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World Economy Apr 16, 2026

Metro Bank CEO Dan Frumkin awarded record £2.6 million salary after 1,000‑job cut and £925 million rescue

Metro Bank’s chief executive Dan Frumkin received a historic £2.6 million pay package – more than d…
Metro Bank has approved a £2.6 million annual remuneration package for chief executive Dan Frumkin, the highest ever for the lender since its 2010 launch. The figure more than doubles the £1.2 million he earned in 2024. The pay rise comes on the heels of a dramatic restructuring that saw the bank cut over 1,000 jobs in spring 2024 and suspend Sunday trading, measures taken after a £925 million rescue led by Colombian billionaire Jaime Gilinski Bacal, who now owns 53% of the institution. Metro’s turnaround has delivered a record pre‑tax profit of £87 million for 2025, prompting the board to approve a complex bonus scheme. The package includes a £1.2 million annual bonus, a £470,000 deferred bonus from 2023, and a salary of £938,875, plus additional tax, life‑insurance and pension benefits. Under the scheme, Frumkin could earn up to £60 million over five years if Metro’s share price exceeds certain thresholds – it must stay above 120p in 2028 and could reach 437p, a level that would trigger the maximum payout. Metro’s shares currently trade around 141p. The bonus plan was endorsed by 88.6% of voting shareholders, despite objections from proxy advisers ISS and Glass Lewis. The bank did not disclose how many of those votes were cast by Gilinski’s holdings. Founded by US billionaire Vernon Hill, Metro Bank distinguished itself with dog‑friendly branches and seven‑day opening hours. However, a 2019 accounting error forced the resignation of its founder and top executives, and the bank struggled to satisfy regulators, leading to the 2023 capital infusion. In a statement, a Metro Bank spokesperson said the remuneration committee’s approach is “based on the delivery of long‑term growth generation and the continued turnaround of the bank,” emphasizing alignment with shareholder interests. Frumkin, who joined Metro in 2020 after senior roles at RBS and Northern Rock, now stands at the centre of a debate over executive pay in a sector still recovering from the 2007‑08 financial crisis.
#metro #bank #frumkin
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Entertainment Apr 16, 2026

The Mummy Reboot Falls Flat with Overlong and Unscary Horror

The latest reboot of The Mummy, directed by Lee Cronin, has been released to mixed reviews. Despite…
Warner Bros' new take on The Mummy, directed by Lee Cronin, has been met with criticism for its grandiose approach and lackluster execution. The film's attempt to distance itself from Universal's upcoming return to the franchise and capitalize on the current trend of auteur-driven horror films has been seen as unearned and indulgent. Cronin, an Irish filmmaker with only two previous films under his belt, has been praised for his visual talent, but his Mummy has been criticized for being absurdly overlong at 134 minutes and tonally unsure. The film's attempt to blend elements of classic monster movies with modern horror tropes has resulted in a messy and unoriginal product. The film's plot, which revolves around a creepy kid who returns from the dead with a malevolent presence, has been compared to other horror films such as The Exorcist and The Omen. However, the execution falls short, with rubbery prosthetics and an exhaustingly loud finale that fails to deliver scares. Despite its bold ambition and stunning visuals, the film ultimately feels like a lesser imitation of other horror films. The lack of character development, suspense, and logic makes it difficult to become invested in the story. The Mummy is set to release in Australian cinemas on April 16 and in the US and UK on April 17.
#The Mummy (2023) #Lee Cronin #Universal Pictures
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News Apr 16, 2026

