loose monetary policy has suppressed yields on public debt, effectively creating a publicly subsidized funding pipeline for bankers.By borrowing cheaply in yen and investing in higher-return assets, such as US equities, global investors have profited tens of billions of dollars from the 'yen carry trade'. This trade surged after the pandemic, with speculators betting $435bn in the two years to 2024 out of the estimated $1.7tn worth of yen supplied.Despite Japan's first rate hike since 2007 in March 2024, the carry trade remains popular. However, a persistent fear exists that the BoJ may aggressively raise rates, risking a global financial shock. A stronger yen would increase the cost of repaying yen-denominated debts, and heavily leveraged hedge funds could face significant losses.Japan's economic success has created an external dependency on the carry trade to manage internal crises. The country's reflationist prime minister, Sanae Takaichi, is committed to fiscal expansion, which may continue to stabilize the private sector but not necessarily drive growth.Economic analysis suggests that Japan's growth constraints are rooted in its macroeconomic prices, including profit, exchange rate, interest, wages, and inflation. While Japan has seen recent real wage growth, wages have historically been flat or falling, and the country's firms lack a reliably competitive exchange rate and viable profit rate to drive demand and reform.

The Super League's potential takeover by the National Rugby League (NRL) could gain momentum as executives from the NRL prepare to meet in the UK to discuss the deal. The recent Rivals Round has showcased the league's exciting matches and drawn large crowds, highlighting its potential. Despite financial struggles, the Super League has demonstrated a strong on-field performance, with five teams level on points at the top of the table. This competitiveness, coupled with increased attendance - 13% higher than last year, presents a compelling case for the NRL's involvement. The NRL is considering covering the Super League's £2.1m salary cap as part of a potential deal, which could alleviate financial pressures on club owners. However, this would likely require them to relinquish control of the game. Wakefield's coach, Daryl Powell, noted that the league has never been more open, with multiple title contenders emerging. The recent matches, including a sell-out crowd for the Hull derby and St Helens' win against Wigan, demonstrate the growing interest in the Super League. While challenges remain, such as a shrinking player pool and expansion, the NRL's involvement could provide the necessary support to elevate the game. The Super League appears poised for a significant breakthrough, with the potential takeover talks gaining traction.

The modern workplace is witnessing a surge in trends that prioritize flexibility and work-life balance over traditional productivity. Microshifting, coffee badging, and bare minimum Mondays are just a few examples of how employees are redefining what it means to work.Microshifting involves breaking the traditional 9-to-5 workday into short, flexible bursts of activity, allowing for a better work-life balance. Coffee badging, on the other hand, involves taking time out of the workday to protest an employer's in-office requirements by driving into the office, swiping a badge, having a coffee, and then taking more time out to drive back home.These trends are not new, and they have been referred to by other names in the past, such as 'taking the piss'. Other trends, like quiet quitting, career cushioning, quiet vacationing, task masking, quiet cracking, and resenteeism, all share a common trait: avoiding work.The question remains, whatever happened to actually working? When a company hires an employee to do a job, there is an implied assumption that the employee will actually do their job. However, these trends suggest that employees are not necessarily doing their jobs, and yet, they still expect to receive their paychecks.Employers often accuse employees of stealing money from them when they avoid work, but rather than addressing the issue directly, they often terminate the employee quietly. The article concludes that these trends have been beneficial for academics, journalists, HR teams, and workplace experts, but most employers see right through them.In a slowing economy and softening job market, the demand for workers with the right attitude, who work hard, display discipline, and get their jobs done, will always be strong. People who succeed are not microshifting, coffee badging, or working bare minimum Mondays; they are working, actually working.

In a viral trend on TikTok, Londoners are reviewing upmarket bakeries and cafes in their neighborhoods, sparking conversations about gentrification and the changing face of local businesses.Moses Combe, a 21-year-old from north London, started a series of videos called the 'Endz Department for Research', where he reviews upscale cafes that he wouldn't normally visit. His goal is to investigate the changes happening in his own backyard. Combe's review of Jolene, a bakery he describes as 'giving Gail's Pro Max', comes to £14.20. He enjoys the sausage roll, saying 'They did not skimp out with that sausage, bro.'Combe isn't alone in his reviews. Kobi Coker, a 27-year-old comedian and educator, also reviews 'gentrified' spaces. He says his videos exploring these areas weren't initially intentional but were sparked by noticing new, upmarket establishments opening up on his road during his daily commute. Coker has reviewed the Dusty Knuckle bakery, Jolene, Gail's, and Pret, often joking about his experiences.The trend has led to discussions about gentrification and its impact on local businesses. Coker notes that while some new businesses bring new ideas, the problem is that long-time residents 'aren't necessarily able to participate in it.' Matthew Roberts, operations manager at Jolene, welcomes the attention, saying it's 'all very positive' and that they want to 'welcome absolutely everybody.'Other reviewers, like Daniel Poon, a 27-year-old content creator, review mainstream chains when they release products inspired by other cuisines. He reviewed Pret's ube drink, saying it didn't feel authentic to the original Filipino flavor. Poon appreciates chains' efforts to branch out and try new things, but also values diversity and trying different cuisines.

