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The Unexpected Borrowing Surge The UK government's borrowing hit a second-highest level for April on record, with a £24.3bn deficit in the UK's finances last month. This exceeded expectations, with a poll of economists by Reuters suggesting a £20.9bn deficit for the month. Economic Implications The higher-than-expected borrowing will be unwelcome news for Chancellor Rachel Reeves, as the government braces for the full effect of the energy shock in the Middle East and grapples with uncertainty around Keir Starmer's leadership. Retail Sales Drop Retail sales volumes dropped 1.3% in April, with fuel sales down 10% as drivers cut back on purchases. This compares with an expected fall of 0.6%, according to Reuters. Expert Insights Grant Fitzner, chief economist at the Office for National Statistics, noted that borrowing this month was substantially higher than in April last year, despite increased receipts. Future Outlook Economists warn that public finances are likely to get worse, with Thomas Pugh, chief economist at RSM UK, predicting that government borrowing will soar past the £115.5bn expected for this financial year.

The LeadA friend of mine was recently left in tears after filling up the car she relies on to drive to work. Thanks to the US-Israeli attacks on Iran, prices at the pumps have soared. She wasn't sure how her family was going to make it to the next paycheck.It is a personal story and a distressing one, but the big picture is truly obscene. Fossil fuel companies are raking in monstrous, unearned war profits taken from the pockets of people like you, me, my friend, and any of us who fills up a vehicle or pays an energy bill.The War-Profits Bonanza$30m an hour: that's the pure, unearned profits banked by the world's top 100 oil and gas companies in the first month of the conflict in Iran, purely due to the spike in the oil price. Now the first numbers are in, and that $30m may have been a major underestimate.Shell's profit for the first three months of 2026 more than doubled to $6.9bn, as did BP's, to $3.2bn. TotalEnergies profits also surged by more than 50%, up to $5.8bn. Even in the Gulf itself, where the flow of oil through the strait of Hormuz has been heavily restricted, some companies have still flourished. Aramco, the state oil company of Saudi Arabia, saw its profits soar by 26% to $33.6bn in the first quarter.The Financial Impact on ConsumersThose four companies alone, benefiting not just from the oil price hike but also bumper oil-trading profits, made $23m an hour for the whole of January, February and March. And the Iran conflict only started on 28 February.To get some idea of the scale of this, imagine I gave you $6,200. What would you do? Pay off a loan? Book a fancy holiday? A second later, I give you another $6,200; then again, for hours, weeks and months. That is the rate of profit of just those four companies.There is plenty more to come for the industry. Oil and gas supplies will take months to return to prewar levels, and reserves are getting dangerously low. Even if the oil price remains at today's level of about $100 a barrel, those 100 companies will make $234bn by the end of the year. Remember, the companies, and petrostates such as Russia, have done no extra work for this, just ridden a soaring oil price. Also remember, you are paying for this. Where I live in the UK, household energy bills are about to jump by £209 ($280) a year for the average home.The Industry's Climate ObstructionThe profits are extreme, but not new: big oil and gas has been wildly profitable for decades. It has made an average $1tn a year in pure profit for about 50 years. The fossil fuel sector also benefits from explicit subsidies that totalled $1.3tn in 2022, according to the International Monetary Fund.These riches have funded the lobbying and campaigns that block climate action and have done so for years, long after the science became crystal clear. As an example of the consequences, the UK's official climate advisers said on Tuesday that all care homes and hospitals will need air conditioning within the coming 10 years, to stop the heat killing people.The Green Transition AccelerationBut here's that silver lining I promised: these peak profits contain the seeds of their own downfall. Sky-high fossil fuel prices are pushing people, companies and nations to supercharge their rush towards green power for the simple reason that it is now cheaper and more reliable. Solar power does not need to transit through the strait of Hormuz, as Bill McKibben has observed.The numbers on the surge in renewable energy deployment, already exponential, are not yet in, but they will almost certainly be huge. Green funds are already attracting billions of dollars in new investments and one consultancy estimates that an oil price of $100 a barrel will drive $4tn of extra green investment by 2030.Big oil remains a formidable political force but, on the ground, people are already voting with their feet. Sales of new electric cars in the UK leapt by 59% in April, for example. The pain and anger of today's energy crisis may yet become a critical turning point in confronting the climate crisis.

The Lead The Royal Exchange's 50th anniversary season production, 'Even These Things', is a bold attempt to encapsulate the complex history of Manchester. The play explores themes of identity, community, and belonging through three seemingly unrelated scenes. MAPPING MANCHESTER'S HISTORY The play is built from three scenes, each set in a different time period. The first scene is set in 1846 and features a heavily pregnant Irish immigrant, Annie Donovan, who brushes shoulders with Friedrich Engels on her way to a fist fight. The second scene is set in 1996 and describes the city-centre life of an ordinary Saturday, with a community cast playing out whimsical vignettes. The final scene takes place after the IRA bomb outside the Arndale Centre and features a tender exchange between two strangers of Irish heritage. THE POWER OF COMMUNITY The play's cumulative meaning may be tricky to grasp, but as the scenes rub up against each other, what emerges is a thoughtful, rich and complex picture of home. The connections between the scenes are elliptical, but they ultimately reveal a city with a shared history and a strong sense of community. THE FUTURE OF MANCHESTER The play suggests that, however difficult, a future is possible. The final scene's chat about miscarriage and childbirth between two strangers of Irish heritage meeting in the park some months after the attack on an Ariana Grande concert brought the city together, implies that the city can heal and move forward. CONCLUSION 'Even These Things' is a bold and ambitious production that successfully maps Manchester's complex history. The play's themes of identity, community, and belonging are timely and thought-provoking, making it a must-see for anyone interested in theatre and the city of Manchester.

