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World Economy Apr 15, 2026

Big Oil Reaps $30m Hourly Windfall from War-Driven Price Surge

The world's top 100 oil and gas companies are making enormous profits due to the surge in oil price…
The ongoing conflict in Iran has led to a significant increase in oil prices, with the world's top 100 oil and gas companies reaping enormous profits. In the first month of the war, these companies banked more than $30m every hour in unearned profit, according to exclusive analysis for the Guardian. This translates to estimated windfall profits of $23bn for the month of March, with Saudi Aramco, Gazprom, and ExxonMobil among the biggest beneficiaries.The surge in oil prices to an average of $100 (£74) a barrel has resulted in a substantial increase in profits for these companies. If the oil price continues to average $100, the companies are expected to make $234bn by the end of the year. The analysis uses data from a leading intelligence provider, Rystad Energy, analysed by Global Witness.The excess profits come from the pockets of ordinary people as they pay high prices to fill up their vehicles and power their homes, as well as from businesses incurring higher energy bills. Dozens of countries have cut fuel taxes to help struggling consumers, but this has resulted in reduced revenue for public services.Pressure is growing for windfall taxes on the war profits of oil and gas companies, with the European Commission considering a request from the finance ministers of Germany, Spain, Italy, Portugal, and Austria. The ministers argue that this would help ease the burden on the general public and finance temporary relief measures.Aramco is expected to make a war profit of $25.5bn in 2026 if the oil price averages $100. This is on top of the huge profits habitually made by the majority state-owned Saudi company – $250m a day between 2016 to 2023. ExxonMobil, which has a long record of denying climate change, will take in $11bn in unearned war profits in 2026 if the $100 price endures.The impact of the Iran war is likely to be long lasting, with the head of the International Energy Agency, Fatih Birol, describing it as the biggest shock ever to the global energy market. The UN's climate chief, Simon Stiell, warned that fossil fuel dependency is ripping away national security and sovereignty, and replacing it with subservience and rising costs.
#oil #war #energy
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Sports Apr 14, 2026

Ghana appoints veteran tactician Carlos Queiroz to steer Black Stars into 2026 World Cup

The Ghana Football Association has hired experienced coach Carlos Queiroz to lead the Black Stars i…
Ghana has named Portuguese veteran Carlos Queiroz as head coach of the men’s national team, a move made less than two months before the kickoff of the 2026 FIFA World Cup.The Ghana Football Association (GFA) announced that Queiroz will assume immediate responsibility for the squad’s tournament preparations, working alongside key stakeholders to finalize the roster.“The Executive Council of the Ghana Football Association, working with all key stakeholders, has appointed Carlos Queiroz as head coach of the senior national team, the Black Stars,” the GFA said in an official statement.At 73, Queiroz recently departed his role as Oman’s manager after the side failed to qualify for the World Cup, but his appointment marks his fifth consecutive World Cup appearance, this time guiding Ghana.Ghana found itself without a coach 72 days before the tournament after parting ways with Otto Addo following friendly defeats to Austria and Germany in March.Queiroz’s World Cup résumé includes leading Portugal to the round of 16 in 2010 and steering Iran through three editions, recording three wins in 13 matches.Born in Mozambique, the former goalkeeper has also managed Egypt, Japan, Colombia and South Africa, and previously helmed Portugal in the early 1990s.“This is not just another job – it is a mission,” Queiroz said. “I am ready to give everything of my experience and knowledge once again, in service of the game and the happiness of people.”He was chosen from more than 600 local and foreign applications because of his extensive World Cup experience.Ghana have been drawn into Group L alongside Croatia, England and Panama.The Black Stars will fine‑tune their tactics in warm‑up matches against Mexico on May 22 and Wales on June 2.
#Ghana Football Association #Carlos Queiroz #Black Stars
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Sports Apr 14, 2026

Matt Crocker exits US Soccer for Saudi role just weeks before 2026 World Cup, prompting leadership reshuffle