The UK is facing a potential rebranding of its beloved breakfast spread, marmalade, due to new EU rules. The proposed changes are part of a planned food deal with the EU, which would require the UK to align with the bloc's naming rules for food products.Under the new rules, marmalades may need to be relabelled to specify the type of fruit used, such as 'citrus marmalade'. However, the government has clarified that 'orange marmalade' will still be allowed and that jars on UK shelves will remain unchanged.The Conservative former home secretary, Priti Patel, has accused Labour of 'attacking the great British marmalade', claiming that the prime minister is 'desperate to fit in with his EU pals and unpick Brexit'. However, the government spokesperson has denied this, stating that the deal simply supports trade by cutting unnecessary red tape.The UK is being asked to align with regulations already in force within the EU, which allow all conserves to be marketed as marmalades as long as the type of fruit is specified. The rules were relaxed in 2004 to allow fruit-based spreads to be referred to as marmalades in certain European countries.A government source pointed out that marmalade on UK supermarket shelves is already usually labelled as 'orange marmalade', which they suggested is in compliance with the EU rules. The government has assured that the agreement supports exporters while fully preserving the UK's ability to shape food rules in the national interest.

South Carolina defeated UConn 62‑48 in the women’s NCAA Final Four on Friday night, snapping the Huskies’ 54‑game winning streak and booking the Gamecocks a spot in the national championship.With just 0.1 seconds left on the clock, the two veteran coaches met at the scorer’s table. Geno Auriemma raised his voice toward Dawn Staley, prompting a sharp retort from the South Carolina coach. Assistant coaches intervened before UConn could inbound the final play.In the post‑game press conference, Staley emphasized her integrity, saying she had shaken hands with every member of Auriemma’s staff before the game and was unaware of any perceived slight. "Sometimes things get heated, we move on," she told ESPN’s Holly Rowe.Auriemma, who later described the exchange as “nothing,” reiterated that he simply said what he felt was necessary, while Staley deflected responsibility, noting that he had initiated the conversation.Earlier in the fourth quarter, Auriemma vented frustration over officiating, alleging a series of fouls called against his team and accusing the opposing coach of “rants and raves” that distracted from the game.The loss exposed offensive struggles for UConn’s All‑America duo. Sarah Strong, the national player of the year, managed only 12 points on 4‑of‑16 shooting, and Azzi Fudd contributed eight points on 3‑of‑15, including a poor three‑point performance (2‑of‑9). In contrast, South Carolina’s Ta’Niya Latson scored 16 points and Agot Makeer added 14.Defensively, the game was a battle: UConn was called for 17 fouls, while South Carolina drew just eight. The Gamecocks’ interior size limited Strong’s attempts, and the Huskies could not find rhythm, recording their lowest point total since a 49‑point effort in the 2022 championship loss.UConn entered the Final Four with a 38‑1 record, marking their ninth undefeated run to the semifinal and the third consecutive year they fell short of the title. South Carolina (34‑3) will now face UCLA for a chance at their fourth national championship.

Central Israel was shaken as videos captured a projectile falling from the sky in the aftermath of an Iranian airstrike. The incident has heightened concerns over the escalating conflict in the Middle East. Footage shared on social media and news outlets depicted the moment the projectile was seen descending, sparking widespread alarm and concern among local residents.The airstrike, attributed to Iran, has strained relations between Iran and Israel, contributing to an already volatile situation in the region. The Israeli government has not issued an immediate statement on the incident, but military and emergency services were quickly deployed to the area to assess the situation and provide any necessary assistance.This recent development underscores the ongoing tensions and complexities in Middle Eastern geopolitics, where conflict and diplomatic maneuvering frequently intersect. The incident serves as a stark reminder of the fragile peace and the potential for rapid escalation in the region.

The Gulf Cooperation Council (GCC) Secretary-General, Jassim al-Budaiwi, has urged the United Nations Security Council (UNSC) to take immediate action to stop Iranian attacks on Gulf countries, which he described as a 'flagrant violation' of international law and the UN Charter.Speaking at the UNSC, al-Budaiwi called on the council to 'take all necessary measures' to bring an end to Iran's attacks on Gulf countries and to protect maritime corridors and guarantee uninterrupted maritime navigation through strategic waterways in the region.The GCC chief also emphasized the need for the six GCC states – Saudi Arabia, Qatar, Bahrain, Oman, Kuwait, and the United Arab Emirates – to be included in any talks or deals with Iran 'to enhance regional security and prevent further escalation or repetition of such attacks in the future.'Iran has been carrying out daily missile and drone attacks across the Middle East, including in Arab Gulf nations, since the US and Israel launched a war against the country on February 28. These attacks have struck civilian sites, including critical energy facilities, and have effectively closed the Strait of Hormuz, a key Gulf waterway through which about one-fifth of the world's oil and liquified natural gas supplies transit.The situation has sent global energy prices skyrocketing, and frustrations are growing across the Gulf as the US-Israeli war on Iran drags on. According to Al Jazeera's Zein Basravi, 85 percent of the projectiles fired by Iran have targeted Gulf countries, with the UAE being the hardest hit.

Israel's death penalty law, recently making headlines, has been criticized for potentially disproportionately affecting Palestinians. The law, which allows for the imposition of the death penalty in certain cases, has been defended by its proponents as a necessary measure to deter serious crimes. However, opponents argue that it violates international human rights standards and is being used as a political tool to maintain control over the Palestinian population.The law has been met with widespread condemnation from human rights groups and critics who see it as part of a broader pattern of discrimination against Palestinians. They argue that the law undermines the rule of law and perpetuates a cycle of violence and oppression.In response to the criticism, Israeli officials have emphasized the law's purpose as a deterrent, claiming it will help to reduce the incidence of serious crimes. However, many experts and activists question the effectiveness of the death penalty as a deterrent and argue that it fails to address the root causes of violence.