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The Surge in Anti-Foreign Business ViolenceSouth Africa is currently facing a wave of violent attacks targeting foreign-owned shops and businesses, with reports of looting, arson, and intimidation spreading across several provinces. The violence, which appears to be fueled by xenophobic sentiments, has raised serious concerns about the safety of immigrant entrepreneurs and the stability of local markets.Escalating Attacks on Immigrant-Owned EnterprisesThe recent spate of violence has seen numerous foreign-owned retail establishments being targeted, with many shopkeepers reporting threats and physical attacks. Witnesses describe coordinated attacks where groups of individuals descend on shopping areas, systematically targeting businesses owned by immigrants from other African nations. South African authorities have deployed additional police forces to affected areas, but the violence continues to flare up in different regions.Economic Toll of the UnrestThe attacks are taking a significant economic toll, with estimates suggesting millions of dollars in damages to foreign-owned businesses. Shop owners report complete losses of inventory and property, with many fearing they may never be able to reopen. Local economies in affected areas are also suffering, as these businesses often serve as vital retail hubs for surrounding communities, providing essential goods and services.Regional Implications and Social TensionsThe violence against foreign-owned businesses is exacerbating already strained social relations in South Africa. The attacks reflect deep-seated economic frustrations and xenophobic attitudes that have been building for years. This situation threatens South Africa's reputation as a relatively stable economy in the region and could impact diplomatic relations with neighboring countries whose citizens are being targeted.Path Forward for Business Safety and Community RelationsExperts predict that without immediate intervention, the violence could escalate further, potentially leading to broader social unrest. Government officials are calling for dialogue between local communities and foreign business owners, while also addressing the root economic grievances that fuel such attacks. Long-term solutions may include better economic opportunities for local populations and strengthened protection for all businesses regardless of ownership nationality.

An archive of more than 30,000 emails handed to Buckingham Palace in 2020 appears to show Prince Andrew sharing confidential government trade information while serving as a trade envoy, according to the BBC.Archive of Emails Suggests Prince Andrew Shared Confidential Trade BriefingsIn May 2020 the lord chamberlain received an archive of 30,000+ emails from the account of British businessman Jonathan Rowland.The emails span correspondence up to June 2013, covering the period when Prince Andrew was an appointed trade envoy.Documents indicate the prince passed Treasury briefings on the 2010 Icelandic financial crisis to Rowland, urging him to act before the information became public.The cache was obtained by Kevin Stanford, former majority owner of All Saints, during a separate legal dispute involving investments in the failed Kaupthing Bank.Scale of the Disclosure: 30,000 Emails, £12 million Settlement, and International LinksMore than 30,000 emails were transferred to the palace, but the full content remains undisclosed.Prince Andrew previously paid an out‑of‑court settlement to Virginia Giuffre estimated at £12 million in 2022.The emails also mention connections to Luxembourg‑based Banque Havilland (formerly Kaupthing’s Luxembourg arm) and investigations by authorities in Monaco and Luxembourg.Thames Valley Police have issued a fresh appeal for information and may also probe alleged sexual misconduct linked to the Royal Ascot incident.Potential Fallout for the Monarchy and UK Trade PolicyThe palace has declined comment, citing an “ongoing police inquiry,” highlighting the sensitivity of the matter.If the emails confirm misuse of confidential briefings, it could trigger a review of the royal household’s oversight of non‑working royals.Government officials may face scrutiny over the appointment process for trade envoys and the handling of classified information.International partners, especially in the EU and Monaco, could reassess diplomatic engagements pending the outcome of investigations.Future Legal and Reputational Risks for Prince Andrew and the PalaceContinued police investigations could lead to formal charges of misconduct in public office.Further revelations may revive media scrutiny and public pressure for the prince to relinquish remaining royal duties.The palace may need to implement stricter protocols for handling external communications from senior family members.Long‑term reputational damage could affect the monarchy’s standing domestically and abroad, influencing future royal patronage and charitable work.

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.

The Inflation Conundrum For such an uncannily successful politician, Donald Trump exhibits a perplexing political myopia. His most recent own-goal was endorsing Ken Paxton, a state attorney general, against four-term senator John Cornyn in the Republican primary for Senate in Texas. Trump's Inflationary Gambits What truly screams “I want us to lose the midterms” is what Trump is doing about inflation, which is becoming his most vulnerable issue. According to a New York Times/Siena poll of registered voters earlier in May, Trump’s approval on handling the cost of living is underwater by 42 percentage points. The Data Analysis Inflation rose at the fastest pace in three years in April, driven by the Iran war and other factors. The nationwide average price of regular gasoline is hovering around $4.50 a gallon, about $1.30 higher than a year ago. Consumer prices increased 3.8% in the year to April, their highest annual rate in two years. The Impact Analysis People’s attitudes about inflation are difficult to parse. They think less about the alphabet of indices policymakers focus on, such as CPI and PCE, and more about how much the price of eggs and gas have risen since they last remembered. The Prediction This may not be statistically robust, but since George HW Bush lost to Bill Clinton in 1992, there has been only one presidential election in a year with inflation as high as it is today. The incumbent, George W Bush, lost to Barack Obama.