Italy Suspends Defence Pact with Israel Amid Rising Tensions in the Middle East

Italy's Prime Minister Giorgia Meloni has suspended a defence agreement with Israel, a move seen as…
Italy's decision to suspend a defence agreement with Israel has significant implications for their long-standing relationship. The agreement, which was set to automatically renew every five years, was suspended by Italian Defence Minister Guido Crosetto in a letter to his Israeli counterpart, Israel Katz. The move comes as Italy's government and Prime Minister Giorgia Meloni prepare for elections next year and face growing public discontent over the war in Iran and the crisis in the Strait of Hormuz. Italy's reliance on gas imports and concerns over the economic impact of the crisis are also key factors. The Italian government's decision does not cancel the agreement outright but merely suspends it. This move is seen as a sharp reversal for a right-wing government that has been one of Europe's staunchest allies of Israel. Observers note that Italy's relations with Israel have soured recently, particularly after Israel's massive attack across Lebanon last week, which killed hundreds of people. The Italian ambassador to Tel Aviv was summoned after Italy's Foreign Minister Antonio Tajani condemned Israel for its 'unacceptable attacks against the civilian population' in Lebanon. Italy's decision to suspend its defence agreement with Israel 'must be seen within a broader effort to progressively stabilise the region, including by reducing tensions in Lebanon,' said Michele Valensise, president of the Institute for International Affairs. He added that Italy remains a friend to Israel but does not preclude taking a critical position against certain choices of the Israeli government. The suspension of the defence pact also reflects Italy's efforts to distance itself from US President Donald Trump, with whom Meloni had previously been closely aligned. Trump has criticised Meloni, saying he is 'shocked' by her decisions and implying that she lacks courage.
#israel #italy #italian
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Video Apr 15, 2026

Italy Halts Decades‑Old Defense Pact with Israel, Signaling Diplomatic Shift

Italy announced the suspension of its long‑standing defence agreement with Israel, indicating a not…
On April 15, 2026, the Italian government declared that it is suspending its long‑standing defence agreement with Israel. The move marks a significant shift in the bilateral security framework that has existed for decades. While the official statement did not detail the reasons behind the decision, the suspension itself underscores a re‑evaluation of Italy's defence and foreign‑policy priorities in the region. Analysts note that such a step could have broader implications for European‑Middle Eastern cooperation, potentially affecting joint training, intelligence sharing, and procurement projects that were previously covered under the pact. Both nations are expected to engage in diplomatic dialogues to manage the transition and assess the future of their strategic partnership.
#italy #suspends #long-standing
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Gallery Apr 15, 2026

Sudan Conflict Drives Millions into Prolonged Displacement and Acute Hunger, NRC Survey Finds

A new Norwegian Refugee Council survey of 1,293 households across Sudan, Chad and South Sudan revea…
When fighting erupted in Sudan’s streets in April 2023, families fled their homes, cities and even the country itself. Three years on, the exodus continues, with millions still on the move.The Norwegian Refugee Council (NRC) surveyed 1,293 displaced households in Sudan, Chad and South Sudan, exposing a grim cycle of loss. Each forced relocation strips survivors of the last remnants of their former lives.According to the findings, about 90 % of respondents have lost their homes and nearly three‑quarters report having no income. Food scarcity has become critical: more than 80 % of households in Sudan and virtually all in South Sudan regularly skip meals.Within Sudan alone, over nine million people remain displaced, while an estimated 28.9 million face acute hunger. The cumulative trauma is evident—by the fourth displacement, almost two‑thirds of individuals feel completely exhausted and depleted of resources, and roughly 65 % have been separated from family members.Despite these hardships, a remarkable degree of solidarity persists. In Sudan and Chad, one in three aid recipients continue to share their limited supplies with neighbors, strangers and newly arrived families.“In Sudan now, you are always running,” says Amina, who escaped Khartoum with four children and only the clothes on her back after her husband vanished in the early days of the fighting. “Running from war. Running for food.”Education has collapsed: only 45 % of displaced children across the three nations attend school regularly, while 18 % of households have been forced to send children to work.The NRC’s conclusion is stark. While resilience and generosity have kept the humanitarian response afloat, communities are signaling that they can no longer bear the burden alone. The mutual support that has acted as an “invisible backbone” is now stretched to its breaking point.This photo essay is provided by the Norwegian Refugee Council.
#sudan #chad #displacement
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Entertainment Apr 15, 2026

Jessica Hardwick Delivers a Riveting Turn in Traverse Theatre's 'Gush', Capturing the Turmoil of Early Motherhood