The Ongoing Mediation Efforts Iran's ISNA news agency reports that mediated discussions between Tehran and Washington are ongoing, with both sides exchanging messages and draft texts to establish a formal framework for an agreement to end the conflict. Al Jazeera's correspondent in Tehran notes that Pakistani officials are engaged in “intense mediation activity”. The Prospects for a Deal A senior Iranian official indicates that a deal is close, but a second Iranian source cautions it's too early to say whether a final agreement can be reached. The Role of Pakistan in Mediation Pakistani officials are playing a key role in the mediation efforts, with “intense mediation activity” reported. The Future Outlook While progress is being made, the path to a final agreement remains uncertain.

The Deadly Attacks in Honduras Two incidents of gun violence have shaken Honduras, killing at least 16 people in the Central American country. On Thursday, gunfire was first reported on a remote palm farm in Rigores, part of the municipality of Trujillo in the country’s north. The Attack on the Palm Farm A spokesperson for Honduras’s National Police, Edgardo Barahona, said that as many as 10 workers were shot dead at the site, though the number is expected to rise. Barahona explained that some distraught family members had come to collect their loved ones’ bodies before investigators could secure the crime scene. Local media indicated that armed suspects fired indiscriminately on labourers, including some who had gathered at a local church. Photos showed bodies, some wearing thick rubber boots for work, strewn on the ground outside. According to one report, three sisters were among the dead. The Ambush of Police Officers Separately on Thursday, a second deadly incident unfolded in another part of northern Honduras, the Cortes department, near the border with Guatemala. In that case, police officers had travelled from the capital Tegucigalpa to Omoa, in Cortes, to carry out an anti-gang operation. But authorities describe what happened next as an ambush. According to reports, the officers entered a building to search for suspects and were fired upon. Six officers were killed, including a deputy commissioner named Lester Amador, according to the National Police. They were from the Anti-Maras, Gangs and Organised Crime Police Directorate (DIPAMPCO), a unit within the police force. Suspects may have also been killed or injured in the attack. The Government's Response After the two attacks, the National Police issued a statement, saying it “will proceed immediately with a direct intervention in the affected areas”. “The state will act firmly to capture those responsible, protect vulnerable communities and guarantee comprehensive justice for all affected victims,” it added. Honduras was under a years-long state of emergency to combat crime starting in 2022. Critics, however, denounced the emergency measures as weakening civil liberties and awarding law enforcement inordinate power, allowing it to carry out human rights abuses.

Welbeck and Seagulls Push for Europe Brighton must overcome Manchester United on the final day to secure a place in Europe for the second time in their history. Danny Welbeck could be key against his former club, having enjoyed his most prolific season with 13 league goals. The Battle for the Wooden Spoon Burnley and Wolves face off in a match that will determine which team finishes 19th and receives £2m in prize money. Both teams have had a disappointing season, but a win for either side could move them off the bottom of the table. A Carnival Atmosphere at Selhurst Park Crystal Palace host Arsenal in a match that promises to be a celebration of the Gunners' Premier League title. Manchester City's failure to beat Bournemouth means that Arsenal can now focus on their upcoming Conference League match. Fulham in Mendes Merry-Go-Round? Could this be Marco Silva's final match in charge of Fulham? The manager has been linked with Benfica, and his departure could trigger a series of moves involving other top players. Liverpool Exits and a Return Liverpool host Brentford in a match that will see several players say goodbye to Anfield. Mohamed Salah and Andy Robertson are among those departing, while Jordan Henderson returns to the stadium with his new club. The Manchester City Farewells Manchester City's final match of the season will see Pep Guardiola and several key players say goodbye to the club. The team has dominated English football for over a decade, and their departure will be felt across the league.

