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US investors are making significant inroads into Indian cricket, with two separate deals worth a combined $3.41 billion being announced on the same day for teams in the Indian Premier League (IPL).The deals involve the acquisition of the Rajasthan Royals for $1.63 billion by a consortium backed by US businessmen Kal Somani and Rob Walton, the former Walmart chairman. Additionally, the reigning champion Royal Challengers Bengaluru was bought for $1.78 billion by another consortium that includes US billionaire David Blitzer’s Bolt Ventures and US asset manager Blackstone.These transactions underscore the increasing allure of India’s national pastime among international investors seeking to tap into the most popular sport in the world’s most populous country. The valuations for the two teams represent a substantial jump from their original 2008 sales, when liquor baron Vijay Mallya bought RCB for $111.6 million, and Rajasthan sold for $67 million.The IPL, which features the sport’s shortest format called Twenty20, has developed into cricket’s hottest property. In 2022, the broadcast rights for the 2023-27 cycle were bought for $6.4 billion by Disney Star and Reliance Viacom18.“It’s mind-boggling numbers,” Indian cricketing great Sourav Ganguly told local reporters. “But great news for Indian cricket and the way forward. I think it’s already as big as the NBA.”Sport teams overall have become a major target of global investments, as businesses try to tap into new markets abroad and spending from their fan bases. Deloitte analysts wrote in an outlook published last month that the industry is “entering an age of expansion” — and that private equity deals across sports leagues have jumped in recent years.

Kuala Lumpur, Malaysia – For over a decade, Sanjeet, a business consultant from India, considered Malaysia his home. Having grown comfortable with the country's climate, people, and lifestyle, he had begun planning long-term investments, including property purchases.However, recent government initiatives to reduce Malaysia's reliance on foreign workers have abruptly disrupted these plans for Sanjeet and thousands of other expatriates. Starting June, minimum salary requirements for foreign workers will increase by up to 100%, while their maximum permitted stay will be limited to five or ten years."What was surprising was that this came out of the blue," Sanjeet, who requested to use a pseudonym, told Al Jazeera. "It does leave room for doubt in terms of long-term plans, which include things like buying a house or car here."Malaysia has long been an attractive destination for foreign labor, with approximately 2.1 million documented foreign workers currently in the country. While many take on manual labor at the minimum wage of 1,700 ringgit ($430) monthly, a smaller but significant pool of around 140 highly-paid expatriates contributes substantially to the economy.In 2024, Home Affairs Minister Saifuddin Nasution revealed that these high-salaried expatriates injected about 75 billion ringgit ($19 billion) into the domestic economy annually while contributing approximately 100 million ringgit ($25 million) in taxes.The government's latest five-year national strategy, released in 2025, warns that Malaysia's "continuous reliance" on low-skilled foreign workers has hampered technological adoption and created "ripple effects" in the labor market, including wage distortions and slow productivity growth.To address these concerns, authorities aim to reduce the foreign workforce proportion from 14.1% in 2024 to just 5% by 2035. This ambitious target is supported by new minimum salary requirements that will see thresholds increase from 10,000 to 20,000 ringgit ($2,500 to $5,000), 5,000 to 10,000 ringgit ($1,260 to $2,520), and 3,000 to 5,000 ringgit ($760 to $1,260) for different work permit categories.UK native Thomas Mead, a 28-year-old wealth manager who recently purchased property in Kuala Lumpur, expressed shock at the sudden policy changes. "However, the jump from RM10,000 to RM20,000 was quite a shock," he said, noting that some expatriates are already considering relocation options despite their reluctance to leave.The policy changes are also raising concerns among businesses. Douglas Gan, a Singaporean founder of a venture capital fund with Malaysian portfolio companies, warned that the new rules would drive up costs and make it challenging to recruit specialized talent. "If salaries increase to 10,000 ringgit, companies definitely won't bring them here," he said, advocating for a more tailored approach rather than a "blanket solution."Leonardo, an Indonesian professional working in Malaysia's computer games sector, faces downgrading to a lower employment pass category under the new rules, potentially jeopardizing his plans to bring his mother to live in the country. "My mum is alone and living in Indonesia. There was a thought that if I could settle here, I could bring her over," he said.Economic analysts caution that the success of these policies depends on Malaysia's ability to develop its local workforce. "The long-run gain depends less on blocking expats and more on whether Malaysia can actually supply the skills," said Wan Suhaimie, head of economic research at Kenanga Investment Bank. He emphasized that foreign workers on mid-tier employment passes are not extravagant hires but "core managers, engineers and specialists."Anthony Dass, CEO of FSG Advisory, noted that while the measures align with strengthening the local talent pipeline, their effectiveness will depend on complementary reforms in capability building and industry upgrading.As these policies take shape, expatriates like Sanjeet are already considering alternatives. "If Malaysia pursues these policies without a comprehensive rationale, then people like me will look for alternatives such as Vietnam, Thailand and elsewhere, which have favourable policies for expats," he concluded.