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 Lead: This Week's Entertainment HighlightsThis week's entertainment landscape offers a diverse array of critically acclaimed shows and films, from hilarious comedies to chilling horror. Channel 4's "Make That Movie" stands out as one of the funniest shows of the year, while Netflix's "The Four Seasons" returns with a brilliant second season. Horror fans can explore the disturbing world of "Backrooms," while Marvel offers a stylish take with "Spider-Noir."TV Comedy Gold: Make That MovieChannel 4Summed up in a sentence Last One Laughing finalist delivers one of the funniest shows of the year, with this mockumentary about a director who makes awful films.What our reviewer said "So ostentatiously silly that it deserves to be paraded around the streets." Stuart HeritageRead the full reviewFurther reading "People are like: you're a crackpot": how Sam Campbell became comedy's oddball superstarNetflix Triumph: The Four Seasons ReturnsNetflixSummed up in a sentence Tina Fey triumphs again with the return of this comedy about a group of middle-aged friends who reunite during holidays throughout the year.What our reviewer said "Even more perspicacious, poignant and hilarious than the first." Chitra RamaswamyRead the full reviewMarvel's Stylish Take: Spider-NoirPrime VideoSummed up in a sentence In Marvel's witty homage to the hard-boiled films and fictions of the 40s – which can be watched in colour or black-and-white – Nicolas Cage plays Ben Reilly, who gave up being superhero "the Spider" five years ago.What our reviewer said "Everything is shot with style and confidence." Lucy ManganRead the full reviewFurther reading The life of PIs: the strange case of 2026's resurgence of hard-boiled detectivesHidden Gem: PoniesNow/Sky AtlanticSummed up in a sentence Emilia Clarke and Haley Lu Richardson have heaps of fun as two widows who become cold war spies in this espionage comedy-drama.What our reviewer said "It's a mashup of genres and tropes, but it is its own thing too – and an unexpected treat at that." Lucy ManganRead the full reviewHorror Innovation: BackroomsIn cinemas nowSummed up in a sentence A debut from 20-year-old director Kane Parsons that examines memory, reality and fear in an icily disturbing horror, in which Chiwetel Ejiofor accesses an infinite series of hidden rooms that all feel creepily askew.What our reviewer said "Backrooms progressively raises its game towards the big finish with jump scares, squirm scares and tiny shiver scares. There is real fascination in exploring this vast, invisible city state of fear." Peter BradshawRead the full reviewFurther reading Are you sitting uncomfortably? How Backrooms upended the horror movieMusic and Bromance: Power BalladIn cinemas nowSummed up in a sentence Nick Jonas and Paul Rudd star in a comedy of bromance and betrayal from Irish writer-director John Carney that brilliantly brings together Rudd's washed-up wedding singer and Jonas's insecure ex-boyband superstar.What our reviewer said "Power Ballad is about making it and dreaming big, about every busker never giving up on hopes of one day being mega. But as so often with Carney, it's about something else, usually left unacknowledged in movies about music or any sort of show business: the terrible binary of success and failure." Peter BradshawRead the full reviewUnexpected Pairing: TunerIn cinemas nowSummed up in a sentence Playing a piano tuner with super-sensitive hearing, Leo Woodall's relationship with Dustin Hoffman is a tender highlight in this safe-cracking thriller.What our reviewer said "What a pair they are; they are a real pleasure to watch in an easy, unforced drama that mixes romcom moments with a relaxed crime thriller. It's like the Safdie brothers in chill-out mode." Cath Clarke

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.

The Soho Society's New Licensing Mandate A society of residents funded by the council could “destroy Soho’s reputation on the international stage” as London’s entertainment district by ferociously objecting to all new bar and restaurant licences, operators in the area have said. The Soho Society, a group of residents established in 1972 aimed at “preserving the character of Soho”, voted in its AGM on Thursday for a new licensing mandate, meaning it will challenge all new applications for bars and restaurants in the area, including renewals of existing licences. The Impact on Businesses and Jobs The society claims the area in central London has seen an intensification of nightlife and unacceptable noise, as well as crime and litter caused by a proliferation of late-night revellers. However, business owners argue that this could strangle small businesses and limit job opportunities for young people. Rupert Power, the owner of Sophie’s, a steak restaurant, and the underground jazz bar Jack Solomons, both on Great Windmill Street, chairs the Soho business alliance, which is made up of 150 small companies. The Data Analysis The Soho Society is estimated to represent about 10% of the district’s residents. A report by the former cabinet minister Alan Milburn said a lack of hospitality jobs was contributing to high youth unemployment in Britain. The UK has the third-highest rate of 16- to 24-year-olds who are not earning or learning among rich European countries. The Impact Analysis The new mandate means it will be very difficult for businesses to open or expand in the area. Philip Kolvin KC, a planning lawyer, said the mandate would cover “pretty much the whole gamut of licence applications, so that rather than promoting innovation and diversity, it stymies it”. This could lead to delayed licensing applications, spiralling legal costs, and development contracts facing expiry. The Prediction Business owners and experts warn that the Soho Society's actions could have a negative impact on Soho's reputation and the local economy. Power added: “It is strangling small businesses, meaning there are less hours and jobs for young people to work. I really worry for young people. To have a minority be in a position of stifling growth that is funded by the council is not ideal.”