The Diplomatic Warning The high representative overseeing the United States-founded Board of Peace for Gaza, Nickolay Mladenov, has warned that the deteriorating status quo in the devastated Palestinian enclave risks becoming "permanent." Speaking to the United Nations Security Council (UNSC), Mladenov presented a roadmap detailing obligations for Israel and Hamas to implement a permanent ceasefire. "Let me say this clearly: the implementation cannot advance through Palestinian obligations alone," Mladenov said, speaking via video call. "The continued killings and Israeli restrictions affecting humanitarian flows are not abstract issues." He urged the UNSC to use "every means at its disposal" to press Hamas to disarm, while also saying that Israel must uphold its commitment under a ceasefire agreed in October. The Humanitarian Crisis The war that Israel launched following the October 7, 2023 attacks on southern Israel by Hamas and other armed Palestinian groups was halted by a ceasefire in October 2025. More than 72,775 Palestinians have been killed in the conflict. But the Israeli military maintains a strict security regime, and many hundreds more have been killed in the past seven months. Conflict monitors warn that since the ceasefire in the US-Israel war on Iran was struck last month, Israeli bombardment of Gaza has accelerated. Violent raids by settlers and the military in the occupied West Bank have also been increasing. On Thursday, an Israeli drone attack killed a 26-year-old in Gaza's al-Mahatta area, east of Deir el-Balah city, according to Wafa news agency. The Stalled Peace Process In January, the US announced that the Gaza "ceasefire" was moving to phase two, which is supposed to focus on Hamas's disarmament, long-term governance and the establishment of a panel of Palestinian technocrats to lead post-war Gaza. It also calls for the gradual retreat of the Israeli army, which still controls more than 50 percent of the Palestinian territory, and the deployment of an international stabilizing force. But with the war in Iran drawing the world's attention amid a global energy crisis, the transition to the second phase has been stalled for weeks. Mladenov, a veteran Bulgarian diplomat, warned of the risks of inaction by both parties. The Regional Implications "The risk is that the deteriorating status quo becomes permanent: a divided Gaza, Hamas holding military and administrative control over two million people across less than half the territory," Mladenov said. "Those people are likely to remain trapped in the rubble, dependent on aid with no meaningful reconstruction, because reconstruction financing will not follow where weapons have not been laid down." "And the result? Another generation growing up in tents in fear, with despair as the most rational thing for them to feel." This, he said, is a scenario that Israelis, Palestinians and the region "should all fear and mobilize to avoid."

The Star's Impactful Performance Cristiano Ronaldo scored twice as Al-Nassr clinched the Saudi Pro League title with a 4-1 win over Damac, ending his long wait for domestic silverware. Ronaldo's Road to Glory A trademark free-kick and a close-range finish, both in the final half-hour of Thursday’s game, sealed the win Al-Nassr needed on the last night of the season, with Al Hilal finishing just two points behind. Career Milestones and Achievements Ronaldo, 41, who was without a major club trophy since winning Serie A with Juventus in 2020, arrived in the oil-rich desert kingdom to great acclaim in 2023. He adds the Saudi championship to his English, Spanish and Italian titles and five Champions League medals. Ronaldo opened the door to a series of big-money Saudi signings when he joined Al-Nassr in January 2023, following an unhappy second spell at Manchester United. The Future of Saudi Football Next up for the all-time leading men’s international goalscorer, with 143 goals, is a sixth crack at the World Cup after he was named in Portugal’s squad this week. League and Player Statistics Ronaldo was the Pro League’s top scorer in his first two seasons, with his career tally now at 973 – tantalisingly close to the 1,000-goals milestone. Challenges and Controversies His Saudi stint has not always been smooth. In 2024, he was left in floods of tears when Al-Nassr lost the King’s Cup final to Al Hilal on penalties, denying him his first Saudi title. This season, he disappeared from Al-Nassr’s lineup for three games in an apparent protest at Benzema’s transfer to rival team Al Hilal.

Alec Segaert stole a march to win stage 12 of the Giro d’Italia on Thursday and his Bahrain Victorious teammate Afonso Eulálio snatched bonus seconds in the intermediate sprint to extend his overall lead.Stage 12: Segaert’s Late Attack Secures VictoryThe 175 km ride from Imperia to Novi Ligure looked set for a sprint finish until the Belgian rider launched his move with 3 km remaining. He held off the chasing pack to take the win on his Giro debut, edging out compatriot Toon Aerts (Lotto‑Intermarche) who claimed second, and former race leader Guillermo Thomas Silva (XDS Astana Team) in third.Time Gains and Bonus Seconds: Quantifying the Lead ShiftEulálio earned an extra 6 seconds at the intermediate sprint, widening his gap over favourite Jonas Vingegaard to 33 seconds.The stage featured a decisive climb at Colle Giovo, where Movistar’s pace brought the peloton back together.Key breakaway rider Johan Jacobs remained over two minutes ahead after 100 km, but was eventually caught.Strategic Implications for Bahrain Victorious and the General ClassificationThe dual success underscores Bahrain Victorious’s tactical acumen. Segaert’s attack forced rival teams to chase, while Eulálio’s bonus seconds reinforce his position as the pink‑jersey holder, putting pressure on Vingegaard and other GC contenders.What This Means for the Rest of the GiroWith the race now entering its second week, the time gaps are tightening. Teams that missed out on stage wins, such as Movistar, will need to animate the race on upcoming climbs to challenge the Bahrain duo.Looking Ahead: Stage 13 and the Battle for PinkFriday’s stage 13 will cover 189 km from Alessandria to Verbania, featuring another climb that could further test the resilience of the GC leaders. All eyes will be on whether Eulálio can defend his lead or if a new attacker, perhaps Segaert, will emerge to reshape the podium.