US Soccer’s sporting director Matt Crocker is leaving for a comparable position with the Saudi Arab…
Matt Crocker, US Soccer’s sporting director, announced his departure on Tuesday, moving to a similar role with the Saudi Arabia football federation with under two months remaining before the 2026 World Cup. US Soccer said the responsibilities formerly held by Crocker will be divided among COO Dan Helfrich, assistant sporting director Oguchi Onyewu, women’s youth national team development head Tracey Kevins, and the broader sporting leadership team. US Soccer CEO JT Batson praised Crocker, stating, “Matt helped guide important steps across our sporting organization, and we’re grateful for his contributions.” He added that the federation remains “well positioned to make the decisions needed in the short, medium, and long term.” Crocker, hired in 2023 after Earnie Stewart left for PSV Eindhoven, arrived with a strong pedigree from English football, having served as technical director at Southampton and later for England (2013‑2020), where he was tasked with modernising the national team’s playing style. During his US tenure, Crocker oversaw all national‑team operations, including youth programmes, and was chiefly responsible for senior‑team coaching appointments. His first high‑profile decision was to re‑hire Gregg Berhalter as USMNT manager after a brief contract lapse and a complex investigation involving player Gio Reyna and past domestic‑violence allegations. Following Berhalter’s second stint, which ended with a group‑stage exit at the 2024 Copa América, Crocker secured Mauricio Pochettino as his successor at the end of 2024. Under Pochettino, the United States have recorded 10 wins, 1 draw, and 7 losses in 16 matches, including recent defeats to Belgium and Portugal in March friendlies. On the women’s side, Crocker recruited Emma Hayes from Chelsea in late 2023 after Vlatko Andonovski’s departure. Hayes guided the USWNT to Olympic gold in 2024 and has the squad positioned as a contender for the 2027 Women’s World Cup in Brazil. Reflecting on his time, Crocker said, “It has been a privilege to be part of US Soccer during such an important period for the sport in this country. I’m grateful for the people I’ve had the opportunity to work with across the federation, from our coaches and players to our technical and administrative staff.” Meanwhile, Saudi Arabia’s national‑team structure is in flux ahead of its own 2026 World Cup appearance. Reports suggest head coach Hervé Renard may depart, and technical director Nasser Larguet is expected to step down, signalling a broader overhaul of the federation’s leadership.
#crocker #his #soccer
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Sports Apr 13, 2026

Decentralising the FIFA World Cup: A Strategy to Shield the Tournament from Autocratic Influence

The article argues that the growing political exploitation of the FIFA World Cup—exemplified by Rus…
The 2018 World Cup in Russia served as a high‑profile platform for Vladimir Putin, showcasing his nation and bolstering his personal legitimacy. The tournament was effectively a diplomatic bow to the Kremlin’s ambitions.Fast‑forward to the summer of 2026, and the buildup to the event has taken on a distinctly American flavour, with the competition becoming a backdrop for Donald Trump’s political narrative.The next edition, slated for 2034 in Saudi Arabia, presents a fresh set of challenges. Despite the kingdom’s controversial human‑rights record, the event offers Crown Prince Mohammed bin Salman an opportunity to polish his and the nation’s image. FIFA’s current reluctance to enforce independent oversight of migrant‑worker conditions raises fears that construction could be as deadly as the 2022 Qatar experience.These developments underscore a pressing need to insulate the World Cup from the whims of powerful leaders. One proposed solution is to fragment the tournament—treating it like a monopoly that has become too dominant.Evidence that this approach is feasible already exists: the 2026 World Cup will be co‑hosted by three nations, and the 2030 edition is set to span six countries across three continents (Spain, Portugal, Morocco, Argentina, Paraguay, Uruguay).Building on that, the author suggests a radical redesign: allocate each group stage to a different global city—Paris, Rio de Janeiro, Tokyo, Sydney, Johannesburg, London, the Basque Country, and so on. Knock‑out rounds could be broken into three‑match clusters and scattered worldwide, with the semi‑finals, final, and third‑place match awarded to the highest‑bidding venue.Carbon‑footprint concerns are addressed by noting that teams already travel long distances to a single host nation; distributing groups based on the median distance to participating teams would not significantly increase emissions.Financially, the cost of staging a traditional, single‑host World Cup has ballooned, limiting the pool of viable bidders to those seeking political or economic leverage. A decentralized format would dilute any single leader’s ability—whether Trump, Putin, or the Saudi crown prince—to manipulate the event for personal gain.Decentralisation would still align with FIFA’s stated objectives: expanding the sport’s reach, creating a truly global spectacle, and bringing football closer to fans worldwide.While FIFA claims a fiduciary duty to maximise revenue for its 211 member associations—justifying steep ticket prices and controversial sponsorships—the proposed model could actually enhance revenue by turning each small cluster of matches into premium, high‑value events.Precedent exists in the form of Euro 2020, which, despite being postponed by the pandemic, successfully unfolded across 11 European cities, delivering record‑breaking goal tallies and strong attendance figures.In sum, the most effective way to protect the World Cup’s cultural significance and prevent its exploitation by authoritarian figures may be to deconstruct and disperse it globally, turning a single‑host behemoth into a series of interconnected, locally hosted celebrations of the sport.
#world #cup #tournament
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Sports Apr 10, 2026