In a sharply written monologue by Jess Brodie, Jessica Hardwick’s nuanced performance at Edinburgh’…
Becoming a parent reshapes every facet of daily life—the late‑night outings fade, responsibility expands, and the role shifts from being cared for to becoming a caretaker. This profound transition forms the emotional core of Jess Brodie’s new play, Gush. The playwright deliberately zeroes in on the moments before birth, a period she describes as a “still point” where reflection and anticipation collide. Rather than dramatizing labor itself, Brodie explores the inner landscape of a woman on the brink of motherhood. At the centre of the piece is Ally, a pregnant woman whose bulging belly becomes a visual reminder of her mounting anxieties. She grapples with sleepless nights, dietary restrictions, and the looming deadline of maternity leave, while also confronting an unfinished personal identity that must now accommodate the role of “mum”. Beyond the familiar pressures of pregnancy, the monologue delves into Ally’s quest for self‑realisation. The impending birth is portrayed as a ticking time‑bomb, intensifying her doubts about a middle‑class existence shared with a neurotic, controlling partner. The narrative questions whether she should finally honour the sexual desires she has long suppressed. Critics may note the play’s narrow focus—its politics are largely self‑absorbed, and its feminist themes risk sounding solipsistic. Nevertheless, Brodie’s script is laced with wit and unexpected turns, keeping the audience firmly engaged. In Becky Hope‑Palmer’s meticulously crafted production, the set—half stark white surface, half inviting cushion pool—mirrors the tension between alienation and comfort. It is Jessica Hardwick’s performance that elevates the piece. Her voice, both resonant and precise, navigates Brodie’s rapid tonal shifts—from irony to panic, embarrassment to eroticism, fury to humor—with remarkable sensitivity. Hardwick’s portrayal makes Gush a must‑see, even for those who might otherwise overlook the play’s limited thematic scope. The production runs at the Traverse Theatre in Edinburgh until 25 April.
#Jessica Hardwick #Traverse Theatre #Gush
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World Economy Apr 15, 2026

UK Minister Asserts Welfare and Defence Spending Are Not Mutually Exclusive

The UK government is navigating the challenge of balancing welfare and defence spending amid global…
The UK government is facing pressure to increase its military budget to ensure national security during a period of global volatility. A Treasury minister has argued that balancing welfare and defence spending is not a zero-sum game, suggesting that it is possible to increase investment in both areas.James Murray, the chancellor's deputy, stated that the government is committed to the biggest sustained increase in defence investments since the cold war. However, he did not provide a timeline for the publication of the delayed defence investment plan.Former defence secretary and head of Nato, George Robertson, has accused the Treasury of 'vandalism' for not sufficiently boosting the armed forces. He suggested that defence should be prioritized over welfare spending, warning that the UK cannot defend itself with an ever-expanding welfare budget.The government has committed to reaching 2.5% of GDP on defence from April next year and 3% in the next parliament. However, military chiefs believe there is still a £28bn shortfall after years of the armed forces being hollowed out by successive administrations.Murray countered Robertson's views, stating that the welfare system is not a fixed entity and includes targeted measures like the removal of the two-child benefit cap, which helps hundreds of thousands of children out of poverty.The debate over public spending cuts to fund defence has sparked an angry reaction on the left, with veteran MP Diane Abbott accusing Robertson of prioritizing 'guns over butter' and warning that such an approach could cost Labour votes.
#defence #welfare #spending
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News Apr 15, 2026

Spain Approves Amnesty Program for 500,000 Undocumented Immigrants

The Spanish government has approved an amnesty program for approximately 500,000 undocumented immig…
Spain's government has approved an ambitious amnesty program aimed at granting legal status to an estimated 500,000 undocumented immigrants. This move, passed by Prime Minister Pedro Sanchez's administration, is set to open the application process on April 16. By taking this step, Spain diverges from the trend in Europe and other parts of the world where anti-immigration sentiments are on the rise.The decree, which amends immigration laws, was fast-tracked to bypass parliament, where Sanchez's left-wing government lacks a majority. This measure had previously failed to gain approval from lawmakers. Under the plan, eligible migrants can seek a one-year residency and work permit if they meet certain conditions, such as arriving in Spain before January 1, living in the country for at least five months, and having no criminal record.Migration Minister Elma Saiz announced that applications can be submitted online starting Thursday and in person from April 20, with the window closing on June 30. After a year, those granted the temporary measure will be eligible to apply for other work or residency permits. Sanchez described the move as “an act of justice and a necessity”, emphasizing the demographic challenges Spain faces with an ageing society.The opposition, led by Alberto Nez Feijo of the People's Party, criticized the move as “inhumane, unfair, unsafe, and unsustainable”. However, it's worth noting that the centre-right party itself carried out mass legalizations of migrants in the early 2000s when it was in power. The government estimates that around half a million people could be eligible, though analysts suggest the figure might be higher.A union representing immigration officers has demanded more resources, warning that the government is unprepared for the challenge. Sanchez argued that “without new people working and contributing … prosperity slows”, highlighting that migrants have been crucial to Spain's economic growth, which is currently the fastest in Europe.
#spain #immigration #amnesty
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News Apr 15, 2026