Gio Reyna has expressed his gratitude and determination to repay Mauricio Pochettino's faith in him as the US national team prepares for friendlies against Belgium and Portugal. Reyna's call-up to the team may have come as a surprise to some, given his limited playing time at Borussia Mönchengladbach this season, with only 13 appearances and 26 minutes played since January. Reyna has faced challenges with injuries and attitude concerns, including a perceived lack of effort in training during the 2022 World Cup in Qatar. However, Pochettino seems to be making an exception for Reyna, who impressed in the USMNT's November friendlies against Paraguay and Uruguay. Reyna contributed a goal and an assist in those matches, showcasing his talent and potential. “We really know he's a very talented and very special player,” Pochettino said. “To give the possibility, even if he's not playing too much in his club, it can be very useful for us.” Reyna praised Pochettino, saying they have a great relationship and that the coach keeps the team's energy and vibes positive. With the World Cup approaching, Reyna's spot on Pochettino's 26-man roster appears secure. However, his playing time remains uncertain, as he competes with Malik Tillman and Diego Luna for a spot in the lineup. Despite this, Reyna exuded positivity, saying he feels confident and appreciated by the staff, who encourage him to enjoy his game and play with freedom.

The ongoing energy crisis in Britain has exposed the consequences of successive governments' reliance on short-term, vote-winning policies, leaving the country vulnerable to strategic coercion, particularly in the energy sector. Britain has significant potential in tidal stream energy, with about 50% of Europe's tidal resources available within its territorial waters. This energy source is predictable, inexhaustible, and can be operational within three years of consent, independent of global energy prices and weather variability. Despite its potential, government support for tidal stream energy remains a tiny fraction of that provided to offshore wind, well under 1%. With stronger support, its costs could fall to parity with wind within five years. Operational projects in Scotland have already generated more than 70 GWh, while costs are falling by around 17% a year. The constraint on tidal stream energy is not technical, but political short-termism. It is time for the government to act and provide stronger support for this industry. Additionally, the article suggests that rooftop solar and battery storage can be encouraged to provide more renewables without blighting the countryside. An obligation can be put on energy companies to encourage their customers to install solar, and customers can be encouraged to include battery storage with the solar panels. Over time, this can lead to grid-level storage hosted over the whole grid, providing resilience for the energy companies and a way for renewables to provide many of the UK's energy needs.

The UK government has unveiled a new policy to prioritise British suppliers for public contracts in key sectors deemed vital to national security. Shipbuilding, steel, AI, and energy infrastructure will be the primary areas where British suppliers will be given preference. Under the new guidance, departments will be required to use British steel or justify sourcing it from overseas. This move is part of a broader effort to bolster national security and economic resilience, particularly in the face of global supply chain disruptions highlighted by the war in the Gulf. A Public Interest Test will also be introduced, obliging departments to assess whether outsourced service contracts over £1m could be delivered more effectively in-house. This test is expected to cover more than 95% of central government contracts by value. Chris Ward, a Cabinet Office minister, emphasised that these reforms aim to support British jobs, protect national security, and grow the economy. The policies are part of the National Security Strategy, which seeks to align national security with economic growth and build the resilience of British supply chains. While the UK is still subject to international obligations such as the Agreement on Government Procurement (GPA) – World Trade Organisation (WTO) rules, national security exemptions are being utilised to implement these new rules. Larger departments spending over £100m annually will need to publish an “insourcing” strategy, outlining plans to bring services back in-house where they offer better value. The government will also prioritise community impact in buying decisions, encouraging firms to demonstrate how their bids will create local jobs and apprenticeships. Additionally, a new suite of AI tools has been developed to streamline the commercial process, making it simpler, faster, and fairer for small businesses and charities to bid for work.