Aaron Ramsey Retires: A Legend in Welsh Football History

Aaron Ramsey, a highly influential Welsh footballer, has announced his retirement. He played a pivo…
Aaron Ramsey, a name synonymous with Welsh football excellence, has officially retired from the sport. His career was marked by early promise, rapid rise to international stardom, and a legacy that will be remembered for generations to come.Ramsey's journey began with Wales' national team debut at just 17, a testament to his prodigious talent. He quickly became a cornerstone of the team, known for his exceptional technique, vision, and creativity on the field. His performances earned him captaincy by the age of 20, a rare honor that underscored his leadership qualities and influence.One of the defining moments of Ramsey's career was his heroic performance in Euro 2016, where Wales reached the semi-finals, a feat that rekindled the nation's passion for football. His four assists and one goal in the tournament showcased his skill and determination. Ramsey's absence in the semi-final due to suspension was deeply felt, as Wales were eventually eliminated by Portugal.Despite struggling with injuries that plagued him throughout his career, Ramsey's impact on Welsh football cannot be overstated. He was a key player in qualifying for Euro 2020, scoring crucial goals against Hungary. His partnership with Gareth Bale was particularly notable, as they inspired victories and memorable moments for Welsh fans.As Wales failed to qualify for the 2026 World Cup, fans will look back on Ramsey's contributions with gratitude and admiration. He is undoubtedly a shoo-in for Wales' all-time XI, a testament to his enduring legacy in the sport.
#wales #his #ramsey
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Sports Apr 08, 2026

Harry Kane’s 54‑Goal Surge, Balogun’s USMNT Debate and De Zerbi’s Seven‑Game Test at Tottenham

The article examines three intertwined football storylines ahead of the 2026 World Cup: Harry Kane’…
Ballon d’Or prospects are wider than ever after more than a decade dominated by Lionel Messi and Cristiano Ronaldo. This season’s Champions League quarter‑finals could tip the balance as the 103‑day run‑in to the World Cup final approaches. Harry Kane leads the conversation, having netted 54 goals across club and country – a tally that includes Bayern Munich’s recent 2‑1 win over Real Madrid. A Champions League triumph with Bayern and a World Cup victory with England would make him the first English Ballon d’Or winner since Michael Owen in 2001. Other candidates include Kylian Mbappé, currently the top scorer in both the Champions League and La Liga, and teenage sensation Lamine Yamal, whose creativity for Barcelona and Spain adds a different flavour to the race. The field remains open enough that a surprise performer – perhaps an Arsenal double‑winner or a PSG‑Portugal combo – could leapfrog the traditional favourites. Folarin Balogun’s USMNT future is under scrutiny. The 24‑year‑old Monaco striker has scored in five consecutive Ligue 1 matches, highlighted by a spectacular chip against Marseille that showcased his peak form. Yet head coach Mauricio Pochettino opted to start Christian Pulisic at centre‑forward in the final warm‑up against Portugal, limiting Balogun’s chance to cement his role. While Pulisic displayed moments of flair, his hold‑up play was described as “more like a winger than a No 9”, underscoring the coach’s dilemma. Balogun’s club form, however, argues that the United States already possess a striker capable of leading the line. Roberto De Zerbi faces a seven‑game deadline at Tottenham Hotspur. Signed on a five‑year deal, the Italian tactician inherits a side that struggled to adapt to his possession‑based philosophy under previous managers. Tottenham rank 12th for touches inside the opposition box and 14th for big chances created (Opta), indicating a lack of the creative outlets De Zerbi favours. He achieved his first win at Brighton after six games and impressed at Marseille with four wins in five, but both successes came after a full pre‑season and targeted transfers – luxuries Tottenham lack at the moment. The upcoming Sunderland clash will be his first real test of whether his style can be implemented quickly enough to steer the club away from relegation danger. In summary, the next three months will decide not only who lifts the 2026 Ballon d’Or, but also whether Balogun can secure a starring role for the USMNT and if De Zerbi can reverse Tottenham’s fortunes before his contract’s short‑term clause expires.
#zerbi #his #world
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Food Apr 07, 2026

The Origin of Marmalade: A Sweet Story of Cultural Exchange

The article discusses the origin of the word 'marmalade' and its cultural significance, sparked by …
The word 'marmalade' has a rich history that spans across cultures. It originates from the Portuguese fruit 'marmelo' (quince), which was used to make a sweet jam that was exported to England at the end of the 15th century. Over time, the English adopted the term 'marmalade' and applied it to orange jam, making it their own.Mónica Joyce Moniz, a Portuguese-British citizen, shares her perspective on the matter, highlighting the connection between her two countries. She notes that in Portugal, marmalade is still known as quince jam.Tony Batcup, a reader from Chile, suggests that marmalade should be correctly named as 'bitter orange marmalade', given its origins from Citrus x aurantium. He humorously proposes that the EU and UK can save their differences for more important issues.Mark de Brunner jokingly remarks that Brexit represented 'jam tomorrow', which has surprisingly come true in a literal sense.
#marmalade #brexit #food
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Sports Apr 03, 2026