Washington Hosts First Israel‑Lebanon Direct Talks Since 1993 Amid Hezbollah Opposition and Disarmament Demands

The United States is facilitating the first Israel‑Lebanon bilateral talks in over three decades, w…
The United States is brokering a historic round of direct, high‑level talks between Israel and Lebanon in Washington, D.C., marking the first bilateral engagement between the two countries since 1993. Lebanese officials aim to secure a ceasefire, whereas Israel’s primary objective is the disarmament of the Iran‑backed Hezbollah militia. Hezbollah’s leadership has publicly dismissed the negotiations as a "futile" ploy, with Secretary‑General Qassem Naim urging the Lebanese government to withdraw from the talks. The group argues that negotiating under fire amounts to a surrender and insists that any disarmament can only occur after a full Israeli withdrawal from southern Lebanon. The talks are scheduled for Tuesday at the U.S. Department of State headquarters, beginning at 11 a.m. Eastern Time (15:00 GMT). Key participants include Lebanese Ambassador to the U.S. Nada Hamadeh, Israeli Ambassador to the U.S. Yechiel Leiter, U.S. Secretary of State Marco Rubio, U.S. Ambassador to Lebanon Michel Issa, and State Department Counselor Michael Needham, all acting as facilitators. The U.S. frames the meeting as a necessary response to “Hezbollah’s reckless actions,” emphasizing that "Israel is at war with Hezbollah, not Lebanon, so there is no reason the two neighbours should not be talking," a senior State Department official said. Escalating violence has set a grim backdrop: Israeli strikes on Lebanon have killed at least 2,080 people, including 165 children and 87 medical workers, and displaced more than 1.2 million residents. Overall, the conflict has claimed over 3,768 Lebanese lives since October 2023. Israel has refused to discuss a ceasefire, insisting instead on a plan to dismantle Hezbollah’s arsenal. According to Israeli media, the proposal would divide southern Lebanon into three security zones: Zone 1 (0‑8 km from the border) under a long‑term Israeli military presence; Zone 2 (up to the Litani River) where Israeli forces would gradually hand control to the Lebanese army; and Zone 3 (north of the Litani) to be managed solely by the Lebanese army for disarmament purposes. Israeli officials have also floated reinstating a “buffer zone” in the south, a policy abandoned decades ago. Beirut, represented by Culture Minister Ghassan Salame, describes the Washington meeting as a preliminary step to pause hostilities and reassert state authority, while acknowledging Lebanon’s limited leverage. The Lebanese government has previously announced plans to disarm Hezbollah under U.S. pressure, a move Hezbollah denounced as a surrender to Israel and the United States. The broader diplomatic context includes a recent U.S.–Iran ceasefire agreement that nominally covers Lebanon, but Israeli Prime Minister Benjamin Netanyahu rejected its terms and pushed for direct talks, receiving backing from U.S. President Donald Trump and Vice President JD Vance. European leaders, however, have urged that Lebanon be fully incorporated into any ceasefire framework. Hezbollah’s objections are multifaceted: negotiating while under bombardment, lack of national consensus, the demand to disarm its weapons—deemed a “Lebanese internal matter”—and accusations of governmental betrayal. The group has unequivocally stated it will not honor any agreement reached in Washington. Analysts caution that an immediate ceasefire remains unlikely. A U.S. official noted Israel’s focus on disarmament and skepticism about Beirut’s capacity to deliver. Meanwhile, the battle for the strategic southern town of Bint Jbeil is seen as a potential barometer for the talks: if Israeli forces capture the town, they may harden their demands; if Hezbollah holds, it could bolster Lebanon’s negotiating position. For now, Hezbollah remains defiant, with Qassem Naim declaring, "We will not rest, stop or surrender; the battlefield will speak for itself."
#israel #lebanon #hezbollah
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