The deadly conflict in Iran has precipitated what the International Energy Agency describes as the worst oil crisis in history, creating a complex situation for global clean energy efforts. While climate advocates are calling for accelerated transition away from fossil fuels, the war simultaneously presents both opportunities and significant challenges for renewable energy development.US-Israeli strikes on Iran have critically disrupted supply routes through the Strait of Hormuz, a maritime channel through which 20% of global oil flows. The conflict has also seen direct attacks on fossil fuel infrastructure by all parties involved, creating additional market shocks and uncertainty.Interestingly, reduced reliance on oil and gas is proving beneficial for some regions navigating the ongoing fuel crisis. As Jan Rosenow, a professor of energy at Oxford University, explains: Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free.Countries with substantial renewable energy investments are demonstrating greater resilience. Spain and Portugal have witnessed electricity prices decline in recent weeks, while Pakistan has experienced a surge in rooftop solar installations over the past five years, helping the nation weather oil and gas market disruptions.The electric vehicle revolution is also providing some economies with protection against gasoline price increases. In China, more than 50% of all new cars sold are electric, while in Nepal, that figure reaches an impressive 70%.However, the war is creating near-term challenges that could impede clean energy growth. The conflict has disrupted transport routes for metals essential in solar panel construction, particularly aluminum. The Middle East accounts for approximately 9% of global aluminum production, and regional producers have begun scaling back operations amid the hostilities.Furthermore, the inflationary pressures stemming from the conflict pose significant hurdles for renewable energy projects, which require substantial upfront investment for construction, equipment, and installation.Paradoxically, the war and resulting energy shocks have provided a short-term boon for fossil fuels, including coal. Many Asian countries heavily reliant on imported liquefied natural gas (LNG) are burning more coal to meet energy demand as LNG supplies through the Strait of Hormuz become constrained.The conflict has also incentivized increased oil and gas drilling and exploration, as countries scramble to replace disrupted LNG supplies and higher prices make previously unviable projects economically viable. US company Venture Global recently announced a new five-year contract to supply LNG, while Canadian energy company TC Energy indicated that Iran war disruptions are increasing the likelihood of expanding a massive LNG export facility.The Trump administration has further incentivized oil expansion, recently announcing plans to pay a French company $1 billion to abandon offshore wind farm projects in favor of fossil fuel initiatives.Experts propose various policy responses to encourage the green transition during this crisis. Rosenow advocates for tax reform to reduce the disproportionate burden on electricity compared to gas. Professor Gregor Semieniuk suggests imposing windfall taxes on oil and gas companies during the war, while Lauren Pagel of Earthworks calls for ending fossil fuel subsidies and making polluters pay for their environmental impact.Despite the current challenges, Kingsmill Bond, a strategist for the energy thinktank Ember, maintains that this crisis could ultimately accelerate the clean energy transition: This is the first oil shock in history where oil faces a superior alternative. Solar, wind and EV are cheaper, local, faster to deploy, and huge.

Retailer Next has reported a £1.16bn pre-tax profit for the full year, with the Middle East conflict expected to add only £15m to fuel and air freight costs. This amount, which assumes a three-month disruption, is considered minimal and can be offset by savings elsewhere.Chief Executive Simon Wolfson added £8m to this year's profit forecast as a mechanical read-through from last year's outcome, indicating that trading had been “encouraging” in the UK and “strong” overseas until late February.The main concern for Next is the potential long-term impact of the conflict on supply chain resilience, freight rates, factory gate prices, and consumer demand. Wolfson emphasized that the company has no insight into the duration and implications of the conflict, stating, “As yet, we have no feel for the medium-term effects”.If higher costs persist, Next may put up prices, but this remains “a contingency, not a plan”. The company will provide a clearer view in its first-quarter update in May.Wolfson also offered nuanced insights, suggesting that consumer confidence may not have collapsed as much as some, like the British Retail Consortium, have claimed. He noted that UK consumers tend to react to actual higher prices, not the threat of them.Additionally, Next's spring-summer ranges are already in stores, online, and warehouses, minimizing the immediate need for adjustments. Any increases in fabric costs or production disruptions in Asian factories would mostly affect autumn-winter ranges.The stock market responded positively, with Next's shares rising 5% to £125.40. This resilience could indicate potential for a profit upgrade in May if the £15m in extra costs turns out to be the worst of it.However, no retailer will be immune if the energy price shock persists and the OECD's prediction of UK economic growth of just 0.7% this year materializes.

In a powerful display of solidarity and a quest for peace, mothers from Israel and Palestine recently gathered for a barefoot walk. This event, marked by a simple yet profound act of walking barefoot, aimed to transcend the complexities and conflicts that have long divided these two nations. The walk, undertaken by mothers from both sides, is a poignant reminder of the universal values of motherhood — love, care, and the desire for a safe and secure future for their children. By choosing to walk barefoot, these women symbolically expressed their shared humanity and their collective yearning for peace. Such initiatives are crucial in fostering dialogue and understanding between communities in conflict. They highlight the role that ordinary people, particularly women, can play in bridging divides and advocating for peace. The barefoot walk serves as a testament to the power of grassroots movements in promoting peace and reconciliation. As the world continues to grapple with conflict and division, the actions of these Israeli and Palestinian mothers offer a beacon of hope. Their courageous stand for peace underscores the importance of people-to-people diplomacy and the need for continued efforts towards achieving lasting peace in the region.

The Financial Conduct Authority (FCA) has accused Crispin Odey, a former hedge fund manager, of attempting to manipulate a victim of sexual assault into silence. According to evidence presented in court, Odey sent a text to his former employee in January 2022, warning her that the FCA could question her about him.Odey, who has previously accepted that he groped the woman without her consent in 2005, claimed he was under the influence of sedatives at the time. He now faces a number of sexual harassment allegations and has launched a £79m libel lawsuit against the Financial Times.The FCA's lawyer, Clare Sibson, argued that Odey was trying to manipulate the victim into silence and had a clear motive to discourage her from providing her account to the FCA. Odey, however, claimed he only wanted to ensure the woman would "tell the truth".The hearing continues, with Odey hoping to overturn the FCA's decision to ban him from the UK's financial services industry. In addition to the libel lawsuit, Odey is also facing civil personal injury claims by five women, including one who accused him of rape.