Spain's World Cup Hopes Marred by Anti-Muslim Chants in Friendly Match

A friendly match between Spain and Egypt was marred by anti-Muslim chants, sparking widespread cond…
Spain's hopes of hosting the 2030 World Cup final have been dealt a blow after a friendly match against Egypt was overshadowed by racist and Islamophobic chants from a section of the Spanish fans. The chants, which included "Whoever doesn't jump is Muslim," were heard twice during the 0-0 draw in Barcelona on Tuesday, prompting an investigation by Spanish police and widespread condemnation from authorities, football officials, and players. Lamine Yamal, Spain's star winger and a Muslim whose father moved from Morocco to Spain, issued a damning statement on Instagram, condemning the chants as "disrespectful and intolerable." He emphasized that using a religion as a mockery on the field "makes you ignorant and racist people." The incident has highlighted the ongoing issues of structural racism in Spanish society, particularly against Muslims and immigrants from Morocco. Analysts and experts have pointed to a rise in far-right sentiment and xenophobia, as well as a lack of awareness and action to combat racism in various sectors, including sports and education. The Spanish Football Federation, La Liga, and many leading footballers have condemned the chants, while efforts to combat racism in sports have been acknowledged as improving in recent years. However, the incident has also sparked a political debate, with some far-right leaders downplaying the significance of the chants. The incident comes as Spain, along with Morocco and Portugal, is bidding to host the 2030 World Cup, with the final destination yet to be decided by FIFA. The anti-Muslim chants have raised concerns about Spain's ability to host a successful and inclusive tournament.
#Spain national football team #Egypt national football team #FIFA
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Sports Apr 02, 2026

Arsenal hit by unprecedented injury wave as international break looms over FA Cup and Champions League fixtures

Arsenal manager Mikel Arteta faces a historic spate of international withdrawals, with eleven playe…
When asked before Arsenal’s win over Everton how the upcoming international break might affect his squad, Mikel Arteta stressed the club’s “good communication” with national team coaches and promised to make “the right decisions” after assessing each player’s condition. That cautious optimism was quickly shattered. Following the Carabao Cup final loss to Manchester City, a cascade of withdrawals began. William Saliba pulled out of France’s squad with a left‑ankle injury, and Jurriën Timber missed the Netherlands call‑up due to a lingering groin problem. Within 24 hours, Gabriel Magalhães (Brazil) and Leandro Trossard (Belgium) also withdrew, while Eberechi Eze was forced out of England duty because of a calf strain that kept him out of the cup final. Captain Martin Ødegaard, still recovering from a previous ankle‑ligament injury sustained on international duty, did not feature in the final and subsequently withdrew from Norway’s squad. Arsenal’s injury list continued to grow on Friday when Noni Maduke (England) and Piero Hincapié (Ecuador) limped out of their respective friendlies. Both are doubtful for the FA Cup clash with Southampton at St Mary’s, though the club hopes they may return sooner. Mid‑week, Martín Zubimendi became the eleventh Arsenal player to pull out of an international roster, citing pain in his left knee. The Spain midfielder has logged more Premier League minutes than any Arsenal player this season, edging out Declan Rice and Jurriën Timber. Despite the setbacks, Viktor Gyökeres showed full commitment to Sweden, scoring a hat‑trick in the play‑off against Ukraine and later netting the decisive goal against Poland. By contrast, Riccardo Calafiori returns to London after Italy’s 120‑minute defeat to Bosnia and Herzegovina, a match that highlighted Italy’s ongoing World Cup qualification woes. Arteta’s dilemma mirrors the challenges faced by Sir Alex Ferguson in the early 2000s, when the Manchester United legend famously limited his players’ international minutes. The modern Arsenal squad, arguably one of the deepest in Premier League history, now faces a delicate balancing act: preserving player fitness while competing on three fronts – the league, the FA Cup, and the Champions League quarter‑final against Sporting Lisbon next week in Portugal. With the club already having contested over 50 matches this season and potentially adding another 15 if they reach both cup finals, the psychological impact of another major‑trophy loss could be significant. Arteta will need his remaining fit players to step up and deliver, or risk seeing the season’s ambitions slip away.
#Arsenal #Mikel Arteta #FA Cup
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